Navi Finserv launches instant contactless personal loans up to Rs 20 lakhs

Navi Finserv (Navi) announced today that it will now offer high value personal loans of up to Rs 20 lakhs through the Navi Lending app, at interest rates starting at 9.9% per annum with an occupancy period of up to 72 months.

How it works

Customers can avail loans through the Navi app with flexible loan and EMI options, and no pre-closing fees if they want to pay off their loans before the chosen term.

Customers can download Navi loan app from Google Play Store or Apple Store, check eligibility, select loan amount and EMI, and enter their PAN and Aadhaar number to receive loan amount on their bank account in minutes. The process is completely paperless and does not require the physical submission of documents such as payslips or bank statements.

Navi Finsrv app

Navi launched personal loans through its app during the lockdown last year, offering loans up to Rs 5 lakhs with a term of up to 36 months. With most people unable to venture out during the lockdown, customers turned to the convenience and hassle-free experience of app-based loans for medical, family emergencies, tuition, and life. other urgent needs. With its new high value loan offering of up to Rs 20 lakhs, Navi now offers an attractive option for clients requiring large loans for home renovations, weddings, international vacations, education funding. or for commercial purposes, etc., he said in a press. Release.

A spokesperson for the Navi Group said, “More and more Indians are feeling comfortable opting for online channels and applications for all of their needs, including financial services. This trend has only accelerated over the past year and a half. With our high value loans offered at low interest rates, we are now in direct competition with other lenders in the industry and are confident that consumers are now ready to enjoy the convenience of app-based digital loans for their greater financial needs.

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Posted on: Monday January 10, 2022 13:38 IST

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