How Much Personal Loan Can I Get on 40000 Salary

A personal loan is a multipurpose loan that unlocks easy finance options for individuals in need of urgent money. It can be availed by anyone with a minimum earning of 15000 per month. So, if your salary is 40000, then you are clearly eligible for personal loan. Several financial institutions have come to aid by offering personal loanat affordable interest rates with low processing fees.
 
Personal loan amount on 40000 salary may vary from lender to lender based on individuals credit history, authenticity of personal documents and job stability. Moreover, if the application is done via an instant loan app online, the benefits and eligibility criteria to get loan amount on 40000 salary is quick with minimal documentation accepted in a paperless format.
 
An individual earning a monthly salary of 40000 is eligible by most of the financial institutions in India. Moreover, people with a minimum salary of less than 40000 can also benefit from instant personal loan through personal loan apps online and credit websites.
 
This is actually possible with Hero FinCorp Instant Personal Loan app that works instantly to fulfil cash needs on time. As the name suggests, Hero FinCorp Instant Personal Loan is really simple to use and very handy to pay off pending bills, manage medical emergencies or handle other urgent expenses.

• Must be a resident of India
• Age limit must be 21-58 years’ old
• Must be professionally stable in a service or business
• Must earn a minimum income of Rs.15,000 per month
• Six months bank statement of salary account for salaried and 6 months bank statement with most transactions for self-employed
   

• Aadhar card is the first document when applying for instant personal loan
• In the absence of Aadhar card, you can provide your Pan card/ driving license
• Other important documents include your professional and financial details inclusive of salary slips and income statements
• Your account should be in any of the accepted banks as suggested by the financial institution