Whether you are an avid investor or new to investing, you know that it is all about growing your wealth by increasing your returns, while lowering the impact of risks that come with it. Commonly, many investment entities have a high probability of sudden or unexpected changes in their value.

Thus, this calls for an investment product with low volatility & significant returns, which gives you a solid option to diversify your investment portfolio for effective risk-management.

That’s where MobiKwik Xtra steals the show, but first let us understand what it is and how it works to deliver impressive returns of up to 14% per annum.

What is MobiKwik Xtra?

MobiKwik Xtra is a peer-to-peer (P2P) lending investment product that enables you to earn up to 14% interest per annum.

The rate of interest an investor gets is dependent on the total time for which their money is invested. The longer they hold, the better the returns.

Here’s what you earn based on the duration of your holdings: 

• Invest for 1 month: Earn up to 10% p.a. 
• Invest for 3 months: Earn up to 12% p.a.
• Invest for 12 months: Earn up to 13% p.a.
• Invest for 24 months: Earn up to 14% p.a.

Disclaimer: Please note that the product features described in this blog have been modified. For the latest details and updates, download the MobiKwik app now!

What is P2P Lending?

P2P lending is a financial technology that allows people to lend and borrow money, cutting out the traditional bank in between. Peer-to-peer lending enables giving small-ticket P2P loans for shorter tenure to high creditworthy borrowers.

Now, how does P2P lending help your investments?

Your investment is distributed among multiple borrowers. This number can go as high as 100 or more, even for a small investment that you made and the selection is made leveraging technology to diversify risk. Finally, the interest income earned from borrowers is distributed back to investors. While there are no middlemen involved, you receive higher returns on your investments.

Why is MobiKwik Xtra a great choice for investors?
Well, there are many reasons that make MobiKwik Xtra the go-to choice for your investments as we state below:

– Supervision & Regulation:
MobiKwik supervises the investments made towards lending the money to borrowers who are identity-checked, credit-checked & risk assessed on numerous parameters.

– Proven Track Record:
Till March 2024, Xtra offered up to 12% p.a interest and 100% of the users earned 12% returns. Interest rates were revised from April 2024, and now users can earn up to 14% p.a. Returns. All the withdrawals were honored with full interest & credited directly to the bank account.

– Automated Investment Experience:
The user is free to transact at their convenience since there is no manual intervention both in investments and while making withdrawals.

Who can invest & how to get started?
Any Indian above the age of 18 (resident or non-resident) with a PAN Card & active bank account can start investing in Xtra. NRIs can invest via their NRO bank account.

Here’s how you can begin your investment journey in just 4 steps as given below:

1) Install & launch the MobiKwik app

2) Complete the PAN and Aadhar-based KYC registration process.

3) Click the Xtra icon on the app’s home screen

4) Start investing & earn your daily interest

Conclusion–

Whether you are new or seasoned in the game of investing, MobiKwik Xtra comes as a wise decision for a consistent and trustworthy P2P lending investment product.

By investing in the same, you diversify your portfolio and generate a passive income, thus adding up significantly to the financial security that you build for your future.