₹4,000 Instant Personal Loan

In case of an urgent financial requirement, a ₹4,000 personal loan can serve as a practical solution. This flexible loan can be utilised for emergencies, education, travel, or home renovation.

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.

Personal loans provide flexible repayment options, minimal documentation, and quick access to funds. You need to choose a manageable EMI plan and repay it at your convenience without exhausting your savings.

Various 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.

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 are some fees and charges by different lenders:

Disclaimer: The mentioned details 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 9.99% p.a. for a tenure of 2 years. Your ₹4,000 loan EMI would be ₹184, and the total interest payable amounts to ₹429. This brings the overall repayment to ₹4,429.

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.

Here is the amortisation breakdown for your ₹4,000 instant loan at an interest rate of 9.99% for 6 months:

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

Your CIBIL score, which ranges from 300 to 900, provides a numerical summary of your financial creditworthiness. The following are some ways in which personal loans may influence your CIBIL score and overall credit profile:

• Pre-approval Impact

When you apply for a personal loan, the lender generally performs a hard inquiry to examine your credit history. This may temporarily reduce your credit score and will be recorded in your credit report.

• Post-approval Impact

Repaying loans on time enhances your credit score and indicates responsible borrowing behaviour. Making consistent, timely payments demonstrates your ability to manage debt efficiently, thereby strengthening your credit rating.

A ₹4,000 loan can offer quick financial relief for several everyday needs. Here are different ways to utilise it:

• Daily Essentials

The amount can help manage routine expenses such as utility bills, mobile top-ups, groceries, medicines, fuel, or travel passes. It is particularly useful during month-end cash shortages when ongoing costs still need to be met.

• Productive Use

You may use the loan to invest in a small side venture or purchase educational resources. Such actions can aid in personal growth and potentially generate income. Timely repayments may also contribute positively to your credit history, improving access to higher loan amounts in future.

• Events and Celebrations

You can address last-minute financial gaps for weddings or social events. The funds may go towards buying gifts, sharing group expenses, or acquiring suitable attire for the occasion.

• Home Essentials

Often, smaller household purchases are delayed due to financial limitations. This amount can support the purchase of basic kitchenware, compact furniture, bedding, home décor, or small appliances.

• Recreation and Subscriptions

You may use the loan for leisure activities such as watching a film, dining out, taking a short trip, or subscribing to digital platforms for entertainment or learning.

• Emergency Needs

A ₹4,000 emergency loan can help you manage unplanned requirements like medical attention, urgent travel, or minor repairs to essential items such as a mobile phone, laptop, or two-wheeler, thereby protecting your savings.

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.