Nigania Finance Private Limited
A non-deposit taking Non-Banking Financial Company registered with the Reserve Bank of India.
About us
Nigania Finance Private Limited is a private limited company incorporated in 1994 and registered with the Reserve Bank of India as a Non-Banking Financial Company since 2002.
We provide small-value personal loans in India from our own funds.
Products
Salary advance. An unsecured personal loan against salary income, repaid either in a single instalment 30 days after it is disbursed, or in three monthly instalments (EMIs).
| Loan amount | ₹1,000 to ₹50,000 |
|---|---|
| Tenure | 30 days, or 3 months |
| Repayment | One instalment, or three monthly EMIs |
| Representative annual percentage rate | 18% to 36% per annum |
| Processing fee | 1.4% of the loan amount, plus GST |
| Prepayment or foreclosure charge | Nil |
| Security | None |
| Penal charge on an overdue amount | 2% per monthNot compounded, and no interest is charged on it. |
| Failed auto-debit or cheque return | ₹590 |
The figures above describe the product. The Key Fact Statement issued with your loan states the amount, rate, charges, cooling-off period and dates that apply to you, and it is what governs your loan.
Company information
| Registered name | Nigania Finance Private Limited |
|---|---|
| Corporate Identity Number | U65100DL1994PTC058286 |
| RBI Certificate of Registration | B-14.02665 |
| Classification | NBFC-ND-ICCNon-Deposit taking Investment and Credit Company |
| Public deposits | Not accepted |
| Registered office | A-1/118, 2nd Floor, Safdarjung Enclave, New Delhi, Delhi 110029 |
| GSTIN | 27AABCN6846K1Z1 |
| Directors | Hanish Agarwal Vikas Goyal |
| corporate@nigania.co.in | |
| Telephone | 011-4780 7710 |
You can verify our registration on the Reserve Bank of India's list of registered NBFCs.
Digital lending apps and lending service providers
Some of our loans are sourced and serviced through a digital lending app operated by a partner. As required by the Reserve Bank of India, the apps and lending service providers we have engaged are listed here.
| Digital Lending App | Paisa Promisewww.paisapromise.com |
|---|---|
| Owned and operated by | CoinEdge Fintech Private LimitedCIN U74909DL2024PTC438631 · GSTIN 07AAMCC2285N1Z4 |
| Role | Lending Service Provider. Sources applicants and services the loan journey on our behalf. It is not a lender, holds no lending licence, and no loan sits on its books. |
| Lender | Nigania Finance Private Limited approves, disburses and holds the loan, and is the lender of record named in your loan agreement and Key Fact Statement. |
CoinEdge Fintech Private Limited has no ownership, management or group relationship with Nigania Finance Private Limited.
Beware of fraud
People do impersonate registered NBFCs. Three things we will never do:
- We never accept deposits or investments. We are a non-deposit taking NBFC. Any scheme inviting money in our name is fraudulent.
- We never ask for a payment to release a loan. There is no advance fee, insurance payment, token amount or verification transfer. Every charge we levy is in your Key Fact Statement.
- We never collect into a personal account. We disburse only to a bank account in the borrower's own name and collect only from that account. No employee or agent may take a repayment in cash or to a personal UPI ID.
If you come across any of these, please report it to us and on the RBI's Sachet portal.
Grievance redressal
Raise your complaint at the first level below. If it is not resolved in the time stated, or you are not satisfied, escalate to the next.
The salient features of the Integrated Ombudsman Scheme, and the name and contact details of our Grievance Redressal Officer, are also displayed at our registered office.