Personal Loan of 4 Lakh

Applying for a Rs. 4 lakh personal loan is a quick and hassle-free process, as you can do it online...

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Curated offers from 30+ lenders

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Money in your account instantly

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Offers ranked according to eligibility

Digital Process

Hassle-free & paperless

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₹65k Cr+Loans Disbursed

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Valid till 31^st March '26 *T&C Apply

Instant Personal Loan

Get up to ₹50 Lakhs starting at 9.98%

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Google Play Store

4.5_/5

15.5L Reviews

5.7cr+Satisfied Customers

65+Lending Partners

₹65k Cr+Loans Disbursed

Wide Choice

Curated offers from 30+ lenders

Quick Disbursal

Money in your account instantly

SmartMatch

Offers ranked according to eligibility

Digital Process

Hassle-free & paperless

Calculate Your Personal Loan EMI

Select Your Bank

Enter Loan Amount

₹

50K50L

Rate of Interest (Yearly %)

8%30%

Loan Tenure

1Y 10Y

Your Monthly EMI Payment

₹0

Principal Amount₹0

Interest Amount₹0

Total Amount₹0

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HDFC Bank

10 Second Disbursal*100% Digital Process*Quick Disbursal

Max Loan Amt.Upto ₹25L

Rate of Interest9.99% - 12.5%

Tenure upto1-5 Years

Processing Fee₹ 6,500

ICICI Bank

100% Digital Process*Quick Disbursal

Max Loan Amt.Upto ₹25L

Rate of Interest11% - 13%

Tenure upto1-5 Years

Processing FeeUpto 2%

Axis Bank

Low Processing fee

Max Loan Amt.Upto ₹25L

Rate of Interest9.99% - 17.15%

Tenure uptoUpto 6 Years

Processing FeeUpto 2%

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How to Get Rs. 4 Lakh Personal Loan Online

Pre-approved Personal Loans at Paisabazaar

Pre-Approved Personal Loan Interest Rates Available on Paisabazaar

Features & Benefits of Rs. 4 lakh Personal Loan

Why Choose Paisabazaar?

Compare & Choose the Best Offer

Pre-approved Offers with Instant Disbursals

Know Your Chances of Approval

End-to-End Digital Process

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

How to Get Rs. 4 Lakh Personal Loan Online

Before applying for a Rs. 4 lakh personal loan online, you need to check your loan eligibility and compare from multiple loan options as per your financial needs. The chances of your loan approval shall depend upon your credit score, income, employment stability, existing loan obligations, employer’s profile, etc.

Pre-approved Personal Loans at Paisabazaar

Pre-approved personal loans are instant loans offered by banks/NBFCs to its selected customers. At Paisabazaar, we offer pre-approved loans from Federal bank, Aditya Birla Capital, Axis Bank, TATA Capital and many more lenders. If you are a pre-approved customer, then you can avail personal loans at preferential interest rates with no documentation check. Let’s take a look at the interest rates available for pre-approved customers on Paisabazaar.

Pre-Approved Personal Loan Interest Rates Available on Paisabazaar

Interest Rates (p.a.)
Aditya Birla Capital	12.99% onwards
Federal Bank	12.00% onwards
Axis Bank	14.00% onwards
IndusInd Bank	15.00% onwards
Piramal Finance	16.00% onwards
Tata Capital	18.00% onwards
Hero Fincorp	20.00% onwards

Check Personal Loan Offers Based on Your Salary

Personal Loan for ₹25,000 salary Read More Personal Loan for ₹30,000 salary Read More Personal Loan for ₹50,000 salary Read More Personal Loan for ₹60,000 salary Read More Personal Loan for ₹80,000 salary Read More Personal Loan for ₹1,00,000 salary Read More

Features & Benefits of Rs. 4 lakh Personal Loan

Here are the features and benefits of availing a Rs. 4 lakh personal loan on Paisabazaar, typically useful for meeting short-term needs, such as wedding, travel, shopping, or medical emergencies:

