Hello friends, in today’s article we will learn How To Apply Loan From Navi App which is India’s most popular personal loan provider app which provides you instant and paperless loan up to Rs 20 lakh on which flexible repayment option is also available. So if you are planning for a loan, then let’s know the complete process of taking a loan step by step.
App Download Process :
You have to open Google Play Store or App Store on your mobile and type on the search button Navi Instant Personal Loan and Health Insurance App. After that install this application and after the installation process is complete, open it and follow the further process.
Registration And Sign Up Process :
Let’s now know the registration or sign up process, for this you have to enter your mobile number in the place given on the screen and verify it through OTP. After this you have to provide some basic details like your name, PAN card and date of birth so that the entire form can be filled properly and continue.
Loan Eligibility Check :
The next process is to check your loan eligibility, for this you have to give some income facts like where you work, what is your monthly salary and which city you belong to. As soon as you continue to give all this, you will be immediately told how much loan amount you can get or whether you are eligible for the loan or not.
Choose Loan Amount And Installment :
Now the next process is that you will have to write here how much loan amount you want, this application provides a maximum loan of Rs 20 lakh but you will be able to take a loan only within your eligibility limit. After that, you have to tell for how many days you want to take the loan, according to which how much installment and interest you will have to pay every month will be shown.
KYC Document Submit :
The next process is that you will have to upload KYC documents here such as your Aadhar card and PAN card which are needed for e-KYC and apart from this you may need to do video KYC if needed. Along with this, you will also have to link your bank account so that when the loan amount comes, it can be credited to the given bank account.
Loan Agreement And Approval :
Before taking a loan, you have to check all the loan offers, apart from this, the interest rate and processing fee and all other terms and conditions and charges before signing anywhere or accepting the digital agreement so that you have all the information related to the loan in advance.
Quick Disbursal Process :
When the loan is approved, the loan amount will be transferred directly to your linked bank account and you will also get all the documents and this whole process will be completed within just a few minutes, which you have to see and check carefully.
Also Read : How to Apply for a Bajaj Finserv Loan
Repayment Process :
When the time comes to pay the installment every month, the installment amount will be automatically debited from your bank account on a fixed date every month and all those processes that is how much is the outstanding amount and how much installment you have to pay and all other dates etc. you can check on their official application.
Final Tips:
Navi loan application provides you quick loan facility that too with transparency and fully digitally supported. Where you get minimum documentation and instant approval and this loan is very beneficial for those who are salaried persons or self-employed. But before taking a loan, you always have to read all the installments and terms and conditions and charges carefully, only then apply for the loan.