Get a Rs 4 lakh personal loan online at Hero FinCorp and manage your financial needs effortlessly. Enjoy 10-minute approval with competitive interest rates.
Calculate Personal Loan EMI
When there is an instant cash requirement for any planned or unplanned need, a Personal Loan of Rs 4 lakh can help you. Whether you need money for purchasing any gadget or appliance, managing a medical emergency or urgent travel expenses, you can apply for an online loan of Rs 4 Lakh through the Hero FinCorp website or app. You can get approval within 10 minutes with competitive interest rates, flexible repayment options (12-36 months) and zero documentation. Before applying, check your eligibility, and maintain a good credit score.
You can apply for a personal loan through an online process, which can be a quick solution to many emergencies. Here is why a personal loan for Rs 4 lakhs from Hero FinCorp is the right choice.
1. Flexible Loan Options: Choose any loan amount between Rs 50,000 and Rs 5 Lakhs.
2. Paperless Application Process: You can apply digitally in just a few easy steps.
3. Quick Confirmation: You can get approval for personal loans in 10 minutes without long waiting periods.
4. Flexible Repayment: You can choose a repayment plan that is flexible, starting from 12 to 36 months.
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.
| Criteria | Requirement |
|---|---|
| Age | You must be between 21 to 58 years of age. |
| Citizenship | Indian citizens can apply for a Rs 4 Lakh Personal Loan at Hero FinCorp. |
| Work Experience | For salaried employees, the minimum work experience required is 6 months, and it is 2 years in the case of self-employed. |
| Monthly Income | The monthly salary of Rs 15,000 is required. |
Getting a personal loan of Rs 4 Lakh is quick and hassle-free, without the need to upload any documents. However, during the application process, you should keep the following documents handy to ensure instant verification through a 100% digital process:
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 |
Applying for a loan with a low interest rate is very simple. Just follow the easy steps mentioned below, and complete your online application:
Visit the Hero FinCorp website or download the personal loan app.
Go to the instant personal loan section and click ‘apply now’.
Enter your mobile number. Register yourself by submitting the OTP received.
Select the desired loan amount.
Complete your KYC verification. Check the income eligibility.
Click ‘Submit’ to finish your application.
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*Approval & Agreement: Loan approval is at Hero FinCorp's discretion. By applying, you agree to our Terms & Conditions, Privacy Policy, and Loan Agreement.
*Data Use: You consent to electronic processes and data use for loan assessment, as per our Privacy Policy.
*Security: Keep your account and device secure. Report our customer care for unauthorized activity immediately.
*Grievances: For concerns, refer to our Grievance Redressal Policy.
*EMI Payment: Refer to our T&Cs here*
*RBI Mandate: RBI requires transparent disclosures. Learn more from RBI.