We (NiyoX) have very recently started offering personal loans in tie-up with our lending partner Prefr. You just need to follow some simple steps to see if you’re eligible for a loan (and if yes, upto how much).

  1. Click on Menu (bottom right) and then select “Personal Loans” (you can also select it from the banner on the home page.
  2. Click “View Loan Offer”.
  3. Give the required permissions and click “Confirm”. Prefr (lending partner) needs permission to check your basic details, check your credit score, and check your SMS for financial and transactional data. This helps them understand your income, expenses, how risky you may be to offer a loan, etc.
  4. Enter your basic details (such as employment type, salary, and address).

Within 2-3 minutes, you will be informed whether you are eligible for a personal loan or not.

If you are eligible, you will be shown upto how much loan you can get, and the range between which the interest rate will be. If you wish to proceed, you can click “Get Loan Now”.  After you finalize the loan details (amount, duration, check the interest, etc), you will need to complete some more formalities (enter some basic details, click a live selfie, select repayment bank). Once all formalities are completed, you can get the loan.

If you are not eligible for a loan, then you will not be able to take it from us. You can try again after 60 days if you wish to.