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 Amount | Rs. 25,000 – 5 lakh |
| Loan Duration | 6 months to 36 months |
| ROI | 1.35% per month |
| Salary | Rs. 12,000/- per month |
| Processing fee | Up to 5% + Taxes |
| Required Age | 21 to 55 years |
| Eligible | Salaried 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/ NBFCs | Interest Rate (p.a.) | Salary | |
| MoneyView | 1.33% per month | Rs. 13,500 | Apply Now |
| InCred | 11.49% to 18% p.a. | Rs. 15,000 | Apply Now |
| Fibe | 24% to 30% p.a. | Rs. 15,000 | Apply Now |
| Finnable | 16% to 22% p.a. | Rs. 15,000 | Apply Now |
| SBI Xpress Credit | 11.50% to 14.50% p.a. | Rs. 15,000 | Apply Now |
| IDFC | 12.50% to 18% p.a. | Rs. 15,000 | Apply Now |
| PaySense | 1.4% to 2.3% per month | Rs. 18,000 | Apply Now |
| Upward | 9% to 32% p.a. | Rs. 18,000 | Apply Now |
| Faircent | 12% to 28% p.a. | Rs. 25,000 | Apply 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 Interest | 16% to 18% p.a. |
| Processing fee | Up to 5% + GST Taxes |
| Foreclose Charge | 4% of due loan |
| Late Fee | Rs. 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.