Indian Bank Personal Loan of 4 lakh

Have you ever faced an unexpected situation that required immediate financial attention? Maybe a sudden medical bill, critical home repairs, or a unique educational opportunity arose. Whatever the reason, Indian Bank's ₹400,000 personal loan understands the urgency of such moments. We aim to provide swift financial support to help you navigate these unforeseen circumstances. On this page, we'll explain everything you need to know, including eligibility requirements, interest rates, and repayment options. Let's explore how this personal loan can address your pressing needs and quickly get you back on track.

Personal Loan Options For 4 lakh In Indian Bank

• Salary Loan (Clean Loan)
• Education Loan – Subsidy Schemes 
• Loan / Od Against Deposits
• Reverse Mortgage 
• Ib Vehicle Loan 
• Ind Mortgage 
• Ib Plot Loan 
• Loan / Od Against Nsc / Kvp / Relief Bonds Of Rbi / Lic Policies 
• Ib Home Advantage And Ib Home Enrich 
• Ib Education Loan (Iba) 
• Jewel Loan 
• Od Against Gold Jewels 
• Ib Loan Against Sovereign Gold Bond 
• Loan For Purchase Of “Van / Minibus / Bus / Ambulance
• Loan Against Lease Rentals 

Features Of Bank 4 lakh Personal Loan

The features of a ₹4 lakh personal loan from Indian Bank include:

• Competitive interest rates.
• Flexible repayment options, up to 7 years.
• Get a loan of up to 20 times the monthly GROSS salary
• Quick processing, with the potential for in-principal approval instantly online.
• An unsecured loan, not requiring collateral. But do need a co-applicant.
• Requires basic documentation like ID proof, address proof, income proof, etc.
• Option to apply online for convenience.
• It can be used for various personal needs, from home renovation to travel expenses.

Can I Get 4 lakh Personal Loan Instantly From Indian Bank?

Indian Bank’s personal loan process for qualified applicants is fast. While approval can be obtained instantaneously online, money can take a while to section. Upon final approval and verification, funds can be disbursed within 3 business days. 

What is the EMI for a 4 lakh Loan?

Eligibility Criteria 4 lakh Loan In Indian Bank

Eligibility for a 4 lakh loan at Indian Bank involves:

• Indian resident
• Age: 21 to 60 years for salaried, 23 to 65 years for self-employed
• Stable income; for salaried, employed for a minimum period (often 1-2 years), and for self-employed, a steady business record
• Take-home pay after EMI should be at least 40% of your gross income (this might vary).
• Good credit score (above 650 is recommended)

Documents Required 4 lakh Indian Bank Loan

For a ₹4 lakh personal loan from Indian Bank, you need:

• Identity proof (Aadhaar/PAN card)
• Address proof (Utility bill/Passport)
• Salary slips or earning records (last 3 months for salaried)
• Bank statement (last 6 months)
• ITR/Form 16 (last 2 years for self-employed)
• Proof of profession/employment
• Authorisation to debit SB account / ECS / NACH mandate.

How to Apply for a 4 lakh Personal Loan From Uban Money?

Apply for your ₹400,000 personal loan swiftly through Urban Money:

• Follow the link to our website’s personal loan page.
• Select the “Indian Bank Personal Loan” option and click on “Apply Now.”
• Provide basic information such as your name, phone number, and city, and verify your phone number with a one-time password (OTP).
• After submitting the form, an Urban Money representative will reach out to you to gather any necessary documents.