4 Lakh Personal Loan

4 Lakh Personal Loan at 12K Salary

Taking a personal loan is not simple.  You must go to the bank for a 4 lakh personal loan and provide many documents. But if you apply for a 24hr Loan, it will be faster than ever. Also, compare banks and NBFC companies for flexible interest.

Get a personal loan of 4 lakh for salaried individuals at 12,000 salaries. You may check the eligibility with the EMI Calculator.

4 Lakh Personal Loan Quick Recap

Loan AmountRs. 25,000 – 5 lakh
Loan Duration6 months to 36 months
ROI1.35% per month
SalaryRs. 12,000/- per month
Processing feeUp to 5% + Taxes
Required Age21 to 55 years 
EligibleSalaried Employee

Benefits of 4 Lakh Personal Loan

Faster Approval Process:  Obtain quick approval for a 4 lakh personal loan through a user-friendly online application process, making the entire experience hassle-free.

 Use for Emergency: Borrowers may use personal loans for different uses like medical emergencies, room rent costs, education, home improvement, etc.

Easy Loan Eligibility: Drive for a personal loan of 4 lakh at Rs. 12,000 salary. Complete the minimal eligibility criteria for this loan.

Reasonable ROI: Get a fair ROI (Rate of Interest) of 1.35% per month. Reasonable interest rate provided from 24hr Loan.

Duration: Personal loan tenure is 6 months to 36 months. The benefit of flexible loan duration is provided by us.

Also Read: Personal Loan Eligibility Documents

Compare Banks Offering Personal Loans

Banks/ NBFCsInterest Rate (p.a.)Salary 
MoneyView 1.33% per monthRs. 13,500Apply Now
InCred   11.49% to 18% p.a.Rs. 15,000Apply Now
Fibe 24% to 30% p.a.Rs. 15,000Apply Now
Finnable 16% to 22% p.a.Rs. 15,000Apply Now
SBI Xpress Credit 11.50% to 14.50% p.a.Rs. 15,000Apply Now
IDFC   12.50% to 18% p.a.Rs. 15,000Apply Now
PaySense   1.4% to 2.3% per monthRs. 18,000Apply Now
Upward  9% to 32% p.a.Rs. 18,000Apply Now
Faircent12% to 28% p.a.Rs. 25,000Apply Now

Personal Loan of 4 Lakh Eligibility

  • Age: You must be complete 21 years to 55 years of age.
  • CIBIL:  The borrower’s credit score must be -1 / 700+ and above need.
  • Income: To get the 4 lakh loan your salary is Rs. 12,000 net required. Your salary should be hit directly bank account.
  • Experience: Job experience must be 12 months.

Also Read: Get Instant Loan up to 10 Lakh

List of Essentials Documents

  • KYC Documents: Pan Card/ Aadhaar Card/ Voter Card
  • Address Proof: Gas bill / Utility bill/ Property Deed / Aadhaar Card
  • Latest month’s salary slip
  • 1 year salary credit bank statement
  • Provide Co-applicant Aadhaar Card
  • Photocopy of applicant & co-applicant

4 Lakh Personal Loan Interest & Charges

Rate of Interest16% to 18% p.a.
Processing feeUp to 5% + GST Taxes
Foreclose Charge4% of due loan
Late FeeRs. 500 + Tax

How to Get for 4 Lakh Personal Loan

Step 1: Navigate to the “Apply Now” button and complete the application form.

Step 2: Enter the correct information with the active mobile number.

Step 3: Share the pin code for your present address.

Step 4: Submit each document individually through the upload process.

Step 5: Click the submit button.

FAQs on 4 Lakh Personal Loan

Who will be eligible for a 4 lakh personal loan?

The person salaried employee at Rs. 12,000 salary will be eligible for a 4 lakh personal loan. The borrower’s salary should be deposited into the Bank account.

What is the interest of a 4 lakh personal loan?

The monthly rate of interest is 1.35% per month given by the lender for a 4 lakh personal loan.

What is the EMI of a 4 lakh personal loan?

Suppose you take a 4 lakh loan for 3 years tenure with 16% interest yearly. Then EMI of 4 lakh will be Rs. 14,063 per month. The total interest you have to give is Rs. 1,06,261.

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