NiyoX Personal Loans

About NiyoX loans (Amount, Interest, Duration, etc)
We (NiyoX) are starting to offer personal loans (unsecured loans - loans that don’t need any collateral) in tie-up with our lending partner Prefr (it’s simi...
Tue, 7 Jun, 2022 at 7:48 PM
Can I get a personal loan from NiyoX?
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 ...
Tue, 7 Jun, 2022 at 7:50 PM
What are the steps to get a personal loan from NiyoX?
We (NiyoX) have very recently started offering personal loans in tie-up with our lending partner Prefr.  You first need to follow some simple steps to s...
Tue, 7 Jun, 2022 at 7:51 PM
Why can't I see an option for loans on my app?
We’re very excited to see your interest in getting a personal loan from NiyoX. We have very recently started offering personal loans in tie-up with our lend...
Tue, 7 Jun, 2022 at 7:51 PM
How much time will it take for the loan amount to come to my bank account?
Currently, it can take upto 2-4 working hours for the money to get credited to your bank account, from the time you have - completed all formalities and con...
Tue, 7 Jun, 2022 at 7:52 PM
Why should I provide access to SMS?
Providing access to SMS can help increase your chances of getting a better loan offer. The SMS permission will allow Prefr (our lending partner) to go get m...
Tue, 7 Jun, 2022 at 7:52 PM
What are the fees/charges while taking the loan?
There are two types of fees/charges that you may have to pay at the time of taking the loan (this amount gets deducted from the loan amount, and the remaini...
Tue, 7 Jun, 2022 at 7:53 PM
Which bank account will I get the loan on? Which bank account can I use to repay the loan?
By default, the loan amount will get credited to your NiyoX Equitas savings account. The repayment bank (that you will use to pay EMI) can be different ...
Tue, 7 Jun, 2022 at 7:53 PM
What is NACH/E-mandate (auto-debit)?
The EMI amount for your loan will get automatically deducted/debited from your repayment bank account on the 5th of every month. To make sure this can a...
Tue, 7 Jun, 2022 at 7:54 PM
How do I repay the loan/EMIs? When can I pay for the EMI?
EMI Date Your EMI date will always be on the 5th of every month.  If you have taken a loan on or before the 15th of a month, your first EMI date...
Tue, 7 Jun, 2022 at 7:55 PM