NIRA Finance Instant Loan 2022

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NIRA Finance Instant Loan 2022 Highlights

NIRA Finance Instant Loan:- ✓Excellent service by Nira Finance plus good customer support ✓Good to have NIRA APP for quick short term personal loan with easy EMI payment options.


NIRA is a personal loan lending app developed by a group of professionals from the financial domain. The app provides personal loans, instant cash loans, mobile EMI loans, and a small loan to its user without seeing the credit score. NIRA provides personal loans in the form of a credit limit which can be extended up to ₹ 1 lakh. The best part of the NIRA app is that any salaried individual can take advantage of this app.

Features and Benefits of NIRA

  • Digital Processing: NIRA has a plain concept – don’t hop bank after bank to apply for a personal loan. Here, you can apply for a personal loan online which involves 0% paperwork. This way application processing gets faster.
  • Low-Interest Rates: NIRA personal loan starts from 1.67% per month which means you can enjoy extra funds with minimum cost. Moreover, if you repay your personal loan on time, you can experience decreased interest rates.
  • Quick Support:  From loan application to loan disbursal, everything can be done quickly. For instance, you can check your personal loan eligibility in 3 seconds at NIRA. Further, loans are also disbursed swiftly.
  • Flexible Repayment Plan: The loan tenure ranges between 3 – 12 months, which means you can easily switch to different repayment plans with a few taps on your smartphone.

NIRA Personal Loan Interest Rate, Processing Fee, And the Loan Tenure

Lenders Name


Interest Rate

24.00% – 27.00% P.A.

Processing Fee

₹ 250 - ₹ 500

Loan Amount

₹ 5,000 to ₹ 1,00,000

Loan Tenure

3-12 months 

Eligibility Criteria to Avail NIRA Personal Loan

  • The applicant’s age should be between 21-65 years.
  • The applicant must have a college degree.
  • The minimum salary applicant of the applicant should be ₹ 20,000 or more.
  • The applicant should have at least 6 months of working experience.
  • CIBIL score is not mandatory to apply for a personal loan.

Documents Required for NIRA Personal Loan

NIRA offers several loan products but before making the loan application, use the EMI calculator to calculate the installments of your personal loan.

The EMI calculator is a free tool that can be used multiple times by entering different combinations of the loan amount, interest rate and repayment tenure. As you enter these details in the EMI calculator and click on calculate, you will be shown results as total interest, monthly installments, and the total amount including principal loan amount and the interest. To know more about it, see the example below.

Suppose, you want to take the loan of ₹ 50,000 at an interest rate of 20.04% p.a for 6 months from NIRA, then the EMI calculator will show similar results as shown in the table below.

Loan Amount

₹ 50,000

Interest Rate

20.04% P.A.


6 months









₹ 7,992

₹ 835

₹ 8,827

₹ 42,008



₹ 8,126

₹ 702

₹ 8,827

₹ 33,882



₹ 8,261

₹ 566

₹ 8,827

₹ 25,621



₹ 8,399

₹ 428

₹ 8,827

₹ 17,222



₹ 8,540

₹ 288

₹ 8,827

₹ 8,682



₹ 8,682

₹ 145

₹ 8,827

₹ 0


How to Use NIRA App

  1. Download the NIRA instant personal loan app on your smartphone.
  2. Fill a small loan application form on the NIRA app.
  3. Once you get approved, upload the documents online.
  4. Get instant funds in your bank account.

NIRA Customer Care

If you feel any inconvenience related to the NIRA app or its loan products, you can simply reach out to its customer care:

However, you won’t find NIRA customer care number yet you can easily convey your message by dropping an email on

➤ FAQs

Ques. What is the minimum CIBIL score required to apply for a NIRA personal loan?

NIRA does not compel its user to reveal the credit score. However, if you have a credit score of 661, then you can apply for a personal loan.

Ques. Can I prepay my loan?

You can prepay your loan after the 3 months free of cost. However, if you wish to pre-pay it before the 3 months then the prepayment charge of 2.5% will be applied.

Ques. Does NIRA require a guarantor to lend a personal loan?

If the borrower meets the eligibility criteria then there is no guarantor required. Moreover, if your employer and NIRA have a good relationship, then you can get the best deals on personal loans.

Ques. Do applicants need to arrange for any collateral?

To get a personal loan from NIRA, you need not provide any kind of collateral or security. Moreover, to apply for a loan, you don’t need to worry about the guarantor or co-signor. Thus, it’s the best way to get instant credit.

Ques. Does NIRA provide top-up on current loans?

Yes, you can apply for a top-up loan, if you are having an existing loan with NIRA. Remember, that a top-up loan is provided based on affordability.

Ques. Is the personal loan application process at NIRA simple?

Yes, the application process is really simple and within a few minutes, you can get instant credit in your account.