How To Apply & Get Instant ₹2 Lakh Loan: Features & Eligibility

Personal Finance

Considerable amounts of money, like Rs. 2 lakh or more, are hard to come by. Unless you have been saving for a long period of time, you might not have that much accumulated with you. In such cases, if there is a financial need that you need to manage, you can always take a personal loan of Rs.2 Lakh. 

A personal loan is a quick loan which offers funds for your personal financial needs. You can avail Rs. 2 lakh or even higher through personal loans offered by lenders. Navi offers Rs. 2,00,000 loans within minutes. You can download the Navi app on Android or iOS and apply for a Rs. 2 lakh instant loan when you need money if you are eligible for the same.

How To Get ₹2 Lakh Loan through Navi?

You can get Rs. 2 lakh instant loan from Navi using the following steps –

1. Download the Navi app on your smartphone and register with your mobile number
2. Click on ‘Apply’ on the home screen to start the loan application process
3. In the next few screens, you would have to provide your information to complete the application. This information includes the following –
   • Full name
   • Age
   • Marital status
   • PIN code
   • Employment details
   • Monthly income level
   • PAN card number
4. Once the complete details are provided, submit your application
5. The application would be reviewed by Navi digitally and a loan amount would be approved. You can get approved for up to Rs.20 lakh loan too.
6. Then you need to click your selfie using the app itself and enter your Aadhaar card number to complete your KYC.
7. After the loan is approved by Navi’s technology-driven app, you will be shown a loan offer that you can customise according to your requirement such as the loan amount, EMI amount and tenure (period of the loan).
8. Then your KYC process would require a selfie upload and then submission and verification of your Aadhaar Number.

After the KYC is completed, you need to link your bank account details on the App and your Rs. 2 lakh loan would get instantly credited to your bank account.

Also read: Why You Should take A Personal Loan: Top 7 personal loan benefits

Features and Benefits of ₹2 Lakh Loan through Navi

Availing a Rs. 2 lakh loan from Navi has its advantages. These advantages include the following –

1. Quick Loan Disbursal

You can get a Rs. 2 lakh instant loan within a matter of 20 minutes. The loan application process is online and once you download the application, you can complete the process quickly and get funds at the earliest.

2. Wide Range of Loan Amount

Navi offers loans starting from Rs. 10,000 to Rs. 20 lakh. So, even if you need an amount more or less than Rs. 2 lakh, you can choose Navi for your needs.

3. Wide Range of Repayment Tenor

There is a range of repayment tenures offered. You can choose a suitable tenure based on your affordability of paying off the loan easily. 

4. Minimal Documentations

You just need your PAN card and Aadhaar card to get a loan from Navi. For your photograph, click your selfie. The loan application process is made simple and quick. 

5. Ease of Finding an Affordable EMI

You can use Navi’s EMI calculator to find out the Rs.2 lakh instant loan EMI. You can also change the loan amount and/or the repayment period to change the EMI. The calculator calculates the EMIs instantly and helps you find the most suitable amount

Eligibility Criteria for ₹2 Lakh Loan

Here are some important eligibility requirements to get a loan that lenders might specify–

Also read: Top 11 Ways To Improve Your Credit Score

Documents Required for ₹2 Lakh Loan

Here are the documents required: 

• Recent coloured photographs of the applicant
• A valid identity proof
• A valid age proof
• A valid address proof
• A valid proof of occupation and income
• Bank statements of the applicant for the last 3-6 months

Do not delay your financial needs anymore. Apply for a personal loan from Navi and get sufficient funds to pay for them or to meet any unforeseen emergencies.

Also read: How To Get 5 lakh Instant Personal Loan

FAQs on ₹2 Lakh Loan

Before you go…

Looking for instant 🚀 personal loans 24*7 anywhere, anytime? Get personal loans up to ₹20 lakh starting at 9.9% p.a. Install the Navi app now!

Disclaimer: This article has been prepared on the basis of internal data, publicly available information and other sources believed to be reliable. The information contained in this article is for general purposes only and not a complete disclosure of every material fact. It should not be construed as investment advice to any party. The article does not warrant the completeness or accuracy of the information, and disclaims all liabilities, losses and damages arising out of the use of this information. Readers shall be fully liable/responsible for any decision taken on the basis of this article. 

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