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Personal Loan of 4 Lakh

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Valid till 31st May '26 *T&C Apply
Instant Personal Loan

Get up to ₹50 Lakhs starting at 9.98%

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5.7cr+Satisfied Customers
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₹65k Cr+Loans Disbursed
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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 Fee6,500
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 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

Apply Now

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.

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
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Avail Personal Loan for
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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.

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

Apply Now

Avail Personal Loan for
All Your Needs

Avail Personal Loan Banner

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

Smooth & hassle-free loan approval experience

I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

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Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

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Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

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Kirubagaran GanesanFeb 24, 2026

Reliable help when i needed it most

I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

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DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

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BhupendraFeb 18, 2026

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.

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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

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Kokil BarnwalFeb 12, 2026

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

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Riyaj AtarFeb 9, 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.

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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.

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Anuradha GuptaJan 21, 2026
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