Get an instant personal loan of ₹5,000 with Navi

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

About ₹5,000 Personal Loan

Need urgent cash to battle month-end blues? Apply for an instant personal loan of ₹5000 with Navi and stay stress-free. Instant approval, 100% paperless loan journey and minimal documentation make Navi Personal Loan one of the most sought-after loan products in the market.

Getting a personal loan from Navi is extremely simple and hassle-free. All you have to do is download the Navi app and apply for the loan. The whole process, from loan application to disbursal, is extremely quick and convenient. You can avail of loans with attractive interest rates in a 100% paperless manner and repay as per your convenience. Whether you need an instant loan of ₹5,000 or more, Navi has you covered.

Features and Benefits of ₹5,000 Personal Loan

Features and Benefits of ₹5,000 Personal Loan

With the Navi app, you can apply for loans and enjoy the perks of fast approval and quick disbursal
Zero paperwork required. Completely app-based process – from loan application to disbursal
Get instant approval on loans up to ₹20 lakh
Enjoy attractive interest rates on personal loans starting from 9.9% p.a.
Repayment tenure of up to 72 months gives you the flexibility to repay as per your convenience
There is no pre-closure fee charged if you choose to prepay your loan

How to Apply for a ₹5,000 Navi Personal Loan?

Follow the steps below to apply for a ₹5,000 instant personal loan
Download the Navi App from Google Play Store or App Store
Enter your basic details like name, address, PAN, etc., to check your eligibility
Enter the loan amount and the repayment tenure
Our representative will call you. Complete your video-KYC with PAN or Aadhaar (optional)
Enter your bank details, set up auto-debit and get the loan transferred to your account within minutes

How to Apply for a ₹5,000 Navi Personal Loan?

Eligibility Criteria and Documents Required

Indian Resident 18-65 years of age

PAN Card Holder

Salaried or Self-Employed

Aadhaar Card Holder

₹5,000 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 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 EMI on Personal Loan?

You can calculate the EMI for your ₹5000 loan either manually or with the help of a personal loan EMI calculator. The formula for personal loan EMI calculation is as follows:

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

Calculating the EMI in advance can help you plan out your budget better. However, manual calculations can be complicated. Instead, you can use the Navi Personal Loan EMI Calculator. With the online EMI calculator, you can easily calculate your monthly repayment obligations. All you need to do is provide the loan amount, interest rate and loan tenure. After putting in the details, you’ll be able to see the EMI amount.

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 ₹5,000 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.

No paperwork

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

Competitive rates and charges

We are here to make personal finance accessible to all. So, keeping the affordability factor in mind, we offer you one of the lowest interest rates in the market today.

Trusted by Millions of Users

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App Downloads
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Loan Sanctioned
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Loan amount disbursed
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What our customers say about us

Blogs

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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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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April 19

How To Get an Instant Personal Loan without Documents?

India is going digital and to stay aligned with the digitisation-for-all goal, most financial institutions are also implementing new technology to mitigate the need for physical documents.

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Feb 11

Personal Loan Tax Benefits: 4 Ways To Claim Tax Exemptions On Personal Loan In India

The trend of instant personal loans is ballooning these days. All of this is possible because of the various instant personal loan platforms, and the Navi Instant app is one among the best of them.

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Frequently asked questions

Personal loans don’t have any end-use restrictions. You can use the amount to pay your credit card bills or meet any other urgent financial requirements.
The final interest rate offered depends on a variety of factors, including but not limited to your credit score, repayment capacity, and loan amount.
You can pay your loan EMI by setting up auto debit via the Navi app. Your EMI will automatically get deducted on the due date. Just ensure that you have sufficient balance in your account on or before the monthly repayment date.

Mentioned below are some of the factors that you might consider before taking a personal loan:

  • Credit Score: While a good credit score helps in your loan approval, a poor credit score might get your loan application rejected. Also, having a good credit score can help you get better deals on your loan, like lower interest rates.
  • Loan EMI: Calculating the loan EMI beforehand can help you plan better. Use Navi’s personal loan EMI calculator for quick and hassle-free EMI calculations.
  • Repayment capacity: You must always check whether you have the capacity to repay the loan. Missed EMI payments can lead to loan default, which might hurt your credit score and creditworthiness.
Yes, you can prepay your loan at no additional cost.
Missing EMIs multiple times can lead to loan default and can call for penalty charges. Also, it can have an adverse effect on your credit score.
You can reduce your personal loan EMI by increasing the loan tenure. However, for long-term loans, you end up paying more as interest.