Did You Know?
We serve loans, the best way you can borrow
A ₹40,000 personal loan from lendingplate allows you to access funds in an emergency or rebuild your credit score.
Flexible repayment options
Straightforward online application
No hidden charges
24/7 customer service support
Swift disbursement of cash
Improve your credit score instantly
Minimal documentation
No collateral required
Here is what you should know about the features and benefits of applying for a personal loan.
We offer competitive interest rates and a transparent fee structure for our personal loans. You know what you pay before you apply for your instant personal loan 20000.
| Charges | Details about the Charges |
| Processing Fee | 1% - 5% of loan amount |
| Conversion Fee | 1 - 5% of the amount |
| Interest Rate | 12% - 36% per annum |
| Foreclosure | 5% of the amount [Nil when prepaid on or after your] |
| Mandate Return Fee | 500/- [inclusive of GST] |
Getting a loan with a lendingplate is simple if you meet these basic requirements to qualify.
Your loan application needs to meet these basic criteria:
Age: 21-60 years
Monthly Income: Minimum ₹20,000
Stable employment history
Acceptable credit score
Residential stability
Keep these ready for a smooth application:
Identity Proof: PAN Card
Address Proof: Aadhaar Card
Latest salary slips
Bank statements
Photograph
Getting a personal loan is easier when you choose lendingplate. Get emergency funds or rebuild your credit score by applying for a personal loan today.
Choose Your Amount
Submit Your Application
Swift Approval
Get Funds in Thirty Minutes
Are you taking a ₹40,000 personal loan? The big question is — how much will you actually pay each month? It all comes down to the interest rate and loan tenure.
Here is a simple formula to calculate your EMI:
EMI = P × r × (1 + r) ^n ÷ [(1 + r) ^n - 1]
P is the principal amount
r is the monthly interest rate
n is the loan tenure in months.
Let us break it down. Say you borrow ₹40,000 at an 18% interest rate for 12 months. Your EMI would be around ₹3,687. Choose a 24% rate for a shorter 6-month term, and your EMI jumps to about ₹7,237.
That’s why picking the right tenure matters. A shorter term means higher EMIs but lower interest overall. A longer one means easier payments but more interest in the end. It is a balancing act.
At lendingplate, our rates range from 12% to 36%. If your credit score is solid, you’ll likely qualify for a lower rate (and save some serious cash).
Are you still unsure? Our EMI Calculator can help. Input the numbers, see what your payments would look like, and decide what fits your budget.
Applying for a personal loan for 40K at lendingplate is the right decision for the following reasons.
assurance (if approved)
Online
Safe
Transparent
At lendingplate, we value your time and urgency. That’s why there is minimal paperwork required to apply for a personal loan at our portal. Here are the documents needed to apply for a ₹40,000 personal loan.
Your identity matters. We accept valid Aadhaar cards, passports, driving licences, or voter ID. These documents are a proof of who you are. Keep it updated, and you are one step closer to your loan approval.
We understand how hard you work. Your last three months’ salary slips and bank statements show your effort. These documents reflect your financial journey. Accurate details mean we can process your loan faster and disburse the loan amount.
A utility bill, rental agreement, passport, or Aadhaar card helps us confirm your address. Note that your address proof should not be older than three months. It must show your name and address clearly.
Applying for a ₹40,000 personal loan from lendingplate is quick with our seamless digital process. Here is what you should know.
At lendingplate, we are different from other lenders. We specialise in providing personal loans in thirty minutes with minimal paperwork and no collateral. Here are the reasons to choose us.
Get loan approval in minutes always.
Get your loan approved with minimal documentation.
All details, including EMIs and processing fees, are clearly disclosed.
Lendingplate make the process easy if you need ₹40,000 fast. Just visit our website or app, fill in your details, and upload your ID and income proof. There are no endless forms or bank visits. Our system checks everything in minutes. If approved, the money is in your account within 30 minutes through IMPS.
Life can be unpredictable. If you’ve already repaid a previous loan on time, you can apply for another ₹40,000 loan. We’ll check if it fits your budget. Paying on time builds trust, making approvals easier. Responsible borrowers often get faster loans and lower fees. We’re here to support you as often as you need.
You will get no surprises when you apply for a personal loan at our portal. At Lendingplate, we believe in clear and honest lending. Every fee — from interest rates to the 1% to 5% processing fee — is explained upfront. If a payment fails, a ₹500 (including GST) fee may apply. It is the only charge you need to pay. We believe in complete transparency while dealing with you.
Have you got some extra cash and want to pay off your loan early? You can always prepay your loan at lendingplate. After your first EMI, there’s no foreclosure fee. Prepaying before that means a small 5% fee on the remaining balance. Paying early saves you interest. While the processing fee isn’t refundable, the peace of mind is worth it.
Emergencies don’t follow a schedule. Whether it’s late at night or early morning, you can apply for a ₹40,000 loan anytime through our app or website. Our system works 24/7, reviewing your application in minutes. Your funds will arrive during banking hours once approved — even on weekends.
At lendingplate, we do not believe in piles of paperwork to approve your loan. We will need your KYC documents — an Aadhaar card, PAN card, or passport for ID, plus address proof like a utility bill. Add your salary slips or bank statements from the last three months to show your income. The loan approval becomes straightforward with minimal documents.
Missing payments can lead to late fees. It can also affect your credit score. We will send reminders to help you stay on track. Contact our customer service team if you think that you cannot pay on time. We’d rather help you find a solution than see you struggle. Consistent delays may affect your future loan chances, but communication makes all the difference.
Select the loan details you want to know
Select the loan details you want to know
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Unifinz Capital India Limited is a Non Banking Finance Company (NBFC) registered with the Reserve Bank of India (RBI). lendingplate is the brand name under which the company conducts its lending operations and specialises in meeting customer’s instant financial needs.
