Navi Launches Lending App For Instant Personal Loans
Money & Banking
Sachin Bansal co-founded Navi has launched Navi Lending App for instant personal loans up to ₹5 lakh. “Aimed at Indians in the middle-income segment who are comfortable with smartphones and technology, the Navi app provides instant loans of up to ₹5 lakh with tenures of up to 36 months, via a completely digital and contactless process for customers,” the company said in a release on Wednesday.
It is available for download on the Google Play store and customers can check their eligibility, select the loan and EMI amount, and enter their PAN and Aadhaar number to receive the loan amount in their bank account. The process is paperless and does not require uploading of any documents like pay slips or bank statements, it further said.
The app was launched in Beta mode in April, but has now been launched officially.
Samit Shetty, CEO, Navi Finserve, said the company is now scaling the app to 150 cities across the country.
Published on
June 24, 2020
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Sachin Bansal co-founded Navi has launched Navi Lending App for instant personal loans up to ₹5 lakh. “Aimed at Indians in the middle-income segment who are comfortable with smartphones and technology, the Navi app provides instant loans of up to ₹5 lakh with tenures of up to 36 months, via a completely digital and contactless process for customers,” the company said in a release on Wednesday.
It is available for download on the Google Play store and customers can check their eligibility, select the loan and EMI amount, and enter their PAN and Aadhaar number to receive the loan amount in their bank account. The process is paperless and does not require uploading of any documents like pay slips or bank statements, it further said.
The app was launched in Beta mode in April, but has now been launched officially.
Samit Shetty, CEO, Navi Finserve, said the company is now scaling the app to 150 cities across the country.
Published on
A letter from the Editor
Dear Readers,
The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill.
In these difficult times, we, at BusinessLine, are trying our best to ensure the newspaper reaches your hands every day. You can also access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute.
But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.
I appeal to all our readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. You can help us by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section.
Our subscriptions start as low as Rs 199/- per month. A yearly package costs just Rs. 999 – a mere Rs 2.75 per day, less than a third the price of a cup of roadside chai..
A little help from you can make a huge difference to the cause of quality journalism!
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