Get a 4 Lakh Personal Loan Quickly @ 15k Minimum Salary|Apply Now (2024)

Your Estimated EMI

₹ 4477

Mandatory Documents

Duly filled loan application form Passport-size photograph (coloured)

Identity Proof

Driver’s licence, passport, PAN card, or Aadhaar card

Address Proof

Driver’s licence, passport, Aadhaar card, ration card, or utility bill

Ownership Proof

Residence ownership proof, like electricity bills, maintenance bills, or property documents

Income Proof

Last six months' salary slips, the previous six months' salary account statement, and Form 16Job continuity proof, like an appointment letter from the current employer or experience certificate from the previous employer

Mandatory Documents

Duly filled loan application form Passport-size photograph (coloured)

Identity Proof

Driver’s licence, passport, PAN card, or Aadhaar card

Address Proof

Driver’s licence, passport, Aadhaar card, ration card, or utility billOffice address proof, like maintenance bills, utility bills, property documents, or rent agreement

Ownership Proof

Business existence proof, like a copy of tax registration, shop establishment proof, or company registration certificate

Income Proof

Last six months' bank statements and ITR for the previous two consecutive years

You can calculate your Rs 4 lakh Personal Loan EMI by dividing the annual interest rate by the number of months in the loan term and then multiplying it by the loan balance. The mathematical formula to calculate the same is:

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

Here, P stands for the principal loan amount, r is the rate of interest, and n means the number of months in the selected tenure. Rather than entering these values and calculating the EMIs manually, you can use a Rs 4 lakh Personal Loan EMI calculator to get instant results. It will display the total payable along with the total interest cost. You can select a loan tenure with easily affordable EMIs adjustable to your monthly budget.