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

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Navi Finserv (Navi) announced Monday that it will now offer high-value personal loans of up to R20,000 through the Navi Lending app, with interest rates starting at 9.9% p.a. with a tenure of up to 72 months.

Customers can avail loans through the Navi app with flexible loan and EMI options, and without pre-closing fees if they wish to prepay their loans before the chosen term. They can check their eligibility, select loan amount and EMI, enter PAN and Aadhaar number to receive loan amount in their bank account within minutes.

The process is completely paperless and does not require the physical submission of any documents such as payroll or bank statements.

Navi launched personal loans via its app during the lockdown last year, providing loans of up to R5 lakhs with a period of up to 36 months. With a new high value loan offer of up to R20 lakhs, Navi now offers an attractive option to customers who require large loans for tickets to upgrade homes, weddings, international holidays, finance education or business purposes, etc. “

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

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