Today it is customary to take money away from a friend. You can take a loan from the bank, but to apply and take a loan in the bank etc., you have to do a lot of loan documentation. In which many people get upset. But now the market is full of loan Lending apps . You can apply online loan. Today I will tell you about one such app from which you can easily take loan sitting at home. The name of the app is Navi. I will tell you in this article that which documents will be required for How to get Loan from Navi? What will be the interest rate? What is the process to apply? If you want to know in how to take loan from Navi, so read this article carefully.
What is Navi loan app?
This Navi loan app is a type of online loan app or company that provides you a personal loan to meet your daily needs easily, through this you will be able to apply for personal loan through your mobile sitting at home. You do not need to go to any office for personal loan from Navi. You can take online loan from Navi.
Key Features of Navi loan app
Here you can get the maximum amount of ₹ 500000 as a loan.
Money is transferred to your bank account instantly, in case of any emergency, you can easily take a personal loan from it.
No bank statement or salary slip is required as a document to take a loan, which is the biggest feature of this app.
Here money is available even after giving minimum documents.
Here you are provided with the facility of EMI to repay the loan amount.
No Security Deposit (Collateral) is available here while taking a loan.
Loan apps approved by RBI so you can trust it.
Eligibility to avail loan through Navi loan app
Your age should be minimum 21 years, then only you will be able to take loan from you.
Must be a citizen of India.
Must have a source of income.
How much loan can be availed through Navi loan app?
You can get a minimum loan amount of ₹10,000 and a maximum of ₹5,00,000 .
You can repay this loan from 3 months to 48 months.
Navi loan personal loan interest rate is 12% to 36% per annum
Navi App Review
Navi App is an application that provides the facility of Home Loan and Personal Loan in India. Through this application you can take loan from mobile phone sitting at home.
The special thing about Navi App is that you can get the loan amount taken in your bank account instantly.
This company named Navi Finserv Private Limited is a company registered by NBFC and it works under the rules of RBI. Navi’s founder is Sachin Bansal, who founded Navi company in 2020. This company provides instant personal loan up to 5 lakh and home loan up to Rs 1.5 crore.
This app has been installed by more than 5 million people in their mobile and it has got a rating of 3.5 in Play Store.
Navi Personal Loan App Download
Downloading Navi App is very easy, all you have to do is open Playstore and type Navi Personal Loan App in the search box. You will see this app, install it and use it, you can easily take Personal Loan and Home Loan.
How to Take Loan from Navi App
To take a loan from Navi App, follow the step by step process given below:
Step 1 – First of all download Navi App from Play Store.
Step 2 – After this, you accept the Terms and Conditions of Navi App and click on Continue and allow whatever Permission Navi asks from you.
Step 3 – Then you will be asked to enter your number, you enter your number and click on the option with Get OTP and get the OTP verified.
Navi app Login
Step 4 – After completing this process, your account will be created on Navi App and you will come to the homepage of Navi App. Here you will see 2 options of Personal Loan and Home Loan.
Navi Personal Loan And Home Loan Apply
Step 5 – Click on the type of loan you want, then Navi App asks you for your basic details like:
- Your name, which is on the PAN card.
- Your Marital Status
- Employment Type, means you are Salaried, Unemployed, Student, Retired etc.
- Your Monthly Income
- In which industry do you work?
- reason for taking loan
- Your Minimum Education Qualification
- Your PAN Card Number
- Your Date of Birth which is on the PAN card.
- 6 digit Pin Code of where you are staying.
After filling all these details, you have to click on Submit Application.
Step 6 – After this it will take 2 to 3 minutes for your application to be processed, if you will be eligible to take loan then you complete the further process and if you application is rejected then you will again after 90 days. After that you can apply for the loan.
Step 7 – If you are eligible for the loan, then you have to select the loan amount and monthly installment.
Step 8 – After this complete your KYC, for this you will need Aadhar card and a selfie.
Step 9 – Fill the details of the bank account in which you want money. Keep in mind that you have to give the details of the same bank account which is active.
Now the loan amount will come in your account in no time. So this was the simple process by following which you can apply for loan on Navi App.
Eligibility for availing loan on Navi App
If you have made up your mind to take a loan from Navi App, then you need to know about the eligibility criteria for taking loan on this application. You will get loan from this application only when you are eligible to take loan on Navi.
Following are the eligibility criteria for availing loan on Navi App –
- Navi App provides loan only to Indian citizens, if you are an Indian citizen then only you can take loan from Navi.
- Navi provides loans to people above the age of 18 years only.
- Navi does not provide loan all over India, you can check in Navi Application whether you will get loan in the area where you live or not.
- Navi gives you loan only if your credit score is good.
Documents required to take loan from Navi App
Very few documents are required to take Home Loan and Personal Loan from Navi App. You get both types of loans only on Aadhar card and PAN card.
Documents for taking loan from Navi App:
- Aadhar Card
- PAN card
How to get Personal Loan from Navi
- First of all you will download Navi App from Google Play Store.
- Then you will be registered in it through your mobile number.
- You can register for this not much, just from your mobile only.
- After this, you will have to fill some of your basic information here, then you will check your loan approval.
- Now you have to select the EMI option of your month.
- Then you will upload your document PAN card and Aadhar card as selfie.
- Enter the bank details here in which the loan amount will be transferred.
- In this way you will be able to easily apply for loan through navi apps through your mobile.
In which states you will be able to take loan through Navi loan app?
Let me tell you in Delhi, Maharashtra, Karnataka, Tamil Nadu, West Bengal, Punjab, Gujarat, Telangana, Madhya Pradesh, Odisha, Rajasthan, Uttar Pradesh, Uttarakhand, Bihar, Jharkhand, Andhra Pradesh, Haryana, Kerala, Pondicherry and friends Navi App Gives loan in more than 150 cities .
Features of Navi Home Loan
The main features of Navi Home Loan are as follows:
- Navi App gives you home loan up to 90% of the total property value. Like the house you are buying is worth Rs 1 crore, then you can take a home loan up to Rs 90 lakh from Navi App.
- On Navi App you get High Loan Amount on Low EMI.
- You do not have to pay any additional charges on Navi Home Loan such as Application Fees, Legal fee, Valuation fee or Document handling fee)
- You can use Navi Home Loan for under construction, self built and shifting to another new house.
- If you are eligible for a home loan, then the loan amount is immediately credited to your account.
- Often a lot of paperwork is required in a home loan, but if you take a home loan from Navi App, then you do not need any kind of paperwork till you get the loan proposal.