4 Lakh Loan EMI Calculator
Avail a personal loan up to Rs 4 Lakh instantly with minimal documents and a quick approval process. It is like a perfect solution for emergencies, education, or renovating your home. With a minimum income of Rs 15,000, this loan is available for both salaried and self-employed people. You can choose the repayment method that works best for you with a maximum repayment tenure of 36 months which allows you to manage your EMIs easily. The interest rate is at 19% per annum, which is competitive and thus makes your EMIs affordable. Apply now and get fast approval for your financial needs!
Need a 4 Lakh Personal Loan? At Hero FinCorp, we know that the journey of life is never smooth, and sometimes you need a financial push to reach your destination. Our instant loan facilities are customised to fit your needs, be it education, wedding, or medical expenses, make your dreams a reality. Get the benefit of hassle-free application, attractive interest rates, and quick confirmation. Get approved instantly by applying online now.
The smaller EMIs will be easily manageable if you take a Rs 4 Lakh loan for 3 years. Nonetheless, if you get a Rs 4 lakh personal loan for a shorter period, the EMI amount will go up, and you will be required to check your monthly budget to see if you can accommodate it comfortably.
A personal loan emi calculator enables you to figure out the EMIs for different loan periods and choose the one that fits your budget. For example, if you take out a personal loan at an interest rate of 19% per annum, the EMIs for Rs 4 lakh personal loan for different loan terms are as follows:
| Loan Amount (Rs) | Tenure (in Months) | Interest Rate* (per annum) | Monthly EMI (Rs) | Total Interest | Total Amount Payable (Rs) |
| 4,00,000 | 12 | 19% | 36,863 | 42,356 | 4,42,356 |
| 4,00,000 | 18 | 19% | 25,713 | 62,834 | 4,62,834 |
| 4,00,000 | 24 | 19% | 20,163 | 83,912 | 4,83,912 |
| 4,00,000 | 30 | 19% | 16,853 | 1,05,590 | 5,05,590 |
| 4,00,000 | 36 | 19% | 14,662 | 1,27,832 | 5,27,832 |
Disclaimer: The EMI calculations provided are approximations, and actual figures may differ.
Hero FinCorp has a vast range of personal loans that cover various needs. Understand their main features and benefits to make an informed decision.
Get a loan of Rs 4 Lakh to fulfil your dreams or tackle any emergency or moment of crisis.
Hero FinCorp’s Rs 4 Lakh Personal Loan interest rate depends on income, repayment capability, and financial obligations.
We offer a personal loan of Rs 4 Lakh that is completely collateral-free and does not require a guarantor approval for the loan.
The borrowers are free to choose a loan tenure of up to 36 months, considering their repayment ability.
Hero FinCorp ensures a hassle-free borrowing experience, quickly crediting your approved loan amount to your bank.
Hero FinCorp provides unsecured personal loans for salaried and self-employed individuals. Check your personal loan eligibility criteria and apply for a Rs 4 Lakh loan based on your financial needs.
You must be between 21 to 58 years of age.
Indian citizens can apply for a Rs 4 Lakh Personal Loan at Hero FinCorp.
For salaried employees, the minimum work experience required is 6 months, and it is 2 years in the case of self-employed.
The monthly salary of Rs 15,000 is required.
At Hero FinCorp, we have minimal documentation requirements, ensuring a smooth borrowing process. The documents required for a personal loan of Rs 4 Lakh vary for salaried and self-employed individuals. Here’s a quick guide.
Duly filled application form, Passport-size photograph
Driving License, Passport, PAN Card, Aadhaar Card (Any One)
Driving License, Passport, Aadhaar Card, Ration Card, Utility Bill (Any One)
Residence Ownership Proof (Electricity Bill, Maintenance Bill, Property Document)
Last 6 Months Salary Slips, Bank Statements, and Form 16
Duly filled application form, Passport-size photograph
Driving License, Passport, PAN Card, Aadhaar Card (Any One)
Driving License, Passport, Aadhaar Card, Ration Card, Utility Bill (Any One), Office Address Proof (if applicable)
Business Existence Proof (Tax Registration, Shop Establishment Proof, Company Registration Certificate)
Last 6 Months' Bank Statements and ITR for 2 Years
Hero FinCorp provides personal loan interest rates that are competitive and are based on repayment capacity, income, and DTI ratio. Maintain a high credit score to secure the lowest rates with minimal additional charges.
| Fees & Charges | Amount Chargeable |
|---|---|
| Interest Rate | Starting from 1.58% per month |
| Loan Processing Charges | Minimum 2.5%+ GST |
| Prepayment Charges | N.A. |
| Foreclosure Charges | 5% + GST |
| EMI Bounce Charges | Rs 350/- |
| Interest on Overdue EMIs | 1-2% of the loan/EMI Overdue Amount Per Month |
| Cheque Bounce | Fixed Nominal Penalty |
| Loan Cancellation | 1. Online loan app does not charge any cancellation charges |
| 2. Interest amount paid is non-refundable | |
| 3. Processing charges are also non-refundable |
Planning a world trip or organising your dream wedding? Borrow Rs 4 Lakh personal loan and fulfil all your wishes or manage emergencies. The following are the steps to avail a personal loan with Hero FinCorp:
Visit the Hero FinCorp website or install the personal loan app
Go to the personal loan page and click ‘apply now’
Enter your mobile number and verify with the OTP received
Choose the loan amount you need
Verify your KYC details to check income eligibility
Click ‘Submit’ to complete your application
4 Lakh Personal Loan can be utilised in various ways such as:
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*EMI Payment: Refer to our T&Cs here*
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