Get an instant ₹2 Lakh Personal Loan with Navi
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
How to Apply for ₹2 Lakh Personal Loan?
How to Apply for ₹2 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
₹2 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 ₹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)
months
Monthly EMI
0
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.
Various Use Cases of Personal Loan
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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.