Get Instant Personal Loan for Mobile with Navi

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

What is a Mobile Loan?

Planning to upgrade your old phone or buy the latest in tech mobile phone in the market but are short in cash? An instant mobile loan with Navi can help you buy a new smartphone of your choice. Just download the Navi app, apply for a mobile loan and get your favourite phone in your hands.

Navi’s instant personal loan for mobile gives its customers the buying power of a new mobile in a 100% paperless manner. What’s more? You get to enjoy flexible EMI options and competitive interest rates. So, why wait? Download the Navi app today!

Features and Benefits of Mobile Loan

Features and Benefits of Mobile Loan

Apply through the Navi app to get a mobile loan instantly approved and disbursed directly into your account in just a few minutes
Whether you need ₹50,000 or ₹2 lakh, we have you covered
Navi offers mobile loans at competitive interest rates starting from 9.9% p.a.
No paperwork or physical interaction is required. Completely app-based process
Repay at your convenience over a tenure of up to 72 months.
No lengthy documentation. Only your PAN details would suffice

How to Apply for a Mobile Loan with Navi?

Download the Navi App from 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 Mobile Loan with Navi?

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

Mobile Loan Interest Rates in India

Navi offers personal loans for mobile at attractive interest rates starting from 9.9% p.a. However, the final interest rate offered depends 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 EMI on Personal Loan for Mobile?

The EMI of a mobile/personal loan depends on three factors – loan amount, interest rate and tenure. The mathematical formula to calculate EMI is

EMI = P × r × (1 + r)n/((1 + r)n – 1)

P= Loan amount
r= interest rate
n=tenure in number of months

However, calculating EMI manually can be tedious and time-consuming. As an alternative, you can use our mobile loan EMI calculator to instantly check your monthly repayment obligations. All you need to do is select the loan amount, tenure and interest rate, and you shall be able to view 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 Personal Loan to Buy a Mobile Phone?

It’s easy!

With the Navi app, you can enjoy 100% paperless loan applications, instant approval and minimal documents are required. Download the Navi app and apply for a cash loan for mobile from anywhere, anytime!


The user-friendly design provides a smooth customer journey and experience. The easy-to-navigate interface makes applying for a mobile loan easier than before. From loan application to disbursal, all can be completed in just a few minutes.

Competitive pricing

Navi offers attractive interest rates with zero foreclosure fees. This makes Navi Personal Loan one of the most affordable loan products 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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Active Loans

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Frequently asked questions

A mobile loan is a type of personal loan that can help you fund the purchase of a new mobile. It’s an unsecured loan, meaning, you do not have to pledge collateral or a guarantor. With Navi, you can get a personal loan for a mobile of your choice at competitive interest rates, flexible EMIs and a repayment tenure of up to 72 months.
You can easily apply for a mobile loan by downloading the Navi app. Just enter your name, address and PAN card to check eligibility. Next, enter the loan amount and tenure. Complete the KYC process and enter your bank account details. The approved loan will be directly disbursed into your bank account.
You can repay your loan in easy EMIs or Equated Monthly Instalments. Your EMI depends on three factors – your loan amount, tenure and interest rate.
Calculating personal loan/mobile loan EMI manually can be a tedious process. You can use Navi’s personal loan EMI calculator to check your monthly repayment obligations. This easy-to-use online calculator carries a user-friendly interface. Just select the loan amount, tenure and interest rate and you will be able to view your EMI.
Other than the aforementioned eligibility parameters, you need to have a good credit score to get a mobile loan with Navi. Also, having an above-average credit score can help you fetch loans with preferential rates and a bigger ticket size.


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