Are you looking for answers to Nira loan app real or fake then this article is for you with all the necessary information that you need.
NIRA Quick Personal Loan app Apk Content rating is Everyone . It is available to download and install on android devices that support 21 API and above.
NIRA personal loan application offers you personal loans up to Rs.1,00,000 in partnership with a variety of RBI Regulated Banks and NBFCs.
Important Things to Note About NIRA Loan App
Loan Amount: Rs 5,000 to Rs 1,00,000
The Minimum Annual Percentage Rate (APR) 24%; Max Annual Percentage Rate (APR): 36 percent (reducing the balance)
Minimum repayment period: 91 days, Maximum repayment period: 24 months
Processing Fees: Maximum (Rs350 Plus GST, up to 2-7 percent of the loan amount, plus GST)
Cost of Prepayment: 3.0 percent of the prepayment
Late fee: If overdue is more than 30 days the amount will be Rs.500. The maximum amount of late fees charged is Rs.1000 in the event that your overdue is greater than 90 days. The bank could also charge charges in the event of the bounce.
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Nira loan app real or fake
Nira loan app is real and is not a fake loan app.
An example of the total amount of the loan:
Amount Borrowed (Principal) = Rs14,999/-
Inflation Ratio (APR) is 36 percent (on the Principal Balance Interest calculation)
Tenure = 6 months
Processing Fee (incl. GST) = Rs826
The amount disbursed is Rs14,173.
Your EMI amount is Rs2769 (based on PMT method the sample monthly payment)
The amount of interest is Rs2769 x 6 x the sum of Rs14999 is Rs1614(sample rate calculation)
A late payment is a fee of Rs0 when paid in the due date
Total Cost of Loan = Processing Fee + Interest Amount + Late Fee = Rs826 + Rs1614= Rs2440
Principal amount to be repaid is Rs14,999+ (same as the amount that was borrowed)
Total amount of repayment is the principal repayment amount plus the interest amount plus fee equals Rs14,999 plus Rs1614 plus Rs0 = Rs16,613.
We have these as our lending partners with NBFCs:
Muthoot Finance
IIFL Finance
HDB Financial Services
Arthmate (Mamta Projects Pvt Ltd)
Liquiloans (NDX P2P Pvt Ltd)
What is the reason behind NIRA personal loan application?
1. Repay the loan in reasonable EMIs that range from 3 to 24 month
2. Receive money into your the account of your bank in just 24 hours
Eligibility Criteria:
1. Salaried with minimum earnings at Rs.12,000 per month
2. Age range between 22 and 59 years
Responsible Lending
The policies we use and the services that we provide are monitored through our lending partners, and are legally conforming to. We are a member of Digital Lenders Association of India http://bit.ly/DLAI_Mem and adhere to the DLAI code of conduct http://bit.ly/DLAI_C
For users who are more comfortable with Hindi For users more comfortable with Hindi:
NIRA se aapko mil sakta hai Personal Loan Rs.5000 se Rs.1,00,000 tak . Bas Personal Loan App Download kare kuch details dalen, documents upload karen aur payein loan, approval ke 24-48 ghanton mein.100% digital loan application process.
The steps to avail an instant personal loan from NIRA :
1. Complete the quick application on our application. You will receive a loan approval decision in a matter of minutes.
2. Once you qualify, upload
3 months bank statements from the bank
Aadhaar card, sign the loan agreement on the Aadhar Card loan App
PAN card
Selfie
3. Instant cash is available in your account at the bank and tap it away to cash
These Instant loans are secure:
The data you provide us is transmitted over an encrypted HTTPS connection. We do not share your information with anyone else without your permission. All transactions are secure with a SSL encryption of 256 bits. SSL encryption.
The app needs authorizations to allow you to get an instant loan in a quick and simple manner.We require login access to the user account information including your email address and name to automatically fill out your application and assist you with logging in. We also require the ability to access your bank SMS to improve your credit profile and auto read your otp. We also need to provide the most convenient instant personal loan. We require access to your address to confirm your address. We require access to your contacts to gather references to support an application for a loan. To make it easy to upload documents through this app, you need access to the Camera and Photo Gallery. We also require access to your personal information on your device to avoid misuse by other person. To understand how we collect and use your data in detail, please read our privacy policy https://nirafinance.com/privacy-policy
Our collections code of conduct is here: http://bit.ly/NIRA_Collections
Contact us:
For help or any other details about NIRA, you may write to us at 89******d92@5***b.com
Our office is situated at – NIRA 2nd Floor, UrbanVault Indiranagar 2024 16th Main Rd, HAL 2nd Stage, Kodihalli, Bengaluru, Karnataka 560008