Get Personal Loan for 4 Years - Check EMIs & Interest Rates

Salaried Individuals - Check your Loan eligibility!

A personal loan with a 4-year tenure could be an excellent choice for managing medium-term financial needs. Whether it is for home renovations, higher education, or unexpected expenses, this tenure strikes the right balance between manageable EMIs and timely repayment.

Features and Benefits

Opting for a 4-year personal loan comes with a range of features and advantages, making it a reliable financial solution for your needs:

Affordable Interest Rates

Access financing at competitive rates, starting as low as 9.99% p.a., to keep your repayments manageable.

Flexible Loan Amounts

Borrow up to ₹50 Lakhs, suitable for addressing diverse financial requirements, from minor expenses to significant investments.

Unsecured Loan Option

No need to pledge assets or collateral to secure your loan, ensuring ease and convenience.

Multipurpose Loan Usage

Utilise the loan amount for a variety of purposes, including medical emergencies, weddings, travel, education, or consolidating debt.

Swift Disbursal

Once your loan is approved, the funds can be credited to your account in a matter of minutes.

Effortless Application Process

Enjoy a seamless online application experience with quick processing times and minimal delays.

Digital Documentation

Complete your loan application through an easy and hassle-free paperless process.

Tailored Loan Options

Choose repayment terms that suit your needs for greater flexibility and convenience.

Transparent Charges

Benefit from a clear fee structure with no hidden charges or unexpected costs, ensuring complete peace of mind.

Interest Rates & Charges of Lenders Offering 4-Year Personal Loans

Here’s a table showing the interest rates and charges applicable to a personal loan for 4 years offered by various lenders on Bajaj Markets:

Partner Name	Min Interest Rate	Max Tenure	Processing Fee
Bajaj Finance Limited	10% p.a.	96 months	Up to 3.93% of the loan amount
CASHe	2.79% p.m.	18 months	Up to 5.5% of the personal loan amount + GST
Federal Bank	11% p.a.	48 months	0.70% to 2.80% of the loan amount + 18% GST
Fibe	14% p.a.	36 months	Up to 2% of the loan amount
Finnable	15.95% p.a.	60 months	Up to 3% of total loan amount
IIFL Finance	18% p.a.	42 months	2% to 6% of the loan amount + GST
InCred	16% p.a.	60 months	2%-5% on the sanctioned amount
Kissht	14% p.a.	24 months	3% - 5% of the loan amount
Kotak Mahindra Bank	10.99% p.a.	72 months	Up to 1.10% - 1.50% of the loan amount + GST
KreditBee	14% p.a.	24 months	Up to 3% of the loan amount
L&T Finance	12% p.a.	48 months	Up to 2% of loan amount + GST
MoneyTap	18% p.a.	36 months	5% to 10% of the loan amount
moneyview	1.33% p.m.	60 months	Starting from 2% of the approved loan amount
mPokket	24% p.a.	90 days	₹50 to ₹200 + 18% GST (depending on the loan amount with a maximum APR of 48%)
Muthoot Finance	14.50% p.a.	60 months	2% to 4% of the loan amount
Olyv	18% p.a.	12 months	2% - 12% of the loan amount
PaySense Partners	15% p.a.	60 months	2% - 2.5% of the loan amount + GST or ₹500 + GST (whichever is higher)
Privo	9.99% p.a.	60 months	1%-3% of the loan amount +GST
SMFG India Credit	12% p.a.	60 months	0% - 6% of the loan amount
Upwards	18% p.a.	36 months	Up to 4% of the loan amount
YES BANK	12.50% p.a.	72 months	Up to 2.75% of the loan amount
Zype	18% p.a.	12 months	2% to 6% of the loan amount

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

EMI Calculator for 4 Year Personal Loan

Loan Amount

Tenure

Rate of Interest

Your Monthly Personal Loan EMI

Principal Amount

Total Interest

Total Amount Payable

Amortization Schedule

Download

Year	EMI	Principal	Interest	Balance

An EMI calculator is a convenient tool to estimate your monthly repayments for a 4-year personal loan. By providing inputs such as the loan amount, repayment tenure, and interest rate, you can instantly determine your EMI and the overall loan cost.

Steps to Use an EMI Calculator for a 4-Year Personal Loan:

Enter the loan amount you wish to borrow (e.g., ₹5 Lakhs)
Choose the tenure as "4 years" or "48 months”
Input the applicable interest rate (e.g., 10% p.a.)
Review the calculated EMI, along with details of the total interest, principal, and total amount payable
Modify the inputs to compare different loan scenarios and find an option that fits your budget

Eligibility Criteria

Before applying for a 4-year personal loan, ensure you meet the following criteria:

Must be an Indian citizen
Should be a salaried or self-employed individual
Minimum age requirement is 18 years
Must have a monthly income of at least ₹10,000
Should have at least 1 year of work experience
A CIBIL score of 600 or higher is necessary

Eligibility requirements may vary depending on the lender. It is advisable to check with your chosen lender for specific details.

Documents Required

When applying for a 4-year personal loan, you may need to provide the following documents:

Identity Proof: Choose any one of these:
- PAN card
- Aadhaar card
- Voter ID
- Passport
- Driving licence
Address Proof: Choose any one of these:
- Voter ID
- Aadhaar card
- Passport
- Driving licence
- Electricity bill
- Telephone bill
Income Proof: Bank statements or salary slips for the last 3 months.
Photographs: Two passport-sized photographs.

These document requirements may differ between lenders. It is recommended to contact your lender for a complete list before submitting your application.

How to Apply for a Personal Loan on Bajaj Markets

Applying for a 4-year personal loan is simple and straightforward. Just follow these steps:

Select the 'Check Offers' option on the website
Fill out the online application form with your basic personal details
Specify the loan amount you wish to borrow and select a repayment tenure of 4 years
Submit the request

A representative will get in touch with you to guide you through the next steps of the application process

Can you get a personal loan for 4 years?

Yes, personal loans with a 4-year tenure are readily available, offering an ideal balance between affordable EMIs and manageable repayment periods.

What is the maximum loan one can get for a 4-year tenure?

The maximum loan amount varies across lenders. However, borrowers may typically secure loans of up to ₹50 Lakhs for a 4-year tenure, depending on their eligibility and credit profile.