| Competition: | Tercera División |
| Season: | 1940–41 |
| Promoted: | Alavés Constància Ferroviaria Ceuta Elche |
| Biggest Home Win: | Alavés 12–0 Erandio (5 January 1941) |
| Biggest Away Win: | Rochapeano 1–12 Ferroviaria (12 January 1941) |
| Highest Scoring: | Rochapeano 1–12 Ferroviaria (12 January 1941) |
| Matches: | 72 |
| Total Goals: | 319 |
| Prevseason: | 1933–34 |
| Nextseason: | 1943–44 |
The 1940–41 Tercera División was the seventh season of the Tercera Division since its establishment.