Hello friends, Today we learn about How To Apply Loan From Navi App. Navi is a very popular personal loan app in India which offers you instant loan facility with paperless option which can be up to 20 lakh rupees depending on all the criteria. Along with that, there is also a flexible repayment option and if you want to apply for a loan, then today we will learn the whole process step by step.
App Download Process :
For this, you have to go to Google Play Store or App Store and search Navi Instant Personal Loan And Health Insurance. After that, install this application and open it on your mobile so that we can do all the further processes step by step.
Registration And Sign Up Process :
After opening the application, you have to enter your mobile number, after that you have to verify that mobile number through one time password so that it can be checked that the number is really yours. After that you have to provide some basic details like your name, your PAN card and date of birth so that your profile can be created correctly.
Loan Eligibility Check :
Now we will check whether you will get the loan or not and if you get it, then how much amount you will be able to take the loan. For your eligibility criteria, here you have to give your income details like your monthly income and your address. As soon as you give all these details, you will be immediately told how much loan amount you are eligible to get, after that you will be able to start the further process.
Choose Loan Amount And Instalment :
Out of all the amounts shown to you, you have to select the loan amount that how much amount you want, which can be maximum 20 lakhs. After that you have to tell within how many days you will repay the loan, which can be maximum 72 months. And immediately here you will be shown how much instalment you will have to pay every month and how much interest you may have to pay before completing.
KYC Document Submit :
For KYC verification, you will have to give your PAN card and Aadhar card to do e-KYC. If needed, video KYC may also have to be done. Apart from this, for loan disbursal, you will have to link your bank account, only then KYC verification will be complete.
Loan Agreement And Approval:
To take a loan, you first have to read all the loan related offers and also carefully look at the loan interest rate and processing fees. Apart from this, you have to sign or digitally sign all the terms and conditions documents only after reading them thoroughly.
Also Read : How To Apply For A Bajaj Finserv Loan
Quick Disbursal Process:
As soon as your loan application is approved, all the loan related documents and the loan amount will be transferred directly to your linked bank account, which happens within a few minutes at the most.
Repayment Process:
After taking the loan, every month the instalment will be automatically deducted from your bank account. You can check all the loan related instalments and outstanding amount and date etc. directly with the help of the application.
Final Tips:
Navi Loan App provides you quick and transparent and fully digital supported loan, that too with minimum documentation and immediate approval. And here the best choice can be for all salaried persons or self-employed individuals, but before that you have to pay attention to all their instalment options and all their processing fee charges etc. and after looking carefully at all the other terms and conditions, you have to apply for the loan.