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

Navi Finserv (Navi) announced on Monday that it now offers high-quality personal loans of up to. will offer Yes20 lakhs via the Navi Lending App, at interest rates from 9.9% per year with a term of up to 72 months.

Customers can use the Navi app to take out loans with flexible credit and EMI options and not pay any prepayment fees if they want to repay their loans early before the chosen term. They can check their eligibility, select the loan and EMI amount and enter their PAN and Aadhaar numbers to have the loan amount in their bank account within minutes.

The process is completely paperless and does not require the physical filing of documents such as pay slips or bank statements.

Navi introduced personal loans through its app during last year’s lockdown, and loans up to. offered Yes5 lakhs for a term of up to 36 months. “With its new high quality loan offer of up to Yes20 Lakhs now makes Navi an attractive option for customers who need large loans for home upgrades, weddings, international holidays, educational funding or business purposes, etc., “the company said in a statement.

The Navi Group offers a range of financial services and products such as personal loans, home loans, health insurance, and mutual funds. The Navi Group, co-founded by Sachin Bansal and Ankit Agarwal, is headquartered in Bangalore.

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