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How to Get a Personal Loan of 4 Lakh on Aadhaar Card?

4 lakh loan on aadhar card

With minimal documentation requirements, including your Aadhaar card, and a straightforward application procedure, Hero FinCorp ensures a hassle-free experience. 

The eligibility criteria are simple, making it accessible for individuals needing substantial financial support urgently. Expect quick approvals and direct disbursal to your bank account, ensuring immediate access to your 4 Lakh loan. 

Hero FinCorp's solution empowers you to address your financial needs efficiently, all through the power of your Aadhaar card.

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Benefits of a 4 Lakh Loan on an Aadhaar Card

When you opt for a 4 Lakh loan on your Aadhaar card through Hero FinCorp, you can access a world of financial convenience and adaptability. Explore the benefits:

  • Flexible Loan Amount: The 4 Lakh loan empowers you to address various financial needs, be it home improvement, higher education, debt consolidation, or other needs.
  • Collateral-Free Loans: Hero FinCorp's unsecured loans spare you from security or collateral requirements.
  • Attractive Interest Rates: Instant loans come with competitive interest rates, starting at 11%, making the loan costs more affordable.
  • Flexible Repayment Term: A 4 Lakh loan comes with flexible repayment tenures of up to 60 months, enabling you to choose a tenure as per your financial situation.
  • 24-Hour Disbursal: Expect rapid loan approval and disbursal within 24 hours, ensuring immediate access to your 4 Lakh loan amount.

Also, Read: How to Get a Personal Loan of 5 Lakh on Aadhaar Card?

Eligibility Criteria for 4 Lakh Loan on Aadhaar Card

  • Citizenship & Age: Indian citizenship and an age range of 21 to 58 years.
  • Occupation: Available for both salaried and self-employed individuals.
  • Work Experience: Salaried individuals need at least six months of employment, while self-employed individuals require a minimum of 2 years of business experience.
  • Maximum Loan Tenure: Enjoy a flexible repayment tenure of up to 60 months.
  • Maximum Loan Amount: Apply for a loan of up to Rs 4 lakh.
  • Monthly Income: Maintain a minimum monthly income of Rs 15,000 to meet the eligibility criteria.

Interest Rates and Other Charges of 4 Lakh Loan on Aadhaar Card

Understanding the interest rates and related charges is important when contemplating an 4 Lakh loan on an Aadhaar Card. Let's delve into these financial aspects in detail:

Fees & Charges Chargeable Amount

Interest Rate

Minimum 11% 

Processing Fee

2.5% to 3.5%

Part-payment charges

NA

Foreclosure Charges

5% + GST

EMI Bounce Charges

Rs 350/-

Personal Loan EMI of 4 lakh: Tenure 1-5 Years

When considering taking a 4 Lakh personal loan, you can choose how long you want to pay it back, from 1 year to 5 years. To determine how much you'll pay each month, see the details below.

Loan Amount (Rs.) Tenure (Years) Interest Rate (%) Monthly EMI (Rs.)

4,00,000

1

11%

35,353

4,00,000

2

11%

18,643

4,00,000

3

11%

13,095

4,00,000

4

11%

10,338

4,00,000

5

11%

8,697

How to Apply for 4 Lakh Loan on Aadhaar Card?

If you require an 4 Lakh loan using an Aadhaar Card, Hero FinCorp has streamlined the application process:

  1. Download the Hero FinCorp Personal Loan App or go to their official website.
  2. Create an Account or Log In: Make a new account or access if you already have one.
  3. Loan Application: Apply for a loan by providing your personal and financial details, along with the desired loan amount and preferred repayment duration.
  4. Documents: Upload required documents online.
  5. Submit Your Application: Submit your loan application after finishing everything..
  6. Approval Process: Hero FinCorp will carefully examine your application.
  7. Loan Disbursal: After you agree to the loan, the money will be sent to your account. 

The Hero FinCorp Personal Loan App offers a smooth and fast application process for a 4 Lakh Aadhaar Card Loan.

Also, Read: How to Get a Personal Loan of 3 Lakh on Aadhaar Card?

Conclusion 

You can get an 4 Lakh loan on your Aadhaar card through the Hero FinCorp website or loan app. The online application process, minimal documentation requirements, quick processing time and instant approvals make instant loans a hit among salaried and self-employed applicants.

So what are you waiting for? Apply for a 4 lakh loan on an Aadhaar card from Hero FinCorp and get quick access to cash you can use for any legal purpose. 

Frequently Asked Questions

1. What is a 4 Lakh loan on an Aadhaar card?

A 4 Lakh loan on an Aadhaar card is a Personal Loan that allows you to borrow up to Rs. 4 Lakh based on your Aadhaar card and meeting specific eligibility criteria.

2. How long does it take to get approval for a 4 Lakh Aadhaar card loan?

Hero FinCorp approves a 4 Lakh Aadhaar card loan within 24 hours, subject to document verification and meeting eligibility requirements.

3. Are 4 Lakh Aadhaar card loans secure and reliable?

Yes, 4 Lakh Aadhaar card loans from reputable lenders like Hero FinCorp are secure and reliable, providing a trusted financial solution.

4. Can I get more than one 4 Lakh loan on an Aadhaar card?

The possibility of obtaining multiple 4 Lakh Aadhaar card loans depends on your creditworthiness and the lending institution's policies. However, it's crucial to manage your loans responsibly.

5. What happens if I default on a 4 Lakh Aadhaar card loan?

Defaulting on a 4 Lakh Aadhaar card loan can harm your credit score and may lead to legal actions by the lender. To avoid such consequences, it's advisable to repay loans on time.

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Did You Know

Disbursement

The act of paying out money for any kind of transaction is known as disbursement. From a lending perspective this usual implies the transfer of the loan amount to the borrower. It may cover paying to operate a business, dividend payments, cash outflow etc. So if disbursements are more than revenues, then cash flow of an entity is negative, and may indicate possible insolvency.

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