Navi

Q: What is the Navi App?

A: The Navi App is a mobile application that provides access to a range of personal finance products, including personal loans, home loans, health insurance, and mutual fund investments. It aims to simplify personal finance and make it accessible and affordable.

Q: Where can I download the Navi App?

A: You can download the Navi App from either the Google Play Store (for Android users) or the App Store (for iPhone users).

Q: What is the Navi Refer and Earn Program?

A: The Navi Refer and Earn program allows existing Navi customers to earn rewards by referring new users to the platform. When someone signs up using your unique referral link, both you and the new user can earn a bonus, which can go up to Rs. 30,000, depending on the Navi product they choose. To get started, simply generate your referral link from the Navi app and share it with friends and family.

Q: How can I refer and earn in the Navi app?

A: To participate in the Navi refer and earn program, follow these simple steps:

1. Log in to your Navi account.

2. Click on the “Refer & Earn” tab in the app.

3. Generate your unique referral link.

4. Share this link with others via messaging apps or social media. When someone signs up using your link, you can earn rewards based on the product they choose.

(Note: Navi refer and earn program is currently available in limited users.)

Q: When will I receive the reward for referring someone?

A: You will receive the reward within 4 days after your referred friend takes a loan from Navi. Once the loan is successfully disbursed to your friend, you become eligible for the referral reward.

Q: How and where will my reward be deposited?

A: Your reward will be transferred to your linked bank account or UPI (Unified Payments Interface) ID. After your referred friend takes a loan, you will have the opportunity to enter your UPI ID to receive the reward. The reward amount will be credited to the provided bank account or UPI ID.

Q: How much can I earn through Navi Refer and Earn?

A: You can earn up to ₹30,000 through the Navi Refer and Earn program. The specific amount and terms may vary depending on the ongoing referral promotion at the time. Be sure to check the latest details of the program for accurate information about potential earnings.

Q: What are the products offered by the Navi app?

A: The Navi app offers a range of financial products, including:

• Navi Personal Loan: Instant personal loans up to ₹20 lakh with attractive interest rates and flexible repayment options.

• Navi Home Loan: Home loans up to ₹5 crore with competitive interest rates and flexible repayment tenures.

• Navi Health Insurance: Comprehensive health insurance policies with coverage up to ₹1 crore, cashless claims in network hospitals, and unlimited online doctor consultations.

• Navi Mutual Fund: Access to a wide range of low-cost index funds designed for both seasoned investors and beginners.

Q: How can I apply for a personal loan through the Navi app?

A: To apply for a personal loan through the Navi app, follow these steps:

• Download the Navi app from Google Play Store or App Store.

• Enter your mobile number to receive an OTP.

• Fill in your basic details and check the loan offer.

• Select the desired loan amount and tenure.

• Link your bank account.

• Get the funds instantly transferred to your bank account.

Q: What are the eligibility criteria for a personal loan through the Navi app?

A: The eligibility criteria for a personal loan through the Navi app include:

• Nationality: Indian resident.

• Age: 18 years and above.

• Type of Employment: Salaried or Self-employed.

Q: What are the features and benefits of Navi Home Loan?

A: The features and benefits of Navi Home Loan include:

• In-principle approval within minutes.

• Loans up to ₹5 crore or 90% of the property value.

• Competitive interest rates starting from 8.55% p.a.

• Flexible repayment tenures up to 30 years.

• Option to switch your existing home loan to Navi through balance transfer.

• Consolidation of debt with Loan Against Property.

Q: How can I apply for a home loan through the Navi app?

A: To apply for a home loan through the Navi app, follow these steps:

• Download the Navi app from Google Play Store or App Store.

• Enter your mobile number to receive an OTP.

• Fill in your personal and property details.

• Click 'Submit' to get instant approval.

Q: What are the features and benefits of Navi Health Insurance?

A: The features and benefits of Navi Health Insurance include:

• Coverage up to ₹1 crore.

• Cashless treatment in 10,000+ network hospitals.

• No cap on hospital room rent.

• Unlimited online doctor consultations.

• No Claim Bonus.

• Insurance portability option available.

Q: How can I apply for a health insurance policy through the Navi app?

A: To apply for a health insurance policy through the Navi app, follow these steps:

• Download the Navi app from Google Play Store or App Store.

• Tap on Health Insurance to chat with the insurance advisor.

• Enter your Pincode and answer a few basic questions.

• Get an instant quote along with premium details.

Q: What are the benefits of investing in Navi Mutual Funds?

A: The benefits of investing in Navi Mutual Funds include:

• Access to a wide range of low-cost index funds.

• Opportunity to capture growth in the international market.

• Low tracking error.

Q: Is there any paperwork required to access the products on the Navi App?

A: No, the Navi App eliminates the need for paperwork. You can sign up and access the products without any paperwork.

Q: How can I invest in Mutual Funds on the Navi App?

A: To invest in Mutual Funds on the Navi App, you need to follow these steps:

• Download the Navi App.

• Select a Mutual Fund.

• Complete your KYC (Know Your Customer) process.

• Choose between Systematic Investment Plan (SIP) or Lump Sum investment.

• Enter the investment amount and start investing with a minimum of ₹10.

Q: How do I log in to the Navi App?

A: Once you have downloaded the Navi App, you can log in using your mobile number.

Q: Who operates the Navi App?

A: The Navi App is operated by Navi Technologies Limited. Navi Finserv Limited, an RBI registered Systemically Important Non-Deposit Taking NBFC (ND-SI), lends through the Navi App. Navi Technologies serves as the digital lending partner of Navi Finserv.

Q: Can I contact Navi for assistance or queries?

A: Yes, if you have any queries, you can write to help@navi.com for assistance.

Q: Who are the founders of Navi?

A: Navi is the latest venture by Sachin Bansal, the former co-founder of Flipkart, India's largest e-commerce player, and Ankit Agarwal, a former banker with Deutsche Bank and Bank of America. They aim to make financial services simple, transparent, and accessible to all.

Q: What are the different ventures and products offered by Navi?

A: Navi started with Digital Lending through its wholly-owned NBFC subsidiary, Navi Finserv. It then expanded into General Insurance, offering health insurance with cashless claim approvals in under 20 minutes. Navi also ventured into Micro-Financing through its wholly-owned MFI-NBFC, Chaitanya India, serving customers across eight states with an AUM (Assets Under Management) of 1.3 thousand Crores.