NIRA - Personal loan, unsecured loan
NIRA Finance is a Fintech Company that offers low ticket loans to working Indians on incomes. Nira finance was started in 2017 by Rohit sen and Nupur Gupta in Banglore, India. NIRA is still in its seed funding stage is funded by Inc42 Media and Techstars in recent rounds of funding and backed by Google Launchpad and Techstars for more information "Click here".
What is Nira finance? Nira app was launched in 2018 to provide short-term loans to working individuals and also for first-timers who don't have a past credit history or a credit score. You can avail of a loan whenever you want 24X7. There is also a referral bonus for every new customer you join.
Nira app is growing very quick with over 1 million downloads since it launched, bringing finances to the masses in the most important challenge the country faces. For new clients to support such clients, NIRA has concocted another method for surveying the financial soundness of the client. They make the evaluation by consolidating the new age computerized information with the prior conventional structures. On the off chance that the client scores high as per the appraisal by the new model, at that point they will meet all requirements for the credit.
NIRA Features
- The process is completely online, with no physical documentation
- The loan amount available is from 2500 to 1 Lakhs
- Loan tenure is from 3 months to 1 year
- You need to pay interest to the amount you use even if you are qualified for a higher amount
- Even if you are new and don't have a credit score, you can avail for a loan
- You can directly pay the loan using Auto-debt, Netbanking, etc to re-pay your loan.
- There are no pre-payment charges for the first three months.
Documents required for Nira personal loan
- Aadhar card
- PAN card
- Three-month bank statements
- Your three-month bank slips
- Your degree certificate
Eligibility for NIRA personal loan
- Should be an Indian citizen
- Should be above 21years up to 65 years
- You can avail even if you are new, your cibil score should at least be 661
- You should be a salaried employee, with a minimum salary of above Rs. 15,000
- You need to work for a minimum of six months
NIRA interest rates and FEEs
- Interest rates vary from 1.5% to 2.5% per month
- The processing fee is 500 including GST, applies every time you apply
- Late payment fee would be around 2% of EMI for a period of 30 days.
- For a delay of above 30 to 59 days 2% of EMI + 0.5% on Total EMI.
- For a period of 60 to 89 days, you will have to pay 2% of EMI + 1% on total EMI.
- For a period above 90 days, you will have to pay 2% of EMI + 2% on total EMI.
- There are no pre-payment charges for a duration of the first 3 months, And there would be 2.5% if you have to payable 3 months.
Example of Nira finance personal loan
If you take a loan of Rs. 20,000 for a duration of 6 months, with a maximum of 3.5% interest every month. the total interest paid would be Rs. 1,563, Therefore the total amount paid would be Rs. 21,563.
Steps involved in applying for NIRA personal loan
- Download the app from play store
- Register and verify your mobile number
- Upload the required documents requested
- Within 24hrs your profile will be reviewed by and the loan amount will be displayed in your app
- Select the required loan amount you want to take
- Within a couple of minutes, your loan amount will be credited to your bank account.
Where is NIRA personal loan available
Our own advance application is accessible for taking advances in every single Indian city. For instance, you can get a speedy and simple Personal Loan in Bangalore, Hyderabad, Mumbai, Chennai, Pune, Delhi NCR, Chittoor, Indore, Kolkata, Mumbai, and all others
NIRA Customercare number - +91 6363531535 ;+91 9591196740. You can email 24 X 7 any time support@nirafinance.com
Security Features for NIRA
Any information you share for your Personal Loan Application is protected with us. We utilize encryption and data protection to guard your data consistently. These are according to the best security measures followed by all close to home credit applications in India.
You can easily apply for NIRA personal loan Click here
Conclusion (Personal review)
Nira is one of the fastest-growing app. Loan processing is fast and the interest rates are low, the app is a bit rusty and it takes a lot of time for the customer care to respond. There is a processing fee to pay with is lesser than many other NBFCs
I hope you find this information regarding "NIRA - Personal loan, unsecured loan" is helpful. Feel free to share it with your friends and family if you find it helpful.
Special credits
For NIRA app in Google Play Store Click here
For Official NIRA website Click here
