Get an instant ₹20,000 personal loan with Navi

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

About ₹20,000 Personal Loan

Facing a sudden cash crunch? During such financial emergencies, a personal loan of ₹20,000 could be a huge help. Thanks to Navi, you can now avail an instant personal loan within a few minutes in a 100% paperless manner.

All you have to do is download the Navi app and apply for a ₹20,000 personal loan. It’s that simple! From application and approval to disbursal – the entire process is super quick and hassle-free. You will also enjoy flexible EMIs and competitive interest rates.

Features and Benefits of ₹20,000 Personal Loan

Features and Benefits of ₹20,000 Personal Loan

Apply on the Navi app and get your loan approved and disbursed to your account in minutes
Navi offers loans up to ₹20 lakh. Apply on the Navi app for an amount of your choice
Apply for ₹20,000 personal loan easily in a 100% paperless manner on the Navi app
Navi offers a repayment tenure of up to 72 months. Repay at your convenience
You can choose to foreclose your account at any time without any extra cost
No collateral or guarantor is required to apply for Navi instant personal loans
Use the loan for addressing any financial need

How to Apply for a ₹20,000 Personal Loan?

Follow these steps to apply for an instant ₹20,000 loan with Navi:
Download the Navi App from Google Play Store or App Store
Enter a few basic details like name, address, PAN, etc., to check your eligibility
Enter the loan amount and tenure
Our representative will call you. Complete your V-KYC with PAN
Enter bank details and set up auto pay. Get instant money in your bank account

How to Apply for a ₹20,000 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

₹20,000 Personal Loan Interest Rates in India

Navi offers competitive interest rates starting from 9.9% p.a. The final interest rate depends on your eligibility criteria.
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 EMI on ₹20,000 Loan?

You can calculate the EMI of your ₹20,000 personal loan manually or through Navi Personal Loan online EMI calculator. Calculating your monthly repayment amount will help you plan your finances better. Here is the formula for calculating EMI for a personal loan:

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

Calculating EMIs manually can get hectic and leaves room for error. Opt for Navi’s online EMI calculator to get faster and accurate results. Just enter the loan amount, tenure and interest rate. The online calculator will display the EMI amount.

Personal Loan Calculator

Loan Amount

Rate of Interest (P.a)


Loan Tenure (Months)


Monthly EMI


Total Interest

Total Amount

Why Choose Navi for your ₹20,000 Personal Loan?

No paperwork

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

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 hidden charges

Extremely transparent process with no additional or hidden charges. In case you have any doubt, feel free to write to us or check our rate card.

Trusted by Millions of Users

1 M+
App Downloads
1 L+
Loan Sanctioned
1 Cr+
Loan amount disbursed
1 L+
Active Loans

What our customers say about us


June 14

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Frequently asked questions

Once you link your bank account to the Navi app, turn on the “auto debit” option. Your EMIs will automatically get deducted as per the due date. Just ensure that you have sufficient balance in your account on or before the monthly repayment date.

Here are some of the factors you should consider before taking a personal loan:

  • Credit score: Your credit score defines your creditworthiness. A good credit score can help you fetch better deals on your loan. Similarly, a poor credit score could reduce your creditworthiness and lead to loan rejection.
  • Repayment capacity: Check your repayment capacity before taking a loan. Missed EMI payments could hurt your credit score and put a dent in your creditworthiness.
  • Loan EMI: Always calculate your loan EMI beforehand to check your monthly repayment obligations. This would help efficiently manage your finances.
Yes, you can prepay your loan at your convenience. Navi doesn’t charge any prepayment fee.
If you miss multiple EMI payments, it will negatively affect your credit score. Which would affect your creditworthiness.
As no collateral is involved, your personal loan interest rate is determined on the basis of parameters such as loan amount, credit score and repayment capacity.
If you face any issues with the Navi app or have any other queries, you can write to [email protected].

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