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Personal Loan

Why Choose a ₹4 Lakh Personal Loan

A ₹4 lakh personal loan is a no-collateral loan designed to offer quick financial support for various needs—be it emergencies, travel, or big purchases. With online platforms, getting an instant loan is now super convenient. You can apply in just a few taps, submit basic documents like your PAN and Aadhaar, and get quick approval. Plus, flexible EMI options ensure repayment fits your budget. Whether you’re planning something big or handling unexpected expenses, a ₹4 lakh instant loan can be your go-to solution for fast, hassle-free funds. Let’s read further to understand how to get  ₹4 lakh personal loan instantly.

Features and Benefits for Taking 4 lakhs Personal Loan

Taking a personal loan means avoiding a lengthy application process & waiting days to get approved. But that’s not it. For reference, here are few features and benefits for taking 4 lakhs personal loan from us:

Collateral-Free Loans

Collateral Free Loan

We offers unsecured personal loans so you can enjoy the convenience of instant cash loan without having to give any collateral. This means you don’t have to pledge any of your assets to get access to the cash you need.

Flexible repayment options

Flexible Repayment Options

With us, the flexibility of borrowing doesn’t end after you receive the cash in your account. You can get a ₹4 lakh Personal Loan & repay it in 6, 9 or 12 EMIs.

Loan Disbursement

Instant Approval & Quick Disbursal

Get instant loan from us where you can get approved for a personal loan in less than 60 seconds and have the money in your account on the same day!

Competitive Interest Rate

Competitive Interest Rates

Get the best interest rate on your personal loan based on your credit score. We offers interest rates starting at as low as 1.5% per month.

Loans Without Documentation

No Documentation or Paperwork

You don’t have to upload any document to complete your application on us. Just submit your PAN & Aadhaar number along with other basic details and get a ₹4 lakh Loan instantly.

₹4 Lakh Loan EMI Calculator

Loan Amount (in rupee)

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  • 3000
  • 5L

Interest Rate (%)

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  • 6
  • 38

Loan Term (in months)

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  • 3
  • 72
calculator

Your EMI is

₹ 0.00

Total Interest

₹ 0.00

Total Amount Payment

₹ 0.00

How to Calculate a ₹4 Lakh Personal Loan EMI?

When you calculate 4 lakh personal loan emi for different tenures by personal loan EMI calculator, you can choose a repayment plan that suits your budget and even compare loan offers across various lenders.

This is the formula to calculate your ₹4 lakh personal loan EMI.

E = 400000 x R x (1+R)^N / [(1+R)^N-1], where

E is your personal loan EMI amount

R is the monthly interest rate

N is the no. of months of EMI payment

You can either use this formula or use our ₹4 lakh loan personal loan EMI calculator.

What-is-personal-loan-repayment

Documents Required For ₹4 Lakh Personal Loan

Complete your loan application process without any required document uploads or paperwork. This is all that you will need:

Proof of Photo Identity

After you get approved, complete a selfie verification to complete your KYC & get your loan offer. Since this is real-time photo verification, you don’t need to upload any documents.

Mandatory Documents

You will have to enter your PAN & Aadhaar number to get a loan offer & to complete your KYC. (Physical copy not required)

Proof of Income (Optional)

If you want to apply for a higher loan limit, get approved for an increased limit just by uploading your bank statement for the last 4 months.

Eligibility Criteria for ₹4 Lakh Personal Loan

Some basic eligibility criteria are as follows:

Age

21 years or above

Citizenship

Indian with a valid PAN & Aadhaar card

Work experience

Salaried individual

Monthly Salary

Monthly income of at least ₹15,000

Interest Rates & charges on ₹4 Lakh Loan

Check out the charges mentioned below if you apply for ₹4 Lakh personal loan with us:

Fees & ChargesAmount Chargeable
Interest RateStarting at as low as 1.5% (monthly)
Loan Processing ChargesProcessing fees from 2% to 6% on every loan
Penalty on Overdue EMIsOverdue interest and late payment penalty charges will be charged to your total outstanding loan on a daily basis

₹4 Lakh Personal Loan EMI for 6-12 Months

It is very important to understand your 4 lakh personal loan EMI options before taking a loan. By doing this you will be able to repay your loans on time and plan your budget better.

We offers flexible repayment options so you can repay the loan on your terms. You can borrow the money you need and choose to repay in 6, 9 or 12 EMIs.

This is what your EMIs for ₹4 lakh loan will look like when you take a loan from us at 18% annual interest rate:

Loan AmountInterest RateTenure (in months)EMI in Rs
Rs 10000018%6Rs 17552.52
9Rs 11960.98
12Rs 9168

*Note – All the above numbers are for representation only. The final interest rate may vary depending on the profile assessment.

How to Apply for a ₹4 Lakh Personal Loan?

Complete your personal loan application in less than 6 minutes by following these simple steps:

1) Get the Zype app from PlayStore or AppStore & create your account.

2) Fill out some basic details like your phone number, email address & PAN number.
3) Get an approved loan offer based on your credit score.

4) Complete your KYC by adding your Aadhaar number & doing a selfie verification to get your loan limit.

5) Choose the amount you want to transfer from your loan limit along with a repayment plan.
Get the money directly to your account instantly!

Frequently Asked Questions

Can I Get an Instant 4 Lakh Personal Loan Without a CIBIL Score?

Yes, you can. Zype offers personal loans even to those customers who don’t have a credit history. You only need a valid PAN card and a minimum monthly salary of ₹15,000 to get personal loans up to ₹4 lakhs.

Can I Avail 4 Lakh Loan Without Documents?

Yes, you can. There are many lenders and instant loan apps that provide loans without any documents. Zype is such a loan app that only needs your PAN and Aadhaar number to give you a personal loan.

How to Get a 4 Lakh Personal Loan Without Collateral?

There are many loan apps like Zype that offer unsecured personal loans. This means you can get a ₹4 lakh Loan without providing any assets.

What Is The Minimum Income For A 4 Lakh Loan?

The minimum income requirement varies by lender. However, many lenders typically prefer a monthly income of ₹20,000 or higher for a ₹4 lakh loan.

What are the Factors that can Affect ₹ 4 Lakh Personal Loan EMI?

The EMIs of your ₹ 4 lakh loan depend on the offered interest rate, processing fee & loan tenure you choose.

Can I Get the Lowest Interest Rate on a ₹ 4 lakh Personal Loan?

The interest rate you’re offered on your loan depends on how good your credit score is. If you have a high credit score & a good repayment history, you can get the lowest interest rate on a ₹4 lakh Personal Loan.

What is the EMI Of A 4 Lakh Loan?

The EMI for a ₹4 lakh loan depends on the interest rate and loan tenure. You can use Zype’s EMI calculator to know your monthly EMI.

What is the CIBIL Score For A 4 Lakh Loan?

A CIBIL score of 700 or above is generally recommended to increase your chances of approval for a ₹4 lakh loan at favorable terms.

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