Sachin Bansal-backed Navi Finserv to offer personal loans of up to ₹20 lakhs. Details here

Navi Finserv (Navi) on Monday introduced that it’s going to now offer high-value private loans of as much as 20 lakhs by means of the Navi Lending App, at rates of interest ranging from as little as 9.9% every year with tenure as much as 72 months. 

Clients can avail loans by means of the Navi app with versatile mortgage and EMI choices, and nil pre-closure expenses in the event that they want to pre-pay their loans earlier than the chosen tenure. They’ll examine their eligibility, choose the mortgage and EMI quantity, and enter their PAN and Aadhaar quantity to obtain the mortgage quantity of their checking account inside minutes. 

The method is completely paperless and doesn’t require bodily submission of any paperwork like payslips or financial institution statements.

Navi launched private loans through its app through the lockdown final 12 months, providing loans as much as 5 lakhs with tenure as much as 36 months. “With its new high-value mortgage providing of as much as 20 lakhs, Navi now affords a beautiful choice for patrons requiring huge ticket loans for house upgrades, weddings, worldwide holidays, schooling financing or enterprise functions, and many others,” the corporate stated in an announcement.

Navi Group affords a variety of monetary providers and merchandise comparable to private loans, housing loans, medical insurance and mutual funds. Co-founded by Sachin Bansal and Ankit Agarwal, the Navi Group is headquartered in Bangalore.

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