NIRA is a trusted financial company that offers credit line of up to Rs.1Lakh to take instant personal loans online in partnership with Federal Bank and other leading NBFCs in India. Users borrow from the credit line as their needs arise. It's available for all types of salaried people earning above Rs.15000 per month.
Interest Rate: 1.5%-2.5% per month (as an example on a loan of Rs.1 Lakh for 1 year, at 1.8% per month, you will pay Rs.999 in interest per month)
Zero percent EMI on Flipkart & Amazon: We offer 0% EMI for up to 6 months on Flipkart, Amazon, and select educational course partners
Online Loan Size: Rs.5000 - Rs.1,00,000
Repayment Period: 3 to 12 months (you can prepay your loan anytime in the app)
NIRA app is used by 300,000+ people. When asked, how would they feel if they could no longer use NIRA loan service, 50% of our customers said, "they would be very unhappy", another 30% said, "they would be somewhat unhappy".
Why should I download NIRA?
✔️Once approved, your credit limit can be used to take online personal loan at anytime.
✔️We only charge interest on the loan amount you draw.
✔️There will be no cost for sanctioning of credit limit.
Our customers typically borrow money for:
Medical expense loans
School fee loans
Educational course loans
Buying gifts for family
Travel ticket loans
Consumer durable purchases
High interest debt refinancing
Building good credit score
We employ encryption and information safeguards to keep your information safe at all times. We have partnered with Federal Bank and other leading NBFCs in India to offer these loans.
Currently, we are only available to customers in Bangalore, Chennai, Delhi, Gurgaon, Hyderabad, Indore, Kolkata, Mumbai, Noida and Pune. We will be expanding to other cities soon so stay tuned!
To be eligible for credit, you must:
(i) have been working for last 6 months
(ii) be a salaried employee earning at least ₹15,000 per month
Note: we don't require a CIBIL score, but if you have one then it must be 681 or better.
It's very easy to apply loan online, it only takes 3 minutes to find out if you qualify for online personal loan:
1. Complete short application form on app. Receive decision on qualification immediately.
2. If you qualify, we need you to upload
i) 3 months bank statements
ii) most recent payslip
iii) Aadhaar card
iv) PAN card