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Get instantly-approved Personal Loans

Secure a ₹4 lakh personal loan online, instantly.

Approval of up to ₹4 lakh personal loan in a flash
Multiple On-demand Loans upto 4 lakh
Repay anytime with ZERO foreclosure charges
100% digital process & 24x7 access to funds

Apply Now

Approval of up to ₹4 lakh personal loan in a flash
Multiple On-demand Loans upto 4 lakh
Repay anytime with ZERO foreclosure charges
100% digital process & 24x7 access to funds

Overview
Benefits
Eligibility
How to apply
FAQs
Fees & Charges

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Apply For Personal Loan for ₹4 Lakhs instantly

Q: How long does it take to get approval for a personal loan of ₹4 lakh?

The approval process for a FIRSTmoney loan is swift and efficient. If you meet the eligibility criteria, the loan approval can be granted within a few hours. Disbursal usually follows shortly after, ensuring you get your funds quickly.

Q: Can I foreclose my FIRSTmoney loan? Are there any charges?

Yes, you can foreclose your FIRSTmoney loan by repaying your loan before maturity with zero foreclosure charges to save more on interest payments.

Q: Is it necessary to have a good credit score to get a personal loan of ₹4 lakh?

A good credit score of 730 and above enhances your chances of getting favourable loan solutions such as FIRSTmoney. FIRSTmoney also considers various factors such as your income, employment stability, and overall financial health.

You can use an instant personal loan to finance your dreams, cover unexpected expenses, or even pay for upskilling yourself. A personal loan of ₹4 lakh from FIRSTmoney can turn these aspirations into reality. Whether it's planning a dream wedding, funding higher education, renovating your home, or tackling medical emergencies, FIRSTmoney provides a seamless and efficient solution to meet your financial needs. This unique borrowing option ensures that obtaining a personal loan of ₹4 lakh is not just simple, but also quick and hassle-free. Read on for more

How does FIRSTmoney Smart Personal Loan Work?

With FIRSTmoney, you can get an instant approval of personal loans that can go up to ₹10 lakhs and experience a 100% digital journey from the application to disbursal processes, making financial empowerment just a few clicks away. As opposed to a traditional personal loan, FIRSTmoney levies zero foreclosure charges, which means you can prepay Read on for more

Benefits of a ₹4 lakh personal loan via FIRSTmoney

Competitive Interest Rates With FIRSTmoney, you enjoy one of the most affordable interest rates starting at just 9.99% per annum. Lower interest rates help you keep your overall loan cost within your budget and meet your financial needs without hassles.

4 lakh loan with zero foreclosure charges

Foreclosure benefits

Want to foreclose your loan? Not a concern with FIRSTmoney. You can use the ₹4 lakh personal loan and repay the used funds in full anytime without incurring a foreclosure charge.

100% Digital Journey

FIRSTmoney offers a complete digital journey with zero paperwork. You can customise your loan as per your financial requirement along the application process. Simply scan the QR code and get going.

Convenient loan repayment options

Get the flexibility to choose a customisable loan EMI plan that suits your requirements. Opt for any tenure ranging between two months to 60 months to repay your loan without financial stress.

Greater Flexibility

Enjoy the flexibility to avail more funds easily to meet additional cash requirements without starting the loan application from scratch.

Instant Approval & Quick disbursal

Enjoy a completely paperless application process. The advanced technology behind FIRSTmoney makes it easy to access a ₹4 lakh personal loan instantly with a completely online process.

Eligibility Criteria for a ₹4 lakh personal loan

FIRSTmoney smart personal loans are available to individuals with a good credit score. Here are the basic eligibility requirements.

CIBIL score: To obtain the FIRSTmoney smart personal loan, applicants need to have a good credit record and a CIBIL score of 730 and above.

Employment: FIRSTmoney smart personal loan are available to salaried and self-employed individuals

Age: Anyone aged between 21 to 60 years can apply for this smart personal loan.

* CIBIL Score is a 3-digit numeric summary of your credit history, derived by using details found in the ‘Accounts’ and ‘Enquiries’ sections on your CIBIL Report and ranges from 300 to 900. The closer your score is to 900, the higher are the chances of your loan application getting approved.

