Get a ₹4 Lakh Personal Loan Instantly!

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Why Choose a ₹4 Lakh Personal Loan

Need cash for a medical emergency? Want to buy a new laptop? Planning to take up an online course? For every big or small financial need, a ₹4 lakh Personal Loan will come in handy.

You can get approved for a personal loan on Zype without any document uploads. Just enter your PAN & Aadhaar number along with some other basic details and get a loan approval within 60 seconds. Zype also offers flexible repayment options of 3, 6, 9 or 12 EMIs so that you can choose a repayment plan that fits your budget.

Why take a ₹4 Lakh Loan from Zype?

Taking a personal loan from Zype means avoiding a lengthy application process & waiting days to get approved. But that’s not it. Here are some more reasons to choose Zype:

Collateral Free Loan

Zype offers unsecured personal loans so you can enjoy the convenience of instant cash loan without having to give any collateral. This means you don’t have to pledge any of your assets to get access to the cash you need.

Approval and Disbursal

Flexible Repayment Options

With Zype, the flexibility of borrowing doesn’t end after you receive the cash in your account. You can get a ₹4 lakh Personal Loan & repay it in 3, 6, 9 or 12 EMIs.

No Collateral Required​

Instant Approval & Quick Disbursal

Get super-fast loans from Zype where you can get approved for a personal loan in less than 60 seconds and have the money in your account on the same day!

Competitive interest rate

Competitive Interest Rates

Get the best interest rate on your personal loan based on your credit profile. Zype offers interest rates starting at as low as 1.5% per month.

No documentation or paperwork

No Documentation or Paperwork

You don’t have to upload any document to complete your application on Zype. Just submit your PAN & Aadhaar number along with other basic details and get a ₹4 lakh Loan instantly.

Collateral free loans

₹4 Lakh Loan EMI Calculator

Loan Amount (in rupee)



Interest Rate (in %)



Loan Term (in months)



Total Interest Payable

Total Payment
(Principle + Interest)

Your EMI is

How to Calculate a ₹4 Lakhs Personal Loan EMI?

When you calculate the EMIs of your personal loan for different tenures, you can choose a repayment plan that suits your budget and even compare loan offers across various lenders.

This is the formula to calculate your ₹4 lakhs personal loan EMI.

E = 400000 x R x (1+R)^N / [(1+R)^N-1], where

E is your personal loan EMI amount

R is the monthly interest rate

N is the no. of months of EMI payment

You can either use this formula or use Zype’s ₹4 lakh loan EMI calculator.

Personal Loan Repayment

Documents Required For ₹4 Lakh Personal Loan

Complete your loan application process on Zype without any required document uploads or paperwork. This is all that you will need:

Mandatory documents
Proof of photo identity

After you get approved for a loan from Zype, complete a selfie verification to complete your KYC & unlock your loan. Since this is real-time photo verification, you don’t need to upload any documents.

Proof of photo identity
Mandatory documents

You will have to enter your PAN & Aadhaar number to get a credit offer & to complete your KYC. (Physical copy not required)

Proof of Income
Proof of Income (Optional)

Want to apply for a higher credit limit? Get approved for an increased limit just by uploading your bank statement for the last 4 months.

Eligibility Criteria for ₹4 Lakh Personal Loan

On Zype, meeting the ₹4 lakh personal loan eligibility criteria is simple! This is all you need to complete your application:


18 years or above


Indian with a valid PAN & Aadhaar card.

Work experience
Work experience

Salaried individual

15000 Salary
Monthly Salary

Monthly income of at least ₹15,000

Interest Rates & charges on ₹4 Lakh Loan

Minimalist Table
Fees & Charges Amount Chargeable
Interest Rate Starting at as low as 1.5% (monthly)
Loan Processing Charges Processing fees from 2% to 6% on every loan
Interest on Overdue EMIs Penal interest and late fees will be charged to your total outstanding loan on a daily basis

EMIs for ₹4 Lakh Personal Loan for 3-12 Months

It is very important to understand your EMI options before taking a personal loan. By doing this you will be able to repay your loans on time and plan your budget better.

Zype offers flexible repayment options so you can repay the loan on your terms. You can borrow the money you need and choose to repay in 3, 6, 9 or 12 EMIs.

This is what your EMIs for ₹4 lakh personal loan will look like when you take a loan from Zype at 18% annual interest rate:

Minimalist Table
Loan Amount Interest Rate Tenure (in months) EMI in Rs
Rs 400000 18% 3 Rs 137353.18
6 Rs 70210.09
9 Rs 47843.93
12 Rs 36672
*Note – All the above numbers are for representation only. The final interest rate may vary depending on the profile assessment.

How to Apply for a ₹4 Lakh Personal Loan?

Complete your personal loan application in less than 8 minutes by following these simple steps :

1) Get the Zype app from PlayStore or AppStore & create your account.

2) Fill out some basic details like your phone number, email address & PAN number.

3) Get an approved loan offer based on your credit profile

4) Complete your KYC by adding your Aadhaar number & doing a selfie verification to unlock your credit limit

5) Choose the amount you want to transfer from your credit limit along with a repayment plan

Get the money directly to your account in 24 hours!

Frequently Asked Questions

Can I Get an Instant Personal Loan of 4 Lakhs Without a CIBIL Score?

Yes, you can. Zype offers personal loans even to those customers who don’t have a credit history. You only need a valid PAN card and a minimum monthly salary of ₹15,000 to get personal loans up to ₹4 lakhs.

Can I Avail 4 Lakh Loan Without Documents?
Yes, you can. There are many lenders and instant loan apps that provide loans without any documents. Zype is such a loan app that only needs your PAN and Aadhaar number to give you a personal loan.
How to Get a 4 Lakh Personal Loan Without Collateral?

There are many lenders and loan apps like Zype that offer unsecured personal loans. This means you can get a ₹4 lakh Loan without providing any assets.

What are the Factors that can Affect ₹ 4 Lakh Personal Loan EMI?

The EMIs of your ₹ 4 lakh loan depend on the offered interest rate, processing fee & loan tenure you choose.

Can I Get the Lowest Interest Rate on a ₹ 4 lakh Personal Loan?

The interest rate you’re offered on your loan depends on how good your credit profile is. If you have a high credit score & a good repayment history, you can get the lowest interest rate on a ₹4 lakh Personal Loan.

Can I Get the Lowest Interest Rate on a ₹ 5 Lakh Personal Loan?

Your interest rate depends on many factors like your credit score & repayment history. If you have a good credit profile, you can get a low-interest rate on your loan. Zype offers loans that start just at 1.5% interest (monthly)

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