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Under this partnership, borrowers can avail personal loans of up to INR 2 lakhs with a tenure of up to 72 months on the Navi app. For your convenience, Navi enables a fully digital onboarding process with minimal documentation and flexible repayment methods.
Navi Group, a technology-driven financial products and services company, announced Tuesday a partnership with Piramal Capital & Housing Finance Ltd. (hereafter referred to as Piramal Finance) to provide ‘digital personal loans’ to customers across Bharat. I’m here.
Piramal Capital & Housing Finance Ltd., a wholly owned subsidiary of Piramal Enterprises Limited, is an established financial services company in India.
Under this partnership, borrowers can avail personal loans of up to INR 2 lakhs with a tenure of up to 72 months on the Navi app. For your convenience, Navi enables a fully digital onboarding process with minimal documentation and flexible repayment methods.
Piramal Finance will fund 80% of the loans generated by the joint financing agreement, with the remaining 20% funded by Navi Finserv (NBFC, a wholly owned subsidiary of Navi Technologies).
How Borrowers Can Access Loans on the Navi Mobile App:
step 1:
Click “Avail Loan” on the Navi mobile app home screen
Step 2: Enter personal and other details
Step 3: Check the generated offer – loan amount, term, ROI and full KYC
Step 4: Select the offer as per your requirements and set up the reimbursement facility (NACH).
Step 5: Digitally sign the joint lending agreement and the loan will be disbursed in seconds.
(edited by: Anshul)
First published: IST
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