Loan Amount: Rs. 4 lakh (may exceed as per requirements)
Interest Rate: 9.98% p.a. onwards
Processing Fees: 0.50% to 4% of the sanctioned loan amount
Repayment Tenure: Up to 6 years
Instant approval and disbursal for pre-approved customers
Pre-payment option: Allowed after minimum 6 months

Avail Personal Loan for
All Your Needs

Benefits of Rs. 4 lakh personal loan

Unsecured loan: No collateral/security required
No End-use restriction, besides speculation activities
Easy Online, paperless and end-to-end digital process
Joint applicant allowed
Quick access to funds
Instant approval and quick disbursal

Interest Rates for Rs. 4 Lakh Personal Loan

Lending institutions offer personal loans at an interest rate of 9.98% p.a. onwards with repayment tenue up to 6 years. To get the exact interest rate for Rs. 4 lakh personal loan, you shall need to check and compare from various lenders offering personal loan for the desired loan amount. The rate of interest offered to you would depend on factors like your credit history, income, employment stability, employer’s profile, etc.

EMI on Rs. 4 Lakh Loan – Example by Tenure

Let's look at the personal loan EMI amounts for various loan tenures (Calculate your EMI before you Apply)

EMI Calculation for Rs. 4 Lakh Loan @10.50% p.a. for Tenure of 1-5 Years.

Tenure	Interest Rates (p.a.)	Loan Amount	EMI	Total Interest	Total Payable
1 year	10.50%	Rs 4,00,000	Rs 35,259	Rs 23,113	Rs 4,23,113
2 years	10.50%	Rs 4,00,000	Rs 18,550	Rs 45,210	Rs 4,45,210
3 years	10.50%	Rs 4,00,000	Rs 13,001	Rs 68,035	Rs 4,68,035
4 years	10.50%	Rs 4,00,000	Rs 10,241	Rs 91,585	Rs 4,91,585
5 years	10.50%	Rs 4,00,000	Rs 8,598	Rs 1,15,854	Rs 5,15,854

Note: The exact personal loan EMI is determined by the lender and will be specified in the loan agreement based on the interest rate, loan amount, and loan tenure.

Eligibility Criteria for Rs. 4 Lakh Personal Loan

Eligibility criteria for a Rs. 4 lakh personal loan shall vary and depends on the lenders, such as banks, NBFCs, or Fintech companies. However, here are the common eligibility factors set by most institutions in India:

Age: Usually between 18 to 60 years
Credit Score: Preferably 750 or above
Employment: Salaried (working with a reputed employer) or Self-employed
Net Monthly Income: Minimum Rs. 15,000 (varies as per geographic location)
Work Experience: Salaried - At least 1 year in current job & Self-employed: Usually, 3 years of business continuity

Documents Required for Rs. 4 lakh Personal Loan

Below stated is a list of basic required documents for a Rs. 4 lakh personal loan in India. These documents are accepted across most Fintech lenders, banks and NBFCs:

Identity Proof: PAN Card, Aadhaar Card, Passport, Voter ID, Driving License
Address Proof: Aadhaar Card, Voter ID, Passport, Utility Bill (Electricity/Water/Gas), Rent Agreement
Income Proof: Salary Slips, Bank Statements, Form 16, Previous Years’ ITR

How to Apply for Rs. 4 Lakh Loan via Paisabazaar

Follow the below mentioned simple steps for applying for a Rs 4 lakh personal loan at Paisabazaar:

Step 1: Visit the official website of Paisabazaar on web or app

Step 2: Enter your mobile number in the application form and enter the received OTP to authenticate

Step 3: Fill in your personal details

Step 4: Select the loan amount as per your requirement

Step 5: Check and compare the loan options available offers various banks and NBFCs

Step 6: Apply for the best-suited personal loan and proceed with the loan formalities

Fees & Charges

Below listed are the common fees & charges you might incur on a Rs. 4 lakh personal loan in India.

