NIRA Personal Loan

• Product Details

• Description

  NIRA is an Indian consumer finance business that offers small loans to low-income salaried individuals. The loan will be similar to a Credit Card where there is a pre-set limit which you can utilise the way you desire.

  Features

  ✔️ 100% digital & paperless process
  
  ✔️ loan up to Rs.5000 to 100000
  
  ✔️ Quick loan disbursal
  
  ✔️ Low interest
  
  ✔️ Flexible repayment tenure

  Target Audience

  ✔️ Age: Between 18 - 45 Years
  
  ✔️ Employment type - Salaried Individual
  
  ✔️ Minimum Salary - Rs.11,000
  
  ✔️ CIBIL Score - 681+

  Documents required

  ✔️ Aadhar Card
  
  ✔️ PAN Card
  
  ✔️ Bank Statements (Last 3 Months)
  
  ✔️ 3 months of Salary Slip
  
  ✔️ 3 months of Salary Bank account statement
  
  ✔️ Self Employed - 3 months of Bank statement if provided as a personal account but if Current Account statement is provided then we need some business proof as well like GST certificate, Shop Lic. etc. 

  Fees & Charges

  ✔️ Processing fees - On an average 750/-
  
  ✔️Foreclosure charges - On an average 3%  of outstanding loan amount (after 3 month no foreclosure charge)