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Calculate EMI for a ₹4 Lakh Personal Loan
Posted on Friday, June 23rd, 2023 | By IndusInd Bank
Need a little extra financial push to tick off your to-do list—whether it’s home repairs, wedding prep, or a long-overdue vacation? A personal loan can help you get there without the wait or paperwork overload. If you’re eyeing a loan of ₹4 lakhs, the good news is, with IndusInd Bank, it’s now easier than ever to apply and get funds in your account—no income proof, no branch visits, and zero hassle.
If you’re exploring your options, knowing the EMI, eligibility, interest rates, and application process can make the decision smoother. Let’s dive in to know it all in detail.
How do I Calculate the EMI for a ₹4 Lakh Personal Loan?
Before applying for a personal loan, 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.
Your monthly payment depends on:
• Loan Amount – in this case, ₹4 lakhs
• Interest Rate – starts from 10.49% p.a.
• Tenure – from 12 to 48 months
To calculate your EMI for a ₹4 lakh personal loan, visit the IndusInd Bank personal loan EMI calculator. Using this calculator, you can try multiple variations of loan amount and tenures to find the exact EMI amount that aligns best with your budget.
Eligibility Criteria for a Personal Loan of ₹4 Lakh
Here’s the basic eligibility criteria you need to meet to be eligible to get an IndusInd Bank Personal Loan of ₹4 lakh.
- Age: Between 21 and 60 years
- KYC Documents: Aadhaar and PAN card
- Steady credit history – a good credit score can help you get better rates
- Indian residency: Required
There’s no need to upload pay slips, bank statements, or other income proof—which makes the process super quick and less stressful.
Interest Rates for ₹4 Lakh Personal Loan
Take a look at the table below to understand how your EMI amount will vary basis different loan tenure options.
| Loan Amount | Interest Rate | Tenure | Total EMI Amount |
| ₹4 lakh | 10.49% | 1 year | Rs. 35,258 |
| ₹4 lakh | 10.49% | 2 years | Rs. 18,549 |
| ₹4 lakh | 10.49% | 3 years | Rs. 12,999 |
| ₹4 lakh | 10.49% | 4 years | Rs. 10,239 |
How to Apply
IndusInd Bank offers a smooth, 100% paperless process of applying for a personal loan –
1. Visit the official IndusInd Bank Personal Loan Page
2. Enter your mobile number and verify with OTP
3. Fill in your PAN and Aadhaar details
4. Choose your loan amount and tenure
5. Get approval and receive funds directly in your account
No branch visits. No paperwork. Just a seamless digital journey from start to finish.
So, don’t wait anymore. Apply for an instant personal loan with IndusInd Bank today!
