Following are the key details of Navi Home Loan:
|Loan amount||Up to Rs. 5 Crores|
|Rate of interest||6.46% p.a. onwards|
|Tenure||Up to 25 years|
|Lowest EMI possible||Rs. 673 per Lakh|
|Processing fee||Up to 1% of loan amount|
|Loan-to-Value||Up to 90% of property value|
Navi home loan interest rate starts from as low as 6.46% 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 home 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. This offer is valid till 31 January 2022. Interest rate also vary on an individual's cibil score.
Following are the Navi home loan eligibility criteria:
Tip - Check cibil score for home loan before applying.
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:
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. 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: 6.46% p.a.
Tenure of repayment chosen: 25 years
EMI to be paid each month: Rs. 33,635
Total interest to be paid: Rs. 50,90,648
Total amount to be paid by the borrower (principal + interest): Rs. 1,00,90,648
You can apply for Navi home loan by following the steps mentioned below:
Additional Info: You Can also apply for SBI Personal Loan
|Lender’s Name||Maximum Loan Amount||Rate of Interest (p.a.)||Processing Fee||Maximum Tenure|
|Navi||Rs. 5 Crores||6.46% onwards||Up to 1%||25 years|
|HDFC Bank||Rs. 10 Crores||6.75% - 8.20%||Up to 0.50% or Rs. 3,000 whichever is higher + applicable taxes||30 years|
|ICICI Bank||Rs. 3 Crores||6.70% - 7.55%||0.50% + applicable taxes||30 years|
|Bajaj Finserv||Rs. 5 Crores||6.65% -15%||0.50% - 6%||30 years|
|Axis Bank||Rs. 5 Crores||6.75% - 12%||Up to 1%, minimum Rs. 10,000||30 years|
|Kotak Mahindra Bank||Rs. 10 Crores||6.55% - 7.10%||Up to 1% + taxes & other applicable statutory dues||20 years|
|SBI||Up to 90% of property cost||6.70% - 6.90%||Waived off||30 years|
|Yes Bank||Up to 90% of property cost||6.70% onwards||2% or Rs. 10,000, whichever is higher + GST||30 years|
For home loan queries, you can email Navi Home Loan customer care through:
Navi Technologies Pvt Limited
3rd Floor, Salarpuria Business Center,
93, 5th A Block, Koramangala
Bangalore - 560095
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MyMoneyMantra is India’s largest phygital loan distributor. With trust of 70 lakh customers, we assure hassle free access to the best Home Loans up to 10 crore for housing loan borrowers in India. Our service is 100% free. We use latest technology and AI to serve customers across the length & breadth of our diverse country. Check Eligibility & Apply.
Navi is an advanced digital platform that offers instant home loans and other products. You can get instant home loans up to Rs. 5 Crores from Navi. You don’t even need to submit any documents till you get a loan offer. Navi provides high loan amounts and low EMIs. Navi home loans can be availed for under-construction, self-constructed and ready to move-in homes. No application fee, legal fee, valuation fee, or document handling fee is involved.
Currently, Navi Finserv services home loans in Delhi, Bengaluru, Hyderabad, Chennai and Mysore. The service is launching in Mumbai soon.
The current Navi home loan interest rate starts from as low as 6.46% p.a.
Yes. You can apply for a Navi home loan online through the official website of Navi or from the Navi mobile app available on Google Play Store and Apple App Store.
You can call Navi on 814754455 or send an email at email@example.com to know about the minimum salary required for Navi Home Loan.