2022 Best Instant Personal Loans apps

By | January 30, 2022




Instant Personal Loans, Home Loans and Health Insurance

Navi Personal Loans

Loan quantity: ₹10,000 to ₹20,00,000
Interest prices: nine.99% to 36% in keeping with annum‌
Tenure: 3 to 72 months
Processing expenses: 2.Five% to 6% (Min ₹1,499+GST and Max ₹7,499+GST)

Example
Loan Amount: ₹50,000
Tenure: three hundred and sixty five days
Interest Rate: 22% (on reducing major stability interest calculation)
EMI: ₹four,680
Total Interest Payable: ₹4,680 x three hundred and sixty five days – ₹50,000 Principal = ₹6,one hundred sixty
Processing Fees (incl. GST): ₹1,475
Disbursed Amount: ₹50,000 – ₹1,475 = ₹48,525
Total Amount Payable: ₹4,680 x one year ₹fifty six,a hundred and sixty
Total Cost of the Loan = Interest Amount Processing Fees = ₹6,one hundred sixty + ₹1,475 = ₹7,635

WHAT DOES NAVI DO?

Navi is a new-age virtual platform that offers Instant Personal Loans, Home Loans and Health Insurance. Get immediately private loans up to ₹5 Lakhs and home loans as much as ₹10 Crores.

Thinking of buying medical health insurance? Navi Health Insurance offers complete fitness plans with monthly charges beginning at ₹241/month.

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