IIFL Finance partners with fintech NIRA to provide personal loans

IIFL Finance Limited, a non-banking finance company, today announced its collaboration with fintech NIRA as part of its strategy to strengthen its digital footprint.

Through this partnership, salaried customers can avail a personal loan of up to Rs. 1 lakh from IIFL Finance by downloading the NIRA app from the Google Play Store.

IIFL Finance is a diversified retail-focused NBFC and robust digital platform serving over 6 million customers. Through its digital lending portfolio, IIFL Finance aims to provide credit to largely unbanked and underbanked borrowers and small entrepreneurs.

NIRA is a Bangalore-based consumer finance company that, starting with credit, develops financial services for the Indian mass market. They offer loans to borrowers from incomes as low as Rs. 10,000 per month. NIRA operates across India and now has customers in over 5,000 cities and towns. This partnership will allow NIRA to continue to grow its business and help IIFL build its unsecured loan portfolio, it said in a press release.

Ms. Jyoti Joshi, National Sales Manager – Digital Loans, IIFL Finance, said, “This partnership with NIRA will strengthen our low-cost, short-term digital loan portfolio. NIRA has built relationships with many underbanked and underserved borrowers, which is in line with our goals. »

Rohit Sen, CEO and Co-Founder of NIRA, said, “We are extremely pleased to partner with IIFL on our journey to provide accessible financial services to Indian workers.

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Posted: Thursday March 3rd 2022, 11:26 AM IST