NIRA Instant Personal Loan App

NIRA - Instant Personal Loan App

About this app

NIRA partners with various RBI regulated NBFCs/Banks to facilitate loans for salaried people.

Important Things to Note About NIRA Loan App
Loan Amount: Rs 5,000 to Rs 1,00,000
Minimum Annual Percentage Rate (APR): 24%, Maximum Annual Percentage Rate: 36% (reducing balance)
Minimum repayment period: 91 days, Maximum repayment period: 24 months
Processing Fees: Max (₹350 + GST, Up to 2%-7% of loan amount plus GST)
Prepayment Fees: Zero within 7 days of disbursal, up to 4% of prepayment amount thereafter
Late fee: In case overdue exceeds 30 days, you'll be charged Rs.500. Maximum late fee charged would be Rs.1000 if overdue exceeds 90 days. Your bank may also levy charges in case of a bounce.

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

We have the following NBFCs as our lending partners:

Muthoot Finance Limited
IIFL Finance Limited
HDB Financial Services Limited
Northern Arc Capital Limited
PayU Finance India Private Limited
Komac Investments & Finance Private Limited
Trillionloans Fintech Private Limited
Avanti Finance

Why should you download the NIRA Loan App?

1. Repay in EMIs of 3 to 24 months
2. Get money in bank account in 24 hrs

Eligibility:

1. Min salary of Rs.12,000 per month
2. Age between 22-59 years

Responsible Lending

We are a member of Digital Lenders Association of India http://bit.ly/DLAI_Mem and adhere to the DLAI code of conduct http://bit.ly/DLAI_C

For users more comfortable with Hindi :-

💥 NIRA se aapko mil sakta hai Personal Loan Rs.5000 se Rs.1,00,000 tak . Bas Personal Loan App Download kare kuch details dalen, documents upload karen aur payein loan, approval ke 24-48 ghanton mein.100% digital loan application process. 💥

Steps for availing an Instant Personal Loan from NIRA :

1. Fill quick application form on our app. Receive loan approval decision on qualification instantly.
2. Once you qualify, upload
3 months bank statements, Aadhaar card, e-sign your loan agreement in our Aadhar Card Loan App
PAN card
Selfie
3. Get instant cash in your bank a/c and Money tap away

Our Instant Loans are safe:

Your data is transferred over a secure connection, and we do not share it with anyone without your consent. All the transactions are secured via a 256-bit SSL encryption.

Our app requires some permissions to provide you a loan in a fast and easy manner.We need access to your User Account data such as name and email to auto fill your application and help you login. We also need access to your financial sms to enrich credit profile, auto read otp and give the best instant personal loan. We need access to your location to verify your address. We require permission to access your contacts to get references for your loan application. For easy upload of documents in the app, we require access to Camera and Photo Gallery. We also need access to your device info to prevent misuse by any other individual. To understand how we collect and use your data in detail, please read our privacy policy https://nirafinance.com/privacy-policy

You may write to us at [e-mail].
Our office is located at - NIRA, 2nd floor, UrbanVault Indiranagar, 2024, 16th Main Rd, HAL 2nd Stage, Kodihalli, Bengaluru, Karnataka 560008

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..

Many apps promise security, but nira stands out as 100% safe. Last year, I took loan from a bank, paid it on time, but the bank did not update my cibil, which negatively impacted me. Recently, I needed a loan for medical need, but no bank would approve me due to my poor score. Thankfully, Nira allowed me, offering a quick loan with a low interest rate. It provided an opportunity to improve my cibil score. This app is excellent for obtaining loans with low-end emi options & is highly recommended.

The customer support team is superb. I applied for a small amount here but my application was stuck at the credit score check stage for the last 5 days, I tried many times but it was not working. I was abt to give up but before that, i got a call from nira team to understand the reason why i was not completing the process. They corrected me at this stage that i had mentioned the wrong mobile number. I rechecked and corrected it & now it is done in just 1 click. This was very supportive approach.