Navi Finserv, backed by Sachin Bansal, offers personal loans of up to 20 lakhs. Details here

Navi Finserv (Navi) announced on Monday that it will now offer high value personal loans of up to ??20 lakhs via the Navi Lending app, at interest rates from 9.9% per year with an occupancy period of up to 72 months.

Customers can avail loans through the Navi app with flexible loan and EMI options, and no pre-closing fees if they want to pay off their loans before the chosen term. They can check their eligibility, select the loan and EMI amount, and enter their PAN and Aadhaar number to receive the loan amount to their bank account within minutes.

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

Navi launched personal loans through its app during the lockdown last year, offering loans up to ??5 lakhs with a mandate of up to 36 months. “With its new offer of high value loans of up to ??At 20 lakhs, Navi now offers an attractive option for clients requiring large loans for home renovations, weddings, international vacations, education funding or for business purposes, etc. The company said in a statement.

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

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