Get an instant ₹2 Lakh Personal Loan with Navi

Enjoy attractive interest rates starting at 9.9% p.a. with flexible EMI options

About ₹2 Lakh Personal Loan

Need ₹2 lakh urgently to mitigate an urgent financial crisis? Thanks to Navi’s, you can now apply for an instant personal loan in a 100% paperless manner online.

All you have to do is download the Navi app from the Play store or App store. No long queues. No heavy paperwork. From application and approval to disbursal, the entire process just takes a few minutes. You will also enjoy flexible EMI and competitive rates of interest. For instant personal loans – whether ₹20,000 or ₹2 lakh – Navi has got you covered.

Features and Benefits of ₹2 lakh Personal Loan

Features and Benefits of ₹2 lakh Personal Loan

At Navi we understand your urgency. Enjoy instant personal loan approvals and disbursal with the Navi app
No heavy paperwork or human intervention. Just apply for a personal loan on the Navi app
With Navi, you can apply for any loan amount up to ₹ 20 lakh
Get Navi Personal Loan at attractive interest rates starting from 9.90% p.a.
Navi offers flexible EMIs and a loan repayment tenure of up to 72 months. Repay the loan at your convenience
Navi does not charge pre-closure fees

How to Apply for ₹2 Lakh Personal Loan?

Download the Navi app from the App store or Play store
Enter your details, such as name, address and PAN card number to check eligibility
Enter the amount required and tenure
Our representative will call you. Complete your KYC verification with your PAN card or Aadhaar card (optional)
Link your bank account to the Navi app. Turn on the auto-pay option to get the loan disbursed directly to your account

How to Apply for ₹2 Lakh Personal Loan?

How To Apply

Eligibility Criteria and Documents Required

Indian Resident 18-65 years of age

PAN Card Holder

Salaried or Self-Employed

Aadhaar Card Holder

₹2 Lakh Personal Loan Interest Rates in India

Navi offers attractive interest rates, starting from 9.9% p.a. However, the actual rate of interest depends on the eligibility.
Interest Rate9.90% p.a. onwards
Processing FeeUp to ₹7,500
Loan AmountUp to ₹20 lakh
Loan Prepayment FeeNil
Loan TenureFrom 3 to 72 months

How to Calculate ₹2 Lakh Personal Loan EMI?

You can calculate the EMI for ₹2 lakh personal loan using an online EMI calculator. Knowing the monthly repayment amount will help you manage your finances better. Here is the formula for calculating the EMI amount manually:

EMI = P × r × (1 + r)n/((1 + r)n – 1) where P= Loan amount, r= interest rate, n=tenure in number of months.

Manual calculation may not always be accurate and is time-consuming. Instead, use the Navi Personal loan online EMI calculator for error-free results. Just provide basic information such as loan amount, tenure and interest rate to get the EMI estimate.

Personal Loan Calculator

Loan Amount

Rate of Interest (P.a)


Loan Tenure (Months)


Monthly EMI


Total Interest

Total Amount

Why Choose Navi for your ₹2 Lakh 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.

No paperwork

100% app-based paperless process. You can apply for a loan from anywhere, anytime.

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.

Trusted by Millions of Users

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June 14

Benefits Of A Personal Loan, How To Apply Online And Things To Consider Before Getting A Personal Loan

Personal loans are unsecured loans that do not require collateral.

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Frequently asked questions

You should consider the following factors before taking a ₹2 lakh personal loan:

  • Credit score: Your credit score reflects your financial history and shows your creditworthiness. A good credit score might lead to getting a better interest rate. But a poor credit score can increase the interest rate and could also lead to loan rejection.
  • Repayment capacity: Check your repayment capacity before deciding on the loan amount. Default in EMIs could hurt your credit score and creditworthiness.
  • Loan EMI: You should calculate your EMIs beforehand and check if the amount is adjustable with your monthly obligations so that you don’t miss out on EMIs.
Yes, you can choose to close your personal loan with prepayment at any time. With Navi, there is no extra charge for prepayment.
The interest rate for a personal loan varies from one applicant to another as it depends on eligibility. Parameters such as credit score, loan amount and repayment ability are the primary factors for deciding the rate of interest.
You can link your bank account to the Navi app and turn on the “auto-debit” option to prevent payment defaults. However, ensure there is enough balance in your account on or before the repayment due date.
If you fail to make repayments on time, that will invite a penalty. Missing out on multiple EMIs may affect your CIBIL score and creditworthiness.
Yes, you can get a ₹2 lakh personal loan with minimal documents through the Navi app. Only your PAN card details are required.
Personal loans don’t come with end-use restrictions. So, you can use the loan amount to meet any kind of financial requirements.

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