A Rs. 4 lakh loan can be useful for various financial needs, including medical emergencies, education, home renovation, or business expansion. While traditional personal loans are an option, borrowing against investments such as shares, mutual funds, and insurance can be a more affordable alternative.
Loans against investments offer lower interest rates, flexible tenures, and faster approvals. They allow you to leverage existing assets without liquidating them, ensuring financial stability while fulfilling urgent monetary requirements.
This guide explores six ways to get a Rs. 4 lakh loan, eligibility criteria, required documents, the application process, and EMI calculations.
Why apply for a Rs. 4 lakh loan?
A Rs. 4 lakh loan can offer timely financial support for planned or unexpected needs without disrupting your savings. Whether it’s for personal use or business growth, here’s why it makes sense:
Access funds without liquidating your investments
Flexible repayment options to suit your cash flow
Competitive interest rates compared to unsecured credit
Instant processing with minimal paperwork
Ideal for mid-sized expenses like travel, renovation, or education
5 ways to get a Rs. 4 lakh loan
The table below highlights different loan products available to secure Rs. 4 lakhs, including interest rates, loan tenure, and application details.
Loan product | Interest rate | Loan tenure | Details and application link |
ESOP Financing | up to 15% p.a. | Up to 36 months | Learn More and apply for ESOP Financing |
Loan Against Bonds | Up to20% per annum | Up to 36 months | Learn More and apply for Loan Against Bonds |
Loan Against Insurance Policy | Up to 24% p.a.(In case of lock-in policies, compounding interest will be chargedIn case of lock-in free policies, simple interest will be charged) | Up to 96 months | Learn More and apply for Loan Against Insurance Policy |
Loan Against Mutual Funds | 8-15% per annum | Up to 36 months | Learn More and apply for Loan Against Mutual Funds |
Loan Against Shares | 8-15% per annum | Up to 36 months | Learn More and apply for Loan Against Shares |
Eligibility criteria for a Rs. 4 lakh loan
To qualify for a Rs. 4 lakh loan, applicants must meet eligibility and conditions as required for the loan variant. The following may or may not include all of them-
- Age: 18 to 65 years
- Income: Stable income source from salary, business, or investments
- Employment status: Salaried or self-employed professionals/business owners
- Asset ownership: Existing investments in bonds, shares, or insurance
Lenders may have additional criteria depending on the loan type and security offered. This is based on Bajaj Finance loan against securities.