Loan Navi is a mobile app that lets you apply for personal loans online. You can use Loan Navi to borrow money for various purposes, such as education, medical expenses, travel, home improvement, or business. Loan Navi offers loans ranging from ₹5,000 to ₹5,00,000, with interest rates starting from 11.99% per annum. You can choose a repayment period of 3 to 36 months, depending on your loan amount and eligibility.
What is it?
The Navi App Instant Personal Loan is an unsecured loan, meaning it doesn’t require collateral like a car or house. You can borrow anywhere between ₹10,000 and ₹20 lakh for various purposes, like medical emergencies, home repairs, or unexpected bills.
Benefits of Loan Navi App
Some of the benefits of using Loan Navi app are:
- You can get instant approval and disbursal of your loan amount within minutes.
- You can check your eligibility and credit score for free on the app.
- You can compare and choose the best loan offer from multiple lenders on the app.
- You can manage your loan account and repayments easily on the app.
- You can avail of flexible and customized loan options to suit your needs and budget.
Things to Remember Before Taking Loan Navi App
Before you take a loan on Loan Navi app, you should remember these things:
- You should only borrow as much as you need and can repay comfortably.
- You should compare the interest rates, fees, and charges of different lenders before choosing a loan offer.
- You should read the loan agreement carefully and understand the terms and conditions of the loan.
- You should repay your loan on time and avoid any late payment penalties or defaults.
- You should use the loan amount responsibly and for the intended purpose.
How does it work?
Here’s a simplified breakdown:
- Download the Navi App: Available on Google Play Store and App Store.
- Check Eligibility: Enter basic details (name, phone number) to see if you qualify.
- Choose Loan Amount and Tenure: Select the desired amount and repayment period (up to 60 months).
- Complete KYC: Use your PAN card and Aadhaar card for online verification.
- Link Bank Account: Provide your bank details for loan disbursement (if approved).
- Approval and Disbursement: If approved, funds are transferred to your account within minutes.
How to Apply for Loan Navi App
To apply for a loan on Loan Navi app, you need to follow these steps:
- Download and install the Loan Navi app from the Google Play Store or the Apple App Store.
- Register and create your profile on the app by providing your basic details, such as name, phone number, email, and PAN.
- Verify your identity and address by uploading your Aadhaar card and other documents on the app.
- Check your eligibility and credit score on the app and select the loan amount and tenure that you want.
- Choose the best loan offer from the available lenders on the app and accept the terms and conditions.
- Provide your bank account details and complete the KYC verification on the app.
- Receive the loan amount in your bank account within minutes.