Rs. 4 lakh Personal loan

Rs. 4 lakh Personal loan

Check your eligibility for a Rs. 4 lakh personal loan instantly using your mobile number and OTP. Apply online with minimal documentation, no branch visits, and get quick access to funds with a simple and hassle-free process.
Loan Types

Loan Types

Calculator

Calculator

FAQs

FAQs

Video

Video

Rs. 40,000 - Rs. 55 lakh

Calculate your EMIs

You may be eligible for a pre-approved offer

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Enter mobile and OTP | Check offer | No branch visit needed

Key takeaways

 
 

A Rs. 4 lakh personal loan can help you meet planned or urgent expenses with flexible repayment options and a fully digital application process, subject to eligibility.


  • Borrow from Rs. 40,000 to Rs. 55 lakh based on your eligibility.
  • Repay the loan over a tenure ranging from 12 months to 108 months.
  • Benefit from interest rates starting from 10% and 30% p.a.
  • Enjoy quick approval, minimal documentation, and no collateral requirement.

Before applying, check your eligibility, compare repayment options, and use an EMI calculator to choose a loan that suits your financial needs.

Getting a Rs. 4 lakh personal loan is easy and convenient. A Rs. 4 lakh loan can help you renovate your home, manage travel, support your business, or cover emergencies, with quick approvals and minimal paperwork.
 

✅  Check your pre-approved loan offer with phone number and OTP → Apply online in 5 minutes → Receive funds within a day*.


Additionally, competitive interest rates make your Rs. 4 lakh personal loan EMIs affordable, ensuring smooth and stress-free repayment.


 

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Why choose a Rs. 4 lakh personal loan?

A Rs. 4 lakh personal loan is a practical financing option for managing planned or unexpected expenses without pledging collateral. It offers flexibility in both usage and repayment, subject to eligibility.


  • Use the loan for home renovation, medical emergencies, travel, education, or other personal needs.
  • Repay comfortably with flexible tenures ranging from 12 months to 108 months.
  • Benefit from a fully digital application process with minimal documentation.
  • Get quick approval and funds within 24 hours* for eligible applicants.

Choosing a suitable loan amount and repayment tenure can help you manage your finances more effectively.

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Features and benefits of Rs. 4 lakh personal loan

  • High loan amount

    Manage both small and large expenses with quick personal loans ranging from Rs. 40,000 to Rs. 55 lakh—perfect for business investments, property purchases, or major life events.

  • Flexi loans

    Make multiple withdrawals from a dropline limit and pay interest only on the withdrawn funds, with our Flexi loans.

  • Pre-approved offers

    You can check if you have a pre-approved offer for a personal loan with just your phone number and OTP – no need to visit the branch.

  • Convenient repayment tenures

    Manage your loan easily with flexible repayment options ranging from 12 months to 108 months, allowing you to choose EMIs that fit your income cycle and budget. Use the Personal Loan EMI Calculator to find the most suitable repayment plan.

  • Approval in just 5 minutes*

    Complete your entire personal loan application online from the comfort of your home or office and get an instant personal loan with lightning-fast approval.

  • Money in account within 24 hours*

    Your bank account will be credited with your loan amount within 24 hours* of approval, or in some cases, on the same day—ideal for urgent business or personal needs.

  • Complete transparency - no hidden charges

    Our fees and charges are mentioned clearly on this page and in all loan documents. We maintain complete transparency, allowing you to make informed financial decisions.

  • No guarantor or collateral needed

    You don't need to provide any collateral such as gold ornaments, property papers, or have someone stand as a guarantor—completely unsecured financing.

*Terms and conditions apply.
 

These features make this one of the best personal loans in India.

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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 ‘CHECK ELIGIBILITY’ on this page.
    2. Enter your 10-digit mobile number and the OTP sent to your phone.
    3. Check if you have an offer. If not, fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
    4. Now, click on ‘PROCEED’ to visit the loan selection page.
    5. Enter the offer or loan amount that you need. Choose from our personal loan variants.
    6. Choose the repayment tenure and click on ‘PROCEED’.
    7. Complete your KYC and submit your application.
       

    Our representative will contact you for further steps.


     

    Check your eligibility for personal loan using just mobile number and OTP – 100% online process.

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Eligibility criteria of personal loan for Rs. 4 lakh

NationalityIndian
Age21 years to 80 years
Employed withPublic, private, or MNC.
CIBIL Score650 or higher.
Customer profileSelf-employed or Salaried

*You should be 80 years or younger, at the end of the loan tenure.


To check your eligibility easily, use our personal loan eligibility calculator online.

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Documents required for a Rs. 4 lakh personal loan

To apply for a personal loan of Rs. 4 lakh, you'll need to submit a few essential documents.

