What is MobiKwik and how to take loan from Mobikwik App, for how many days Mobikwik loan is available, what documents will be required while taking Mobikwik loan, all these things A to Z today we are going to tell you, so let’s start.
What is MobiKwik
MobiKwik is an E-Wallet App, in this app you can add money to your E-Wallets account through Debit Card, Credit Card and Net Banking and with that money you can do your Mobile Recharge, DTH Recharge and many other types of Recharge. You can do this through this app. This is a Semi Closed Wallet, which is registered by the Reserve Bank of India.
Although you get to see many E-Wallets in the market right now, but MobiKwik App also works like all of them. This app also provides you with many advanced facilities, such as Money Transfer, Electricity Bill Payment, Insurance Premium, Water Bill, Train or Bus Seat Reservation, Loan and other types of facilities provided.
You can use this app on Android, iOS and Windows platforms. To use MobiKwik, you have to log in to the mobile app or its website and you have to create your account.
How to Take Mobikwik Loan
How you can take a loan from Mobikwik app, for this you have to follow the steps given below.
1. First of all you have to download Mobikwik application from Google Play Store and register with your phone number.
2. After the mobile number is registered, now you have to open this application.
3. In this you get the option of Get Instant credit up to 60000, you have to click on it, after which you are shown another similar option in which all the information related to it is given which you can read.
4. With the help of Mobikwik, you are provided loan in just 5 minutes, now you will see the option of active in just 5 minutes, after that you have to click on Yes Interested.
5. Now you have to enter your PAN card number and you have to enter your Aadhar card number and after that you will get an OTP on your mobile number which is registered, you have to enter it.
After this you will have to SUBMIT OTP, your credit score limit will be told in front of you through PAN card and Aadhar card, how much loan will be given to you, apart from this here you will know what will be your installment and how much money you will get You have to pay and what percentage of interest you have to pay, you get to see all this information here.
After this you have to enter your bank account number and your loan is credited in your Mobikwik wallet in 5 minutes and now whenever you want you can withdraw that money from your bank by transferring it to your bank account and your installment will be credited to your bank account. You can deposit every month from Mobikwik wallet.
Which Loan Can you Take From Mobikwik
Which loan can you take from Mobikwik, and what type of loan does Mobikwik provide you.
- Zip Loan
- Shopping Loan
- Personal Loan
Mobikwik Instant Loan (Zip Loan)
If you need money in an emergency, or for Electricity Bill Payment, Mobile Recharge, DTH Recharge or any need, you can take advantage of this facility of Mobikwik Instant Loan.
According to this facility, you can be given a loan of up to ₹ 5000. You can use this loan for 15 days at zero interest. This facility is also known as PAY LATER.
Eligibility: If we talk about the eligibility of this loan, then to take this loan, you will have to do full KYC of your Mobikwik account, and in just 5 seconds you will be able to credit the money in your wallet according to this facility.
Documents: To take this loan, you must have PAN card and Aadhar card.
Shopping Loan
If you want to buy any type of electronic goods such as mobile, fridge, cooler, washing machine or any other item from AMAZON, FLIPKART and other shopping online stores, then you can take advantage of this facility of Mobikwik Shopping Loan. According to this facility, you can be given a loan of up to ₹ 60000. This loan is given to you for 6 months to 1 year. To take this loan, you have to pay MONTHLY AVERAGE INTERSECT 2.33%.
Eligibility: If we talk about the eligibility of this loan, then to take this loan, you have to do full KYC of your Mobikwik account, and you have to enter your professional details such as what you work and in which company you are. You work and how old is your company, you have to fill these details correctly and then after approval you are provided loan.
Documents: To take this loan, you must have PAN card and Aadhar card.
Note: That you do not have to withdraw all the money, according to the price of the goods you are buying, you have to add your money to your wallet, this will mean that you will have to pay less interest.
Mobikwik Personal Loan
Personal loan has grown the most in the last several years, you can take personal loan for wedding, travel, pension, education etc.
Personal loan facility is also provided to you through Mobikwik APP. Let us know how you can take advantage of this facility.
Eligibility: If we talk about the eligibility of this loan, then to take this loan, you have to do full KYC of your Mobikwik account, and you have to submit your professional details, here the loan is provided to you according to your salary. And it also depends on you how good your CIBIL SCORE.
Note: When you are applying for this loan, then you should not have any loan on you already, this will mean that your loan may also be rejected, and the loan which you have already taken will be complete.
Documents: To take this loan, you must have PAN card and Aadhar card.
How Much Get will Mobikwik Instant Loan?
According to this facility of Mobikwik, you can be given a loan of up to MAX ₹ 500000 and also depends on your CIBIL SCORE, how much amount you can get.
When you get approval, you can add this amount to your bank account as well.
Interest Rate
To take Mobikwik Personal Loan, you have to pay MONTHLY AVERAGE INTERSECT 2.33%. Apart from this, you also have to pay some processing fee.
For How Many Days Can I Get a Loan from Mobikwik?
Mobikwik offers you three types of loans, it depends on you which loan you are interested in
PAY LATER: You can use this loan for 15 days at zero interest.
Shopping Loan: This loan is given to you for 6 months to 1 year. To take this loan, you have to pay MONTHLY AVERAGE INTEREST 2.33%.
Mobikwik Personal Loan: You can use this loan from 12 months to 18 months at MONTHLY AVERAGE 2.33% interest.
- How to Apply Lazypay Personal Loan
- Which Bank is Best For Cheapest Loan in India
- How to Take Home Loan – How Much Can I Get A Home loan
Conclusion
How did you like our post today, today we told you how to take loan from What is Mobikwik and Mobikwik, for how many days Mobikwik loan is available, what documents will be required while taking Mobikwik loan, hope you have understood And would have liked it too, and this information would have proved to be important for you.