Particulars	Charges
Loan Processing Fees	0.50% to 5% of the sanctioned loan amount + GST
Foreclosure/Prepayment Charges	Nil to 4% of the principal outstanding
Loan Cancellation Charges	Rs. 3000 (Approx.) – As per lender
Penal Charges	Usually @ 2% per month; 24% p.a.
Prepayment/Part-prepayment/Foreclosure Charges	Nil – Floating Usually around 2% - 5% on the principal outstanding – Fixed
Documentation Charges	Depends on lender
EMI Bounce charge	Rs. 500 per instance

Note: The above-mentioned fees and charges are basic in nature and shall vary from lender to lender.

Where Can I use Rs. 4 Lakh Personal Loan

You can use Rs. 4 lakh personal loan for various purposes, such as buying gadgets and appliances, wedding expenses, medical emergencies, home renovation, education, debt consolidation, etc. The availed personal loans come with No End-Use Restrictions, however cannot be used for speculative activities.

Check Personal Loan Offers in Your City

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How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Explore Our Personal Loan Lenders

Avail Personal Loan for
All Your Needs

FAQs

The total interest you need to pay on a Rs. 4 lakh personal loan depends on three main factors, such as loan interest rate, loan tenure and EMI frequency.

Assuming the personal loan interest rate of 10.50% p.a., your EMI on Rs. 4 lakh for 5 years shall be Rs. 8,598. The total interest payable will be Rs. 1,15, 854 and total payment (principal amount + interest) will be Rs. 5, 15, 854.

Usually, banks/NBFC/Fintech lenders do require your identity, address and income proofs before loan approval. However, if you are a pre-approved customer of a respective lender, then you are not required to furnish any document(s).

To qualify for a Rs. 4 lakh personal loan, your CIBIL score plays a crucial role in determining your eligibility. Therefore, the lenders generally prefer an ideal CIBIL score of 750 or above.

Banks and NBFCs offer personal loans at competitive interest rates. However, the exact interest rate for your personal loan shall depend on factors, such as your credit score, income, employment status, and relationship with the bank.

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What our customers say

My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

Kokil BarnwalFeb 12, 2026

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

Puja DanuJan 22, 2026

Sabse jada helpful log the yaha

Maine bht jagah try kiya tha personal loan ka, yaha try kiya toh helpful log mille. Har steps mai aram se samjhaya or usse muhje loan lene mai jda dikkat nhi aayi.

Anuradha GuptaJan 21, 2026

Best Advisor for Personal Loan

I would like to share my feedback regarding my recent interaction with Mr. Vipin Singh (employee id EW12967) After discussing the financial matters with him, I felt very satisfied with his approach and professionalism. He explained everything clearly, handled the discussion patiently, and ensured that all concerns were addressed effectively. His communication skills, positive attitude, and dedication towards his responsibilities truly reflect his commitment to the organization.

20th Jan 2026Jan 20, 2026

Meri shaddi thi

Shadi mai bht kharche hote hai. Maine shaddi ke liye personal loan paisabazaar se liya tha. Process smooth tha or interest bhi sahi milla.

Sadia KhatunJan 15, 2026

Perfect for Loan Solutions

Recently I had a conversation with Mr. Harsh ji. Thanks Mr. Harsh ji for providing a better solution in a very short period of time with very nice behaviour. Thank You very much.

Amit ChahalJan 15, 2026

Travel ke liye personal loan liya tha

Mai bohot din se out of India ghumne jana chahti thi lekin jab jane ka time mila toh budget kaam padh raha tha, Paisabazaar se personal loan leke bht acha trip kiya. Maza agaya. Mere upar koi burden bhi nhi padha

Tarini RoyJan 14, 2026

Easy personal loan available

Took personal loan. Good experience.

Ruchika TiwariJan 14, 2026

Stress-free Laon Borrowing Process

There was a complication with my KYC verification. Paisabazaar’s Shazeb handled it swiftly and professionally. He ensured that I received regular updates, explained the resolution steps clearly, and most importantly, resolved the issue quickly. His prompt assistance and communication made the entire experience smooth and stress-free. Thanks to his efforts, the loan process was completed without further delays.

Abhishek ThakuraJan 14, 2026

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Written By

Vandana Punj

Reviewed By

Shamik Ghosh

Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners

*Applicable for selected customers

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