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Rs.4 Lakh Personal Loan
Fincover is the place that provides wings to your dreams. Get personal loan upto Rs. 4 Lakhs with ease and fulfil your commitments easily.
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Personal Loan of Rs.4 Lakh
Get personal loan of Rs. 4 lakhs and get the financial flexibility you deserve. Whether it’s pursuing higher education, planning a grand celebration, or simply taking charge of unexpected expenses, you can fulfil it through personal loan of Rs. 4 Lakhs. Say hello to a world of possibilities. Embark on a journey towards financial freedom.
Features and Benefits of Rs. 4 Lakh Personal Loan
- Generous Loan Amount: Secure up to 4 lakhs to meet your diverse financial needs.
- Quick Approval: Swift and hassle-free approval process to get you the funds when you need them the most.
- Flexible Repayment Plans: Tailor-made plans that align with your financial goals and lifestyle.
- Competitive Interest Rates: Enjoy attractive interest rates, ensuring a pocket-friendly repayment experience.
- No Collateral Required: Unsecured loans mean no pledging of assets. You do not have to keep any collateral for the same
- Transparent Process: No hidden fees or surprises. Get your loan credited in a transparent manner
Bank Interest rates for Rs.4 Lakh Personal Loan
Banks
| Institution | Interest rates | Loan amount |
| HDFC | From 10.5% | Upto 40 Lakhs |
| Axis Bank | From 10.49%` | Upto 40 Lakhs |
| ICICI bank | 10.75%-19% | Upto 40 Lakhs |
| Bank of Baroda | 10.75% – 18.5% | Upto 5 Lakhs |
| SBI | From 11% | Upto 30 Lakhs |
| IndusInd | From 10.49% | Upto 50 Lakhs |
| Yes Bank | From 10.99% | Upto 40 Lakhs |
| Standard Chartered | From 11.5% | Upto 50 lakhs |
| IDFC | From 10.49% | Upto 50 Lakhs |
| Kotak Mahindra | From 10.99% | Upto 40 Lakhs |
| PNB | From 11.40% | Upto 20 Lakhs |
| Bandhan bank | From 11.55% | Upto 25 Lakhs |
NBFCs Interest rates for Rs.4 Lakh Personal Loan
NBFCs
| Institution | Interest rates | Loan amount |
| Tata Capital | From 10.99% | Upto 35 Lakhs |
| InCred | From 18% | Upto 3 Lakhs |
| Finnable | From 16% | Upto 10 Lakhs |
| PaySense | From 16.8% | Upto 5 Lakhs |
| Poonawalla | From 9.99% | Upto 30 Lakhs |
| Fullerton | From 11.99% | Upto 25 Lakhs |
| LendingKart | From 12% | Upto 3 Lakhs |
| Axis Finance | From 13% | Upto 25 Lakhs |
| L&T Finance | From 12% | Upto 7 Lakhs |
| Mahindra Finance | From 10.99% | Upto 10 Lakhs |
| Aditya Birla | From 11.99% | Upto 50 Lakhs |
| Bajaj Finance | From 11% | Upto 50 Lakhs |
Rs.4 Lakh Personal Loan EMI for up to 5 Years
Loan Amount: Rs.4 Lakh
ROI: 10.5%
| Tenure | EMI amount at Interest rate of 10.5% |
| 1 year | Rs.35259 |
| 2 years | Rs.18550 |
| 3 years | Rs.13000 |
| 4 years | Rs.10241 |
| 5 years | Rs.8597 |
| 6 years | Rs.7511 |
| 7 years | Rs.6744 |
Eligibility Criteria for 4 Lakh Personal Loan
- Age: Minimum age 21 years, maximum age 65 years at loan maturity (some lenders may have different age requirements).
- Citizenship: Indian resident.
- Employment: Salaried individual employed with a public, private, or MNC company, or self-employed professional/businessman with a stable income.
- Minimum Income: Minimum monthly income required varies depending on the lender, but generally around ₹15,000 to ₹20,000.
- Credit Score: Good credit score (generally above 700) for better interest rates and loan approval chances.
Documents Required for 4 Lakh Personal Loan
Basic Documents:
- Proof of Identity (POI): PAN Card, Voter ID, Aadhaar Card, Passport, etc. (at least one)
- Proof of Address (POA): Aadhaar Card, Passport, Driving License, Utility bills (electricity, water, etc.), rental agreement, etc. (at least one)
Income Proof:
Salaried individuals:
- Salary slips for the last 3 months
- Form 16 for the last 2 years
- Bank statements for the last 6 months
- Appointment letter
- Company ID card
Self-employed individuals:
- Income Tax Returns (ITR) for the last 3 years
- Bank statements for the last 6 months
- Business registration documents
- Licenses
- Proof of business ownership
Additional Documents:
- Guarantor documents: If the lender requires a guarantor, they will need to provide their POI, POA, and income proof documents.
- Property papers: If you are offering collateral for the loan, you will need to provide the property papers.
Why choose Fincover for Personal Loan?
- Speedy Approvals: Get a ‘yes’ when you need it, without unnecessary delays. We have tie ups with all leading banks and NBFCs, so you are spoilt for chances
- Customer-Centric Approach: Your satisfaction is our priority. Expect personalized solutions and dedicated support. You can always reach us anytime through support channels (mail/call/chat)
- Transparent Communication: No jargon, no hidden terms. We believe in keeping you informed every step of the way.
- Secure and Confidential: Your data is your business. We ensure you’re the complete safety of your personal and business data.
- Personalized Assistance: Need help? Our dedicated team is just a call away. Our team would be supportive to you from application to disbursing
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