Navia Credit Loan app

Navia Credit Loan app Loan amount: From ₹1,000 to ₹200,000
Interest rates: From 0% to 29.95% per annum
Tenure: 91 days to 15 months
?One Loans is an online loan application and credit platform for professionals from all over India, where you can apply for a loan online and transfer up to 200,000 rupees in cash to a bank account.
?One Loans is a platform facilitating the loan transactions between the borrowers and the NBFCs/Banks. All loan applications are approved and sanctioned by NBFCs/Banks registered with RBI and communicated upfront during loan application.
?One of our primary partner NBFCs – SRI CHAKRA INFOWAYS LTD is a Systemically Important NBFC within the group of companies carrying the One Loans brand.
?One Loans does not directly participate in lending activities, but only provides a platform to facilitate registered non-bank financial companies (NBFC) or banks to land users.
Example:
— Credit ₹5,000 at an APR of 12% (per annum) with a tenure of 61 days
— Interest of loan = ₹5,000 × 12 %/ 365 × 60 = ₹100
— Processing fee of loan = ₹5,000 x 3% = ₹125 (Also on which GST apply of ₹27)
— Total cost of the loan = ₹225
— Total loan amount disbursed will be credit is ₹4,848 (₹5,000 – ₹152)
— Total loan amount to repay will be ₹5,100 (₹5,000 + ₹100)
— Monthly repayments of ₹2,550
Loan Types
Online loan, a good choice to help you, you can get a loan through direct bank transfer. All you need is your PAN Card & Address Proof to avail ₹1,000 to ₹50,000 for a tenure ranging from 91 days to 6 months.
Online loan-a a new option for an online loan where you can avail amounts from ₹10,000 to ₹2 Lakhs as direct bank transfer for tenure ranging from 3 to 15 months. All you need is your PAN Card, Address Proof, and Salary Proof.
Online loan for Salaried example:
Loan amount: Rs. 50,000
Tenure: 12 months
Interest Rate: 20% per annum
Processing Fee: Rs. 1,250 (2.5%)
New customer onboarding Fee: Rs. 200
GST on Processing and Onboarding Fees: Rs. 261
Total Interest: Rs. 5,581
EMI: Rs. 4,632
APR: 23.2%
The loan amount is Rs. 50,000. The disbursed amount is Rs. 48,289. The total loan repayment amount is Rs. 55,581
Another online loan example:
Loan amount: Rs. 10,000
Tenure: 3 months
Interest Rate: 27% per annum
Processing Fee: Rs. 500 (5%)
GST on Processing Fees: Rs. 90
Total Interest: Rs. 453
EMI: Rs. 3,484
APR: 34%
The loan amount is Rs. 10,000. The disbursed amount is Rs. 9,410. The total loan repayment amount is Rs. 10,453
Features
1. 100% Online process
2. Fund safety, protected by the advanced server.
3. Loan transfer via bank.
Eligibility
1. Indian resident.
2. Above the age of 18 years.
3. Should have a monthly source of income.
How to get started
1. Install One Loans App.
2. Create your account.
3. Fill in your basic details to check first-level eligibility.
4. Upload KYC documents – ID, Address Proof & PAN card.
5. Avail Loan as bank transfer or E-voucher as per your request.
Fees & Charges
Interest rates range from 0%-29.95%, with an equivalent monthly interest rate of 0%-2.49% only.
A small processing fee is charged for loans, e.g., for low-risk customers 0% – 3% of the principal, for very high-risk customers 2.5% – 7%*.
One loan charges a one-time service fee while onboarding or during the upgrade, which is ₹20-₹350, depending on the risk profile.
*The charges and repayment tenures vary based on the creditworthiness and repayment ability of the customers. The penalty is charged only when someone delays their scheduled payment.