Instant loan online

Yes, NIRA can help you get instant cash loans through a process that’s not just quick but also completely digitized!

To apply for an instant cash loan with NIRA, you must be an Indian citizen and between 21-65 years of age. You will also need to have a college degree, be working for a minimum of 6 months and earn a salary of Rs 20k or above per month.

You do not need a CIBIL score to apply for a quick cash loan through NIRA. If, however, you do not have a CIBIL score and are new to borrowing loans, we highly welcome your application.

To apply for instant cash loans with NIRA, you would need your ID proof, address proof, PAN card, salary slip and 6 months bank statements.

The application process to apply for an immediate or instant cash loan through NIRA is simple. You can apply for an instant cash loan online or through our app. Simply fill in the required details on either our app or our website to get your in-principle decision in 3 minutes. Once you've qualified for the credit, you can go ahead and upload the bank statements and ID document. You'll get a final approval once your documents have been verified.

Before the instant cash you’ve applied for gets disbursed into your bank account, you’ll need to set up an auto-debit mandate. You can sign the mandate electronically if your bank enables it. If not, we will personally arrange for the pick up of the hard copy mandate from the place and time of your choice.

That’s it! Your instant cash will be credited to your account and you’re ready to start using it!

NIRA applies the following three fees:

(i) Processing Fee: A flat amount of Rs.500 is charged for the first instant cash loan. The amount will be reduced to Rs.250 for the second instant cash loan.

(ii) Late Payment Fee: *pick table from FAQs page*

(iii) Prepayment Fee: 0% if before 90 days; 2.5% if after 90 days

There are no other hidden fees or charges.

NIRA offers a flexible repayment term on instant cash loans. You have the freedom to choose a tenure between 3 to 12 months.

There are two modes of payment to repay your instant cash loans with NIRA. You can either pay through the auto-debit instruction (which was set up during the time of your instant cash loan application) or through the app via net banking/debit card.

NIRA requires a CIBIL score of above 661 to approve candidates for a fast cash loan. However, if you do not have a CIBIL score and this is the first time that you are applying for a formal loan, that’s completely fine too - you are very welcome to apply!

If you haven’t borrowed before, are new to credit and do not have a credit history then yes, you can apply for an instant cash loan through NIRA without a CIBIL score. However, if you do have a CIBIL score, it needs to be above 661.

NIRA provides access to quick, flexible and paperless online instant cash loans. We offer these loans to you at the most competitive rates depending on your profile and how much money you need.

Why deal with long queues, application forms and lengthy waiting periods when you can just  apply for instant cash loans online through NIRA and get pre-approved in 3 minutes? Plus, NIRA also allows you the flexibility to choose your repayment terms!

We currently accept loan applications from salaried graduates in Bangalore. In the next few weeks, we’ll be expanding to other Tier-I and Tier-II cities across India. The next cities that we will expand to are Chennai, Delhi, Gurgaon, Hyderabad, Indore, Kolkata, Mumbai, Noida, and Pune. This will be followed by expansion in Tier-II cities.