For your medium to large expenses that need quick funding, a 4 lakh personal loan can be the ideal solution.
Sufficient amount to meet your financial needs, and EMIs still affordable enough for your wallet!
It takes less than 2 minutes
Simply enter your mobile number to view the best loan offers available to you.
When does a personal loan of 4 lakhs come in handy?
Starting personal loan 4 lakh rates of 9.99% p.a. ensure your EMIs stay within an affordable range.
Get the funds you need without pledging any asset.
Pick a repayment duration between 12 and 84 months, customised for convenience.
Digital processing ensures quick verification and disbursal.
Minimal documentation makes the application and approval hassle-free.
Use the funds as and when needed without any restrictions.
Keep these documents ready when you apply for a 4 lakh personal loan:
The 4 lakh personal loan EMI should be affordable!
| Tenure | 10% p.a. | 12% p.a. | 14% p.a. | 16% p.a. |
|---|---|---|---|---|
| 12 months | ₹35,166 | ₹35,540 | ₹35,915 | ₹36,292 |
| 24 months | ₹18,458 | ₹18,829 | ₹19,205 | ₹19,586 |
| 36 months | ₹12,907 | ₹13,286 | ₹13,671 | ₹14,063 |
| 48 months | ₹10,145 | ₹10,534 | ₹10,931 | ₹11,336 |
| 60 months | ₹8,499 | ₹8,898 | ₹9,307 | ₹9,727 |
Enter the interest rate, select the tenure and view the EMI within seconds.
What to look for? The best rates, flexible tenure, low or no additional charges, and favourable terms!
| Top Banks | Interest Rate | Processing Fee |
|---|---|---|
| HDFC Bank Personal Loan | 9.99% to 24% | ₹6,500 + GST |
| Kotak Bank Personal Loan | 10.99% to 30% | Up to 3% |
| ICICI Bank Personal Loan | 10.45% to 17% | Up to 3% |
| Axis Bank Personal Loan | 9.99% to 22% | Up to 2% |
| SBI Bank Personal Loan | 10.05% to 15.05% | Up to 3% |
Because applying for a 4 lakh instant loan on My Mudra is easy, quick, and convenient!
Submit your application with the right details.
Once the application is reviewed and approved, we will forward your details to the lender best-matching your requirements.
Receive the funds directly into your account and take care of your expenses.
The applicant must be aged between 21 to 65 years and hold residency in India. A credit score of 700 or more improves chances of approval. Salaried individuals have to meet a minimum income and work experience requirement. On the other hand, a minimum annual turnover and business age are set for self-employed applicants.
The 4 lakh personal loan EMI for 5 year depends on the interest rate. The higher the interest rate, the higher the EMI amount can be. For precise details and quick comparisons, use our 4 lakh personal loan EMI calculator.
You can get a 4 lakh personal loan as quickly as within 24 hours.
You can use the Aadhaar and PAN as your identity and address proof. Further income proof and bank statements might be required.
You will find several banks on My Mudra offering quick approval on 4 lakh loans.
The minimum salary requirement for a ₹4 lakh loan is between ₹25,000 and ₹28,000.
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