4 Lakh Loan EMI Calculator
Get a Personal Loan of up to Rs 4 Lakh instantly with minimal documentation and quick approval. Whether it's for emergencies, education, or home renovation, you can secure the funds you need hassle-free. With a minimum income requirement of just Rs 15,000, this loan is accessible to both salaried and self-employed individuals. Enjoy flexible repayment with a tenure of up to 36 months, allowing you to manage your EMIs conveniently. The interest rate starts at 19% per annum, ensuring manageable EMIs. Apply now and get fast approval for your financial needs!
Need a 4 Lakh Personal Loan? At Hero FinCorp, we understand that life's aspirations often require a financial boost. Whether it's realising your educational goals, planning a dream wedding, or managing medical expenses, our instant loan are designed to make your dreams come true. Experience seamless application, competitive interest rates, and swift approvals. Apply online now and get instant approval.
If you borrow a Rs 4 Lakh loan for 3 years, the EMIs will be smaller and easily manageable. However, if you take a Personal Loan of Rs 4 Lakh for a shorter term, the EMI amount will increase, and you will need to evaluate your monthly budget to accommodate it conveniently.
A personal loan emi calculator helps calculate EMIs for various loan terms, based on which you can select a tenure with EMIs you can easily afford. For instance, if you borrow a Personal Loan at a 19% per annum interest rate, the EMI for Rs 4 Lakh Personal Loan for various loan terms will be as follows:
| Loan Amount (Rs) | Tenure (in Months) | Interest Rate* (per annum) | Monthly EMI (Rs) | Total Interest | Total Amount Payable (Rs) |
| 4,00,000 | 12 | 19% | 36,863 | 42,356 | 4,42,356 |
| 4,00,000 | 18 | 19% | 25,713 | 62,834 | 4,62,834 |
| 4,00,000 | 24 | 19% | 20,163 | 83,912 | 4,83,912 |
| 4,00,000 | 30 | 19% | 16,853 | 1,05,590 | 5,05,590 |
| 4,00,000 | 36 | 19% | 14,662 | 1,27,832 | 5,27,832 |
Disclaimer: The EMI calculations provided are approximations, and actual figures may differ.
Hero FinCorp offers a diverse portfolio of Personal Loans intended for different requirements. Know their most important features and benefits to make an informed decision:
Get a loan of Rs 4 Lakh to fulfil your dreams or tackle any emergency or moment of crisis.
Hero FinCorp’s Rs 4 Lakh Personal Loan interest rate depends on income, repayment capacity, and financial obligations.
For a Personal Loan of Rs 4 Lakh, we do not ask for any security, collateral, or guarantor for approval.
Borrowers can select a loan tenure of up to 36 months based on their repayment capacity.
Hero FinCorp ensures a hassle-free borrowing experience, quickly crediting your approved loan amount to your bank.
Hero FinCorp provides unsecured personal loans for salaried and self-employed individuals. Check your personal loan eligibility criteria and apply for a Rs 4 Lakh loan based on your financial needs.
You must be between 21 to 58 years of age.
You must be an Indian citizen to apply for a Rs 4 Lakh Personal Loan at Hero FinCorp.
Minimum work experience for salaried employees is 6 months, and 2 years for self-employed.
Minimum income requirements of Rs 15,000 per month.
At Hero FinCorp, we have minimal documentation requirements, ensuring a smooth borrowing process. The documents required for a personal loan of Rs 4 Lakh vary for salaried and self-employed individuals. Here’s a quick guide.
Duly filled application form, Passport-size photograph
Driving License, Passport, PAN Card, Aadhaar Card (Any One)
Driving License, Passport, Aadhaar Card, Ration Card, Utility Bill (Any One)
Residence Ownership Proof (Electricity Bill, Maintenance Bill, Property Document)
Last 6 Months Salary Slips, Bank Statements, and Form 16
Duly filled application form, Passport-size photograph
Driving License, Passport, PAN Card, Aadhaar Card (Any One)
Driving License, Passport, Aadhaar Card, Ration Card, Utility Bill (Any One), Office Address Proof (if applicable)
Business Existence Proof (Tax Registration, Shop Establishment Proof, Company Registration Certificate)
Last 6 Months' Bank Statements and ITR for 2 Years
Hero FinCorp offers competitive personal loan interest rates based on repayment capacity, income, and DTI ratio. Maintain a high credit score to secure the lowest rates with minimal additional charges.
| Fees & Charges | Amount Chargeable |
|---|---|
| Interest Rate | Starting from 1.58% per month |
| Loan Processing Charges | Minimum 2.5%+ GST |
| Prepayment Charges | N.A. |
| Foreclosure Charges | 5% + GST |
| EMI Bounce Charges | Rs 350/- |
| Interest on Overdue EMIs | 1-2% of the loan/EMI Overdue Amount Per Month |
| Cheque Bounce | Fixed Nominal Penalty |
| Loan Cancellation | 1. Online loan app does not charge any cancellation charges |
| 2. Interest amount paid is non-refundable | |
| 3. Processing charges are also non-refundable |
Planning for a perfect wedding or travelling around the world? Borrow a Rs 4 Lakh Personal Loan to make all your dreams come true or handle emergencies. Here are the steps to getting a Personal Loan at Hero FinCorp:
Visit the Hero FinCorp website or install the personal loan app
Go to the personal loan page and click ‘apply now’
Enter your mobile number and verify with the OTP received
Choose the loan amount you need
Verify your KYC details to check income eligibility
Click ‘Submit’ to complete your application
A Personal Loan of Rs 4 Lakh can be used for various purposes, including:
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