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Navi Finserv to offer home loans in Hyderabad
May 09, 2021
To offer loans from ₹10 lakh to ₹1.5 crore Navi Finserv, part of Navi Technologies co-founded by Sachin Bansal, will launch its quick, and affordable retail home loans via the Navi App in Hyderabad soon.
Navi will provide home loans starting from ₹10 lakh up to ₹1.5 crores with tenure of up to 25 years and interest rate starting at 6.95 per cent.
The Navi App can be downloaded on Google Play store. Navi Finserv Private Limited is an RBI registered Non-Banking Finance Company (NBFC), according to a release.
Published on
May 09, 2021
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Bansal, who co-founded Flipkart, is already a major player in the digital lending space. Sachin Bansal’s company applies for on-tap banking licence
New Delhi: Sachin Bansal’s Chaitanya India Finance along with three others have applied for on-tap universal banking licence, the Reserve Bank of India said yesterday. Chaitanya India has earlier announced its intent to pursue a banking licence.
Bansal, who co-founded Flipkart, is already a major player in the digital lending space. His venture Navi Technologies, which he founded after existing Flipkart in 2018 after the e-commerce major was acquired by Walmart, gives unsecured loans up to Rs 5 lakh for a tenure of 12-24 months based on its own paperless credit underwriting mechanism.
3 hours ago
On Thursday, the Reserve Bank of India (RBI) released a list of eight entities/promoters who wish to apply for universal commercial bank and small finance bank licenses. The top contenders include Sachin Bansal’s Chaitanya India Fin Credit, forex major UAE Exchange and Dvara’s micro-finance arm.
Recently, the central bank appointed an expert committee to evaluate applicants for bank licenses. This committee will evaluate fresh applicants who wish to apply for ‘on tap’ bank licenses over the next three years, in addition to non-bank lenders and payments bank that wish to convert to an SFB or universal bank. In 2014, the RBI gave universal banking licenses to Bandhan Bank, a micro-finance lender, and IDFC Bank, a development finance company. IDFC Bank was merged with Capital First and is now called IDFC First Bank.
Pune, India, April 06, 2021 (Wiredrelease) Prudour Pvt. Ltd: Market.us proclaims the addition of a new report titled, India GPS Tracking Devices Market Continues to Expand Support Development and Forecasts by 2031, which lends a complete an in-depth analysis of the latest trends, rendering specific details on market size, technical and business developments persuading the business statistics outlook and opportunity assessment period by 2031. The future scope projections of the India GPS Tracking Devices industry looks promising with opportunities in the various applications. The updated research work also offers a precise summary of revenue fact with CAGR(%), sales channels analysis breakdown by production and market valuation and net profit forecast 2022-2031.