If you are looking for a quick and easy way to get a personal loan, you might have come across the Navi Loan App. This app claims to offer instant loans of up to Rs. 5 lakhs with minimal documentation and low interest rates.
But is it too good to be true? Is the Navi Loan App fake or real? How can you tell the difference?
In this Article, i will tell you all about the NAVI Loan App, which i experienced while using it.

Navi Loan App Fake or Real
Is the Navi Loan App Fake or Real? | Review
The Navi Loan App is not a fake app. It is a real app that has permission from the Reserve Bank of India (RBI) to give loans as a non-banking financial company (NBFC). It also follows the rules and guidelines that the RBI has made for NBFCs.
The app has a real website (https://navi.com/) and a customer care number (1800-572-8899) that you can call for any questions or problems. The app also has good reviews and ratings on the Google Play Store from happy customers.
But that does not mean that the Navi Loan App is good for everyone. Before you get a loan from the app, you should know some of the drawbacks and risks involved. Some of them are:
- The app might ask you to pay high interest rates and fees based on your credit score and loan amount. The interest rate can be from 11% to 36% per year, which is more than some other loan providers in the market.
- The app might have tough rules for giving loans and say no to your loan application if you do not meet them. For example, you need to earn a salary of at least Rs. 15,000 every month and have a CIBIL score of at least 650 to get a loan from the app.
- The app might have harsh fines and charges for paying late or not paying at all. If you do not pay your EMI on time, you might have to pay a late payment fee of 2% per month on the amount that you owe. You might also face legal trouble or recovery agents if you do not pay your loan.
- The app might share your personal and financial information with other people or companies for marketing or verification purposes. This might affect your privacy and security and put you at risk of frauds or scams.

Navi Loan App Customer Reviews Examples :
The customer reviews can be found on various platforms such as the Google Play Store, social media, blogs, forums, or websites. The customer reviews can be positive or negative depending on the customer’s experience and satisfaction with the Navi Loan App.
Some examples of Navi Loan App customer reviews are:
HAPPY USER
“I applied for a loan of Rs. 50,000 from Navi Loan App and got approved in minutes. The money was transferred to my account within 24 hours. The interest rate was reasonable and the repayment options were flexible. I am very happy with the service and would recommend it to anyone who needs a quick loan.”
UNHAPPY USER
“Navi Loan App is a scam. They approved my loan of Rs. 1 lakh and asked me to upload my bank statement and selfie for verification. After that, they said my loan was rejected and deducted Rs. 10,000 from my account as processing fee. They also blocked my number and did not respond to my emails. I have filed a complaint with the RBI and the police.”
UNHAPPY USER
“Navi Loan App is a good app but not for everyone. They have very strict eligibility criteria and high interest rates. I applied for a loan of Rs. 2 lakhs but got rejected because my credit score was low. They also asked me to provide a lot of documents and information which I felt was intrusive. I think they should make their app more user-friendly and transparent.”
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What are Navi Loan Eligibility & Documents Required ?
Navi Loan eligibility is the set of criteria that you need to meet to qualify for a loan from the Navi Loan App.
The eligibility criteria may vary depending on your loan amount, tenure, income, credit score, and other factors. Here are some of the common eligibility criteria:
- You must be a citizen and resident in India.
- You must be between the age of 18 to 60 years old.
- You must have a valid Aadhaar number and PAN number.
- You must have a minimum monthly income/salary of Rs. 15,000.
- You must have a minimum CIBIL score of 650.
- You must have a bank account with net banking facility.

Navi Loan App Fake or Real
What is Navi Loan App Interest Rate?
Navi Loan App interest rate is the percentage of interest that you have to pay on your loan amount every year. The interest rate may vary depending on your loan amount, tenure, income, credit score, and other factors.
The interest rate can range from 11% to 36% per annum, which is higher than some other lenders in the market. The interest rate is fixed for the entire loan duration and does not change with market fluctuations. You can check your interest rate on the app before accepting the loan offer.
READ MORE – Can You Get Car Loan And Personal Loan At The Same Time From The Same Bank?
How does the Navi Loan App Work?
To get a loan from the Navi Loan App, you have to download the app from the Google Play Store and sign up with your mobile number and Aadhaar number.
You also have to give some basic information like your name, date of birth, address, income, and PAN number. The app will then check your identity and credit score using your Aadhaar data and other sources.
If you qualify for a loan, you will see the loan amount, time period, interest rate, and EMI on the app.
You can then agree to the loan offer and upload your bank statement and selfie for verification.
Once your loan is approved, you will get the money in your bank account in a day.

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Conclusion :
Hope you got the answer of this questions “Is the Navi Loan App Fake or Real?“
The Navi Loan App is not a fake app, but it is not a perfect app either.
It has its pros and cons that you should weigh carefully before applying for a loan from it. You should also compare it with other loan options available in the market and choose the one that suits your needs and budget best.
Remember, borrowing money is a serious responsibility that should not be taken lightly. Always borrow responsibly and repay on time.
FAQ’s :
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What is the Minimum Loan from Navi?
The minimum loan from Navi is Rs. 10,000. You can apply for a loan from Rs. 10,000 to Rs. 5 lakhs from the Navi Loan App.
The loan amount that you can get depends on your eligibility and creditworthiness. -
How much loan can Navi give?
Navi can give you a loan of up to Rs. 5 lakhs if you meet their eligibility criteria and have a good credit score.
The loan amount that you can get also depends on your income, expenses, existing loans, and repayment capacity. -
What happens when Navi loan is not paid?
When Navi loan is not paid, you may face serious consequences such as:
1. You may have to pay a late payment fee of 2% per month on the overdue amount.
2. Your credit score may drop and affect your future borrowing ability.
3. Your personal and financial information may be shared with recovery agents or legal teams who may harass or intimidate you for repayment.
4. You may face legal action or arbitration for defaulting on your loan. -
Can I get loan from Navi without income proof?
No, you cannot get a loan from Navi without income proof.
You need to provide your bank statement as a proof of your income when you apply for a loan from the Navi Loan App.
The bank statement should show your salary or business income for at least the last three months. -
How do I cancel my Navi loan?
You can cancel your Navi loan by contacting their customer care number (1800-572-8899) or emailing them at care@navi.com.
You need to provide your loan reference number and reason for cancellation.
You also need to pay back the principal amount and any interest or charges that have accrued till the date of cancellation.