Navi loan app review: Navi Loan App is an instant personal loan app in India that offers instant cash loans up to ₹20 lakh anytime, anywhere with attractive interest rates starting from 9.9% per annum with flexible EMI options of up to 48 months. Navi Personal Loan is an unsecured loan without collateral or guarantors. The entire loan application process is digital, with no paperwork involved.
If you are considering taking a personal loan from Navi App, here is detailed information on how to take a loan from Navi App, including loan limits, interest rates, charges, eligibility criteria, and advantages and disadvantages.
Table of Contents
Navi loan details: personal loan!
| Minimum Loan Amount | Rs. 10,000 |
| Maximum Loan Amount | Rs. 20 Lakhs |
| Tenure | 3 to 72 months |
| Rate of Interest | 9.9% p.a. |
| Processing Fee | 3.99% to 6% of the loan amount |
| Collateral | Not required |
| Foreclosure Charges | Nil |
Navi Loan Calculator (%)
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Features of Navi Instant Personal Loan:
- Loan amount up to Rs. 20 Lakh.
- Processing fee: 3.99% to 6% (Rs. 1,499 to Rs. 7,499 + GST).
- Instant money transfer upon approval.
- No bank statements or salary slips required.
- 100% paperless process.
- Minimal documentation.
- Affordable interest rates starting at 9.9% p.a.
- Flexible tenure up to 72 months.
- Instant online eligibility check.
- No collateral or security deposit needed.
- Zero foreclosure charges on prepayment.
Benefits of Navi Instant Personal Loan:
- Fast approval and disbursal.
- Convenient, fully digital process.
- Flexibility in repayment and EMI options.
- No hidden charges for prepayment.
- Positive online reviews ensure trust and satisfaction.
Comparison: Navi Loan vs. Other Loan
| Lender | Interest Rate (p.a.) | Processing Fee |
|---|---|---|
| Navi Loan | 9.9% | Zero |
| Prefr Loan | 15% to 36% | 3% to 5% |
| Fibe Loan | 16% | 2% |
| CASHe Loan | 2.50% per month | ₹500 to ₹1,200 |
| Bharat Loan | 35% | 2% |
| RupeeRedee Loan | 12% to 36% | 10% to 15% |
| Olyv Loan | 18% to 30% | 2% to 12% |
| PayRupik Loan | 29% | 10% + GST |
| InCred Loan | 16% to 36% | 2% to 5% |
| IndiaLends Loan | 10.25% to 29.99% | 1% to 6% |
Navi loan eligibility criteria
To be eligible for a personal loan from the Navi app, you must meet the following criteria:
- Citizenship: Indian citizen.
- Age: 18 to 65 years.
- Documents: Aadhaar card and PAN card required.
- Employment: Salaried or self-employed.
- Income: Annual income above Rs. 3 lakh.
- Credit Score: CIBIL score greater than 750.
Documents for Navi loan
- Aadhaar Card
- PAN Card
- Last 6 months’ bank statements
- Selfie for verification
Navi loan interest rate & charges
- Interest Rate: 9.9% – 45% p.a.
- Processing Fees: No
- Foreclosure Fee: Nil
- Loan Amount: Up to ₹20 Lakh
- Loan Tenure: Up to 48 months
How to get loan from Navi app
- Download the Navi App from the Play Store or App Store.
- Enter the desired loan amount and check eligibility.
- Provide your PAN card and other required basic details.
- Choose your preferred tenure, up to 48 months.
- The loan amount will be credited to your bank account within minutes.
Navi loan app review: Personal Loan!
Here is the Navi Personal Loan review whether it is approved by RBI or not, fake or real, safe or not.
is navi loan app rbi approved
Yes, the Navi loan app (Navi Finserv Limited) is approved by the Reserve Bank of India (RBI) as a Systemically Important Non-Deposit Taking NBFC (ND-SI). Navi Technologies operates the Navi loan app for lending, but the regulatory oversight comes from Navi Finserv’s status as an RBI-regulated NBFC.
Navi loan app fake or real
Yes, the Navi loan app is a real and legitimate lending platform that offers a personal loan and cash loan of up to Rs. 20 lakhs. The app is available on the Google Play Store and the App Store, and it is approved by the Reserve Bank of India (RBI) as an NBFC.
Navi loan customer care number
The customer care number for Navi Loan is +91 81475 44555.
Address: visit their office at Bellandur, Bengaluru, Karnataka.
FAQ
what is navi loan app
Navi Loan App is a digital platform that offers a variety of financial services in a seamless and paperless manner through the app, including personal loans, home loans, UPI payments, investment options, and health insurance services.
Who is eligible for a Navi loan?
To be eligible for a Navi loan, you must be an Indian citizen aged 18 to 65 years, have an annual income above Rs. 3 lakhs, and a CIBIL score above 750.
What is navi loan age limit
The age limit for a Navi loan is between 18 and 65 years.
is navi loan app safe
Yes, the Navi Loan App is safe to use. It is operated by Navi Finserv Limited, which is an RBI-approved Non-Deposit taking Systemically Important NBFC (ND-SI). The app employs robust security measures to protect your personal and financial information.
what is the interest rate of 50000 loan in navi?
For a loan of ₹50,000 at an interest rate of 9.9% per annum for a tenure of 2 years, the estimated monthly EMI could be ₹2,281. The total repayment in 2 years would be around ₹54,744 (EMI × 24), and the total interest paid would be around ₹4,744.
Can I close a Navi loan early?
Yes, you can close a Navi loan early. Navi does not charge any foreclosure fees, so you can prepay your loan without incurring additional costs.
What is the minimum CIBIL score for Navi?
The minimum CIBIL score required for a Navi loan is 750.
How to increase Navi loan limit
To increase your new loan limit, repay the previous loan on time without default, improve your credit score, increase your income, and maintain a good repayment history.
In conclusion, the Navi Loan App is a secure financial platform approved by the Reserve Bank of India, which offers personal loans up to Rs.20 lakh to both salaried and self-employed individuals in a seamless and paperless manner. All eligible individuals can apply for a Navi Loan through the app. Navi App has more than 10 Crore downloads and has disbursed 16900 Cr+ loans to date.