Features and Benefits of Personal Loan


Flexible Loan Amount

Depending on eligibility factors, you can borrow up to Rs. 10 Lakhs


Quick Eligibility Check

Using the Money View website or app, you can find out if you are eligible within just two minutes


Minimal Documentation

We only ask for your identification, your address, and your income proof


Affordable Interest Rates

We understand how important interest rates are as they determine the EMI amount to be paid. At Money View, the interest rate starts at just 1.33% per month


100% Online

From application to disbursement, the entire process is online and paperless


Flexible Repayment Tenure

There is a flexibility of up to five-year repayment terms available to applicants


Loans on Low Credit Score

Money View's unique credit model allows you to still get a loan even with a CIBIL score or an Experian score of 650


Instant Disbursal

Within 24 hours of approval, your loan amount will be credited to your account

Loans cater to the needs of the employed and unemployed, rich and poor, old and young alike. However, the terms and conditions of the loans vary depending on the applicant's profile.

In this article, we will look at all the loan options available to individuals earning an income of Rs. 40,000 per month. 

Factors Influencing Personal Loan Eligibility

Personal loan approval depends on various parameters that are unique to each ender. However, be it a bank, online lenders, or financial institutions, some factors are considered common across all blenders. 

Here are the major influencing factors that impact your loan approval rate. 


Your income reflects your ability to repay the loan. Accordingly, lenders customize their loans based on your salary. High-wage earners often get higher loan amounts while individuals in the lower-income bracket have difficulty attracting higher loans. 

Credit Score

The credit score is the sum of your credit behavior, such as your repayment history, credit utilization ratio, loan inquiries, credit card usage, and more. The three-digit score plays a significant role in determining your loan approval. 


The age of the borrower is another important factor that influences the likelihood of securing a loan. Lenders set a minimum and maximum age limit for credit depending on the risk associated. 

The above-mentioned factors are a few of the parameters that influence loan eligibility. 

How Much Loan Can I Get On 40000 Salary?

There are two ways to calculate the loan amount you will be receiving.

Multiplier Method

The multiplier method is used by many lenders for calculating eligibility for personal loans. Under this method, a predetermined multiple of the applicant's net monthly income is applied to determine the personal loan amount. 

This multiple can range from 10 to 24 times the applicant's monthly income, depending on the lender and monthly income.

The higher the salary and better the status of the company, the greater the chance of receiving a higher loan amount with lower interest rates. 

Moreover, this loan amount is eligible if you don’t have any pre-existing monthly obligations. 


The EMI/NMI ratio is the proportion of your net monthly income (NMI) spent on servicing your existing EMIs as well as the EMI of the new loan. 

Typically, lenders prefer applicants with an EMI/NMI ratio of less than 50%. Your EMI/NMI ratio is determined by your net monthly income, tenure, and interest rate.

While you cannot change your monthly income or EMI obligations, you can extend the term of your loan and obtain a personal loan at a lower rate of interest to qualify for a larger personal loan amount. 

So, if you're wondering, ‘How much personal loan can I get on a 40,000 salary’, the answer is that it varies depending on the aforementioned factors. You can receive any amount between Rs. 5,000 and Rs. 10 Lkahs.

Where can I Get A Loan On a 40000 Salary?

A person earning a monthly salary of 40,000 is eligible for loans from any lending institution in India since they qualify for the minimum requirements. 

Moreover, people earning less than Rs. 40,000 per year can also access instant personal loans via online lending apps and credit websites.

While most lenders offer a loan on an income of Rs. 40,000, as a borrower, it is important to choose the right lender. moneyview, India’s best-rated loan app, offers instant loans on flexible terms to anyone looking for a loan.

Moreover, a loan with moneyview with a salary of Rs. 40,000 is easy to avail. 

Eligibility Criteria For moneyview Personal Loans

The simple eligibility criteria of moneyview are as follows -

Documents Required For Personal Loan On Rs. 40000 Salary

We ask for minimal documentation. We just need the following documents to process your loan application. 

Note: We might require additional documentation depending on your profile. We may require proof of address, bank statement, and other supporting documents.

You can submit the following documents as proof of address -

As income proof, borrowers can provide bank statements containing salary credits for the last three months.

Additionally, borrowers must enable an auto-debit facility from their loan bank account using the NACH mandate for timely repayments every month. 

Simply print the NACH mandate, and email us a signed copy. 

Once we receive your signed NACH mandate, we will review the loan agreement, and the relevant documents to assess your profile. If you have submitted your aadhaar card as proof, then the first 8 digits of the Aadhaar will be masked to protect your privacy.

Next, enter the OTP you receive on your registered mobile number to submit the loan agreement. On completion of this step, you will receive your loan amount. 

How to Apply for An Instant Personal Loan


Check Eligibility

Provide a few basic details to check your eligibility in just 2 mins!


Select Loan Tenure

Choose your loan amount & repayment tenure


Upload Documents

Complete your KYC and Verify income


Amount Disbursed

Direct Bank A/c transfer in a few minutes!



Securing a loan has become easier than ever. Individuals earning an income of Rs. 40,000 per month can find credit easily if their credit score is high and if they satisfy the eligibility criteria of the lender. 

However, not all lenders offer loans on suitable terms. moneyview loans, on the other hand, are customized to fit the requirements of the borrowers. 

Get an instant Rs. 10 lakh loan by applying on the moneyview website or the app.


While salary is a deciding factor for personal loans, there are several other parameters lenders consider before approving the loan. At moneyview, you can get any amount from Rs. 5,000 to Rs. 10 lakhs. 

Yes. Self-employed and salaried individuals can easily avail moneyview loans as long as they fulfill the required criteria.

No. As of now, moneyview only offers loans to individuals who receive their salary directly in their bank accounts.

No. You can only apply for another loan from moneyview after closing the existing loan.

The entire loan process for moneyview loans is digitalized. Hence, you can directly upload the relevant documents online without any hassle. 


Was this information useful?

300 characters allowed (alphanumeric and special characters such as comma, full stop, @, ", &)

Thank you. Your feedback is important to us.


Apply for personal loan

Green Tick Success

Thank you for your interest!

We will reach out to you shortly