Navi provides up to 5 lakh paperless loans. Submit your KYC documents & the loan will credit to your bank account.
Navi instant personal loan is a fully digital process. This is an unsecured loan. You can apply for Navi instant loan with minimum documents.
Navi Instant Personal Loan Quick Recap
|Interest rate||12-30% per annum on reducing balance|
|Loan Amount||From Rs. 10,000 to 5 lakh|
|Credit Score||Minimum 650 or above|
|Loan Tenure||From 3 to 60 months|
|Eligibility Age||18 to 65 years|
|Processing Fees||2.5% of Loan Amount + GST Charge|
|Who Can Apply||Self Employed/ Salaried Person/ Student|
Navi Instant Loan App
Navi is a digital lender that provides instant loans up to 5 lakh. This process is fully online. Just need KYC documents to apply for Navi instant loan & money will be credited to your bank account within 24 hr.
Navi Instant Personal Loan Benefits
Minimum Documents: You can apply for an instant loan from Navi with a Pan card & Aadhaar Card only. It is enough to get a loan.
Lower Interest Rate: Navi offering a lower rate of interest. Pay interest rate on reducing the loan amount.
Quick Process: Navi takes 24 hours to process the eligible loan amount compared to other banks.
Flexible EMI: Repay your loan EMI from 3 to 60 months. Choose EMI as per your requirement.
Instant Credit: If you are eligible for a loan, money will be credited to your bank account within 24 hours.
Navi Loan Interest Rate, Fees & Charges
|Interest rate||12% to 30% per year|
|Processing fee||2.5 % of the loan amount (minimum Rs 500+GST and maximum Rs 5,000+GST)|
|Minimum Loan Tenure||3 month|
|Maximum Loan Tenure||60 month|
Navi Loan Eligibility Criteria
- You must be an Indian.
- Age should be 18 years or above.
- Good Cibil history for a quick approval.
- Minimum cibil score 650 required
- Navi loan will be eligible for selected areas:
Documents Required for Navi Instant Loan
- Pan Card
- Aadhaar Card
- Bank Account
How much Loan amount gets from Navi App
Navi provides Rs. 10,000 to 5 lakh loan amount. It’s depending on your credit history. If you have a good cibil score, you will get a higher amount loan from Navi.
Types of Loan Navi provides
Travel Loan: For travel-related costs, a travel loan is available. You can get a travel loan if you wish to go on a vacation or a trip but don’t have the finances to do so.
Medical Loan: Get a quick Medical loan for medical expenses. Navi gives you an instant medical loan for basic needs.
Wedding Loan: If you or a family member is married and needs money to cover the costs of the wedding, a wedding loan could be able to help.
Top-up Loan: This is another type of personal loan. Get a top-up loan from the Navi app for additional expenses.
Renovation Home Loan: Instant renovation home loan available for redecorating your house.
Personal loans can be used for any financial necessity because the lender does not check how the money is spent.
Loan for debt consolidation: You can use a debt consolidation loan to pay off all of your bills if you have several. Consolidating your credit card debt is quite easy with a debt consolidation loan.
How to apply for Navi Instant Loan
Following are the steps to apply for Navi instant loan:
Step 1 Install Navi app from play store.
Step 2 Permit to access your basic details to Navi.
Step 3 Verify your mobile no through OTP.
Step 4 Select the type of loan. Navi provides Personal loans & Home loans. Select for a personal loan. If you get a Home loan, you need to submit Building documents.
Step 5 Fill up your details.
Step 6 Give your working details & monthly salary.
Step 7 Fill in more details about you.
Step 8 Give your pan no, DOB & pin code. Click on apply.
After that, Navi will check your details & if you are eligible to get the loan, they will take bank account details. It takes around 10 minutes to check your eligibility.
Navi Instant Loan Customer Care Number
- Contact Emil Id: [email protected]
- Navi Official Address: Navi Technologies Pvt Limited, 3rd Floor, Salarpuria Business Center 93, 5th A Block, Koramangala, Bangalore Pin-560095