Features and benefits of personal loan
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Collateral-free sanction
Avail an ample loan amount without needing to pledge any assets.
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Flexible tenure
Opt for a tenure that ranges up to 96 months and use the Personal Loan EMI Calculator to find the most suitable repayment plan.
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Repay your loan flexibly
Choose to pay interest-only EMIs and reduce your monthly outgo significantly with our Flexi loan facility.
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Swift loan processing
Get approval within 5 minutes* of applying and enjoy full disbursal within 24 hours*.
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Furnish minimal documentation
Submit just basic documents required for personal loan approval, including your ID, address, and income proof.
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Avail a pre-approved deal
Check your pre-approved loan offers as an existing customer and enjoy even faster loan processing.
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Manage the loan online
Get access to the online loan account to manage EMIs, view loan statements, and more.
Getting access to Rs. 4 lakh loan is now simpler than ever. Whether you are looking to expand your business, travel, renovate your home, or address an emergency, our loan is a handy option. Take advantage of swift loan processing and get access to funding without any hassles. Low interest rates ensure that your Rs. 4 lakh personal loan EMI is manageable, and repayment is not a burden.
Eligibility criteria of personal loan for Rs. 4 lakh
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Nationality
Indian
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Age
21 years to 80 years*
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CIBIL score
685 or higher
To check your eligibility easily, use our Personal Loan Eligibility Calculator online.
Documents required for a Rs. 4 lakh personal loan
To apply for a Rs. 4 lakh personal loan, you'll need to submit a few essential documents.
- Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
- PAN card
- Employee ID card
- Salary slips of the last 3 months
- Bank account statements of the previous 3 months
- Piped gas bill
- Pension order
- Letter of Allotment of Accommodation Issued by Employer
- Property / Municipal tax receipt
- Utility bill
- Real-time image / photograph
- Ration card
Know more about the personal loan documents requirement. Having these documents ready ensures a smooth application process and faster approval.
Rs. 4 lakh personal loan EMI for up to 5 years
Check out the illustration below for Rs. 4 lakh loan EMI for 5 years:
Tenure |
Approximate EMI at 10% interest rate |
Rs. 4 lakh loan for 1 year |
35,166 |
Rs. 4 lakh loan for 2 years |
18,458 |
Rs. 4 lakh loan for 3 years |
12,907 |
Rs. 4 lakh loan for 4 years |
10,145 |
Rs. 4 lakh loan for 5 years |
8,499 |
Personal loan interest rates for Rs. 4 lakh
Avail of an online personal loan at attractive interest rates and flexible repayment periods. Know more about the personal loan interest rate.
How to apply for a personal loan of Rs. 4 lakh
On meeting the simple eligibility terms, follow these steps to apply for a personal loan online:
- 1 Click on ‘APPLY ONLINE’ and fill in the simple application form
- 2 Enter your phone number and submit the OTP sent to it for authentication
- 3 Fill in basic KYC, income, and employment details
- 4 Attach the required documents and submit the form
Await further guidance from our representative who will contact you shortly.
*Conditions apply.
Also read
Frequently asked questions
Once you fulfil the eligibility criteria required for a personal loan, you can follow these steps to apply for it:
- Fill up the online application form with accurate personal and financial details
- Select a suitable loan tenure and amount
- Submit the necessary documents
- Following document verification, the amount will be credited to your bank account within 24 hours*
You are required to submit the following documents to get our Rs. 4 lakh personal loan:
- Passport-size photographs
- KYC documents
- Bank account statements for the last 3 months
- Salary slips for the last 3 months
To calculate the EMI for a Rs. 4 lakh personal loan over 5 years, you'd need to know the interest rate. Once you have that, you can use an EMI calculator to determine the monthly installment. For instance, for Rs. 4 lakh personal loan your EMI for 5 years at 11% interest, would be Rs. 8697.
You can calculate your personal loan EMI by using an EMI calculator. Input the loan amount, interest rate, and tenure into the tool, and it will instantly display your monthly instalment along with the interest breakdown.
If you take a Rs. 4 lakh personal loan at a 10% interest rate for a 2-year tenure, your EMI will be Rs.18,460, and the total interest payable will be Rs. 42,999. However, the EMI of your personal loan will vary as per the chosen tenure and the lender's personal loan interest rates.
Enter the loan amount, interest rate, and the repayment tenure in the Bajaj Finserv online loan EMI calculator to find the monthly estimates.
The Bajaj Finance Rs. 4 lakh personal loan EMI is approximately Rs. 8,498 per month for a 5-year tenure at a 10% interest rate.
The Rs. 4 lakh loan monthly EMI depends on the interest rate and repayment tenure. For instance, with an interest rate of 10% and a loan tenure of 5 years, the EMI for a Rs. 4 lakh personal loan comes to approximately Rs. 8,498 per month.
You need a CIBIL Score of 685 or higher to apply for a Bajaj Finserv Personal Loan.
Here is how you can get Rs. 4 lakh instantly:
- Click on ‘APPLY’ at the top of this page to open our online personal loan application form.
- Enter your 10-digit mobile number and the OTP sent to your phone.
- Fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
- Now, click on ‘PROCEED’ to visit the loan selection page.
- Enter the loan amount that you need. Choose from our three personal loan variants –Term, Flexi Term, and Flexi Hybrid.
- Choose the repayment tenure and click on ‘PROCEED’.
- Complete your KYC and submit your application.
Our representative will guide you on the next steps. The loan amount will be transferred to your bank account on the successful verification of your documents
If you meet all the eligibility criteria and submit the required documents, you can get instant approval on your application for a personal loan of Rs. 4 lakh.
Yes, since personal loan is unsecured in nature, you do not need to pledge any collateral to get it.
You need to have a credit score of 685 or higher to get a personal loan of Rs. 4 lakh.
