High Loan Amount
Get a loan of Rs 4 Lakh to fulfil your dreams or tackle any emergency or moment of crisis.
Rs 4 Lakh Personal Loan
Instant Approval in 10 Minutes
Minimum Salary Required Rs 15K
Tenure up to 36 Months
Personal Loan EMI Calculator
Get a Rs 4 Lakh Personal Loan Instantly
Get a Personal Loan of up to Rs 4 Lakh instantly with minimal documentation and quick approval. Whether it's for emergencies, education, or home renovation, you can secure the funds you need hassle-free. With a minimum income requirement of just Rs 15,000, this loan is accessible to both salaried and self-employed individuals. Enjoy flexible repayment with a tenure of up to 36 months, allowing you to manage your EMIs conveniently. The interest rate starts at 19% per annum, ensuring manageable EMIs. Apply now and get fast approval for your financial needs!
Why Opt for a Personal Loan of Rs 4 Lakh?
Need a 4 Lakh Personal Loan? At Hero FinCorp, we understand that life's aspirations often require a financial boost. Whether it's realising your educational goals, planning a dream wedding, or managing medical expenses, our Personal Loans are designed to make your dreams come true. Experience seamless application, competitive interest rates, and swift approvals. Apply online now and get instant approval.
EMI for Personal Loan of Rs 4 Lakh for up to 3 Years
If you borrow a Rs 4 Lakh loan for 3 years, the EMIs will be smaller and easily manageable. However, if you take a Personal Loan of Rs 4 Lakh for a shorter term, the EMI amount will increase, and you will need to evaluate your monthly budget to accommodate it conveniently.
A personal loan emi calculator helps calculate EMIs for various loan terms, based on which you can select a tenure with EMIs you can easily afford. For instance, if you borrow a Personal Loan at a 19% per annum interest rate, the EMI for Rs 4 Lakh Personal Loan for various loan terms will be 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.
Features and Benefits of a Personal Loan of Rs 4 Lakh
Hero FinCorp offers a diverse portfolio of Personal Loans intended for different requirements. Know their most important features and benefits to make an informed decision:
Attractive Interest Rate
Hero FinCorp’s Rs 4 Lakh Personal Loan interest rate depends on income, repayment capacity, and financial obligations.
Collateral-Free
For a Personal Loan of Rs 4 Lakh, we do not ask for any security, collateral, or guarantor for approval.
Flexible Repayment Tenure
Borrowers can select a loan tenure of up to 36 months based on their repayment capacity.
Instant Approval
Hero FinCorp ensures a hassle-free borrowing experience, quickly crediting your approved loan amount to your bank.
Eligibility Criteria of Personal Loan for Rs 4 Lakh
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.
Age
You must be between 21 to 58 years of age.
Citizenship
You must be an Indian citizen to apply for a Rs 4 Lakh Personal Loan at Hero FinCorp.
Work Experience
Minimum work experience for salaried employees is 6 months, and 2 years for self-employed.
Monthly Income
Minimum income requirements of Rs 15,000 per month.
List of Documents Required for a Personal Loan of Rs 4 Lakh
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.
Required Documents for Salaried
Mandatory Documents
Duly filled application form, Passport-size photograph
Identity Proof
Driving License, Passport, PAN Card, Aadhaar Card (Any One)
Address Proof
Driving License, Passport, Aadhaar Card, Ration Card, Utility Bill (Any One)
Ownership Proof
Residence Ownership Proof (Electricity Bill, Maintenance Bill, Property Document)
Income Proof
Last 6 Months Salary Slips, Bank Statements, and Form 16
Required Documents for Self-Employed
Mandatory Documents
Duly filled application form, Passport-size photograph
Identity Proof
Driving License, Passport, PAN Card, Aadhaar Card (Any One)
Address Proof
Driving License, Passport, Aadhaar Card, Ration Card, Utility Bill (Any One), Office Address Proof (if applicable)
Ownership Proof
Business Existence Proof (Tax Registration, Shop Establishment Proof, Company Registration Certificate)
Income Proof
Last 6 Months' Bank Statements and ITR for 2 Years
Personal Loan Interest Rates for Rs 4 Lakh Loan
Hero FinCorp offers competitive personal loan interest rates 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 |
How to Apply for a Personal Loan of Rs 4 Lakh?
Planning for a perfect wedding or travelling around the world? Borrow a Rs 4 Lakh Personal Loan to make all your dreams come true or handle emergencies. Here are the steps to getting a Personal Loan at Hero FinCorp:
- 1
Visit the Hero FinCorp website or install the personal loan app
- 2
Go to the personal loan page and click ‘apply now’
- 3
Enter your mobile number and verify with the OTP received
- 4
Choose the loan amount you need
- 5
Verify your KYC details to check income eligibility
- 6
Click ‘Submit’ to complete your application
Uses of Personal Loan of Rs 4 Lakh
A Personal Loan of Rs 4 Lakh can be used for various purposes, including:
4 lakh personal loan Related Blogs
FREQUENTLY ASKED QUESTIONS
A Rs 4 lakh Personal Loan EMI varies depending on the interest rate and repayment tenure. Use a Personal Loan EMI calculator to calculate the monthly EMIs by entering the necessary variables.
Yes, a Personal Loan of Rs 4 Lakh from Hero FinCorp is collateral-free. You can avail of the loan without any collateral, security, or guarantor.
Visit our website or download our loan app, fill out an online application form, and provide the required information to qualify for a Rs 4 Lakh Personal Loan.
Although we give due importance to the CIBIL score while evaluating Personal Loan applications, you can still get approval if you have a decent income and a low DTI ratio.
At Hero FinCorp, you can apply for a Personal Loan online with physical documents. You just need to provide your KYC details and proof of income to avail of a Rs 4 Lakh Personal Loan.
The EMI for a Rs 4 Lakh loan for 3 years varies according to the interest rate. For instance, it will be Rs 14,662 at an interest rate of 19% per annum.
Income proof is necessary to get a Personal Loan. In case you do not have a valid income proof, you can show your bank statements or income tax returns to prove your income.