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IIFL Finance partners fintech Nira for personal loans
March 03, 2022
IIFL Finance Limited, a non-banking financial company, today announced its partnership with fintech NIRA as a part of its strategy to strengthen its digital footprint.
Through this organization, salaried clients can avail of a personal loan of up to ₹1 lakh from IIFL Finance by downloading the NIRA application from Google’s Play store.
IIFL Finance is a diversified retail-focused NBFC and a robust digital platform taking special care of more than 6 million clients. Through its digital lending portfolio, IIFL Finance means to give credit to largely unbanked and underbanked borrowers and small entrepreneurs.
NIRA is a Bangalore-based shopper finance business that, starting with credit, is building financial services for India’s mass market. They offer credits to borrowers beginning at wages as low as ₹10,000 every month. NIRA operates pan India and presently has clients in excess of 5,000 towns and urban cities. This organization will enable NIRA to keep increasing its business and help IIFL with building its unsecured lending book, it said in a press statement.
Ms. Jyoti Joshi, National Sales Head – Digital Loans, IIFL Finance said, “This association with NIRA will reinforce our little ticket transient advanced lending portfolio. NIRA has associated with many under-banked and underserved borrowers, which is lined up with our targets.”
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