Get an instant ₹1 Lakh personal loan with Navi
About ₹1 Lakh Personal Loan
Need an instant personal loan of ₹1 lakh urgently? Thanks to Navi’s quick disbursal and 100% paperless feature, you can now get an instant personal loan easily.
All you have to do is install the Navi app on your mobile. From applying and approval to disbursal, the whole process is fast, convenient and can be completed within a matter of minutes. You will also enjoy flexible EMIs and competitive interest rates. Whether you need an instant ₹1 lakh loan or more, Navi has got you covered!
Features and Benefits of ₹1 lakh Personal Loan
Features and Benefits of ₹1 lakh Personal Loan
How to Apply for ₹1 Lakh Personal Loan?
How to Apply for ₹1 Lakh Personal Loan?
Eligibility Criteria and Documents Required
Indian Resident 18-65 years of age
PAN Card Holder
Salaried or Self-Employed
Aadhaar Card Holder
₹1 Lakh Personal Loan Interest Rates in India
| Interest Rate | 9.90% p.a. onwards |
| Processing Fee | Up to ₹7,500 |
| Loan Amount | Up to ₹20 lakh |
| Loan Prepayment Fee | Nil |
| Loan Tenure | From 3 to 72 months |
How to Calculate ₹1 Lakh Personal Loan EMI?
You can calculate EMI in two ways – manually or by using online calculators. Here is the formula for personal loan EMI calculation:
EMI = P × r × (1 + r)n/((1 + r)n – 1) where P= Loan amount, r= interest rate, n=tenure in number of months.
However, manual calculations require time and leave room for errors. Instead, use Navi’s personal loan EMI calculator. Just enter your loan amount, interest rate and repayment tenure to get an EMI estimate. Knowing the EMI amount beforehand will help you manage your finances better.
Personal Loan Calculator
Loan Amount
Rate of Interest (P.a)
%
Loan Tenure (Months)
months
Monthly EMI
0
Total Interest
Total Amount
Why Choose Navi for your ₹1,00,000 Personal Loan?
Instant disbursal
If you need instant cash to cross any financial hurdle, choose Navi. It hardly takes a few minutes to apply and get the loan disbursed to your account if you are eligible.
Repay at your convenience
We give you the flexibility to repay your loan in easy EMIs at your convenience. Choose loan tenure as per your wish.
No paperwork
100% app-based paperless process. You can apply for a loan from anywhere, anytime.
Various Use Cases of Personal Loan
Trusted by Millions of Users
What our customers say about us
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Frequently asked questions
Here are some of the factors you could consider before taking a ₹1 lakh personal loan:
- Credit score: Having a good credit score implies that you will be able to pay off the loan effortlessly. In other words, it determines your creditworthiness. Better the credit score, the higher the chances of getting a loan at attractive interest rates.
- Repayment capacity: Assess your repayment capacity before applying for a loan. If you default on EMI payments, it could hurt your credit score.
- Loan EMI: Make sure to calculate the EMI on your loan before applying for a loan. This will help you to plan your financial obligations.