How to take a personal loan with Navi App now? mskearnings.com

How to take a personal loan with Navi App now?

In this article How to take Personal Loan with Navi App? (Navi App Se Personal Loan Kaise Le) information has been given in detail. Navi App Personal Loan Details – Features, Loan Amount, Interest Rate, Loan Tenure, Eigibility Criterion, Documents, Apply Online, Customer Care Number Get all the information in this post.

If marriage, education, medical or other personal expenses are in front and loan is required for them, then Navi App provides personal loan sitting at home without any hassle. So you don’t need to go anywhere. By using smart phone and technology sitting at home, you can take loan very easily. The Navi app has made it very easy to take a loan, where you can take a loan of up to ₹ 20 lakhs and meet your needs through a paperless method.

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How to take a personal loan with Navi App? If you want to know this, then read this article completely. Navi App Personal Details are being given here in detail :

What is Navi App? , Navi App Detail

Navi App is a digital platform that offers Instant Personal Loan, Home Loan, Health Insurance. This app is an app of Navi Technologies Private Limited, which was launched in the year 2020.

Navi App Loans (Personal Loan and Home Loan) are issued by RBI Registered Non-Banking Finance Company ‘Navi Finserve Private Limited’ (Navi Finserv P. Ltd.).

An instant personal loan up to ₹20 lakh can be availed through the Navi app, provided for a monthly repayment range of minimum 3 months to a maximum tenure of 72 months. The entire loan process is online.

The Navi Lending App available on Google Playstore has more than 1,00,00,000 downloads so far. Navi App Personal Loan can be taken at the time of sudden need of money.

How to download Navi app? , Navi Personal Loan App Download

Navi app can be downloaded from google playstore. Its process is as follows –

  1. Go to Google Play Store.
  2. Go to the search box and search type Navi personal loan app. Navi App Navi App will appear in the search result .
  3. Install the app by clicking on Install.

Features of Navi pp Personal Loan | Navi App Personl Loan Features 

The growing popularity of the Navi app for personal loans is due to the unique features of the loans offered by it, which are quite attractive. Let’s know about these features.

1. Loan from ₹ 10 thousand to ₹ 20 lakh

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A personal loan from a minimum of ₹ 10 thousand to a maximum of ₹ 20 lakh can be taken through the Navi app, that too with a very simple process and sitting at home.

2. Longer payment term of 36 months

Loans availed through Navi App can be repaid in easy monthly installments over a period ranging from 3 months to 36 months.

3. Attractive interest rate Interest rate

The Navi App Personal Loan interest rate ranges from 12% to 36%, which is lower than the rates offered by other institutions and is an attractive feature of Navi App Personal Loan.

4. Paperless Process

Nowadays no one wants to get into the paperwork. Loans are issued through the Navi app on the basis of Aadhaar card and PAN card information, which has to be uploaded on the app itself. Thus, it keeps the customers free from the hassle of paperwork.

5. Instant Loan Transfer

After the loan is approved, the money is transferred directly to the bank account, that too instant. It also takes only a few minutes for the application process and approval. Hence the long waiting time to get the type of loan gets rid of.

6. Bank statement and salary sleep not required

There is no need of bank statement and salary slip to avail Navi App personal loan. This app provides instant loan after KYC. Aadhar and PAN card details have to be filled for KYC. In this way the process of taking loan has been simplified from the simplest.

7. No security deposit or collateral required

There is no need to deposit any security amount, nor any collateral security to avail a personal loan from Navi App. You can take a personal loan from Navi App without any security deposit.

Navi App Personal Loan Details

Loan Amount₹10,000 – ₹20,00,000
Loan Tenure3 – 72 Months
Interest Rate9.99 % – 36% Per Year
Processing Fees2.5% – 6% (Min ₹1490+GST & Max ₹7499+GST
Age20 – 50 Years
Credit HistoryNot RequiredNavi

How much personal loan can be taken from Navi App ? , Navi App Personal Loan Amount

One can avail a personal loan from ₹ 10 thousand to ₹ 20 lakh through the Navi app and fulfill your financial needs. Personal loan is approved only after fulfilling the prescribed eligibility conditions and interest is to be paid on the loan amount at a fixed rate. 

Navi Loan App Personal  LoanMin. AmountMax. Amount
₹10,000₹20,00,000

What is the Navi App Personal Loan interest rate? Navi App Personal Loan Interest Rate

The minimum interest rate on Navi App is 9.99% p.a., while the maximum interest rate is 36% p.a. Personal loan can be availed from Navi app by paying monthly EMI at these rates.

