Considerable amounts of money, like 2 lakhs or more, are hard to come by. Unless you have been saving for a long period of time, you might not have 2 lakhs accumulated with you. In this case, if there is a financial need that you need to provide for, you can get access to funds through a personal loan.
A personal loan is a quick loan which offers funds for your personal financial needs. You can avail Rs 200000 loans or even higher through personal loans offered by lenders. Navi offers Rs 200000 loans within minutes. You can download the Navi app and apply for 2 lakh instant loan when you need money if you are eligible for the same.
You can get 2 lakh instant loan from Navi using the following steps –
After the KYC is completed, you need to link your bank account details on the App and your loan amount would get instantly credited to your bank account.
Availing a Rs 200000 loan from Navi has its advantages. These advantages include the following –
You can get a 2 lakh instant loan within a matter of 20 minutes. The loan application process is online and once you download the application, you can complete the process quickly and get funds at the earliest.
Navi offers loans starting from Rs.10, 000 to Rs.5 lakhs. So, even if you need an amount more or less than 2 lakhs, you can choose Navi for your needs
There is a range of repayment tenures offered. You can choose a suitable tenure based on your affordability of paying off the easily
You just need your PAN card and Aadhaar card to get a loan from Navi. For your photograph, click your selfie. The loan application process is, therefore, simple and quick
You can use Navi’s EMI calculator to find out the 2 lakh personal loan EMI. You can also change the loan amount and/or the repayment period to change the EMI. The calculator calculates the EMIs instantly and helps you find the most suitable amount
There are some eligibility parameters that you need to fulfil so that you avail a personal loan. With Navi, however, there is no specific eligibility criterion. Your eligibility is determined based on your details by Navi’s technology-driven model. You can, thus, download the Navi app and check your loan eligibility.
Here are some important eligibility requirements to get a loan that other lenders might specify–
Age of the applicant | There is a minimum and maximum age criterion. The minimum age ranges anywhere between 18 and 25 years depending on the lender while the maximum age is usually 65 years |
Occupation details | Self-employed individuals, self-employed professionals and salaried employees can avail the loan |
Monthly income amount | There is a minimum monthly income that you should earn to qualify for the loan. This amount is decided by the lender |
Credit score | Your credit score should at least be 650 to be eligible for the loan |
Documents are needed by lenders before they sanction the loan amount. However, if you apply for a loan through Navi, you would not have to submit any documents. Navi sanctions your loans based on your Aadhaar card number, PAN card number and your selfie only.
However, in case of other lenders, to avail a 2 lakh instant loan the following documents would be needed –
Do not delay your financial needs anymore. Avail a personal loan from Navi and get sufficient funds to pay for them or to meet any unforeseen emergencies.
The time taken to sanction the loan varies across lenders and it can range from a few minutes to days. If you choose Navi, however, the loan would be sanctioned within 20 minutes.
The EMI is calculated based on the loan amount, repayment tenure and interest rate. If any input is changed, the EMI would be changed. If you increase the loan amount, the EMI would also increase and vice-versa. On the other hand, if the repayment tenure is increased the EMI amount would decrease and vice-versa.
There is no requirement of any documents to be submitted to get a loan through Navi. Hence, there is no requirement to visit Navi’s office. All you need to do is enter your PAN Card and Aadhaar card number on the app along with a selfie to complete the KYC process for applying for a personal loan.
Axis Bank Personal Loan Interest Rates April 2023
Axis Bank Personal Loan interest rates are currently starting at 10.49% p.a. for loans of ₹25,000... Read More »No Credit Check Loans in India
What is No Credit Check Loan? A ‘no credit check loan’, as the name suggests, does not... Read More »Instant Cash Loan in 1 Hour Without Documents
Instant Cash Loan in 1 Hour Are you in any emergency cash crisis and in need of an instant cash ... Read More »Personal Loan on PAN Card – Check Your Eligibility & Apply Now!
Do you need urgent cash to pay for an unexpected expense, a pending bill, or a medical emergency? A... Read More »What are Short Term Loans? – Key Features and Benefits
Short Term Loan A short term loan provides urgent assistance for an individual’s financial req... Read More »Interest Rate on NBFC Personal Loan
NBFC Personal Loan Non-Banking Financial Companies (NBFCs) are becoming increasingly popul... Read More »How to Apply for a Pre Approved Personal Loan?
Pre Approved Personal Loan Pre-approved loans are instant personal loans that are offered by ban... Read More »Personal Loan Disbursal Process
A personal loan is an unsecured loan which you can avail to deal with any type of financial emergen... Read More »Unsecured Loan – Types, Benefits, Interest Rate & Eligibility
What is an Unsecured Loan? An unsecured loan is a type of loan that doesn't require any collater... Read More »Small Cash Loan on Aadhaar Card without PAN Card
Small cash loans are type of personal loans offered by banks and NBFCs to meet short-term financial... Read More »Personal Loan for Low CIBIL Score Applicants – Eligibility Criteria and How to Apply
Overview - Personal Loan With Low CIBIL Score Be it for a medical emergency, a sudden business o... Read More »What is a Fast Loan – Features, Interest Rates and How to Apply Online?
What is a Fast Loan? A fast loan is an instant personal loan that allows you to borrow money wit... Read More »Top 10 Chit Fund Schemes in India in 2023
Chit funds are one of the most popular return-generating saving schemes in India. It is a financial... Read More »10 Best Gold ETFs in India to Invest in April 2023
Gold ETFs or Gold Exchange Traded Funds are passively managed funds that track the price of physica... Read More »10 Best Demat Accounts in India for Beginners in 2023
Creation of Demat accounts revolutionised the way trades were conducted at the stock exchanges. It... Read More »20 Best Index Funds to Invest in India in April 2023
What is an Index Fund? An index fund is a type of mutual fund or exchange-traded fund (ETF) that... Read More »Best Arbitrage Mutual Funds to Invest in India in April 2023
Arbitrage funds are hybrid mutual fund schemes that aim to make low-risk profits by buying and sell... Read More »10 Best SIP Plans in India to Invest in April 2023
What is SIP? SIP or Systematic Investment Plan is a method of investing a fixed amount in ... Read More »10 Best Corporate Bond Funds in India to Invest in April 2023
Corporate bond funds are debt funds that invest at least 80% of the investment corpus in companies ... Read More »10 Best Bank for Savings Account in India [Highest Interest Rate 2023]
Savings account is a type of financial instrument offered by several banks. It lets you safely depo... Read More »