Enjoy attractive interest rates starting at 9.9% p.a. with flexible EMI options
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About ₹20,000 Personal Loan
Facing a sudden cash crunch? During such financial emergencies, a personal loan of ₹20,000 could be a huge help. Thanks to Navi, you can now avail an instant personal loan within a few minutes in a 100% paperless manner.
All you have to do is download the Navi app and apply for a ₹20,000 personal loan. It’s that simple! From application and approval to disbursal – the entire process is super quick and hassle-free. You will also enjoy flexible EMIs and competitive interest rates.
Features and Benefits of ₹20,000 Personal Loan
Features and Benefits of ₹20,000 Personal Loan
Apply on the Navi app and get your loan approved and disbursed to your account in minutes
Loan of your choice
Navi offers loans up to ₹20 lakh. Apply on the Navi app for an amount of your choice
100% paperless process
Apply for ₹20,000 personal loan easily in a 100% paperless manner on the Navi app
Flexible EMI options
Navi offers a repayment tenure of up to 72 months. Repay at your convenience
Zero pre-closure charges
You can choose to foreclose your account at any time without any extra cost
No collateral needed
No collateral or guarantor is required to apply for Navi instant personal loans
No end-use restriction
Use the loan for addressing any financial need
How to Apply for a ₹20,000 Personal Loan?
Follow these steps to apply for an instant ₹20,000 loan with Navi:
Install the Navi App
Download the Navi App from Google Play Store or App Store
Check your eligibility
Enter a few basic details like name, address, PAN, etc., to check your eligibility
Select loan details
Enter the loan amount and tenure
Complete your KYC verification
Our representative will call you. Complete your V-KYC with PAN
Link your bank account and Get your loan
Enter bank details and set up auto pay. Get instant money in your bank account
How to Apply for a ₹20,000 Personal Loan?
Apply Now
Eligibility Criteria and Documents Required
Indian Resident 18-65 years of age
PAN Card Holder
Salaried or Self-Employed
Aadhaar Card Holder
₹20,000 Personal Loan Interest Rates in India
Navi offers competitive interest rates starting from 9.9% p.a. The final interest rate depends on your eligibility criteria.
| Interest Rate | 9.90% p.a. onwards |
| Processing Fee | Up to ₹7,500 |
| Loan Amount | Up to ₹20 lakh |
| Loan Prepayment Fee | Nil |
| Loan Tenure | From 3 to 72 months |
How to Calculate EMI on ₹20,000 Loan?
You can calculate the EMI of your ₹20,000 personal loan manually or through Navi Personal Loan online EMI calculator. Calculating your monthly repayment amount will help you plan your finances better. Here is the formula for calculating EMI for a personal loan:
EMI = P × r × (1 + r)n/((1 + r)n – 1) where P= Loan amount, r= interest rate, n=tenure in number of months.
Calculating EMIs manually can get hectic and leaves room for error. Opt for Navi’s online EMI calculator to get faster and accurate results. Just enter the loan amount, tenure and interest rate. The online calculator will display the EMI amount.
Personal Loan Calculator
Loan Amount
Rate of Interest (P.a)
%
Loan Tenure (Months)
months
Monthly EMI
Total Interest
Total Amount
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Why Choose Navi for your ₹20,000 Personal Loan?
No paperwork
100% app-based paperless process. You can apply for a loan from anywhere, anytime.
Instant disbursal
If you need instant cash to cross any financial hurdle, choose Navi. It hardly takes a few minutes to apply and get the loan disbursed to your account if you are eligible.
No hidden charges
Extremely transparent process with no additional or hidden charges. In case you have any doubt, feel free to write to us or check our rate card.
