Use NIRA instant personal loan app to get loans of up to Rs.1,00,000 on EMI. NIRA partners with various RBI regulated NBFCs/Banks.
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 APR: 36% (reducing balance)
Minimum repayment period: 3 months, Maximum repayment period: 24 months
Processing Fees: Max (₹350 + GST, Up to 2%-7% of loan amount plus GST)
Prepayment Fees: 3.0% prepayment amount
Late fee - In case overdue exceeds 30 days, you'll be charged Rs.500. Your bank may also levy charges in case of a bounce.
A representative example of the total cost of the loan:
✔ Amount Borrowed (Principal) = ₹15000/-
✔ Interest Rate (APR) = 36%
✔ Tenure = 6 months
✔ Processing Fee = ₹531
✔ Amount disbursed = ₹14,469
✔ Your EMI amount = ₹2769 (sample monthly payment based on PMT method)
✔ Interest amount = ₹2769 x 6 - ₹15000 = ₹1614 (sample interest calculation)
✔ Total Cost of Loan = Processing Fee + Interest Amount = ₹531+₹1614= ₹2145
Why should you download the NIRA Lone App?
Here are some of the features that make NIRA one of the best instant loan apps in India for salaried individuals!
1. Get money in bank account within 24 hours
2. No credit history required
3. We give loans pan India!
4. Repay in affordable EMIs
5. No Hidden fees
6. Instant bank balance check. All major banks such as SBI, ICICI, HDFC, Kotak, Bank of Baroda, Axis Bank and more are supported.
7. More free utilities: QR code scanner, EMI calculator and EMI reminder.
1. Salaried with minimum income of Rs.12,000 per month
2. Aged between 22-59 years
3. An Indian Citizen
NIRA has partnered with RBI authorized & regulated NBFCs/Financial Institutions.
Steps for availing an Instant Personal Loan from NIRA :
It's very easy to apply from our online loan app :-
1.Complete a short application form. Receive loan approval decision on qualification instantly.
2.Once you qualify, upload
3 months bank statements
Most recent payslip
Aadhaar card (you can e-sign your loan agreement in our Aadhar Card Loan App)
3. Get instant cash in your bank account
Our Instant Loans are safe:
Your data is transferred over a secure HTTPS connection, and we do not share it with anyone without your consent. All the transactions are secured via a 128-bit SSL encryption.
Free services for all:
Small finance lessons to help improve your CIBIL score and financial health.
Check bank account balance anytime with one click.
Contact us for help or any other details about our instant personal loans, at [email protected] Our office is located at - NIRA, 2nd floor, UrbanVault Indiranagar, 2024, 16th Main Rd, HAL 2nd Stage, Kodihalli, Bengaluru, Karnataka 560008