Any unforeseen situation, like sudden medical needs, an urgent requirement of new equipment in the business, abrupt breakdown of the vehicle, or other such events disturb the peace of mind and mark a dent in the financial stability of an individual. In such situations of a financial conundrum, the urgent loan from Navi can aid you in sailing effortlessly through tough times. The loan amount that one can avail of depends on one’s eligibility and credit score. However, unlike the other lending institutions, at Navi, CIBIL score is not the only parameter for loan approval. We also use alternate methods of credit assessment while approving loans. Just download the Navi app from the Play Store and get your urgent cash loan approved in no time.

Simple Steps to Apply for Emergency Loan at Navi

For getting your loan sanctioned at Navi, you just have to follow 5 simple steps:

  1. Download the app from Play Store.
  2. Once the app is installed, click on “apply for an emergency personal loan”.
  3. Fill in your basic details like name, age, address, marital status, employment details, income details, and others.
  4. In the next window, fill in your PAN card number and click on “Submit Application.”
  5. Afterward, the application will be processed internally using an AI-engine in a minute or two. Your loan amount will directly be credited to the account you have mentioned. 

Benefits of an Emergency Loan at Navi

There are numerous benefits of availing an urgent loan online through Navi, like:

  • Truly paperless: You don’t need to submit any document while applying for an urgent loan at Navi. To apply for an emergency loan online through the Navi app, fill in your PAN number, Aadhar Card number, and take a selfie.
  • Hassle-free transaction: Once you submit the loan application and it is processed, the amount will directly be disbursed into the bank account that you have furnished. The EMI amount will also be deducted from the same bank account monthly.  
  • EMI calculator: We also offer an online loan EMI calculator that you can use for the calculation of your net EMI amount that you need to pay every month. You can customize the loan amount and the tenure as per your requirement. Check out our EMI calculator for the assessment of your EMI. 
  • Dynamic credit scoring: Navi app uses an alternate credit assessing methodology for loan approval. So you don’t have to worry much about your low credit scores. 

How Can an Emergency Loan from Navi Come to Your Rescue in Tough Times? 

Accidents or malicious events don’t occur with a prior warning. Imagine a situation where one of your family members has met with an accident or one of the machines at your business has suddenly broken down; the emergency loan from Navi will come in handy in those unprecedented times. Here are a few key differentiators of Navi that might persuade you to consider us for the urgent personal loan:

  • Need-specific loan amount: We offer loan amounts that are well-equipped to meet your urgent financial needs. At Navi, you can avail of an emergency loan ranging between Rs. 100 to Rs.500,000 or even higher.
  • AI-based eligibility check: We make sure that the urgent loans are approved in almost no time. Leveraging AI-technology, your loans are processed in real-time, and the amount is credited to your bank account instantly.
  • Flexible repayment: We provide ample time to the borrower for hassle-free settlement of the loan amount. You can choose the monthly EMI and time duration ranging up to 36 months to repay the urgent personal loans with Navi.
  • High availability: You can secure an emergency loan at any time as per your need, and since the loan amount is comparatively low, it will be available to you in under 10 minutes.
  • Loan without collaterals: The urgent loans are unsecured loans, and you don’t need any collateral for that. There is no requirement for any guarantee as well for borrowing the emergency loans.

Eligibility for Availing Urgent Loan from Navi

Age Criteria

For availing an urgent loan at Navi, you must be at least 18 years of age. The age criteria might vary as per the lender’s requirements. The maximum age limit is 65 years.

Occupation Eligibility

One needs to be either a salaried employee or self-employed for availing the urgent loans.

Income Criteria

It is totally up to the demands of the lender.

Credit Score

Any score above 650 is enough for a borrower to secure an emergency loan for the Navi. 

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Frequently Asked Questions

What is an emergency loan?

It is a type of unsecured personal loan that one can avail of to pay his/her emergency expenses. These loans are processed quickly within a day or two. With some lenders like Navi, you can get the loan amount within 20 minutes.

Can I get an emergency loan with a bad credit score?

Yes, you can get an emergency loan at Navi even with a bad credit score. However, you should try to maintain a good CIBIL score. One more thing, if you have a bad credit score, the interest rates might be high. 

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