Voucher on disbursal
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Disclaimer: Navi Finserv is not a Paisabazaar partner, and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by, or in any way connected to Navi Finserv for personal loans. No offers/services from Navi Finserv are being provided by Paisabazaar for personal loans. For further information about Navi Finserv for personal loans, users are required to reach out directly to Navi Finserv.
Navi Personal Loan (Cash Loan) Highlights
- Interest Rate: Up to 26% p.a.
- Loan Amount: Up to Rs 20 Lakhs
- Repayment Tenure: Up to 7 years
- Foreclosing Fees & Processing Fees: Nil
- Mode: Digital, entirely paperless
- Disbursal Time: Instant
Navi Personal Loan/Cash Loan Interest Rates
The interest rates for Navi personal loans (cash loans) can go up to 26% per annum. However, the interest rate for your personal loan will be determined by factors such as age, monthly earnings, job profile, credit score, history of loan repayments, and more.
Before applying for a personal loan, it’s advisable to consider personal loan offers from various lenders to identify the most favorable interest rates and conditions. At Paisabazaar, we assist you in comparing and selecting from over 30 top personal loan providers. Through our complete digital process, we enable you to make informed borrowing choices quickly and effortlessly.
Eligibility Criteria for Navi Personal Loan
To qualify for Navi’s personal loan or cash loan, you must meet the following requirements:
- You must be an Indian citizen aged between 18 and 65 years.
- Your annual income should be greater than Rs 3 lakhs, applicable for both salaried and self-employed individuals.
- Your credit score must be over 750.
Documents Needed for Personal Loan Application
When applying for a personal loan with Navi, you’ll be required to present several essential documents to confirm your identity, residence, and financial status. Here’s an exhaustive list:
Loan Application Form
- A properly completed personal loan application form
- Recent passport-sized photograph
Identity Proof (Any one)
- Aadhaar Card
- Passport
- Driving License
Address Proof (AnyOne)
- Rental Agreement
- Utility Bills (Electricity, Water, Gas)
- Voter ID Card
Income Proof
- Bank Statements (Last 3 to 6 months)
- Salary Slips (Last 3 to 6 months)
- ITR (Income Tax Returns) documents
Pro Tip:
Keeping these documents handy can facilitate immediate approval and swift loan disbursement, particularly when applying via digital loan applications like Navi.
Also Read: Documents Required for a Personal Loan
How to Apply for a Navi Cash Loan:
To apply for an instant personal loan/cash loan from Navi,
- Start by downloading the Navi app from either the Google Play Store or the App Store.
- Sign up using your mobile number and fill in your profile with essential information such as your PAN and Aadhaar details.
- Select the loan amount you wish to apply for and the repayment duration.
- Then finish the e-KYC process by taking a quick selfie and verifying your Aadhaar.
Once your application is approved, the loan amount will be transferred directly to your bank account instantly.
FAQs on Navi Personal Loan
What is Navi Instant Personal Loan eligibility?
To qualify for a Navi personal loan, you need to be an Indian citizen aged between 18 and 65 with a minimum annual income of ₹3 lakh. Additionally, a CIBIL score of 750 or above is necessary.
How to apply for a Navi Personal Loan?
Get the Navi app, sign up using your mobile number, and provide essential information such as your PAN and Aadhaar. Choose your desired loan amount and duration, finish the e-KYC process, and receive immediate disbursement.
Is Navi personal loan safe?
Yes, Navi personal loans are completely safe and regulated. Navi is RBI approved.
What is the interest rate of a Navi personal loan?
Navi’s personal loan interest rates (cash loans) go up to 26% p.a. Nevertheless, the specific interest rate for your loan will be determined by various factors, including your age, monthly income, job position, credit score, repayment history, and others.
Is Navi good for personal loans?
Indeed, Navi is a solid choice for personal loans as it provides a fully digital loan application process with instant disbursement. This ensures a seamless and error-free experience for you. Additionally, it offers competitive interest rates, allowing you to find the most suitable deal based on your needs and eligibility.