Hello friends, through this article today, we will know How To Apply Loan From Navi App, which is India’s most popular personal loan application that provides you paperless loan up to Rs 20 lakh and with instant approval which also supports flexible repayment, so if you are planning for a loan, then let’s know the whole process step by step in today’s article.
App Download Process:
For this, first open Google Play Store or App Store on your mobile and search and install Navi Instant Personal Loan and Health Insurance App. After the installation process is complete, open the application and follow the further process.
Registration And Sign Up Process :
The next process is the registration or sign up process on this application for which you have to enter your mobile number and verify that mobile number through one time password. After verification, you will have to provide some basic details like your PAN card, your name and your date of birth, after giving all this, submit it and the registration process will be completed.
Loan Eligibility Check :
So let’s now know how to check loan eligibility, for this you have to provide your appointment details like your monthly income and the name of your city. After that, as soon as you submit, you will be checked and told immediately whether you are eligible for the loan or not and how much loan amount you can get.
Choose Loan Amount And Installment :
After this, the next process is that you have to tell how much loan amount you want, which this application provides you a maximum loan of 20 lakh rupees, but it depends on how much loan amount you are eligible for. After that you also have to tell within how many days you will be able to pay the loan, which can be a maximum of 72 months, according to that you will be shown how much amount you will have to pay every month and what interest rate you may have to pay.
KYC Document Submit :
Now here you have to submit KYC documents such as your PAN card, Aadhar card which is needed for e-KYC but sometimes you may also have to do video KYC if needed. Along with this, you will also have to link your bank account so that the loan amount can be sent to that account.
Loan Agreement And Approval:
Before applying for a loan, it is very important for you to know and understand some things such as all the loan related offers along with the interest rate and processing fee, apart from this, all the terms and conditions have to be read carefully before signing anywhere and before accepting the digital agreement.
Quick Disbursal Process:
After the loan is approved, whatever amount you should have received will be sent directly to your bank account which you had linked and along with that you will also get all the other documents and this whole process will be completed within just a few minutes, which you have to check carefully.
Also Read : How to Apply for a Bajaj Finserv Loan
Repayment Process:
After taking the loan, whatever installment you have to pay every month will be automatically debited from your bank account on a selected date. For this, you have to keep money in your account so that you do not have to pay any extra interest. Along with that, all the details related to the loan installment or whatever is the outstanding amount or all the dates etc., you can check all this on their application.
Final Tips:
Navi Loan provides you a fully digital loan service with very transparency and quick facility, that too with minimal paperwork and instant approval. This loan proves to be very beneficial for all those people if you are self-employed individuals or salaried persons. But always remember that before taking a loan, you should know all the documentation related to the loan, terms and conditions or installment and interest rate, all the charges and all the rules well, only then apply for the loan.
