Loan amounts offered by lending partners may range from ₹1,000 to ₹55 lakh, depending on the applicant’s profile and the lender’s eligibility criteria. For example, a ₹4 lakh loan at 10% p.a. for three years would result in an estimated EMI of approximately ₹12,906 per month. The actual rate, tenure, EMI and disbursal time may vary by lender.
You can check the ₹4 Lakh loan interest rates offered by lenders on Bajaj Markets:
| Available Offerings | Max. Loan Amount | Min. Interest Rate | Max. Tenure | Processing Fees |
|---|---|---|---|---|
₹55 Lakhs |
10% p.a. |
108 months |
Up to 4.13% of the loan amount + taxes (if applicable) |
|
₹40 Lakhs |
10.99% p.a. |
72 months |
Up to 1.5% of the loan amount + taxes (if applicable) |
|
₹5 Lakhs |
12.75% p.a. |
48 months |
Up to 2-3% of the loan amount + taxes (if applicable) |
|
₹25 Lakhs |
12% p.a. |
60 months |
Up to 6% of the loan amount + taxes (if applicable) |
|
₹15 Lakhs |
12% p.a. |
48 months |
Up to 3% of the loan amount + taxes (if applicable) |
|
₹5 Lakhs |
14% p.a. |
36 months |
Up to 2% of the loan amount + taxes (if applicable) |
|
₹4 Lakhs |
14% p.a. |
24 months |
3% to 5% of the loan amount + taxes (if applicable) |
|
₹10 Lakhs |
12% p.a. |
60 months |
Up to 5.1% + GST |
|
₹5 Lakhs |
14% p.a. |
60 months |
Up to 2.75% of the loan amount + GST or ₹500 (whichever is higher) |
|
₹10 Lakhs |
14.5% p.a. |
60 months |
Up to 4% of the loan amount + taxes (if applicable) |
|
₹10 Lakhs |
15.95% p.a. |
60 months |
Up to 3% of the loan amount + taxes (if applicable) |
|
₹10 Lakhs |
13.99% p.a. |
60 months |
Up to 5% of the loan amount + taxes (if applicable) |
|
₹10 Lakhs |
1.33% p.m. |
60 months |
Starting from 2% of the loan amount + taxes (if applicable) |
|
₹6 Lakhs |
17.25% p.a. |
60 months |
1.50% to 4.50% of the loan amount |
|
₹5 Lakhs |
12% p.a. |
36 months |
1% onwards |
|
₹5 Lakhs |
18% p.a. |
12 months |
2% to 6% of the loan amount |
|
₹5 Lakhs |
16% p.a. |
36 months |
3% of the loan amount |
|
₹5 Lakhs |
16% p.a. |
36 months |
Up to 5% of the loan amount plus applicable taxes |
|
₹5 Lakhs |
17.99% p.a. |
48 months |
3% to 5% |
|
₹5 Lakhs |
23% p.a. |
36 months |
2.5% to 4% of the loan amount |
|
₹5 Lakhs |
18% p.a. |
48 months |
2% – 6% |
Disclaimer: The mentioned rates are subject to change at the lender’s discretion.
You can estimate your monthly repayments across different tenures using the Personal Loan EMI Calculator.
The illustrative table below shows how the EMI may vary at different interest rates:
| Interest Rate | 12 Months | 36 Months | 60 Months | 72 Months |
|---|---|---|---|---|
10% p.a. |
₹ 35,166 |
₹ 12,906 |
₹ 8,498 |
₹ 7,410 |
12% p.a. |
₹ 35,539 |
₹ 13,285 |
₹ 8,897 |
₹ 7,820 |
14% p.a. |
₹ 35,914 |
₹ 13,671 |
₹ 9,307 |
₹ 8,242 |
16% p.a. |
₹ 36,292 |
₹ 14,062 |
₹ 9,727 |
₹ 8,676 |
Disclaimer: The EMI figures above are illustrative and may vary depending on the lender, final interest rate, tenure, processing fees, and other applicable charges.