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Navi Loan App Personal  LoanMin. Interest RateMax. Interest Rate
9.99% Per Year36% Per Year

Example :

Loan Amount = ₹50,000

Tenure = 12 Months

Interest Rate = 22%

EMI = ₹4680

Total Interest Payable = ₹4680 x 12 months – ₹50,000 Principal = ₹6160

Processing Fees  (Inc. GST) = ₹1475

Disturbed Amount = ₹50,000 -₹1475 = ₹48,525

Total Amount Payable = ₹4680 x 12 Months = ₹56,160  

Total Cost On Loan Amount = Interet Rate + Processing Fees (₹6160 + ₹1475 = ₹7635)

Navi Loan App Personal Loan Tenure

Personal loan from Navi Loan App can be availed for a repayment period of 3 months to a maximum tenure of 72 months. During this period, payment can also be made through digital method by obtaining loan through digital method.

Navi Loan App Personal  LoanMin. Time PeriodMax. Time Period
 3 Months72 Months

Processing Fees For Navi App Personal Loan

The minimum processing fee at the time of applying for personal loan in Navi Loan App is 2.5% and maximum is 6%, in which GST will also apply.

Eligibility Criteria

There are prescribed eligibility criteria for availing Navi App Personal Loan. Make sure to check those eligibility conditions before applying for the loan.

Eligibility conditions for availing personal loan from Navi app:

1. You must be a citizen of India.

2. You must be above 18 years of age.

3. You must have PAN and Aadhar card.

4. You have a good credit score.

Documents Required

To avail a personal loan from Navi App, only two documents are required, which are to prove your identity.

  1. Pan Card
  2. Aadhar Card

How to Apply for Personal Loan with Navi App? 

The process of applying for a personal loan with the Navi app is completely online, which can be easily completed from the comfort of your home or mobile phone. Follow these steps to apply for a personal loan in Navi app:

  1. First of all download the Navi App from the Google Play Store.
  2. After downloading the app, register with your mobile number. For this you have to create your account by signing up in Navi app. Enter your mobile number and click on Get OTP. Verify your account with the OTP received on the mobile entered. Once the account is verified, you are registered on the Navi app.
  1. After logging in, you will see two types of loan options: Personal Loan and Home Loan. Select the Personal Loan option to avail Navi App Personal Loan.
  2. After that your basic details will be asked. The following basic details have to be entered in the Navi app –
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(i) Name as mentioned on the PAN card.

(ii) Marital Status

(iii) Employment Type – Salaried, Unemployed, Student, Retired etc.

(iv) Monthly Income

(v) Industry in which you work.

(vi) Reason for taking loan

(vii) Minimum Educational Qualification

(viii) PAN Card Number

(ix) Date of Birth as recorded on the PAN Card.

(x) 6 digit pin code of your place of residence

  1. After filling the basic details click on the option of Submit Application to submit the application. The loan application process will take a few minutes. In case the application is accepted, you can complete the further steps. In case the application is rejected, you will have to wait for 90 days to apply for the loan again.
  2. After the application is accepted, select the loan amount and Monthly EMI.
  3. Complete your KYC by filling Aadhar card details/uploading Aadhar card and upload a selfie.
  4. Enter the details of the bank account to which the loan amount is to be transferred.
  5. Within no time the loan amount will be transferred to your bank account.

You can apply for a personal loan on the Navi App through the above steps.

Navi App Operational City | Navi App Operational Cities

Delhi NCR – New Delhi, Gurgaon, Noida, Greater Noida, Ghaziabad, Faridabad

Maharashtra – Mumbai, Navi Mumbai, Thane, Ahmed Nagar, Kolhapur, Aurangabad, Nashik, Satara

Karnataka – Bangalore, Mysore, Kolar, Dhadwal, Udupi, Hassan, Mandya

Tamil Nadu – Chennai, Trichanapally, Madurai, Erode, Salem, Vellore

West Bengal – Kolkata, Howrah, Hooghly

Punjab – Amritsar, Ludhiana, Jalandhar, Mohali, Ropar, Bathinda, Fatehgarh Sahib, Chandigarh

Gujarat – Ahmedabad, Vadodara, Valsad

Telangana – Hyderabad, Secunderabad, Mehboob Nagar

Madhya Pradesh – Indore

Orissa – Bhubaneshwar, Cuttack

Rajasthan – Jaipur, Udaipur, Ajmer, Kota, Alwar, Jhunjhunu

Uttar Pradesh – Ghaziabad, Lucknow, Noida, Jhansi

Uttarakhand – Dehradun

Bihar – Patna, Gaya

Jharkhand – Ranchi

Andhra Pradesh – Visakhapatnam, Chittor, Anantapur, Guntur, Krishna, East Godavari

Haryana – Ambala, Karnal, Kurukshetra, Panchkula, Panipat

Kerala – Ernakulam, Kollam, Kottayam, Thrissur, Thiruanthapuram

Pondicherry – Pondicherry

Navi App Customer Care Contact Number | Navi App Customer Care Number

customer care number

814754455

customer service email

help@navi.com

Warning

All the information given in this article has been given on the basis of online sources. Before taking a loan from any app, check the veracity of that loan yourself and apply for the loan only after you are completely satisfied and avoid fraud.

Hope you found navi app personal loan details useful. Be sure to subscribe to the website for similar information related to finance and loans. Thank you.

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