Nira Personal Loan

Secure a personal loan from NIRA, where the loan amount ranges up to Rs. 1 Lakh at an appealing interest rate starting from 24%p.a. Our flexible repayment tenure of 3 to 12 months that allows you to repay early at zero additional charges.

Now access the funds at faster and a more trusted instant loan app with a nominal processing fee of up to 2%.

Nira Personal Loan Details

Nira personal loan comes to your aid with quick and hassle-free funds for your financial emergencies. Prior to applying for a Nira personal loan, you must familiarize yourself with the following details.

Interest rateStarts at 24% p.a
Loan amountRs. 5,000 to Rs. 1 Lakh
Processing feeRs. 350 + GST and maximum 2% loan amount
TenureUp to 90 days

Nira Personal Loan Interest Rates

Interest rate is a significant factor that impacts your eligibility for a personal loan. The Nira loan app offers customized financial solutions with competitive interest rates for a convenient loan process.

Nira instant loan is designed with interest rates that help you cater to your specific financial requirements. Its’ swift and convenient access to the funds make it promising & secure loan journey for you.

NIRA Personal Loan Interest RateStarting at 24% p.a.

Nira Personal Loan Fees & Charges

Refer to the table below for the applicable fees and charges related to Nira personal loan.

Processing feeRs. 350 + GST and maximum 2% loan amount
TenureUp to 90 days
Loan amountRs. 5,000 to Rs. 1 Lakh
Prepayment ChargesNil after 3 months and 2.5% within 3 months

Nira Personal Loan Eligibility Criteria

The following table outlines the eligibility requirements for a Nira personal loan:

Age21- 55 Years old
Income12000 Min Monthly Salary
CitizenshipIndian

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Get Personal Loan Online Up to 15 Lakhs

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Documents Required For Nira Personal Loan

  • Aadhaar card.
  • PAN card.
  • Recent salary slips of 3 months.
  • Bank statement for the past 3 months.
  • Address proof: Utility bill or a rental agreement.

Nira Personal Loan EMI Calculation

Make your personal loan journey seamless with Buddy Loan EMI Calculator & plan your loan repayments beforehand. For availing a personal loan at Nira, enter the loan amount, interest rate, and tenure to obtain accurate results instantly.

Your EMIs quote remain unaffected by the change in interest rate, through out the loan tenure. Gain clarity and effectively handle your finances by using the tool to its true potential.

Min ₹5KMax ₹100Cr
%
Min 6%Max 40%
Min 3 MonthsMax 480 Months
Monthly EMI₹0
Total Payable₹0
Loan Amount₹20,00,000
Interest₹0
Tenure36 Mo
Loan Amount
Total Interest
Apply Now

Your Amortization Schedule (Yearly/Monthly)

Comparison of Nira Personal Loan Vs Other Banks & NBFCs

The following table presents a clear comparison of interest rates offered by Nira loan app and other NBFCs:

NBFCsINTEREST RATE (p.a.)
Nirastarting at 24% p.a.
mPokket2% – 4% per month
Paysense16.8% – 27.6%
HDB Financial servicesUpo 36%
CASHe27%
Home Credit24%
Money View15.96%
RBL Bank17.50% – 26%

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Features & Benefits of Nira Personal Loan

Nira Personal Loan is a flexible, convenient, and affordable loan option for salaried individuals. Here are some of the features and benefits of Nira Personal Loan:

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Types of Nira Personal Loans

Explore the Nira personal loan choices available for you to explore:

Instant Personal Loan

Nira personal loan is ideal for individuals who need access to quick cash for their unexpected expenses.

  • Available to salaried individuals with a minimum income of Rs. 12,000 per month.
  • The loan amount ranges from Rs. 5,000 to Rs. 1 lakh.
  • The repayment tenure is 3 to 12 months.
  • The interest rate is 24% to 36% per annum.

Flexi Personal Loan

Flexi personal loan is ideal for individuals who need a larger loan amount or more flexible repayment options.

  • Available to salaried and self-employed individuals with a minimum monthly income of Rs. 15,000.
  • The loan amount ranges from Rs. 1 lakh to Rs. 5 lakh
  • The repayment tenure is 6 to 60 months

How Do You Apply for Nira Loans with Buddy Loan?

Steps To Apply For a Personal Loan with Buddy Loan

  • Step 1: Visit buddyloan.com or Download & install the Buddy Loan app (Android or iOS).
  • Step 2: Open the Personal Loan Application Page. Provide the mobile number and enter the received OTP.
  • Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option
  • Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
  • Step 5: Enter your work details (Including company name, years of service and Designation)
  • Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)
  • Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.

Ready to take the next step? Apply for a Personal loan now!

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Frequently Asked Questions

Find answers to common questions about this topic

Yes, the Nira loan app is approved by RBI. Nira is a registered NBFC (Non-Banking Financial Company) with the RBI. This means that the RBI regulates Nira and is subject to its lending standards. This ensures that Nira is a safe and reliable lender.
The minimum income eligibility for a Nira personal loan is Rs. 12,000 per month.
Nira personal loan offers competitive interest rates that start at 24% to 36% per annum.
A Nira account is a digital lending account that allows users to access instant personal loans of up to 1 lakh. To open a Nira account, users must be 18 years of age or older and have a valid Indian mobile number and bank account.
Nira processing time typically takes 2 to 48 hours, once the application is completed and all the documents are uploaded and collected.
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