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Home Blog Cash Loan ₹4 Lakh Personal Loan EMI

₹4 Lakh Personal Loan EMI: Monthly Payment, Calculation and Interest in 2025

Published : October 27, 2025, 11:48 PM

Updated : October 27, 2025, 11:48 PM

Author : krishnanunni

Cash Loan

Personal Loans

765 views

Summary

A ₹4 lakh personal loan is a convenient way to handle large expenses such as education, medical bills, or home renovation. Interest rates typically range from 11.5% to 23% p.a., with flexible tenures of 1 to 5 years and EMIs starting around ₹8,799. Processing fees go up to 3.5%, while prepayment charges range from 2% to 5%. With NoBroker Insta Cash, borrowers enjoy instant approval, minimal paperwork, and quick disbursal for hassle-free financing.

Table of Contents

A personal loan is an unsecured loan provided by banks or financial institutions to meet individual financial needs such as medical bills, education, weddings, or home renovation. A ₹4 lakh personal loan offers quick access to funds without requiring collateral. The EMI amount depends on the interest rate and loan tenure. Using a 4 lakh personal loan EMI calculator helps you estimate repayments, plan your budget, and choose a suitable offer from top lenders.

₹4 Lakh Personal Loan Summary- Quick Info

To begin, here is a consolidated summary of the key financial parameters you will typically encounter when seeking a personal loan of ₹4 lakh. - [1] [2] [3] [4] [5] [6] [7] [8] [9]

Feature	Typical Details
Loan Amount	₹4,00,000
Average Interest Rate	11.5% p.a. to 23% p.a.
Tenure	1 to 5 years (12 to 60 months)
Lowest EMI (approx.)	Around ₹8,799 (for a 5-year tenure at 11.5% p.a.)
Total Interest (avg.)	Varies significantly based on rate and tenure
Processing Fee	Up to 3.5% of the loan amount + applicable taxes
Prepayment Charges	2% to 5% of the outstanding principal + applicable taxes

What is a ₹4 Lakh Personal Loan EMI?

An EMI, which stands for Equated Monthly Instalment, represents a fixed, predetermined sum that you are required to pay to the lender each month. This payment continues for the entire duration of the loan, known as the tenure, until the full ₹4 lakh principal and all associated interest are cleared. The loan EMI depends on the rate of interest and the loan duration period.

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₹4 Lakh Personal Loan EMI for Different Tenures

The following table illustrates this dynamic for a ₹4 lakh personal loan. We have used a sample interest rate of 12.5% per annum to show clearly how the EMI and total cost change depending on the selected tenure. [1]

Tenure	Interest Rate (p.a.)	Approx. Monthly EMI (₹)	Total Interest Paid (₹)	Total Amount Paid (₹)
1 Year (12 months)	12.5%	₹35,633	₹ 27,598	₹ 4,27,598
2 Years (24 months)	12.5%	₹ 18,923	₹ 54,150	₹ 4,54,150
3 Years (36 months)	12.5%	₹ 13,381	₹ 81,732	₹ 4,81,732
4 Years (48 months)	12.5%	₹10,632	₹1,10,336	₹5,10,336
5 Years (60 months)	12.5%	₹8,999	₹1,39,951	₹5,39,951
7 Years (84 months)*	12.5%	₹7,169	₹2,02,154	₹6,02,154
10 Years (120 months)*	12.5%	₹5,855	₹ 3,02,606	₹ 7,02,606

Note: Personal loans are typically unsecured, short-to-medium term credit. Therefore, tenures beyond 5 years, such as a 4 lakh personal loan EMI for 7 years or 10 years, are rare. While they offer a much lower EMI, the interest payout increases dramatically, making them a less economical choice.

EMI Calculation Formula for ₹4 Lakh Personal Loan

While a 4 lakh loan EMI calculator provides instant results, understanding the underlying formula can give you a deeper appreciation of how your monthly payment is structured.

The universal formula for calculating EMI is: [1]

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

Here is what each variable in the formula represents:

P: Stands for the Principal amount, which is the initial loan sum of ₹4,00,000.
R: Represents the monthly rate of interest. It is derived by dividing the annual interest rate by 12 (for the months in a year) and then by 100 (to convert it from a percentage).
N: Denotes the total number of monthly instalments, which is your loan tenure in months (e.g., for a 4-year loan, N = 48).

₹4 Lakh Personal Loan EMI at Top Banks (2025)

Comparing different banks and NBFCs is a critical step to secure the most favourable terms. Below is a comparison of potential EMIs for a ₹4 lakh personal loan from leading financial institutions in India, calculated for a standard 5-year tenure.

Disclaimer: These interest rates are indicative starting points and are subject to change. The final rate offered to an applicant depends on their individual creditworthiness and the lender's current policies.

Bank/NBFC	Indicative Interest Rate (p.a.)	Tenure (in years)	Approx. EMI for ₹4 Lakh Loan (₹)
State Bank of India (SBI) [2]	10.05% onwards	5	₹8,507
HDFC Bank [3]	9.99% onwards	5	₹8,497
ICICI Bank [4]	10.60% onwards	5	₹8,618
Axis Bank [5]	9.99% onwards	5	₹8,497
Kotak Mahindra Bank [6]	9.98% onwards	5	₹8,495
Bajaj Finserv [7]	16.00% onwards	5	₹9,730
Tata Capital [8]	11.50% onwards	5	₹8,799

What are the Eligibility Criteria for a ₹4 Lakh Personal Loan?

