Navi Review — Rates, Eligibility & Safety Check
Last verified: pending first manual verification
Some figures below are pending our manual verification cycle — treat them as indicative bands until marked verified.
OperatorNavi Finserv Limited
Regulated entity behind the appNavi Finserv Limited
Websitehttps://www.navi.com
Products & pricing bands
| Tier | Ticket | Tenure | Rate band | Processing fee | APR band | Disbursal | Min income |
|---|---|---|---|---|---|---|---|
| T3 | ₹10,000 – ₹20,00,000 | 90 – 2190 days | 9.9% p.a. – 45% p.a. | 0% – 6.5% + GST | see KFS | ~24h | — |
Works well
- Lends on its own large NBFC balance sheet (Navi Finserv) with strong public disclosure
- Wide amount and tenure range covers both emergency and planned borrowing
- Floor rates for strong profiles are among the lowest of app-first lenders
Watch out
- RBI took supervisory action against Navi Finserv in October 2024 over loan-pricing practices, barring new sanctions; the restriction was lifted in December 2024 after remediation — a material history item for a review page [VERIFY details]
- The advertised floor rate applies to a small slice of applicants; most users land much higher — check your individual KFS APR
- Digital-only service model; complex grievances can feel slow without branches
Safety checklist
| Names its NBFC partner publicly | ✅ yes |
| Key Fact Statement available | — pending verification |
| Avoids contacts/media permissions | — pending verification |
| Grievance officer named | ✅ yes |
What borrowers complain about
Beyond the widely reported October–December 2024 RBI supervisory episode (pricing-related, since remediated), Play-review themes are mostly rejected-after-long-form complaints and rate offers far above the advertised floor. Sourced from press and public reviews.
Compare before you commit
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