How to take Instant Personal Loan from Navi Loan App | Navi Instant Personal Loan App Review | Navi Personal Loan App

There are times when you are in need of money for some emergencies that may arise without warning and maybe you are not prepared 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 Instant Personal Loan App, fill in the required details, get your loan approved and it will be disbursed to your savings account.

In this blog, I have explained in detail about Navi Personal loan App, Navi Instant Personal Loan Eligibility, Documentation required to avail Navi Personal Loan, Navi Instant Personal Loan Interest rate & other charges, step by step process to avail Navi Instant personal loan, How to download Navi Personal Loan App from Google Play Store and Apple iPhone app store.

 Table of Content:

1.      What is a Navi App?

2.      How much loan can you avail of from Navi Personal Loan?

3.      What is Navi Instant Personal Loan Eligibility?

4.      What documents are required for availing Navi Personal Loan?

5.      What is Navi Instant Personal Loan Interest rate & other charges?

6.      Navi Personal Loan App features.

7.      Navi Instant Loan App Review & Example.

8.      How to download Navi App and step by step process to avail a personal loan?

9.  Navi Instant Personal Loan Customer Care Number.

10.  FAQ’s

11.  Conclusion.

 

What is Navi App?

Navi is an Instant digital loan platform. It provides Personal loans up to 5 lacs for a maximum tenure of 36 months and any Indian Aadhar card & Pan Cardholder can avail of the personal loan. Flipkart co-founder “Sachin Bansal” has launched Navi – Instant Personal & Home 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 1.5 crores or 90% of the property value for a tenure up to 25 years.

“Navi Finserv Private Limited (A Non-Deposit taking Systemically Important NBFC registered and regulated by the RBI) is our lending partner and is a Company within the Navi Group of Companies carrying the Navi Brand. Navi App is a platform facilitating the loan transactions between the borrowers and the Navi Finserv Private Limited, an NBFC registered with the RBI.”

How much loan can you avail of from Navi Personal Loan?

Navi Instant Personal Loan offers a loan from a range of ₹10,000 to ₹5,00,000 for a period of 3 months to 36 months depending upon your personal loan requirement.

What is Navi Instant 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.

What documents are required for availing Navi Personal Loan?

Minimal documents are required to avail of an instant personal loan from Navi. You will be required to upload Aadhar Card, PAN card, and a selfie.

 

What is Navi Instant Personal Loan Interest rate & other charges?

Navi loan app offers personal loans up to ₹ 5,00,000 at an interest rate of 12% to 36% per annum (on Reducing Principal Balance interest calculation) for a period of 3 months to 36 months. Apart from this a processing fee from 2.5% to 6% (Min ₹1,499+GST and Max ₹7,499+GST) will be charged according to the loan amount.

Navi Personal Loan App features.

●        Up to ₹5,00,000 limit.

●        Instant money transfer to a bank account.

●        No bank statement or salary slip requirement.

●        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.

Navi Instant Loan App 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

 

Review -

Like any other personal loan app, even Navi instant 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 instant personal loan immediately. It is a good and easy-to-use app, but finally, loan approval and amount will depend on your previous track record.

How to download Navi App and step-by-step process to avail a personal loan?

1. Search for Navi - Instant Loans & Mutual Funds App on Google Playstore 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 to check loan eligibility.

5. Choose the loan and EMI amount of your choice.

6. Complete the KYC with a selfie and Aadhaar.

7. Enter bank details for money transfer.

8. Done.

 

Navi Instant Personal Loan Customer Care Number.

For loan-related queries, email at help@navi.com

For mutual fund-related queries, email at mf@navi.com

Call us at 8147544555.

 

Frequently Asked Questions? FAQ’s

 

How to apply for a personal loan through the Navi App?

You can download Navi Instant Loan & Mutual Funds from 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 taking 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 be rest assured that the Navi Loan app is safe and secure as far as you take the responsibility to safeguard your personal information with a secure password.

 

What is the interest rate on Navi app?

Interest rate range from 12% to 36% per annum for a period of 3 months to 60 months.

 

Conclusion -

In this blog I have tried to explain How to take a personal loan from Navi Instant Personal App and I hope you have all your queries solved.

Loan process is very simple and it is very easy to take a loan from the Navi loan app.