For reference, the total interest on a ₹4 Lakh loan at 10% p.a. over 3 years is approximately ₹ 64,647. Over 5 years, the total interest is approximately ₹ 1,09,929, taking the total repayment amount to around ₹ 5,09,929.
A ₹4 Lakh personal loan can be used for a range of planned or unexpected expenses, depending on your financial requirement:
| Situation | Why ₹4 Lakh Works |
|---|---|
Medical emergency |
Can help cover hospitalisation, treatment, surgery, or diagnostic expenses. |
Home renovation |
Can support expenses such as painting, kitchen upgrades, repairs, or minor structural work. |
Debt consolidation |
Can be used to combine multiple eligible debts into a single repayment obligation. |
Travel and holidays |
Can help cover flight bookings, accommodation, tours, and related travel costs. |
Wedding expenses |
Can support costs such as venue bookings, catering, jewellery, and event arrangements. |
Higher education |
Can help cover admission fees, professional courses, certifications, or skill-development programmes. |
Eligibility requirements for a ₹4 Lakh personal loan vary across lenders. The following criteria may generally apply:
| Parameter | Eligibility Requirement |
|---|---|
Age |
18 to 65 years |
Employment |
Salaried or self-employed individual |
Minimum Monthly Income |
₹10,000 to ₹30,000 per month, depending on the lender and city |
CIBIL Score |
650 or above may be preferred |
Work Experience |
Minimum 1 year of total work experience, including at least 6 months with the current employer |
Nationality |
Resident Indian |
Disclaimer: Eligibility criteria vary by lender and applicant profile. Meeting these requirements does not guarantee loan approval, which remains subject to the lender's internal assessment and policies.
For a ₹4 Lakh loan, lenders generally require basic identity, address, and income verification documents:
| Income Proof (Any one of the following) | Address Proof (Any one) | Identity Proof (Any one) |
|---|---|---|
Bank statements |
Aadhaar card |
Aadhaar card |
Salary slips for the last 3 months |
Voter ID |
Voter ID |
|
Passport |
PAN card |
|
Utility bills |
Driving licence |
|
Driving licence |
Passport |
Eligibility and documentation requirements can differ based on the lender selected. It is important to obtain a complete list of the necessary criteria and documents before submitting a loan application.
Disclaimer
Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.
Apply for a ₹4 Lakh personal loan on Bajaj Markets by entering your details, selecting a lender, choosing your loan terms, and submitting the application, after which a representative will assist you further.
The EMI for a personal loan of ₹4 Lakhs is determined by the loan tenure and interest charged on the loan amount. The shorter the tenure, the higher the EMI becomes. Another factor affecting the ₹4 Lakh Personal Loan EMI is the rate of interest. Use a personal loan EMI calculator to check the instalment amount of your loan on the basis of the loan terms offered to you.
The interest rate charged on a personal loan of ₹4 Lakhs differs from one lender to another. On Bajaj Markets, the rates offered by lenders start from just 10% p.a.%.
Yes, you can get the loan without having to submit any of your valuable assets as collateral.
If you miss your loan payments, the lender may apply applicable penal charges. Continued non-payment over time may lead to further recovery actions, in line with applicable laws and regulations.
On Bajaj Markets, you can get a tenure of up to %$$plmaxten%$$% on a personal loan of ₹4 Lakhs.
Yes, you can prepay or foreclose your personal loan. However, you may be required to pay a nominal charge for utilising this facility. The rate may differ from one lender to another, depending on their policies.
You must typically have a CIBIL score of 650 to get a personal loan of ₹4 Lakhs.
Some leading lenders that offer personal loans of ₹4 Lakhs on Bajaj Markets include:
Bajaj Finance
Kotak Mahindra Bank
Federal Bank
L&T Finance
SMFG India Credit
Kissht
Fibe
KreditBee
Muthoot Finance
PaySense
Finnable
Moneyview
InCred
Freo
Zype
To use the ₹4 Lakh Personal Loan EMI calculator, enter the loan amount, select the tenure, and input the applicable interest rate. The tool will instantly display the estimated EMI, total interest payable, and overall repayment amount.