Various Use Cases of Personal Loan
Car Loan
Travel Loan
Bike Loan
Mobile Loan
Marriage Loan
Used Car Loan
Second Hand Bike Loan
Laptop Loan
Personal Loan in Your City
Bengaluru
Kolkata
Jaipur
Kerala
Coimbatore
Ahmedabad
Delhi
Mumbai
Chennai
Hyderabad
Pune
Kolkata
Personal Loan of Different Budget
- ₹5,000
- ₹10,000
- ₹15,000
- ₹20,000
- ₹25,000
- ₹30,000
- ₹40,000
- ₹50,000
- ₹1 Lakh
- ₹2 Lakh
- ₹5 Lakh
- ₹10 Lakh
Trusted by Millions of Users
1 M+
App Downloads
1 L+
Loan Sanctioned
1 Cr+
Loan amount disbursed
1 L+
Active Loans
What our customers say about us
It's a superb app that provides loan with minimum document. The approval process is too fast, within 10 minutes amount was credited to my account. Thanks a lot team.
Jajnyeswar Medhi
The easiest way I have ever received a loan. It was beyond my expectations as I had to upload everything online and my loan was credited within few minutes. Thank you Navi!!
Mriganka Baishya
I required money for my mother's sudden illness. They were in the way of hospital and i was just thinking that from where should I send money. Navi app helped me with immediate loan. Thanks again
SS Rathore
This is the first time that I had great experience personal loan, thanks to Navi App. The option provided for loan customisation is excellent for hassle-free repayment. This is the one of the best App and highly recommended.
Senthil Murugan
I felt it is the best instant loan app in the market at present. Very simple process of availing the loan. This app does not ask for a lot of personal or device or bank information like other instant loan apps. Keep it up team!
Kartik Talwar
Excellent & Quick. Fast & quick disbursem*nt when you are in urgent need money is what most of us look for. Thank you so so much Navi. Hope this service continues in coming days too.
Kavya MN
I am really very happy and impressed with the Navi Personal loan App. I applied for a loan and it got approved quickly without any problem. The loan process was very smooth. I recommend this App for personal loans.
Kurapati Durgaprasad
Navi is a simple app for personal loans. It needs minimum documentation. I applied for a loan it hardly took 5-10 minutes for loan disbursal. Thank you Navi!
Vikas Kumar
Wonderful app. Very easy to use and everything described very clearly to avoid any confusion. I am using this app for last 7 months and have a loan but I never faced any inconvenience related to payment or anything else.
Yogesh Kumar
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Blogs
June 14
Benefits Of A Personal Loan, How To Apply Online And Things To Consider Before Getting A Personal Loan
Personal loans are unsecured loans that do not require collateral.
April 19
How To Get an Instant Personal Loan without Documents?
India is going digital and to stay aligned with the digitisation-for-all goal, most financial institutions are also implementing new technology to mitigate the need for physical documents.
Feb 11
Personal Loan Tax Benefits: 4 Ways To Claim Tax Exemptions On Personal Loan In India
The trend of instant personal loans is ballooning these days. All of this is possible because of the various instant personal loan platforms, and the Navi Instant app is one among the best of them.
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Frequently asked questions
How can I pay my EMI loan?
Once you link your bank account to the Navi app, turn on the “auto debit” option. Your EMIs will automatically get deducted as per the due date. Just ensure that you have sufficient balance in your account on or before the monthly repayment date.
What are the factors to consider before taking a personal loan?
Here are some of the factors you should consider before taking a personal loan:
- Credit score: Your credit score defines your creditworthiness. A good credit score can help you fetch better deals on your loan. Similarly, a poor credit score could reduce your creditworthiness and lead to loan rejection.
- Repayment capacity: Check your repayment capacity before taking a loan. Missed EMI payments could hurt your credit score and put a dent in your creditworthiness.
- Loan EMI: Always calculate your loan EMI beforehand to check your monthly repayment obligations. This would help efficiently manage your finances.
Is there any option for prepayment?
Yes, you can prepay your loan at your convenience. Navi doesn’t charge any prepayment fee.
What will happen if I miss EMI payments?
If you miss multiple EMI payments, it will negatively affect your credit score. Which would affect your creditworthiness.
How is the rate of interest determined on personal loans?
As no collateral is involved, your personal loan interest rate is determined on the basis of parameters such as loan amount, credit score and repayment capacity.
Where can I find help if there is any issue with the Navi app?
If you face any issues with the Navi app or have any other queries, you can write to [emailprotected].
