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Why MobiKwik
Built to make loans less stressful
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Simple, speedy approvals with minimal effort.
Zero Hassle
No paperworks. No hidden fees. No stress.
How It Works
Get funded in 3 simple steps
Share Details & Verify Aadhar
Setup Autopay
Configure e-mandate for hassle-free repayments.
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Calculate your Loan
Understand your EMI calculations for your loan Amount
Monthly EMI amount
₹13,752
Rate of interest 18%
GUIDELINES
Know APR calculation, guideline and other details
For instance, if Ashwin gets a loan of ₹2,00,000 at 17.99% APR from one of MobiKwik's lending partners for a tenure of 2 years, in such a case his EMI would be ₹9,984 and the complete repayment amount till the end of 24 months tenure would be ₹2,39,612 (i.e ₹9,984 EMI * 24 months), wherein the total interest amount is ₹39,612 along with principal repayment of ₹2,00,000. Few additional charges like those of a minimal one-time processing fee of 2% (i.e. ₹4,000 exclusive of GST) will also apply. T&C apply.
The minimum loan tenure applicable for Ashwin is 3 months but can be chosen to extend up to 36 months
In case Ashwin does not need the money, he can choose to cancel the loan at no cost by paying back the Principal amount of ₹2,00,000 within 3 days of withdrawal.
Post 3 days of withdrawal, Ashwin will also be able to foreclose the loan by paying a minimal foreclosure fee of 3% of Principle outstanding.
APR ranges from 17.99% to 35.99% p.a.
Tenure ranges from 3 months to 24 months.
The minimum loan tenure applicable for Ashwin is 3 months but can be chosen to extend up to 36 months
In case Ashwin does not need the money, he can choose to cancel the loan at no cost by paying back the Principal amount of ₹2,00,000 within 3 days of withdrawal.
Post 3 days of withdrawal, Ashwin will also be able to foreclose the loan by paying a minimal foreclosure fee of 3% of Principle outstanding.
APR ranges from 17.99% to 35.99% p.a.
Tenure ranges from 3 months to 24 months.
Testimonials
What people say about us
“I took a personal loan to renovate my home, and the entire experience exceeded my expectations.”
Shweta Tiwari • Finance Professional
“Needed funds urgently for a medical emergency, and the loan process was incredibly fast and hassle-free.”
Surinder Pandey • Kirana Store Owner
“The application process was simple, the documentation was minimal, and the customer support was excellent.”
Ankur Jha • IT Sector Employee
Frequently Asked Questions
Eligibility depends on age, income, bureau profile and lending partner policies.
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