Get an instant ₹5 Lakh Personal Loan with Navi

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

About ₹5 Lakh Personal Loan

Want a lump sum amount of ₹5 lakh to meet an urgent financial need? Look no further, you can get an instant personal loan of ₹5 lakh from Navi in a 100% paperless manner. It’s convenient and fast with no end-use restriction. You can use the amount to address any financial requirement.

All you need to do is download the Navi app from the Play store or App store and apply for a personal loan with minimal documentation. From application and approval to disbursal, the entire process takes only a few minutes! You can also enjoy attractive interest rates and flexible EMIs. Whether you need ₹5000 or ₹5 lakh, Navi has got you covered.

Features and Benefits of ₹5 lakh Personal Loan

Features and Benefits of ₹5 lakh Personal Loan

With Navi, you can get an instant personal loan approval and disbursal within minutes
No heavy paperwork. The entire process is online. Just apply on the Navi app
Navi offers personal loans up to ₹20 lakh. Apply for any amount to address urgent financial needs
Navi offers flexible EMIs with repayment duration of up to 72 months. Repay the loan at your convenience
Enjoy Navi Personal Loans at competitive interest rates starting from 9.90% p.a.
You can prepay the loan and close your loan. Navi does not charge prepayment fees

How to Apply for ₹5 Lakh Personal Loan?

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

How to Apply for ₹5 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

₹5 Lakh Personal Loan Interest Rates in India

Navi provides personal loans with attractive interest rates starting from 9.9% p.a. However, the rate of interest varies depending on your 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 ₹5 Lakh Personal Loan EMI?

You can calculate the EMI manually or via Navi Personal Loan EMI calculator online. Knowing your EMI amount before applying for a loan will help you manage your finances better. The formula for EMI calculation is:

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

Manual calculations may not be accurate and are time-consuming. Instead, use the Navi online EMI calculator for precise and quick results. Just enter the loan amount, repayment tenure and interest rate on the EMI calculator to get the monthly 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 ₹5 Lakh Personal Loan?

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.

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.

Trusted by Millions of Users

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App Downloads
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Loan amount disbursed
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What our customers say about us


June 14

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Frequently asked questions

You should consider the following tips before applying for a ₹5 lakh personal loan:

  • Credit score: Your credit score reflects your financial reliability or creditworthiness. Maintaining a good credit score will lead to getting a fast approval of your personal loan application. On the other hand, a low credit score could lead to rejection.
  • Repayment capacity: You should assess your repayment capacity before deciding on the loan amount. Defaulting EMI payments will hamper your CIBIL score and lower your chances for future loan approvals.
  • Loan EMI: You should calculate your EMIs in advance and evaluate if such an amount can be balanced with your monthly obligations so that you don’t miss out on EMIs.
If you fail to pay your EMIs on time, you will have to pay the penalty. Missing out on multiple EMIs will negatively affect your credit score.
The interest rate for a personal loan depends on an individual’s eligibility. Parameters such as your credit score, loan amount and repayment capability are the primary factors that affect the interest rates for a personal loan.
The most convenient way to pay your EMIs on time is to link your bank account to the Navi app and turn on the “auto-debit” option for automatic monthly payments. Just ensure to maintain sufficient balance in your account on or during the monthly repayment date.
Yes, you can close your loan account with prepayment at any time. Navi does not charge prepayment fees.

You can write to [email protected] in case you face any issues with the Navi app or have any other queries.

Yes, you can get a ₹5 lakh personal loan with minimal documents through the Navi app. Only your PAN card details are required.

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