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for a small loan in 3 minutes.

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Small Amount Personal Loans

Planning a short weekend trip, gift for your sibling, a new training course for yourself or looking to update your mobiles and gadgets? NIRA has got you covered. Whatever your needs might be, NIRA will finance your mini cash loan online and empower you to live a life of freedom.

Loans starting from Rs 5,000 up to Rs. 1 Lakh. Get access to mini loans in minutes at low interest rates.

Benefits of
Small loan

NIRA makes Getting a small loan
easy, quick and flexible.

loan on aadhar card


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

loan on aadhar card


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

loan on aadhar card


The interest rate of NIRA mini loans ranges between 1.50% to 3% per month. With good repayment behavior, your interest rate will decrease over time.

loan on aadhar card


Pay back your small 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.

loan on aadhar card


Once approved, NIRA sends your mini cash loan directly to your bank account. Get access to small loans anytime, anywhere.

loan on aadhar card


Break down your credit limit into small cash loans based on your requirement. NIRA’s minimum drawdown limit is Rs. 5,000 and maximum limit is Rs. 1 Lakh.

(*if your bank has e-mandate enabled)


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. 20,000 or more.
To be eligible for a personal loan 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 personal loan. 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 loan application.
It is required to complete the verification and KYC process.

mini loans in minutes
mini loans in minutes
mini loans in minutes
mini loans in minutes

Advantages of Small Personal Loans

A small personal loan allows you to manage small chunks of expenses without paying a high interest on a large principal sum over multiple years. You can take a mini cash loan online to manage wedding expenses, to invest in a hobby, to take up a new vocational training course or language classes.

A small personal loans gives you the freedom to invest in your passions.


Wondering how the NIRA small loan application process works? Fret not!
We have made it as easy as 1-2-3 ! All you need to do to get your mini loan
is follow the below steps:

  1. Download the app on Play Store
  2. Fill in your details and upload docs
  3. Setup auto-debit and avail credit
  4. Hello Freedom!

 Get it on Google Play

Customer Testimonial:

"Love the smooth process, NIRA is definitely my go-to place for loans within 1 lakh. Quick disbursal and great customer services." - Aman

"Its amazing to be a partner with NIRA. The team is solely determined to help people achieve their dreams." - Abhishek

"Team is excellent, they get involved personally and take everything positively. They even apologise for late disbursal of the loan. Best loan company I have come across." - Hareesh


What is a NIRA small personal loan?

A small 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 small loan, you make
monthly payments of principal plus interest.  A small personal loan gives you the
flexibility to make big purchases, then pay it off at a pace that is comfortable for you.

What is covered under a NIRA small personal loan? What can I use the NIRA small personal loan for?

NIRA offers small personal loans 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 small personal loan covers all your requirements whether
it’s a new mobile phone, laptop, vacation, wedding or short education courses.
NIRA small personal loan is made available to you in the form of a personal digital 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.

What are the documents required for applying for a small personal loan with NIRA?

To apply for a small personal loan with NIRA you would need your aadhaar card, pan
card, salary slip and 6 months bank statements.

Am I eligible for a NIRA small personal loan?

To be eligible for a small 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.
You do not need CIBIL score to apply for small personal loan from NIRA. If you are new
to credit and this is the first time that you are looking for a small personal loan, we highly
welcome your application.

What if I change my jobs during the 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 > Rs.20,000. In near future, we aim to serve self-employed graduates as well,
in Bangalore and other Indian cities.

What is the application process for NIRA small personal loan? How to get a small personal loan?

The application process for NIRA small personal loan is simple. You can apply for a
loan online or on our app: 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 credit you can go
ahead and upload the bank statement and ID document. You'll get a final approval once
your documents have been verified.
Before the loan 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 pick up of paper mandate from a place and
time of your choice. That’s it - you’ll be ready to use your personal loan.

Other than interest, are there any other fees and charges that apply?

We have the following three fees:
(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: *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 and charges.

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

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

How can I pay back for my small personal loan?

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

What are the CIBIL score requirements for a NIRA small personal loan?

NIRA requires a CIBIL score of above 661 to approve candidates for a mini 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 get a small loan from NIRA without a CIBIL score?

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

What are the advantages of applying for a small loan with NIRA?

NIRA provides access to quick, flexible and paperless online small loans. We offer
these mini loans to you at the most competitive rates according to your profile. Forget
bank queues, apply for a loan online on NIRA web or app and get pre-approved in 3
minutes. NIRA gives you the flexibility to choose your repayment terms.  You can take
loans of any size from Rs. 5,000 to Rs. 1 Lakh or your maximum credit limit.
We simplify the loan process and make access to small loan easy.

How many small loans can you take with NIRA?

You can take as many small loans as you want, as long as you are within your limit.
There is a minimum loan size of Rs. 5,000 for drawdowns.

What is the minimum and maximum I can borrow?

You can take a mini loan of as low as Rs 5,000 and as high as Rs. 1 Lakh.

Does NIRA give a top up on existing small personal loan?

Yes, NIRA gives top up on existing small loan based on your affordability. If your current
monthly income and existing lifestyle can accommodate additional EMIs, you can
qualify for a top up on existing personal loan.

When will the money be disbursed? How long does it take for a small personal loan application to be approved?

The in-principle approval would be shown on the app instantly once the application is
completed. The final approval will be given as soon as all the documents are uploaded
and collected (if applicable to your application). You can expect to complete this step in
2-48 hours.

Can I pre-pay my small loan?

Yes you can pre-pay your small loan. There will be no charges if you prepay after 3
months. However, if you pay before 3 months, a prepayment charge of 2.5% will be

Do I need to provide any security or collateral for a small loan with NIRA?

No, you don’t need to provide any collateral or security for a small loan with NIRA. We
offer you loans based on our assessment of your creditworthiness. There is also no
need for any co-signee or guarantor either. NIRA provides you with small personal
loans without security so that you can get easy access to credit for your personal needs.

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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