Navi Loan App: How to Apply for Loan up to 20 Lakes

Are you in need of immediate financial assistance? Look no further! Introducing Navi Loan App – your one-stop solution to all your cash needs. With just a few taps on your smartphone, you can now access instant cash whenever and wherever you need it.

The information regarding the process of taking a loan from the Navi App, eligibility criteria, required documents, loan amount, interest rates, and how to contact Navi is available in this article. Therefore, please read the entire article to get complete information about Navi App Loans.

What is Navi Loan App?

Navi Loan App is a mobile app that allows you to apply for a loan in minutes. The app is available on both the Google Play Store and the App Store. You can download the app to sign up and access a host of products, including personal loans, home loans, and health insurance with zero paperwork.

Ex-CEO of Flipkart Sachin Bansal launched the Navi loan application in 2020. It is operated by Navi Technologies Limited. Navi Finserv Limited is an RBI registered Systemically Important Non-Deposit Taking NBFC (ND-SI) which lends through the Navi App. Navi Technologies is the digital lending partner of Navi Finserv.

Is Navi Loan App Fake or Real?

Benefits of using the Navi loan app

Navi Loan App, It is a digital app that provides simple, affordable, and accessible financial products and services. There are many benefits to using the Navi loan app, including:

  • Instant approval: You can get approved for a Navi loan in minutes, so you don’t have to wait days or weeks to get the money you need.
  • 100% Paperless Process: The Navi loan app is a paperless process, so you don’t have to worry about filling out any lengthy forms or providing any hard copies of documents.
  • Flexible EMI options: You can choose the EMI amount that best suits your budget, so you can afford to repay your loan comfortably.
  • Simple & Secure Process: The Navi loan app is very easy to use. You can apply for a loan in just a few minutes by following the simple steps on the app. It is a secure lending platform. Your personal information is protected by the latest security measures.
  • Competitive interest rates: Navi offers competitive interest rates on its loans, so you can save money on your monthly payments.
  • Minimal Documentation: Say goodbye to heavy paperwork. Get instant personal loans of your choice with Navi at attractive interest rates. All you need is your PAN card as the primary document, that’s it!

Who is eligible for a Navi loan?

Navi loans are available to Indian citizens who meet the following eligibility criteria:

  • Age: You must be at least 18 years old and not older than 65 years old.
  • Citizenship: You must be an Indian citizen.
  • Residence: You must be a resident of India.
  • Income: You must have a minimum monthly income of INR 15,000.
  • Credit score: You must have a minimum credit score of 675.
  • Documents: You must provide certain documents to verify your identity and income, such as your PAN card, Aadhaar card, and bank statement.

If you meet these eligibility criteria, you can apply for a Navi loan through the Navi app. The application process is quick and easy, and you can get approved for a loan in minutes.

Here is the Navi Personal Loan Rate and Charges

Interest Rate:9.9% – 45% p.a.
Loan Amount:Up to ₹20 Lakh
Tenure:Upto 72 months
Preclosure Fees:Nil
Navi Personal Loan Interest Rate and Charges

Eligibility Criteria and Documents Required

The following documents are required to apply for a Navi personal loan:

  • Indian Citizen
  • Age: 21-65
  • Aadhaar Card, PAN Card
  • Salaried or self-employed Annual income > 3 Lakh
  • CIBIL score  greater than 750

How to Apply for Personal Loan in Navi Loan App

Here are the steps in detail:

  1. Download the Navi app. You can download the Navi app from the Google Play Store or the App Store.
  2. Create an account. Once you have downloaded the app, you will need to create an account. This is a quick and easy process. You will need to provide your name, email address, and mobile number.
  3. Enter your basic details. Once you have created an account, you will need to enter your basic details. This includes your PAN card number, Aadhaar card number, and date of birth.
  4. Select the loan amount and tenure. Next, you will need to select the loan amount and tenure. You can choose a loan amount of up to INR 20 lakhs and a tenure of up to 60 months.
  5. Complete your KYC verification. To complete your KYC verification, you will need to upload a copy of your PAN card and Aadhaar card. You will also need to take a selfie with your PAN card and Aadhaar card in your hand.
  6. Link your bank account. Finally, you will need to link your bank account. This is so that the funds can be transferred to your account if your loan is approved.

Once you have completed these steps, your loan application will be submitted. Navi will review your application and approve or decline your loan within minutes. If your loan is approved, the funds will be credited to your bank account within 24 hours.

Conclusion

If you are looking for a quick and easy way to get a loan up to 20 lakhs, the Navi loan app is a great option. With its instant approval, no paperwork, and flexible EMI options, the Navi loan app can help you get the money you need when you need it.

FAQ

How much can I borrow with the Navi loan app?

You can borrow up to INR 20 lakhs with the Navi loan app.

How long does it take to get approved for a Navi loan?

Navi will review your application and approve or decline your loan within minutes. If your loan is approved, the funds will be credited to your bank account within 24 hours.

What are the repayment terms for Navi loans?

Navi loans have a repayment period of up to 60 months. You can choose the EMI amount that best suits your budget.

What are the fees associated with Navi loans?

Navi charges a processing fee of 3.99% to 6% on its loans. There are no other hidden fees.

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