HDFC Personal Loan of 40000

Get in Touch for Personal Loan Expert Advice

Connect with our Personal Loan Advisor Now!

Personalized Personal Loan solutions
Expert guidance
Application assistance
Credit score discussion
Personal Loan Interest rate comparison

Full Name

+91Mobile No.

Choose City

I agree to the Terms and Conditions of TUCIBIL and hereby provide explicit consent to share my Credit Information with Urban Money Private Limited.

Written By

Hepson Franklin

Hepson Franklin is a seasoned financial expert and accomplished writer specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & loan products. With a wealth of experience in the financial industry, he has established himself as a trusted voice, providing invaluable insights and guidance to both seasoned investors and those new to the world of finance. With a comprehensive understanding of the intricate facets of the financial landscape, he is dedicated to demystifying complex financial concepts for readers of all backgrounds.

Reviewed By

Piyush Bothra

Chief Financial Officer, Square Yards

Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

An HDFC personal loan of 40000 is a readily available loan that offers a flexible financial cushion to meet your diverse needs. With attractive interest rates, a convenient application process, and flexible repayment options, the instant 40000 loan HDFC scheme empowers you to take control of your finances and achieve your aspirations. With its benefits and convenient features, the HDFC Personal Loan of INR 40,000 is a reliable financial partner. This scheme is here to assist you in navigating unforeseen expenses, achieving your personal goals, and managing your finances efficiently.

40000 Personal Loan HDFC – Highlights

Here is all you need to know about your HDFC Personal Loan of 40000.

Feature	Description
Interest Rate	10.50% p.a. Onwards
Loan Amount	₹50,000 to ₹25 lakhs
Tenure	12 to 84 months
Any Hidden Charges	No

40000 Personal Loan EMI for 5 Years

The table below showcases the 40000 personal loan EMI if you take the loan for 5 years with an interest rate of 10.50%.

Month	Beginning Loan Balance	EMI	Principal	Monthly Interest	Outstanding Balance
1	₹ 40000	₹ 860	₹ 510	₹ 350	₹ 39490
12	₹ 34141	₹ 860	₹ 561	₹ 299	₹ 33580
24	₹ 27075	₹ 860	₹ 623	₹ 237	₹ 26452
36	₹ 19230	₹ 860	₹ 691	₹ 168	₹ 18539
48	₹ 10521	₹ 860	₹ 768	₹ 92	₹ 9753
60	₹ 852	₹ 860	₹ 852	₹ 7	₹ 0

40000 Personal Loan EMI for 10 Years

The table below will give you an insight on the 40000 personal loan EMI if you take the loan for 10 years with an interest rate of 10.50%.

Month	Beginning Loan Balance	EMI	Principal	Monthly Interest	Outstanding Balance
1	₹ 40000	₹ 540	₹ 190	₹ 350	₹ 39810
12	₹ 37819	₹ 540	₹ 209	₹ 331	₹ 37610
24	₹ 35189	₹ 540	₹ 232	₹ 308	₹ 34957
36	₹ 32269	₹ 540	₹ 257	₹ 282	₹ 32012
48	₹ 29027	₹ 540	₹ 286	₹ 254	₹ 28742
60	₹ 25429	₹ 540	₹ 317	₹ 222	₹ 25111
72	₹ 21433	₹ 540	₹ 352	₹ 188	₹ 21081
84	₹ 16997	₹ 540	₹ 391	₹ 149	₹ 16606
96	₹ 12072	₹ 540	₹ 434	₹ 106	₹ 11638
108	₹ 6605	₹ 540	₹ 482	₹ 58	₹ 6123
120	₹ 535	₹ 540	₹ 535	₹ 5	₹ 0

Comparing 40000 Personal Loan from other Banks & NBFCs

Feature	HDFC Bank	SBI	ICICI Bank	Axis Bank	Bajaj Finance
Interest Rate (5 years)	10.50% p.a.	9.60% p.a.	9.75% p.a.	10.50% p.a.	10.99% p.a. onwards
Interest Rate (10 years)	10.50% p.a.	9.70% p.a.	9.85% p.a.	10.75% p.a.	11.24% p.a. onwards

40000 HDFC Home Loan – Fees and Charges

If you want to know what charges and fees you need to pay off for availing of the 40000 personal loan from HDFC, here is a detailed list to help you manage your budget effectively.

Fee/Charge	Description
Processing Fee	Up to 2.5% of the loan amount
Foreclosure Charges	2% of the outstanding loan amount
Late Payment Charges	2% of the overdue instalment

40000 HDFC home loan – Documents Required

To apply for a 40000 personal loan from HDFC Bank, do keep in your conscience to keep these documents ready:

Identity proof: PAN card, Aadhaar card, or voter’s ID
Address proof: Electricity bill, rental agreement, or bank statement
Income proof: Salary slips for the last three months or ITR
Bank statement: Copy of bank statements for the previous six months
Employment proof: Appointment letter for salary certificate

To ensure a smooth application procedure for an instant 40000 loan from HDFC, kindly ensure that all documents are clear, legible, and self-attested.

40000 HDFC Home Loan – Eligibility Criteria

HDFC has given certain parameters to avail of 40000 personal loans as the eligibility criteria. The table below elucidates the requirements in detail.

Criteria	Requirement
Age	21 to 60 years
Employment	Employees of private limited companies. Employees from public sector undertakings and central, state and local bodies.
Salary	Minimum net monthly income of ₹40,000
Credit Score	Minimum credit score of 650