Niro Credit by Invite Only v1.5.7

Niro Credit by Invite Only v1.5.7 detail information

Niro s unique pre approval process ensures the highest disbursal rates for the chosen few and provides a hassle free, paperless, personal loans experience. We not only provide high loan amounts, but also provide a 24 hour guaranteed disbursal or we waive your entire processing fees. Please note that our app is only for pre approved customers who hold a valid offer. Please do not apply if you do not have an offer already from one of our partners. They key features of our process are: 24 Hour Disbursal or 0 Processing Fees 0 Foreclosure Charges. Pre pay in full whenever you want. Pre approved process ensures highest disbursal rates. While our exact interest rates, processing fees etc. are primarily derived of the credit history of the borrower, they fall within the following ranges: Loan amount: 50,000 to 3,00,000 Interest rates: 12 to 32 per annum on a reducing balance basis Tenure: 6 to 36 months Processing fees: 1.5 to 8.9 Min 750 GST Max 8,900 GST Loan Calculation Example: Disbursal Amount Amount to be received in account : 1,20,001 Monthly EMI: 9,975 Interest Rate: 19.99 P.A Resultant Tenor: 14 months Processing Fee: 2.5 of Loan Amount 3091 GST on Processing Fee: 18 of Processing Fee 3091 18 556 Total Loan Amount: Disbursal Amount 1,20,001 Processing Fees 3091 GST on Processing Fee 556 1,23,648 Total Amount Repaid: 9,975 EMI 14 months Tenor 1,39,650 Total Interest Total Amount Repaid 1,39,650 Total Loan Amount 1,23,648 16,002 19.99 on a reducing basis Repayment Schedule 1st EMI 2nd Jan 2022 2nd EMI 2nd Feb 2002 Loan Ends on 03 Feb 2023 Penalties for delayed payment of EMIs Payment delays may incur penalties in accordance with the lending partner s policy. In addition, for each bounce, we may charge a one time flat fee of 499/ . Niro is not a registered NBFC or bank and offers these loans in partnership with select lending institutions. The exact lending institution extending the loan will be displayed while the user is being presented with the loan terms. Currently Empanelled Lending Partners are listed below: NDX P2P Private Limited Liquiloans https://www.liquiloans.com/affiliates Payu Finance India Private Limited Formerly Known As Sidvik Leasing Pvt. Ltd. https://www.payufin.in/ Muthoot Finance Limited https://www.muthootfinance.com/personal loan L T Finance Limited https://www.ltfs.com/our products/consumer loan