NAVI
Home Loan

Following are the key details of Navi Finserv Home Loan:

• Navi offers a high home loan amount of up to 90% of property value, subject to a maximum of Rs. 5 Crores.
• Navi interest rate is affordable and starts from just 8.55% per annum.
• The borrowed home loan amount can be repaid in flexible tenure of up to 30 years.
• Nil processing fee charged on the approved loan limit.
• Navi offers instant home loans of all types for under-construction, self-constructed and ready to move-in independent houses and apartments.
• If you apply for the loan directly from Navi mobile app, you will get upfront cashback up to Rs. 2.5 Lakhs. 
• Get instant approval for a home loan within 5 minutes through a seamless and paperless process.
• The Navi app is available on Google Play Store as well as Apple App Store.
• You can use the Navi Home Loan EMI Calculator to calculate the EMI of your home loan before applying for the loan.
• You do not require any Navi Finserv home loan documents till you get a loan offer.
• No application fee, legal fee, valuation fee, and document handling fee involved.

Navi Instant Home loan interest rate starts from as low as 8.55% p.a. The applicable interest rate on home loan is decided based on various factors, such as the loan amount to be availed, tenure chosen for loan repayment, eligibility and repayment capacity of the borrower, and so on.

If you opt to apply for the Navi Finserv loan directly from the Navi mobile app, you get a chance to receive upfront cashback of up to Rs. 2.5 Lakhs, making your loan more affordable.

Types of Navi home loans offered by Navi Housing Finance depend on the requirement of the borrowers. Following are the types of home loans offered by Navi:

• Loans for under-construction property: These loans can be availed for purchasing an under-construction property.
• Loans for self-constructed: This housing loan can be availed for buying a self-constructed housing property.
• Loans for ready to move-in homes: These loans are available for purchasing ready to move-in homes.

Additional Info: You can Know About Navi Mutual Fund

You can use the Home Loan EMI Calculator available on the official website and mobile app of Navi to calculate the Navi home loan EMI Calculator. Alternatively, you can also use MyMoneyMantra Home Loan EMI Calculator.

Here is an example of EMI calculation done using MyMoneyMantra Home Loan EMI Calculator:

Loan amount to be borrowed: Rs. 50 Lakhs

Applicable rate of interest: 8.55% p.a.

Tenure of repayment chosen: 30 years

EMI to be paid each month: Rs. 39,693

Total interest to be paid: Rs. 92,89,360

Total amount to be paid by the borrower (principal + interest): Rs. 1,42,89,360

Home Loan EMIs for Navi Finserv Loan, sharing below EMI Calculation for Rs 20 Lakh to Rs 70 Lakh amount for 10, 20 & 30 years at lowest rate of 8.55% p.a.

You will be required to submit just a few documents (as mentioned below) online to apply for a Navi Home Loan:

• You can complete your KYC with just a PAN Card and Aadhaar Card.
• You will also be required to submit your Bank Statement or GST Returns.

Following are the Navi loan eligibility criteria:

• The applicant must be an Indian citizen.
• Age of the borrower should be above 18 years.
• The Navi home loan is available in these select cities right now: Delhi, Bengaluru, Hyderabad, Chennai and Mysore. The service is launching in Mumbai soon.

Tip - Check cibil score for home loan before applying.

The fees and charges associated with Navi home loan are mentioned below:

• Rate of interest: 8.55% p.a. onwards.
• Processing fees: Currently, Navi does not charge any processing fee on housing loans.
• Foreclosure charges: You can foreclose your Navi home loan at zero foreclosure charges.

You can apply for Navi home loan by following the steps mentioned below:

• Download the Navi app on your smartphone from Google Play Store or Apple App Store.
• Submit the details of the property that you wish to buy.
• Check your home loan eligibility based on PAN and basic details submitted by you.
• Get instant approval on meeting the Navi home loan eligibility criteria.

Additional Info: You Can also apply for SBI Personal Loan

For home loan queries, you can email Navi Finserv Home Loan customer care through:

Email: help@navi.com

Call: 814754455.

Office address:

Navi Technologies Pvt Limited

3rd Floor, Salarpuria Business Center, 

93, 5th A Block, Koramangala

Bangalore - 560095