Learn more about interest rates, eligibility criteria, and the benefits of opting for a 4-year personal loan, on Bajaj Markets.
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.
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 Loan Amount |
Max Tenure |
Processing Fee |
Bajaj Finance |
10.00% p.a. |
₹35 Lakhs |
96 months |
Up to 3.93% of the loan amount (Inclusive of applicable taxes) |
Federal Bank |
11.00% p.a. |
₹5 Lakhs |
48 months |
0.70% to 2.80% of the loan amount + 18% GST |
Finnable |
15.95% p.a. |
₹10 Lakhs |
60 months |
Up to 3% of the loan amount |
InCred |
16.00% p.a. |
₹10 Lakhs |
60 months |
2% to 5% of the sanctioned amount |
Kotak Mahindra Bank |
10.99% p.a. |
₹40 Lakhs |
72 months |
Up to 1.50% of the loan amount + GST |
L&T Finance |
12.00% p.a. |
₹15 Lakhs |
48 months |
Up to 3% of the loan amount + GST |
moneyview |
16% p.a. (1.33% p.m.) |
₹10 Lakhs |
60 months |
Starts from 2% of the approved loan amount |
Muthoot Finance |
14.50% p.a. |
₹10 Lakhs |
60 months |
2% to 4% of the loan amount |
PaySense |
14.00% p.a. |
₹5 Lakhs |
60 months |
2% to 2.5% of the loan amount + GST or ₹500 + GST (whichever is higher) |
Privo (Credit Saison) |
9.99% p.a. |
₹5 Lakhs |
60 months |
1% to 3% of the loan amount + GST |
SMFG India Credit |
12.00% p.a. |
₹25 Lakhs |
60 months |
0% to 6% of the loan amount |
YES BANK |
12.50% p.a. |
₹50 Lakhs |
72 months |
1.15% to 2.75% of the loan amount |
*Disclaimer: The mentioned details are subject to change at the lender’s discretion.
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
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.
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.
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
FAQs
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.
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