NIRA Instant Personal Loan App

NIRA - Instant Personal Loan App

About this app

Need cash? NIRA offers quick, low-interest personal loans! Unlock easy access to low-interest loan from Loan app

Key Features of the NIRA Loan App:
🌟 Instant Loan Amount: Borrow money swiftly, ranging from small online loans at Rs 5,000 to a maximum of Rs 1,50,000.
🌟 Processing Fees: Maximum of (Rs 350 + GST) or 2%-7% of the loan amount plus GST.
🌟 Flexible Repayment: Repay cash loan through the EMI loan app over 3 to 24 months.
🌟 Competitive APR: Enjoy competitive Annual Percentage Rates (APR) ranging from a minimum of 24% to a maximum of 36% (reducing balance). 🌟 Prepayment Flexibility: No prepayment fees within 7 days of disbursement with our online personal loan app; up to 4% prepayment fee applies after 7 days.
🌟 Late Payment Policy: No extra fees for up to 30 days of late payments with our loan repayment app; beyond 30 days, a nominal late fee of Rs. 500 may apply.

A representative example of the total cost of the loan:
✔ Amount Borrowed (Principal) = ₹14,999/- ✔ Interest Rate (APR) = 36% (on Reducing Principal Balance interest calculation)
✔ Tenure = 6 months
✔ Processing Fee (incl. GST) = ₹826
✔ Amount disbursed = ₹14,173
✔ Your EMI amount = ₹2769 (based on PMT method, sample monthly payment)
✔ Interest amount = ₹2769 x 6 - ₹14999 = ₹1614(sample interest calculation) ✔ Late Fee = ₹0 if paid on time
✔ Total Cost of Loan = Processing Fee + Interest Amount + Late Fee = ₹826 + ₹1614= ₹2440
✔ Principal repayment amount = ₹14,999/- (same as amount borrowed)
✔ Total repayment amount = Principal repayment amount + Interest Amount + Fee = ₹14,999 + ₹1614 + ₹0 = ₹16,613

Our Trusted Lending Partners:

We collaborate with respected NBFCs such as:
• Muthoot Finance Limited
• IIFL Finance Limited
• HDB Financial Services Limited
• PayU Finance India Private Limited
• Northern Arc Capital Limited
• Komac Investments & Finance Private Limited
• Trillionloans Fintech Private Limited
• Avanti Finance

Policies and Services:
As proud members of the Digital Lenders Association of India (DLAI) https://www.dlai.in/members-listing/, we adhere to the DLAI code of conduct. http://bit.ly/DLAI_C

How to Get an Instant Personal Loan from NIRA:
1. To apply for a loan online, you need to meet the criteria: A minimum monthly salary of Rs. 15,000 and an age range of 22 to 59 years.
2. Receive an instant cash loan in your bank account through the online cash loan app with just a few taps.

Discover the Safest Online Instant Loan App:

We prioritize the safety of your personal information in our instant loans online app. We use robust 256-bit SSL encryption to safeguard your financial transactions. Our loan app streamlines the borrowing process for your convenience. For fast loan online service and flexi personal loans for self-employed individuals, we request specific permissions. Following are the permissions we required:
📞 User Account Data Access: Access to your name and email to facilitate your online loan application and login automatically.
📲 Financial SMS Access: Access to your financial SMS messages enriches your credit profile, assists in auto-reading OTPs, and helps offer the best instant personal loan options.
⭕ Location Verification: Permission to verify your location for correct address details and to process the loan application accurately.
🏪 Contact Access: Access to your contacts helps streamline the loan application process by gathering references.
📄 Document Upload Convenience: Access to your camera and photo gallery for easy document uploads within the app.
📶 Device Information: Access to your device information to prevent misuse by unauthorized individuals.

Privacy Policy
For info on how our loan app collects and uses data, please refer to our privacy policy available. https://nirafinance.com/privacy-policy

Contact us at [e-mail].

Ratings and reviews

While I work on the night shifts at a call centre, I also attend animation class during the day for better career prospects. I needed funds to do an advanced course with higher fees. With the deadline approaching, banks could not provide a loan in 2 days. I tried the nira app, which offered me a pre-approved loan at a low interest rate & easy repayment options. I got a 40k loan just in time. The app and its helpful team provided me a great experience, ensuring I met the fee submission deadline☺️

Nira is a good option for salaried people who need a quick, small loan without a lot of paperwork or credit history checks. However, the interest rate is relatively low, so it is best for short-term needs. The emi amount is less, & approval depends heavily on our credit score. It's ideal for those in need of quick funds, but one must carefully review the terms to avoid any type of confusion after the disbursal of a loan. I took a loan for the repair of my car as I was lil short of money for it.

As a returning user of the app, I found it reliable to take small amounts of money. I applied for a 28k loan but run into an issue during the credit check. The app got stuck & wouldn’t move. I reached out to the team via email & whtap and they were incredibly genuine, polite & cooperative. They resolved the issue within 2 hrs & I received my loan by the end of the day. The money was credited to my registered acc. Since I repaid my first loan on time, my credit line increased. Highly recommended.