Buy a Mobile Phone on EMI only with NIRA!

Get qualified for a mobile loan online of up to Rs 1 lakh in just 3 minutes!

Hello Freedom!



Benefits of buying mobiles on EMI

mobile emi on aadhar card

Ease of Liquidity

When you pay upfront for a smartphone, you could end up losing out on an entire month of savings. By opting for a mobile loan online with NIRA, you can get the phone you want, without having less liquid cash to spend in case of emergencies!

mobile emi on aadhar card

Bite-size spending

The most significant benefit of converting your mobile phone purchase to an EMI is the advantage of managing the monthly expenses. You can buy a phone by paying small EMIs every month without zero down payment on mobile phone loan. It’s a win-win situation.

mobile emi on aadhar card

Goodbye stress

No more cracked screens, low battery problems and mid-conversation hang-ups. What’s more? All this without worrying about money. So leave the stress behind and live your life the smart way on your terms!

3 Easy Steps to buy your new phone!

Wondering how to buy a mobile phone on EMI with NIRA? We have a step by step guide ready for you. All you need to do to buy your mobile phone on EMI is to follow the steps below:

  • Download the NIRA instant loan app on emi without credit card
  • Fill in your details and upload the required documents
  • Set up our inbuilt auto-debit system and avail your personal loan
  • Congratulations! You can now buy the phone of your choice!

Hello Freedom!

How to buy a phone with Nira EMI?

We at NIRA, understand how complicated life can get without a good smartphone. Which is why we offer to help finance mobile phones in the range of Rs. 5000 to Rs. 1 lakh! All you have to do is download the app, find out your credit limit and avail the credit. We will transfer the money directly to your bank account which you can then use to complete your mobile purchase. In return, you can repay NIRA in small EMIs while taking advantage of discounts and cashback offers from online vendors like Paytm and Amazon by paying for your smartphone upfront.

From managing your schedule and navigating your way through the city to making quick money transfers and staying connecting with people; there’s no denying how heavily dependent we are on our smartphones.

Apply for mobile phones on EMI

You should have a graduate degree.
It’s important to hold a college degree to finance your mobile on EMI from NIRA. A college degree builds on your credibility and credentials for a smartphone loan application.

Your monthly income should be Rs. 20,000 or more
To be eligible to finance your mobile phone on EMI with a debit card, you need to display an ability to be able to afford the EMI repayment. For this reason, your salary plays a crucial role in your smartphone loan application.

You should be employed for at least 6 months.
While it isn’t necessary to have many years of work experience, a continuous and stable employment of minimum 6 months increases your chances of getting qualified for a smartphone loan to help you buy mobile phones on EMI.

You have an Aadhaar card.
An Aadhaar card is mandatory for NIRA smartphone loan application and to buy a mobile emi on aadhar card. This will help speed up the process of completion of verification and KYC.



Can I buy mobiles on EMI with a debit card?

Yes, NIRA helps you buy a mobile phone on EMI with a debit card. You no longer need to have a credit card to purchase mobile on EMI! Thanks to NIRA, you can now buy a mobile phone on debit card EMI.

Am I eligible for buying a smartphone on EMI with a debit card through NIRA?

To buy a mobile phone on EMI 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 smartphone loan from NIRA. If you are new to credit and this is the first time that you are looking for a personal loan, we highly welcome your application.

What are the documents required for a smartphone loan or to buy a mobile phone on EMI with NIRA?

To buy a mobile on EMI with NIRA you would need your aadhaar card, pan card, salary slip and 6 months bank statements.

What is the application process to purchase a mobile phone on debit card EMI? How to buy a mobile phone on EMI?

The application process to purchase a mobile phone on debit card EMI with NIRA smartphone loan is simple. You can apply for a loan online or on our app; simply fill in the required details on either our app or 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 money to buy mobile on EMI gets disbursed into your bank account, you’ll also need to set up an auto-debit mandate. The good news is that you can sign the mandate electronically if your bank enables it. If not, we’ll arrange for the pick up of the hard copy mandate from a place and time of your choice. That’s it! You’ll be ready to use your loan to purchase a smartphone on easy EMIs!

Other than interest, are there any additional fees or charges that apply?

NIRA applies the following three fees:

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

(ii) Late Payment Fee: 

Late by upto 30 Days : 2% of EMI
Late by 30-59 Days : 2% of EMI + 0.5% of Outstanding Balance
Late by 60-89 Days : 2% of EMI + 1% of Outstanding Balance
Late by more than 90 Days : 2% of EMI + 2% of Outstanding Balance


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

There are no other hidden fees or charges.

What are the repayment terms of a personal loan with NIRA?

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

How can I pay back the EMIs for my mobile phone?

There are two modes of payment to pay back your mobile phone EMIs. You can either pay through the auto-debit instruction (which was set up during the time of loan application) or through the app via net banking/debit card.

What are the CIBIL score requirements for a NIRA smartphone loan?

NIRA requires a CIBIL score of above 661 to approve candidates for smartphone 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!

Can I buy Mobile on EMI with NIRA without a CIBIL score?

If you haven’t borrowed before, are new to credit and do not have a credit history then yes, you can apply to NIRA to purchase your mobile on EMI without a CIBIL score. However, if you do have a CIBIL score, it needs to be above 661.

What are the advantages of buying a mobile phone on EMI with NIRA?

NIRA provides access to quick, flexible and paperless online smartphone loans. We offer these mobile phone EMIS to you at the most competitive rates according to your profile.

Forget large one-time payments, apply for mobile on EMI online on NIRA web or app and get pre-approved in 3 minutes! Plus, NIRA also gives you the flexibility to choose your repayment terms. You can buy a mobile phone starting from Rs. 5,000 to Rs. 1 lakh or your maximum credit limit.

We simplify the process to buy mobile on EMI and make access to smartphones easy and quick!

Which all locations do you serve?

We are currently taking loan applications from salaried graduates in Bangalore. In the next few weeks, we’ll be expanding to other Tier-I and Tier-II cities in 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.

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