Documentation requirements for a Bajaj Finance Personal Loan are minimal. Five document categories are required at the time of application:


Document CategoryAccepted Options
KYC proofAadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
Identity proofPAN card, Real-time image / photograph
Employment proofEmployee ID card, Letter of Allotment of Accommodation Issued by Employer
Income proofSalary slips — last 3 months, Bank account statements — last 3 months
OthersPension order, Utility bill, Phone bill, Piped gas bill, Property / Municipal tax receipt


 

Know more about the personal loan documents required during application.

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Rs. 4 lakh personal loan EMI for up to 5 years

The EMI for a Rs. 4 lakh personal loan depends on the interest rate and repayment tenure you choose. A longer tenure generally reduces your monthly EMI but increases the total interest paid over the loan term. The table below provides an illustrative EMI calculation for a Rs. 4 lakh personal loan at an annual interest rate of 10%. Actual EMI amounts may vary depending on the applicable interest rate and your loan terms.


TenureApproximate EMI at 10% p.a.
1 yearRs. 35,166
2 yearsRs. 18,458
3 yearsRs. 12,907
4 yearsRs. 10,145
5 yearsRs. 8,499

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Personal loan interest rates for Rs. 4 lakh

When you apply for a personal loan 4 lakh, you can enjoy competitive interest rates and flexible repayment options. The personal loan interest rate for a Rs. 4 lakh personal loan typically ranges from 10% to 30%, based on your eligibility and credit profile.


Use the personal loan interest rate calculator to estimate your Rs. 4 lakh personal loan EMI and plan your repayments efficiently.

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What factors affect approval for a Rs. 4 lakh personal loan?

Approval for a Rs.  4 lakh personal loan depends on your overall eligibility and credit profile, not just your loan amount. Lenders evaluate multiple factors before deciding whether to approve your application and determine the applicable loan terms.


  • Your age, income, and employment status.
  • Your CIBIL score and repayment history.
  • Existing loan obligations and debt-to-income ratio.
  • Accuracy and completeness of the required documents.
  • Compliance with the lender's eligibility criteria and verification process.

Meeting these requirements can improve your chances of qualifying for a Rs. 4 lakh personal loan on suitable terms.

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Why choose Bajaj Finance for your Rs. 4 lakh loan?


A Rs. 4 lakh personal loan from Bajaj Finance offers a convenient and fully digital borrowing experience for eligible applicants. With flexible loan features, quick processing, and a simple application journey, it can help you manage planned or unexpected expenses with ease.


  • Simple online application process with minimal documentation.
  • Flexible repayment options to suit different financial needs.
  • Competitive interest rates based on eligibility and credit profile.
  • No collateral or guarantor required.
  • Quick approval and fast disbursal for eligible applicants.
  • Transparent fees and charges with no hidden costs.

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Key offerings: 3 loan types

  • Flexi Hybrid Term Loan
  • Flexi Term (Dropline) Loan
  • Term Loan

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    You can pay interest-only EMIs for up to 36 months, after which, the EMI will consist of both, the principal and the interest. EMI is applicable only on the withdrawn amount.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest on the loan amount you withdraw.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Amount disbursed in one go
    The entire loan amount is disbursed at the start.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest.

  • Flexi facility charges
    No Flexi facility charges.

Personal loan interest rate and applicable charges

Type of fee

Applicable charges

Rate of interest per annum

10% to 30% p.a.

Processing fees

Up to 3.93% of the loan amount (inclusive of applicable taxes).

Flexi Facility Charge

Term Loan – Not applicable

Flexi Loans –Up To Rs 1,999 To Up To Rs 18,999/- (Inclusive Of Applicable Taxes)

Will be deducted upfront from loan amount.

Bounce charges

Rs. 700 to Rs. 1,200/- per bounce

“Bounce charges” shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason.

Part-prepayment charges

Full Pre-payment:

  • Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment

  • Flexi Term (Dropline) Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

  • Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

Part Pre-payment

  • Up to 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment.

  • Not Applicable for Flexi Term (Dropline) Loan and Flexi Hybrid Term Loan.

Penal charge

Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

Stamp duty (as per respective state)

Payable as per state laws and deducted upfront from loan amount.

Annual maintenance charges

Term Loan: Not applicable

Flexi Term (Dropline) Loan:

Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges.


Flexi Hybrid Term Loan:

Up to 0.472% (Inclusive Of Applicable Taxes) Of The Dropline Limit During Initial Tenure. Up to 0.295% (Inclusive Of Applicable Taxes) Of Dropline Limit During Subsequent Tenure

Credit guarantee scheme feeUp to 1.18% p.a. (pro-rated daily till 31st March) (inclusive of all applicable taxes) of the loan amount
Credit guarantee scheme renewal feeUp to 1.18% p.a. (inclusive of all applicable taxes) on the outstanding loan amount as on April 01 of the subsequent Financial Year.
*Renewal Fee to be collected only for 3 subsequent financial years.
 
**If the Remaining Tenure is less than 12 months, the CG Fee in subsequent years shall be charged prorated.

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Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.
For customer support, call Personal Loan IVR: 7757 000 000