Nira App Instant Personal Loan Review | Get Nira Instant Personal Loan up to 1 Lakh

Nira Finance Instant Personal loan, How to apply, Nira personal loan interest rate, fee & charges, documents required, eligibility criteria

Nira Finance is an instant online platform that helps you to meet your financial requirements. It offers various types of loans like Instant cash loans, personal loans, Mobile EMI loans, Small loans.

Loan App NameNira Finance
Loan AmountRs. 5000 to Rs. 1 lakh
Interest Rate1.67% to 2.25% per month (24 % p.a to 36 % p.a.)
Loan Tenure3 to 12 months
Processing FeeRs. 500 for the first loan, for a second loan the fee will be reduced.

Features & Benefit of Nira Personal Loan

  • Loan application process is completely online.
  • Check your personal loan eligibility in 3 mins.
  • The interest rate is 1.67 % to 2.25 % per month ( 24% to 36% per year ).
  • Loan Repayment tenure is from 3 months to 12 months.
  • Nira offers personal loan ranging from Rs. 5000 to Rs. 1 lakh.
  • A minimum CIBIL score of 681 is required in order to be eligible for credit from NIRA.
  • Nira will charge processing fee of a minimum of Rs.350 + GST and a maximum of 2.0% of loan amount on your first loan.
  • NIRA online instant personal loan in the form of a personal credit line.

What is Personal Credit Line?

Nira provides you with an instant personal loan in the form of a credit limit. It means you are free to withdraw a part or all of the credit limit depending on your requirement. You have to only pay interest on the drawn amount.

For Example: if you get the approval for a credit limit of Rs. 60,000. you can take 6 loans of Rs.10000 or two loans of Rs. 30,000 at different times, or the entire Rs. 60,000 at once. You are, of course, free to choose any other amount less than Rs.60,000 that you want.

Eligibility Criteria For Nira Personal Loan

  • Applicant must be an Indian Citizen.
  • Applicant age should be between 21 years to 55 years.
  • You must have a work experience of minimum 6 months.
  • Your minimum monthly income should be Rs. 12000.
  • You must have a college degree.
  • If you already have a CIBIL score, the score must be 681 and above.
  • You must have Aadhaar card to complete the KYC verification process.

Documents Required For Nira Instant Personal Loan

  • Aadhaar Card
  • Identity and address proof
  • PAN Card
  • Recent salary slips of 3 months
  • 6 months bank statement of the bank account
  • A Selfie

How to Apply a Loan from Nira App Online?

  • Download and install NIRA Mobile App or visit official website
  • launch the app and enter your mobile number to verify it. Enter the received OTP.
  • On the next screen enter your name, mobile number, email ID, Date of Birth, gender etc.
  • On the next screen enter your current address and click on Next.
  • Now, enter current company details like company name, employment type, designation, work experience, monthly take home salary etc.
  • On the next screen verify your details once more and click on the Confirm button. based on your entered details app will show you offered credit limit on the screen.
  • If you are happy with the offered amount click on the Next button. Now enter your work email and click on the Submit button. upload photo of your company ID as well.
  • Now, enter your Aadhaar number and Selfie and click on Next button.
  • On the next screen enter your salary account number, IFSC code, PAN number and click on the Save button. upload your latest bank statement of 6 months.
  • Next, complete your KYC by uploading PAN card document and click on the Submit button.
  • Once the required document is uploaded , the bank will verify it and will disburse the loan to your bank account within 24 hours.

How to Repay Your Nira Instant Personal Loan?

There are two modes of payment. You can either pay with the auto-debit instruction which was set up during the time of loan application or you can pay using the app via net banking/debit card.

For the auto-debit, kindly ensure that you have sufficient funds in your account on EMI due date to avoid any charges.

Nira Finance Interest Rate, Fees & Charges

Fees and ChargesAmount Chargeable
Interest rate2.0% to 3.0% per month, or 24% to 36% per year
Loan processing chargeminimum of Rs.350 + GST and a maximum of 2.0% of the loan amount on your first loan
Prepayment Fee2.5% if prepayment before 90 days
Nil after 90 days
Auto debit bounceA penalty of up to Rs. 500 from your own bank. Additionally, a bounce fee of Rs.100 will be charged by the Nira partner funder.
Delayed payment chargesDelay up to 30 Days : 3% pm of EMI
Delay 30-59 Days : 3% pm of EMI + 2% of Outstanding Balance
Delay 60-89 Days : 3% pm of EMI + 4% of Outstanding Balance
Delay by more than 90 Days : 3% pm of EMI + 5% of Outstanding Balance

Nira Finance Pros & Cons

The online loan application processEMI due date can not be changed
Quick disbursal of loansThe interest rate is high
Referral bonuses and reward points programs are offeredA prepayment fee is charged
Without a CIBIL score, customers can also apply for a loanthe loan amount is less
Pay interest only on the drawn amount from the offered credit limitMinimum monthly take-home salary should be equal to or greater than Rs. 12000

Is Nira App Safe and Legit?

NIRA is in partnership with RBI authorized & regulated NBFCs/Financial Institutions which make it trustworthy for choosing a personal loan.

Some of Nira’s lending partners are Muthoot Finance, Ujjivan small finance, Pincap, Dhanvarsha, etc.

Nira provides a secure HTTPS connection, which makes your data secure, and it does not share customer information with anyone without your consent. All the transactions are secured via 256-bit SSL encryption.

Nira Finance Customer Care Details

Contact TypeEmail/Phone/Address
Nira finance email
Nira finance What’s App Number9591196740
Nira finance office addressNIRA,2nd floor, UrbanVault Indiranagar
2024,16th Main Road
HAL 2nd Stage,Kodihalli
Bengaluru, Karnataka 560008


We have discussed Nira finance in detail including applying procedure, interest rate & fees, eligibility, etc.

It is in partnership with some of the prominent banks or NBFCs like Muthoot Finance and Ujjivan Finance which make Nira a perfect choice for an instant personal loan.

Pay your loan EMIs on time in order to avoid any extra charges and to maintain your credit score intact.

Read Also


1: What is the CIBIL score required for NIRA Personal Loan?

If you have a CIBIL score, you need a minimum score of 681 in order to be eligible for credit from NIRA. If you are new to credit, your CIBIL score should be -1 or 3, 4, and 5.

2: What is the loan amount I can get from Nira?

It offers personal loans from Rs 5,000 to Rs 1,00,000.

3: What is loan tenure available in Nira finance?

you can select loan tenure between 3 to 12 months.

4: How to check my Nira loan application status?

You can see the status of your application at any time on your NIRA app.

5: how long does it take for the money to come into my account after approval?

After the final approval and completing the auto-debit setup, the money will come into your account within 2-24 hours.

6: Can I change my Nira loan tenure after disbursal?

Unfortunately, changing the loan tenure is not possible after loan disbursal.

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