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
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.
Instant Approval in 10 Minutes
Minimum Salary Required Rs 15K
Tenure up to 36 Months
Calculate Personal Loan EMI
Get a Personal Loan of Rs 4 Lakh with Quick Approval
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.
Why Choose Hero FinCorp for a Personal Loan of Rs 4 Lakh?
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 lakh 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.
Rs 4 Lakh Personal Loan - EMI Options for 1 Year to 3 Years Tenure
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.
| Loan Amount (Rs) | Tenure (In Year) | Interest Rate* (per annum) | Monthly EMI (Rs) | Total Interest | Total Amount Payable (Rs) |
| 4,00,000 | 1 Year | 19% | 36,863 | 42,356 | 4,42,356 |
| 4,00,000 | 1.5 Year | 19% | 25,713 | 62,834 | 4,62,834 |
| 4,00,000 | 2 Year | 19% | 20,163 | 83,912 | 4,83,912 |
| 4,00,000 | 2.5 Year | 19% | 16,853 | 1,05,590 | 5,05,590 |
| 4,00,000 | 3 Year | 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 has a vast range of personal loans that cover various needs. Understand their main 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 capability, and financial obligations.
Collateral-Free
We offer an instant loan of Rs 4 Lakh that is completely collateral-free and does not require a guarantor approval for the loan.
Flexible Repayment Tenure
The borrowers are free to choose a loan tenure of up to 36 months, considering their repayment ability.
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.
| Criteria | Requirement |
|---|---|
| Age | You must be between 21 to 58 years of age. |
| Citizenship | Indian citizens can apply for an instant loan of Rs 4 lakh 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. |
List of Documents Required for a Personal Loan of Rs 4 Lakh
Getting a Rs 4 Lakh instant loan 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:
- PAN Card
- Aadhar Card
Personal Loan Interest Rates & Charges for Rs 4 Lakh Loan
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 |
How to Apply for a Personal Loan of Rs 4 Lakh?
Applying for a loan with a low interest rate is very simple. Just follow the easy steps mentioned below, and complete your online application:
- 1
Visit the Hero FinCorp website or download the personal loan app.
- 2
Go to the instant personal loan section and click ‘apply now’.
- 3
Enter your mobile number. Register yourself by submitting the OTP received.
- 4
Select the desired loan amount.
- 5
Complete your KYC verification. Check the income eligibility.
- 6
Click ‘Submit’ to finish your application.
Uses of Personal Loan of Rs 4 Lakh
An instant loan of Rs 4 lakh can be utilised in various ways, such as:
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Frequently Asked Questions
You can get a personal loan of up to Rs 4 lakh by visiting our website or downloading our loan app, filling out the online application form, and submitting the required information.
You can get quick approval within 10 minutes by applying through the Hero FinCorp loan app or website.
At Hero FinCorp, our loan application process can offer you the fastest Personal Loan approval. If you meet the eligibility criteria and apply online, you can get approval within 10 minutes.
At Hero Fincorp, an Instant Loan of Rs 4 Lakh is collateral-free. You can avail the loan amount without any collateral, security, or guarantor.
Income proof is a mandatory requirement for a Personal Loan. If you do not have any valid income proof, you can use your bank statements or income tax returns for your income to be accepted.
Without a salary slip, it is not possible to apply for a Personal Loan. You can still give alternate proof of income, such as Form 16, income tax returns, or bank statements in case you do not have a salary slip.
At Hero FinCorp, you can apply for a Personal Loan online without needing to submit physical documents. Just provide your KYC details and proof of income to get a Rs 4 Lakh Personal Loan.
Though we give importance to CIBIL score during the evaluation of Personal Loan applications, but you can still get approval if you have a good income and a low DTI ratio.
The EMI for a Rs 4 lakh Instant Loan varies with the interest rate and repayment period. You can use a Personal Loan EMI calculator to find the monthly EMIs by putting in the required variables.
The EMI of Rs 4 Lakh loan for 3 years is dependent on the interest rate. For example, it will be Rs 14,662 if the interest rate is 19% p.a.
Disclaimer
*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.