Navi app vs hdfc vs Bajaj finance for self employed personal loan
before Navi I tired Bajaj finance, hdfc personal loan.
but hdfc & Bajaj only provides personal loan for salaried.
Business owner /self employed not works, they ask you office email id to verify, (not Gmails, @officewebsite.com)
Navi app experience
entered the pan,
Fectched cibil report,
Available amount : 190000
Interest rate: 16%
Charges: 50000 (processing fee+ GST)
entered bank details to credit , bank verified by sending 1 rupee.
Next & final step
setup auyodebit bank account to deduct EMI.
Paused because Bajaj finance loan in the process.
No details about foreclosure charges.
Preferred Bajajs fineserve because of foreclosure details.
Hi Ginne Raju,
Please check your Loan BFL Personal Loan – Salaried details :
Application ID: 1100000012879xx
Loan Type: BFL SOL Term loan
Loan Amount: INR 153530
Net Disbursement Amount: INR 141663
ROI: 14.60%
Tenor: 2 years
First EMI: INR 8211
Subsequent EMI’s: INR 7413
EMI cycle date: 2
First EMI date: 02-12-2021
Fees and Charges: 8337
Processing Fees: INR 3838
Convenience Fees: INR 4499
Stamp Fee: INR 0
Finserv Protection Plan: INR 3530 (interest rate adjusted)
Part Payment Charges: 2 % plus GST of Part-payment amount
Foreclosure Charges: 4% plus GST of outstanding principal
All above fees are inclusive of GST.
EMI mentioned above may vary basis date of disbursement.
Any previous communication on commercial stands null and void.
TnC apply.
Click here to accept these details and process your application.
http://klr.pw/1XzQG
Hdfc foreclosure limit
Only 25% of outstanding, 1 time in a financial years & 2 times only for a loan period.
Bajaj finance
2% outstanding charges for part payment
4% for full foreclosure
Hdfc personal loan application experience
I searched on Google personal loan for self employed.
hdfc article appeared,
Then clicked that it asked salary & emplooyer details.
After filling all the details,
Web page getting bank (3+times) 15*3=45mins(
I realised how bad is software code).
Downloaded hdfc loan app.
Filled details and asking documents, I’d, address,income proof etc 7+ documents .
Tried to fetch bank statements by NetBanking failed.
So gave up with HDFC, tried Navi app it’s fast best for self employed. But who is behind Navi app. (Something fishy)
Navi fineserve Pvt limited is a registered company.(these days anyone can register a Pvt limited for 15000).