₹4,000 Instant Personal Loan

Lenders like mPokket, Zype and Olyv provide a ₹4000 personal loan on Bajaj Markets. The tenure ranges up to 12 months.

You can choose an EMI plan as per your budget and repay it at your convenience. For instance, a ₹4,000 personal loan taken for one year at an interest rate of 18% p.a. results in an EMI of ₹367, with a total interest of ₹404. The total repayment amount would be approximately ₹4,404.

Three lenders offer personal loans of ₹4,000 on Bajaj Markets. Compare interest rates, tenures, and processing fees to find one that suits your requirements.

Disclaimer: The mentioned rates are subject to change at the lender’s discretion.

You can now calculate your personal loan EMIs with ease using an EMI calculator. It provides accurate results and is simple to use. Alternatively, you may calculate your EMIs manually using the given formula:

EMI = [P x R x (1+R)^N] / [(1+R)^N-1]

Where:

P = Principal loan amount

R = Monthly interest rate (Annual interest rate / 12 / 100)

N = Loan tenure in months

For example:

You secure a personal loan of ₹4,000 at an interest rate of 18% p.a. for a tenure of 6 Months. Your ₹4,000 loan EMI would be ₹702, and the total interest payable amounts to ₹213. This brings the overall repayment to ₹4,213.

Consider an instant ₹4,000 loan with a 18% p.a. interest rate. Here is how the EMI amount will differ across various tenures:

Note: These are approximate values and are meant only for illustration. For actual EMI values, reach out to your lender.

Here is a list of the eligibility criteria, you need to apply for the loan:

• You should have Indian citizenship

• A salaried or self-employed individual

• The age of the applicant should be above 18 years

• The minimum income of the applicant should be ₹10,000 per month

• You need a minimum of 1 year of work experience 

• Your CIBIL score should be 600 or above

Apart from the eligibility criteria, you also need to submit a few documents. Here is a list of documents you will need:

Follow these steps to apply for a ₹4,000 loan online:

• Step 1: Click on ‘Apply for a personal loan’

• Step 2: Enter your basic personal details in the online application form

• Step 3: Enter the loan amount and select a tenure

• Step 4: Submit the form for verification

Shortly after, a representative will reach out to you to complete the application process.

Reference of all T&Cs necessarily refers to the terms of the Partners as regards pre-approved offers and loan processing time amongst other conditions.