What are Navi Home Loan, Bangalore Reviews?

My cousin was looking to avail a home loan for purchasing a new property. He asked me for help. The eligibility criteria are as follows:

• The applicant should be of Indian Origin.

• For availing a cash loan, the applicant must be above 21 years of age.

• To avail of a home loan the applicant must be above 22 years of age.

• The applicant should either be self employed or a salaried employee.

Listed below are the positives I found of availing a home loan from Navi-

• Home Loans up to Rs 5 Crore can be availed.

• The loan can be repaid without any additional fees.

• The loan will be immediately transferred to your bank account.

While checking home loans to purchase a property, I came across many Navi Home Loan Reviews. After reading them, I decided to avail the loan for purchasing my new home from Navi. But I did not have a good experience with them.

Based on what happened, this is how my experience went:

• Bad customer support.

• The promise of easy loans turns out to be a sham.

• If the loan repayment is missed, then Navi uses all means possible including breach of privacy.

Navi’s services have not evoked a trustworthy chord with me. Going forward I would switch my home loan services with another finance company.

My cousin wanted to avail a home loan so he checked out Navi Finserv and found out the documents required. They are as follows-

• Identity Proof such as voter id or pan card.

• Proof of residence such as Aadhar.

• Age Proof such as school certificate or birth certificate.

• Income proof such as 3-6 months salary slips and form 16.

• Employment proof such as salary statement or appointment letter.

• Processing fee cheque 

• Passport size photographs which are duly signed.

• Property Documents

• In case of self employed, then Last 3 years IT (Income Tax) return and business proof.

When I asked him about Navi home loan reviews, he said that he felt that the process involved too much time. He recently came to from one of his friends that he could obtain the loan quickly from NoBroker Home Loan service. This would help him to purchase a property faster. They also offer loans at competitive rates which is a big plus for the consumers.