Personal loan online

Get qualified for an instant personal loan of up to Rs. 1 Lakh in just 3 minutes!

Hello Freedom!


Apply Here

What is a Personal Loan?

A personal loan is money you borrow for any kind of personal use such as buying a new mobile phone, investing in home improvements, taking a special vacation, taking an educational course to build new skills, paying for wedding expenses or meeting unexpected expense and medical emergencies. To repay the loan, you make monthly payments of principal plus interest. A personal loan gives you the flexibility to make big purchases, then pay it off at a pace that is comfortable for you.

Am I eligible For a Personal Loan online from NIRA?

To be eligible for a online instant personal loan with NIRA, you must be an Indian citizen and 21-65 years of age. You will 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.

If you are new to credit and this is the first time that you are looking for a personal loan online, we highly welcome your application. Existing credit holders need to have a CIBIL Score of 681 and above.


1. You should have Graduate degree.
It’s important to hold a college degree to qualify for a personal loan from NIRA.
A college degree builds on your credibility and credentials for a personal loan application.

2. Your monthly income should be Rs. 12,000 or more.
To be eligible for a personal loan instant approval you need to display an ability to be able to afford the loan repayment and hence your salary plays a crucial role in your personal loan application.

3. You should be employed for at least 6 months.
Having a stable job increases your chances of getting qualified for a quick personal loan online. You don’t necessarily need to have many years of work experience but a continuous and stable employment of minimum 6 months is a must have.

4. You have Aadhaar card.
An Aadhaar card is mandatory for NIRA personal loans online instant approval. It is required to complete the verification and KYC process.

Check Eligibility

Change of job during loan tenure?

As a salaried individual, you may switch your jobs while your NIRA EMI is ongoing. As long as you continue to maintain balance in your salary account on the NIRA EMI due date, it is no problem if you change your jobs. However, be careful not to close your existing bank account when you have outstanding EMIs, as that may result in non-payment or late payment which will affect your CIBIL score negatively.

Can I apply if I am Self-employed?

At present we are only serving salaried graduates who have a monthly take home salary of greater than or equal to Rs.12,000. In the near future, we aim to serve self-employed graduates as well, in Bangalore and other Indian cities.

BENEFITS of NIRA personal loan

NIRA makes getting a personal loan instant approval easy, quick and flexible.


Forget bank queues. NIRA gives you the opportunity to apply for a personal loan online from the comfort of your home/office. Apply for NIRA online instant personal loan anytime, anywhere.


Know your personal loan online eligibility in 3 minutes and get quick loan disbursal.


The interest rate for a NIRA personal loan online ranges between 1.67% to 2.25% per month. With good repayment behavior, your interest rate will decrease over time.


Pay back your online instant personal loan in easy EMIs. NIRA gives you the flexibility to choose your repayment tenure. You have the flexibility to choose between the time period of 3 to 12 months.

(*paper copies will be required to be submitted once for KYC purpose)

What are the different ways to use NIRA Personal Loan?

NIRA provides access to flexible and instant onlin personal loan. We offer these personal loans to you at the most competitive rates according to your profile. You can take loans of any size from Rs. 2,500 to Rs. 1 Lakh or your maximum credit limit. With an instant personal loan online from NIRA you have the freedom to use the funds according to your needs. Whether it’s for wedding expenses, to pay emergency medical bills, fund your children’s education, or just to meet monthly expenses. Whatever your need, NIRA is always there for you.

What does a NIRA personal Loan cover and How to use it?

NIRA offers quick personal loan online starting from Rs. 10,000 up to Rs. 1 Lakh. Once you are qualified and have a credit limit, you have the freedom to choose whatever you want to do with that money. A NIRA personal loan online covers all your requirements whether it’s a new mobile phone, laptop, vacation, wedding or short education courses.

NIRA online instant personal loan is made available to you in the form of a personal credit line. You are free to withdraw a part or all of the credit limit depending on your use. You’ll only pay interest on the drawn amount.

Suppose you get approved for NIRA credit limit of Rs.50,000. It’s up to you to take 5 loans of Rs.10000, or two loans of Rs.25,000 at different times, or the entire Rs.50,000 at once. You are, of course, free to choose any other amount less than Rs.50,000 that you want.


  1. Get instant approval NIRA instant loan app
  2. Upload docs to complete the process
  3. Setup auto-debit and avail credit
  4. Voila! Your Loan is Approved!

Get it on Google Play Get it on Google Play

Fees and other charges

We have the following three fees as charged by our lending partner:
(i) Processing Fee: A flat amount of Rs.500 is charged for the first loan. The amount will be reduced for the second loan.
(ii) Late Payment Fee: Please refer to
(iii) Prepayment Fee: 2.5% if prepayment before 90 days; 0% after 90 days

There are no other hidden fees and charges.

Repayment terms for loan NIRA Personal loan

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

Modes of Repayment

There are two modes of payment to pay back for your personal loan.
(i) You can either pay with the auto-debit instruction which was set up during the time of loan application.
(ii) or you can pay using the app via net banking/debit card.


To apply for a personal loan with NIRA you would
need your Aadhaar number, PAN number, Salary slip
and 6months bank statements.


Need Help?

Write to us at: