Apply for Personal Loan in Jaipur

Jaipur, the pink city, is a hub of commercial and economic activities. The city’s population is engaged in service as well as business. There are many instances wherein people need additional financial support to take care of their obligations. This is where a personal loan in Jaipur gains importance.

A personal loan in Jaipur is a cash loan that can be availed by individuals who have a steady source of income. This is an unsecured loan that provides funds for multiple financial needs. If you need funds for meeting medical emergencies, for funding your child’s education or for taking a leisure trip, a personal loan in Jaipur would give you the necessary funds.

Navi allows easy personal loans. You can download the Navi app and apply for the loan in simple steps. 

How to apply for a personal loan in Jaipur through Navi?

The steps to apply for the personal loan in Jaipur, Rajasthan, are as follows –

1. Download the Navi App from the Google Play Store on your Smartphone and simply register on  the app by providing your mobile number and verifying it through an OTP
2. Then you need to click on ‘Apply’ and provide the following details –
3. • Full name
   • Age
   • Marital status
   • PIN Code of your area
   • Employment details (salaried/self-employed, etc.)
   • Average monthly income as per your latest ITR
4. Then, you need to provide your PAN Card number and submit your application
5. Navi would use an online algorithm to approve a loan amount based on your details. You can choose any amount, up to the approved amount and fix an EMI that you feel is affordable
6. To complete your KYC, you need to click your selfie, enter your Aadhaar card number and provide the full names of your parents
7. Then provide the name of your bank, your active bank account number and the IFSC code of your bank’s branch
8. Set up an Auto Debit Mandate with your bank for paying the EMIs automatically
9. Once these steps are done, Navi would verify your bank account, sanction the loan and credit the funds into your account

Benefits and features of Navi’s personal loan in Jaipur

Here are some benefits and features of the personal loan in Jaipur offered by Navi –

• Simple unsecured loans

Navi offers an unsecured loan where you don’t have to mortgage any personal asset or find a third-party guarantor. The funds are sanctioned based on your income and eligibility criteria

• Quick approvals

Navi’s personal loans are offered within a matter of 20 minutes or even less. The entire process is online and you get funds credited to your bank account at the earliest.

• Optimal loan amount

The loan amount starts at Rs.10, 000 and goes up to Rs.5 lakhs. Thus, it helps you meet both your small and big financial obligations easily

• Flexibility

You are free to use the loan funds for any of your financial needs. Navi does not restrict the usage of the loan

• Easy application

The loan application process is fully online and you need only your PAN card and Aadhaar numbers to get an instant loan

• Flexible repayment tenure

Navi offers you a wide range of options to choose your repayment tenure. You can choose tenures of up to 36 months to pay the loan easily

• EMI calculator

Navi’s loan EMI calculator is an online tool using which you can calculate the EMIs payable. You can also change the EMI by changing the loan details and find the most suitable amount.

Eligibility for a personal loan in Jaipur

To avail an instant cash loan in Jaipur, you are required to fulfill the eligibility parameters set by lenders. However, with Navi’s app, there are no specified eligibility parameters. Navi uses a technology-driven model to determine and approve your loan. It is digitally checked through its application.

However, other private lenders in Jaipur, there is an eligibility criterion to apply for a personal loan in Jaipur.

Documents required for a personal loan in Jaipur

When applying for a personal loan in Jaipur, you are required to submit your documents to the lender for processing the loan. However, Navi does not need any documents. You just have to enter your PAN Card and Aadhaar card numbers to get a loan at Navi. You can enter the numbers on the Navi app on your Smartphone and get a loan easily.

For other lenders, however, the following documents are usually needed for a personal loan in Jaipur –

• Identity proof of the applicant
• Age proof of the applicant
• Address proof of the applicant
• Income proof of the applicant
• Bank statements of the applicant showing the activity over the last 3-6 months
• Recent coloured photographs of the applicant

Apply for Navi’s personal loan from anywhere in India

Navi has simplified the application process for availing instant loans through its mobile app. You can be in any part of India and apply for a loan using your Smartphone and an internet connection. You just have to upload your PAN Card, Aadhaar card and click a selfie to complete the application process. These steps can be done from anywhere in India and so Navi’s instant cash loans are mobile.

So, whether you need funds in Jaipur or in any other Indian city, just download the Navi app and apply for the loan in some simple steps. You would get access to funds within minutes.

Frequently Asked Questions

Can I pay off the loan before the chosen tenure?

Paying off the loan before the chosen tenure is called prepayment. Many lenders allow prepayment facility and so you should check whether your lender allows this facility or not. There might also be a prepayment charge involved if you pay the loan before the tenure. Navi, however, allows easy prepayment of your loan, and that too without any prepayment charges.

What is the meaning of EMI?

EMI stands for Equated Monthly Installment. It shows the monthly repayment amount that you need to pay to pay off the loan over the chosen tenure. The EMI contains the principal amount of the loan as well as the interest payable thereon.