Documents required for a ₹4 Lakh personal loan

No more lengthy documentation with FIRSTmoney smart loans. You can save your time and effort to focus on other things. To apply for a ₹4 lakh personal loan from FIRSTmoney, all you need is to display your physical PAN card at the time of video KYC.

How can you calculate your personal loan EMI?

The reducing balance calculation method is commonly used to calculate the EMI for a ₹4 lakh personal loan, as this technique computes interest on the outstanding loan amount. Use a personal loan EMI calculator for precise EMI estimates. While the EMI remains constant throughout repayment, the portion allotted to principal repayment grows while the interest component diminishes over time.

How to apply for ₹4 lakh personal loan using FIRSTmoney?

Applying for FIRSTmoney smart loan is a breeze. Here are the six easy steps:

Scan the QR code to apply for a 4 lakh personal loan.

Step 1

Start by scanning the QR code or clicking loan from your smartphone.

Step 2

Register using your mobile number and confirm basic/personal details to check your eligibility.

Confirm basic details to check your 4 lakh loan eligibility.

Step 3

Choose your loan preferences, including the tenure and repayment terms.

Choose your loan preferences and link your bank account

Step 4

Link your bank account where you wish the funds to be disbursed.

Once verified, receive the 4 lakh loan amount in your account within 24 hours

Step 5

Complete the video KYC verification process with your physical PAN card.

After your loan is approved, you can start using the funds as per your needs .

Get FIRSTmoney Smart Personal Loan of Different Amounts

₹5 lakh Personal Loan

₹3 lakh Personal Loan

₹2 lakh Personal Loan

Frequently asked questions

What is the interest rate for a ₹4 lakh FIRSTmoney loan?

The minimum interest rate for a FIRSTmoney loan is 10.99%, which can vary based on your credit score, income, and repayment capacity. Competitive rates are offered, ensuring affordability and manageable EMIs.

How long does it take to get approval for a personal loan of ₹4 lakh?

Can I foreclose my FIRSTmoney loan? Are there any charges?

Is it necessary to have a good credit score to get a personal loan of ₹4 lakh?

How can I calculate my EMI for a ₹4 lakh personal loan?

You can calculate your EMI using FIRSTmoney’s online EMI calculator. By entering the loan amount, interest rate, and tenure, you can get an instant estimate of your monthly repayments, helping you plan your finances better.

What happens if I miss an EMI payment?

Missing an EMI payment can result in late fees and could impact your credit score. It is best to ensure timely repayments to avoid additional charges and maintain a good credit record.

How do I apply for a ₹4 lakh loan with FIRSTmoney?

Applying for a loan is easy and fully digital. Simply visit the FIRSTmoney website or download the app, fill in the online application form, and submit your application. After review and approval, the loan amount will be disbursed to your bank account quickly.

What is the interest for a 4 lakh Personal Loan?

The personal loan interest rate for a ₹4 lakh loan at IDFC FIRST Bank starts at 10.99% per annum. The exact rate depends on factors such as your credit score, income, and selected loan tenure.

What is EMI of a ₹4 Lakh Loan?

To calculate the EMI for a ₹4 Lakh Loan, you can use a personal loan EMI calculator.

What is the processing fee on a ₹4 lakh personal loan?

The personal loan processing fees for a ₹4 lakh loan at IDFC FIRST Bank generally start from 2%, depending on the loan terms.

What is the monthly EMI for a ₹4 lakh personal loan?

The monthly EMI for a ₹4 lakh personal loan at IDFC FIRST Bank starts at approximately ₹8,696 when taken at an interest rate of 10.99% for a tenure of 5 years. You can use our EMI calculator to customize your repayment plan based on different interest rates and tenures.

Can I get a ₹4 lakh loan without collateral?

Yes, IDFC FIRST Bank offers personal loans up to ₹10 lakh as unsecured loans, meaning you do not need to provide any collateral to secure the loan.

What are the eligibility criteria for a ₹4 lakh personal loan?

To qualify for a ₹4 lakh personal loan, applicants must meet the following criteria:

• Be an Indian citizen.
• Age between 21 to 60 years.
• Have a minimum monthly income of ₹15,000.
• Possess relevant work experience.

What documents are required to apply for a ₹4 lakh personal loan?

Trequired documents typically include:

• Identity proof (such as PAN card at the time of Video KYC

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