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Personal Loan for ₹40,000 salary
If you are an employee earning a fixed monthly salary of approximately ₹40,000, you can easily avail yourself of a Personal Loan from Axis Bank in just a few simple steps. Now, you don't have to worry about not having enough funds. We ensure you get the financial support you need, smoothly and efficiently.
Features & benefits of Personal Loan for ₹40,000 salary
Quick approvals
Your loan application gets approval in only a few minutes if you meet all the eligibility criteria. This process is designed to meet your urgent financial needs efficiently.
Easy documentation
With minimal paperwork required, applying for your personal loan is hassle-free. You only need a few essential documents like proof of age, address and income. Most of these details can be verified online with Axis Bank, even without any upload of documents.
Funds in 24 hours
Once approved, the loan amount can be disbursed to your account in as little as 24 hours, providing you with immediate access to funds when you need them the most.
Versatile tenor
Choose a repayment period that suits your financial situation, with flexible options that allow you to manage your loan repayments comfortably over time. Axis Bank lets you choose the tenure between 12 to 84 months.
Pre-approved offers
You can access exclusive pre-approved loan offers tailored to your profile if you are an existing customer of Axis Bank. This enables you to access loans quickly without any additional screenings.
No collateral required
You can also secure your loan without the need to pledge any collateral. This unsecured loan option gives you the financial support you need without tying up your assets.
No hidden fees
You are assured there are no hidden charges. All fees are mentioned upfront, so you know exactly what you're paying for.
Simplified loan management
You can manage your loan effortlessly through Axis Bank's digital platforms. They allow you to track your loan balance, make payments, and access your loan details anytime, anywhere.
Eligibility criteria for Personal Loan with a salary of ₹40,000
You can check the loan amount you are eligible for using this Personal Loan Eligibility Calculator.
Documents required for Personal Loan for ₹40,000 salary
You can verify income online during the digital application process. However, here is a list of documents to be kept ready to avail yourself of a Personal Loan online with a salary of ₹40,000:
One KYC document:
Note: This is an indicative list, and the bank may ask for additional documents on a case-to-case basis
How to apply for a Personal Loan with a salary less than ₹40,000?
You can easily apply for a Personal Loan if your salary is below ₹40,000 since the minimum requirement to avail of a personal loan is ₹15,000 per month for Axis Bank customers and ₹25,000 for non-Axis Bank customers. Here is how you can apply for the same.
- 01
Last six months' bank statements.
- 02
To start your loan application, click on this link.
- 03
Enter your mobile number, PAN card, Aadhaar details.
- 04
Verify income online or upload six-month bank statements and salary slips.
- 05
Complete video KYC.
- 06
Provide basic employment details.
- 07
Choose personal loan amount and tenure. You will be able to see the details of your personal loan EMI. Now, click on "avail now".
- 08
Congratulations! Your loan application has been accepted, and the money will be transferred to your account within a few hours.
For offline application, you can visit the nearest Axis Bank branch and contact a bank representative. They will assist you in availing a personal loan based on your specific requirements.
Great plans start with well-calculated decisions
Personal Loan EMI Calculator
A Personal Loan EMI calculator is an important tool that helps borrowers know the exact amount they are required to pay as an EMI every month to repay their Personal Loans. The online Personal Loan EMI calculator uses parameters such as loan amount, tenure and interest rate to calculate the EMI details for borrowers who have taken a Personal Loan from a bank or a financial institution or are looking for a Personal Loan.
₹
10K
40L
%
9% 22%
Mos
384
Your EMI*₹ 1,14,678
Get instant funds*Equated Monthly Installment'
Note: To see amortization schedule, please click here.
Total Amount Payable
1,37,621
Personal Loan Eligibility Calculator
A personal loan eligibility calculator comes in handy when you need an instant idea of the maximum amount of loan you are eligible for. Personal loan provides you financial support when life takes an unexpected turn or when you need some extra funds to fulfill your goals and ambitions. Whether planning a wedding or giving your home a new interior, personal loan can ease your financial burden. However, checking all the boxes on the personal loan criteria is crucial to getting your application approved. These criteria determine what amount can be sanctioned to you.
That is where a personal loan eligibility calculator helps you. How, you ask? Let us understand.
You are eligible for up to
₹ 15,00,000
Important links
Read on to know about the status of your loan, list of loan centers and more
Frequently asked questions
Yes, with a monthly salary of ₹40,000, you are well-positioned to apply for a Personal Loan from Axis Bank. Your eligibility is assessed based on your income, credit score, employment history, and other financial commitments.
Axis Bank offers quick Personal Loan services online. Ensure your documentation is in order, apply through the Axis Bank website or mobile app, and opt for instant loans.
If all your documents are in order and you meet the eligibility criteria, the loan amount can often be disbursed within a few hours post-approval.
Axis Bank requires a minimum net monthly income of ₹15,000 per month for Axis Bank customers and ₹25,000 for non-Axis Bank customers to get a Personal Loan approval.
You can determine the loan amount you qualify for by utilising this Personal Loan Eligibility calculator.
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Keep your Application ID starting with Cl or MLP or With Pan Card handy for smooth proccess.
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