Following are the key details of Navi Finserv Home Loan:
|Instant Loan amount||Up to Rs. 5 Crores|
|Rate of interest||8.55% p.a. onwards|
|Tenure||Up to 30 years|
|Lowest EMI possible||Rs. 794 per Lakh|
|Loan-to-Value||Up to 90% of property value|
Additional Info: You can also avail Navi Personal Loan
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. This offer is valid till 31 March 2023. Interest rate also vary on an individual's cibil score.
|Lender’s Name||Maximum Loan Amount||Rate of Interest (p.a.)||Processing Fee||Maximum Tenure|
|Navi||Rs. 5 Crores||8.55% onwards||Up to 2%||30 years|
|HDFC Bank||Rs. 10 Crores||8.50% - 9.15%||Up to 0.50% or Rs. 3,000 whichever is higher + applicable taxes||30 years|
|ICICI Bank||Rs. 3 Crores||9.00% - 10.05%||0.50% + applicable taxes||30 years|
|Bajaj Finserv||Rs. 5 Crores||8.50% - 14.00%||0.50% - 6%||30 years|
|Axis Bank||Rs. 5 Crores||8.70% - 9.10%||Up to 1%, minimum Rs. 10,000||30 years|
|Kotak Mahindra Bank||Rs. 10 Crores||8.70% - 8.95%||Up to 1% + taxes & other applicable statutory dues||25 years|
|SBI||Up to 90% of property cost||8.40% - 10.05%||Up to 0.35%||30 years|
|Yes Bank||Up to 90% of property cost||9.40% - 10.25%||2% or Rs. 10,000, whichever is higher + GST||30 years|
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:
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.
|Loan Amount||10 years||20 years||30 years|
|Rs. 20,00,000||Rs. 25,173||Rs. 17,802||Rs. 15,877|
|Rs. 30,00,000||Rs. 37,760||Rs. 26,703||Rs. 23,816|
|Rs. 40,00,000||Rs. 50,346||Rs. 35,604||Rs. 31,754|
|Rs. 50,00,000||Rs. 62,933||Rs. 44,505||Rs. 39,693|
|Rs. 60,00,000||Rs. 75,519||Rs. 53,406||Rs. 47,631|
|Rs. 70,00,000||Rs. 88,106||Rs. 62,307||Rs. 55,570|
You will be required to submit just a few documents (as mentioned below) online to apply for a Navi Home Loan:
Following are the Navi loan eligibility criteria:
Tip - Check cibil score for home loan before applying.
The fees and charges associated with Navi home loan are mentioned below:
You can apply for Navi home loan by following the steps mentioned below:
Additional Info: You Can also apply for SBI Personal Loan
For home loan queries, you can email Navi Finserv Home Loan customer care through:
Navi Technologies Pvt Limited
3rd Floor, Salarpuria Business Center,
93, 5th A Block, Koramangala
Bangalore - 560095
Apply for instant home loan online at Interest Rate starting from as low as 8.50% p.a. Pay EMI of just Rs. 769 per Lakh. Loan can be repaid in flexible tenure of up to 30 years. Apply now with minimal documentation. Check eligibility & get instant approval here.
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 Finserv Home loan interest rate starts from as low as 8.55% p.a.
Yes. You can apply for a Navi 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 firstname.lastname@example.org to know about the minimum salary required for Navi Home Loan.