Every now and then, each one of us faces a financial compulsion that persuades us to seek a loan on an urgent basis. Be it any medical emergency, child education, marriage expenses, home renovation, or business expansion, loan options like instant cash 5 Lakh loan from Navi will help you in these situations. Availing a personal loan of 5 lakh from Navi is simple, affordable, and seamless. You just need to download the app from the Play Store and get your loan approvals in under 20 minutes.   

Easy Steps to Get 5 Lakh Loan at Navi in Under 20 Minutes

We are one of the few loan processing apps that offer instant 5 lakh loans quickly, simple, and seamless. At Navi, you just need to follow these 6 easy steps to get your 5 lakh loan approved in no time:

  1. Download the Navi app from Play Store
  2. Click on “Apply” once the app is installed
  3. Fill in your necessary details like:
    • Name
    • Age
    • Marital status
    • Address
  4. In the next window, fill in your income and employment detail
  5. And lastly, provide your PAN details and click on “Submit Application” 

After you submit your application, it will be processed internally, the CIBIL score will be checked, and if everything seems fine, you can get the instant 5 Lakh loan in a matter of minutes. 

Features and Benefits of Navi Loan

Here are a few salient features of instant 5 Lakh loan disbursal by Navi:  

  • Collateral free: Under the unsecured loan scheme, Navi provides a personal loan of 5 Lakh without any collateral. Again, you don’t need any third-party guarantor to avail of the loans.  
  • Instant approval: With our AI-based loan processing mechanism, your 5 Lakh loan amount will be approved in under 20 minutes. 
  • Dynamic credit model: We use AI-based technology to assess borrowers’ creditworthiness if the CIBIL score is low.
  • Hasslefree management: With the Navi app, you can check account statements, EMI payments, and any other information in a unified dashboard.  
  • Paperless in the true sense: Starting from application to approval, there is no need to upload any single document. 
  • Flexible repayment: We offer an agile tenure as for loan repayment tenure. You can choose the time duration of the repayments that range from 12 months and up to 60 months, depending on the borrower’s convenience. 
  • Easy disbursal: Once all the requisites of the loan processing are fulfilled and approved, the amount will be credited into the designated account. The EMI repayments can also occur from the same account, eliminating the need to pay using internet banking or check.  

Eligibility for Instant 5 Lakh Loan:


18 – 65 years; might vary in some cases.


Must have a steady income source; Minimum income will vary as per loan amount. 


Both self-employed and salaried employees are eligible for a 5 Lakh loan.

Interest rates

Depends on the loan amount, duration, and lender’s convenience

Credit score

For availing 5 lakh loan at Navi, you should at least have a credit score of 650 

 However, the Navi app uses NexGen technologies like AI and machine learning to assess your eligibility before sanctioning the loan amount. Just download the app and check your eligibility.

Documents Required for Availing the Personal Loan of 5 Lakh

In general, whenever you apply for a personal loan, the lender will ask for a whole set of documents, including bank statements, salary slips, address details, and many other forms. However, the Navi app offers a 5 Lakh loan with the minimum amount of documents. You just need to enter 3 things:

  1. PAN Card number
  2. Aadhar number
  3. Portrait/Selfie

Once you enter these details, our AI-based system will automatically redirect you to the sanctioning page. Of course, there is a minimum eligibility requirement. You can redeem the instant cash 5 Lakh loan in under 20 minutes. You can easily check your monthly EMI amount and other loan-related numbers using the Navi loan calculator.

Download the App now!

Frequently Asked Questions

How much loan can I get if I make 30K per month?

In general, the maximum loan amount that one can get is 10 times his/her monthly income. Again, this is not the only criteria. You can check the details of your eligibility and maximum loan amount that you can avail of the Navi app.

How much EMI can I get for a loan of 5 Lakh?

The EMI of a loan is dependent on the tenure and interest rate of the loan amount. You can calculate the EMI of your 5 Lakh loan using the EMI calculator at Navi.

Can personal loans be used for business purposes?

Yes, personal loans can be availed for startups or for opening small businesses like shops, restaurants, etc. You can also use a personal loan of 5 lakh on business expansion, travel, or any other need.

Can I make early payments for my loan?

It depends mostly on the lenders whether they allow the prepayment of the loan or not. Many a time, lenders ask for pre-settlement charges. However, with Navi, you can settle or close your loans whenever you want. 

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