There are times when you require money for some emergencies, that may arise without warning and maybe you need to prepare financially. At these times if you need instant money and plan to go to the bank to take a personal loan it usually takes a few days to avail of a personal loan. But now you have an option to get the personal loan literally in a matter of minutes. You just have to download the Navi Loan App, fill in the required details, get your loan approved and it will be disbursed to your savings account.
Learn the simple steps to take a personal loan from Navi Loan APP, ensuring you understand the process from start to finish. Dive into comprehensive reviews that shed light on what to expect and how to maximize your loan experience. Get clear insights on competitive interest rates, ensuring you make an informed decision. Understand the eligibility criteria to determine if Navi Loan is the right choice for your financial needs. Accessible customer care is a highlight, supporting you whenever you need assistance or have queries about your loan.
What is a Navi Loan App?
Navi Loan App is an Instant digital loan platform. It provides Personal loans up to 20 lacs for a maximum tenure of 48 months and any Indian Aadhar card & PAN card holder can avail of the personal loan. Flipkart co-founder “Sachin Bansal” has launched the Navi: UPI, Investments & Loans App to provide instant personal loans targeted at consumers in the middle-income segment. The loan process is completely digital and contactless.
Navi Loan App also offers Home Loans up to 5 crores or 90% of the property value for a tenure of up to 30 years. Health Insurance and Mutual Funds are also offered by Navi.
Navi Loan App Details
| Loan App | Navi: UPI, Investments & Loans |
| Navi Loan Amount | Upto ₹20,00,000 |
| Navi Personal Loan Interest Rate | 9.9% to 45% per annum on Reducing Balance Basis |
| Application Process | Completely Online |
| Loan Tenure | Min. 3 months to Max. 48 months |
| Processing fees | NIL |
| Who can apply | Salaried and Self-Employed |
| Eligibility Age | 21 to 65 years |
| Documents Required | PAN card & Aadhar Card |
How much of a loan can you avail yourself of from Navi Loan?
Navi Loan offers a loan from a range of ₹10,000 to ₹20,00,000 for a period of 3 months to 48 months depending upon your personal loan requirement.
What is Navi Personal Loan Eligibility?
Navi offers instant personal loans to middle-class Indians at attractive interest rates through its mobile app which can be downloaded from the Google Play Store and within a few minutes users can check their loan eligibility along with the loan amount and interest rate offered.
Navi Personal Loan Eligibility
- Should be an Indian Citizen.
- Age Limit – 21 to 65 years.
- Pan Card Holder.
- Salaried or Self-Employed, with an annual income of more than 3,00,000 Rupees.
- CIBIL Score above 750.
What documents are required for availing of Navi Personal Loan?
Minimal documents are required to avail of an instant personal loan from the Navi Loan App. You will be required to upload an Aadhar Card, PAN card, ban and a selfie.
What is the Navi Personal Loan Interest rate & other charges?
Navi loan app offers personal loans up to ₹ 20,00,000 at an interest rate of 9.9% to 45% per annum (on Reducing Principal Balance interest calculation) for a period of 3 months to 48 months. Apart from this a processing fee from 2.5% to 6% (Max ₹7,499+GST) will be charged according to the loan amount.
Navi Personal Loan App features.
- Up to ₹20,00,000 limit.
- Instant money transfer to a bank account.
- 100% paperless process.
- Minimal documentation. No printouts are required.
- Flexible loan and EMI amount options.
- Instant eligibility check.
- No security deposit (collateral).
- Zero foreclosure charges.
Also Read – PaySense Personal Loan Review, Eligibility, Interest Rate, Process
Navi Loan Review & Example.
Example –
- Loan Amount: ₹50,000
- Tenure: 12 Months
- Interest Rate: 22% (on Reducing Principal Balance interest calculation)
- EMI Amount: ₹4,680
- Total Interest Payable: ₹4,680 x 12 months – ₹50,000 Principal = ₹6,160
- Processing Fees (incl. GST): ₹1,475
- Disbursed Amount: ₹50,000 – ₹1,475 = ₹48,525
- Total Amount Payable: ₹4,680 x 12 months = ₹56,160
- Total Cost of the Loan = Interest Amount + Processing Fees =
₹6,160 + ₹1,475 = ₹7,635
Navi Loan Review –
Like any other personal loan app, even the Navi personal loan app will give you a loan if your CIBIL score is 750 minimum and also if you have not defaulted on any loans before. There are instances where people with good scores have received loans from Navi personal loan immediately. It is a good and easy-to-use app, but finally, loan approval and the amount will depend on your previous track record.
How to download Navi Personal LoanApp and a step-by-step process to avail of a personal loan?
1. Search for Navi: UPI, Investments & Loans App on Google Playstore and Apple App Store and install the app on your mobile. Available for Android & iPhone.
2. Select the “Navi Personal Loan”
3. Register using a mobile number.
4. Fill in your basic details and check Navi Personal loan eligibility.
5. Choose the Navi loan amount and Tenure.
6. Complete the KYC with a selfie, PAN and an Aadhaar.
7. Enter bank details for Instant money transfer in your bank account.
Navi Personal Loan Customer Care Number.
For loan-related queries, email help@navi.com
For mutual fund-related queries, email mf@navi.com
Call us at 8147544555.
Navi Personal Loan FAQ’s
How to apply for a personal loan through the Navi App?
You can download Navi: UPI, Investments & Loans app from the Google Play Store, register with your mobile number linked with an Aadhar card, select the amount as per requirement and check your eligibility on the app. If a loan amount is approved, upload your documents like Aadhar card, PAN card, selfie, and Bank details and get the amount transferred to your account.
Is the Navi loan app safe?
Navi is a loan app providing loans through Navi Finserv Private Limited which is a registered Non-Deposit systemically important Non-Banking Financial Company registered and regulated by the RBI.
Can we take a loan from the Navi app?
You tend to worry about your security and privacy when you take a loan from any loan app, but rest assured that the Navi Loan app is safe and secure as long as you take the responsibility to safeguard your personal information with a secure password.
What is the interest rate on the Navi app?
Navi Personal loan interest rates range from 9.9% to 45% per annum for a period of 3 months to 48 months.
What is the minimum salary required for a Navi Personal Loan?
The Minimum salary required to avail of a personal loan from Navi Loan App is Rupees 3,00,000 Per annum.
Conclusion –
In this blog, I have tried to explain How to take a personal loan from Navi Personal App and I hope you have all your queries solved.
The loan process is very simple and it is very easy to take a loan from the Navi loan app.
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