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What is the EMI for 4 Lakh Personal Loan?
Posted on Friday, June 23rd, 2023 | By IndusInd Bank
A personal loan with IndusInd Bank is a multipurpose loan featuring competitive interest rates. If you’re looking to apply for a personal loan amount of Rs. 4 lakhs, you can use a personal loan EMI calculator to get an estimate of your monthly payments and choose a comfortable loan repayment tenure.
A personal loan is undoubtedly one of the most reliable ways to access funds in case of a financial emergency. IndusInd Bank offers unsecured personal loans with no physical documentation, easy-to-meet eligibility criteria, and speedy processing. This means you get quick access to funds in times of need.
IndusInd Bank provides personal loans at competitive interest rates with easy EMI options over a flexible loan tenure of up to four years. If you are looking to apply for a personal loan amount of Rs. 4 lakhs, you can apply for one with our hassle-free online application process. Use our online personal loan EMI calculatorto determine monthly payments for different tenures and choose a tenure that suits you best.
Features of IndusInd Bank Personal Loan
Below are a few reasons why IndusInd Bank’s personal loans are ideal for fulfilling your financial obligations:
- Multipurpose: Personal loans do not carry any restrictions with regard to end-use. Be it home renovation, a medical emergency, higher education, or a family vacation; you can avail of a quick loan online at IndusInd Bank.
- Instant Application Process: IndusInd Bank offers a hassle-free four-step online application process to get an instant personal loan.
- Quick Disbursal: Once you submit your loan application, you can expect instant loan approval and speedy disbursal of funds.
How do I Calculate the EMI for Rs. 4 Lakh Personal Loan?
Before applying for a personal loanwith IndusInd Bank, determine your monthly payment obligations using an online personal loan EMI calculator. This will help you opt for a suitable tenure based on your financial situation.
To calculate your EMI for Rs. 4 lakhs personal loan, visit the IndusInd Bank personal loan product page and scroll down to the personal loan EMI calculator. Here you can enter multiple loan amounts and tenures to compare your EMIs in different scenarios.
Personal Loan EMI Calculation
At IndusInd Bank, we offer personal loansstarting at an interest rate of 10.49%. If you want to secure a loan amount of Rs. 4 lakhs, take a look at the table below to see what your repayment schedule and EMI payments will look like.
| Loan Amount | Interest Rate | Tenure | Total EMI Amount |
| Rs. 4 lakhs | 10.49% | 1 year | Rs. 35,258 |
| Rs. 4 lakhs | 10.49% | 2 years | Rs. 18,549 |
| Rs. 4 lakhs | 10.49% | 3 years | Rs. 12,999 |
| Rs. 4 lakhs | 10.49% | 4 years | Rs. 10,239 |
How to Apply
IndusInd Bank offers a smooth, 100% paperless process of applying for a personal loan –
- Visit IndusInd Bank’s website and go to the personal loanproduct page; click ”
1. Enter your details, such as mobile number, PAN card, email ID, and the pin code of your current residence address
2. Verify your address details
3. Check out your Personal Loan offer and complete your video KYC
4. Provide your bank account details for disbursement
Why wait? Apply for an instant personal loan with IndusInd Bank today!
Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.