Financial institutions have a set of eligibility criteria to assess an applicant's repayment capacity. Meeting these requirements is the first step toward a successful loan application.

Applicants must be adults, typically between the ages of 21 and 60, and of Indian citizenship.
Must be either a salaried individual or a self-employed professional with a proven business history. For salaried people at least one year of total work experience and a minimum of six months in the current role are needed.
A minimum net monthly income is required (often starting at ₹15,000 - ₹25,000) to demonstrate that you have a stable cash flow to service the monthly EMI.
A strong credit score, ideally 750 or higher, is a key indicator of your financial discipline and significantly improves your chances of loan approval at a competitive rate.

What are the Documents Required for a ₹4 Lakh Personal Loan?

Organising your documentation in advance can make the loan process smoother and faster. Here is a standard list of documents you will need to provide. [9]

A government-issued document like your PAN Card, Aadhaar Card, Passport, or Driving License.
A document verifying your current residence, such as an Aadhaar Card, recent utility bills, or a rental agreement.
Your most recent salary slips (usually for 3 months), bank statements reflecting salary credits, and your Form 16.
Your business's audited financial statements, recent business bank statements, and your Income Tax Returns for the last 2-3 years.
One or two recent passport-sized photographs.

How to Apply for a ₹4 Lakh Personal Loan or Cash Loan Online via NoBroker Insta Cash?

You can apply for an instant ₹4 lakh cash loan online through NoBroker Insta Cash with a simple, user-friendly process.

Step 1: Navigate to the NoBroker Insta Cash platform. Provide some basic personal and financial details to get an instant eligibility check and see your pre-approved loan offer.
Step 2: Based on the offer, select the precise amount you wish to borrow (up to ₹4 lakh) and choose a repayment tenure that aligns with your financial comfort. The corresponding EMI will be calculated for you on the spot.
Step 3: Complete the mandatory Know Your Customer (KYC) process online. This involves a paperless verification using your essential documents like PAN and Aadhaar.
Step 4: The final step involves setting up an automatic debit instruction from your bank account for future EMI payments. Once this is authorised, the loan amount is transferred to your account promptly.

Why Choose NoBroker Insta Cash Over Traditional Personal Loans?

NoBroker Insta Cash is designed for the modern borrower, offering distinct benefits over conventional lending methods.

Completely Digital Journey: No need for physical visits; complete the entire process from your device.
Simplified Documentation: Requires only essential documents for a hassle-free experience.
Rapid Approval: Your loan eligibility and approval status are confirmed in minutes.
Full Transparency: All interest rates and charges are disclosed upfront, with no hidden costs.
Highly Rated Service: A trusted platform used by a large and growing customer base.
Constant Accessibility: The online service is available for you to apply whenever you need it.

Cash Loan vs Personal Loan: Key Differences

While they serve a similar purpose, there are important distinctions between a digital cash loan and a traditional bank personal loan.

Feature	Cash Loan (NoBroker Insta Cash)	Personal Loan (Bank/NBFC)
Approval Time	Minutes to a few hours	2–7 business days
Loan Amount Range	₹10,000 – ₹5,00,000	₹50,000 – ₹40,00,000
Typical Tenure	Up to 24-36 months	1–5 years (or more)
Documentation	Minimal digital KYC	Extensive physical paperwork and verification
Disbursal Method	Immediate transfer to bank account	Transfer after final verification
Target Audience	Salaried and self-employed individuals	Primarily salaried individuals with high credit scores
Ideal Use Case	Urgent cash needs, emergencies	Planned major expenditures
Primary Advantage	Speed and convenience	Potentially lower rates for high-value loans

Get Instant ₹4 Lakh Cash Loan via NoBroker Insta Cash

In summary, your choice of loan should align with your specific circumstances. If your priority is getting funds quickly and with minimal fuss for an immediate need up to ₹4 lakh, a digital service like NoBroker Insta Cash stands out. It bypasses the lengthy procedures of traditional banking, offering a fast, transparent, and user-centric solution to meet your financial requirements effectively.

Frequently Asked Questions?

Q1. What will be the EMI for a ₹4 lakh loan for 3 years?

Ans: The EMI for a ₹4 lakh loan for 3 years at an interest rate of 12.5% p.a. would be approximately ₹13,388. The exact EMI will change based on the final interest rate.

Q2. Which bank gives the lowest EMI for a ₹4 lakh personal loan?

Ans: Lenders with the most competitive interest rates, such as Kotak Mahindra Bank or HDFC Bank, often provide the lowest EMIs. Comparing current offers is the best way to find the lowest one.

Q3. Can I get a ₹4 lakh personal loan without a salary slip?

Ans: Yes, it is possible. While salaried applicants typically provide salary slips, platforms like NoBroker Insta Cash and other lenders may accept alternative income proofs like bank statements or ITRs.

Q4. What happens if I miss an EMI payment?

Ans: Missing an EMI payment typically results in a late fee and additional penal interest. It is also reported to credit bureaus, which will lower your credit score.

Q5. How to check my ₹4 lakh loan EMI schedule online?

Ans: Your lender will provide access to an online portal or mobile application. You can log in to your loan account to view your amortisation schedule, which details each EMI payment.

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krishnanunni,Author

Krishnan grew up in the libraries of Thiruvananthapuram. As an engineer turned writer, Krishnan is fascinated by the stories told by cities through their buildings, culture and music. His blogs are aimed at breaking down the most relevant and actionable insights on the Indian realty sector.

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