Within 10 minutes, you can get up to 60,000 instant loans through Mobikwik. This is Mobikwik Zip pay later facility. You don’t have to pay any interest for up to 15 days. The process is fast.
Minimum documents will require to get the Mobikwik Personal Loan. Use this credit limit to pay house rent, electricity bills, online shopping & more.
Mobikwik Personal Loan Quick Recap
| Interest rate | NIL |
| Credit Limit | Up to Rs. 60,000/- |
| Approval Process | Online |
| Loan Tenure | 15 days |
| Eligibility Age | 18 years or above |
| Processing Charge | NIL |
| Eligible for | Self-Employed / Salaried Person / Student / Housewife |
Benefits of Mobikwik Personal Loan
No Processing Charge: Mobikwik does not take any processing charge to apply for a loan. You will get the loan without any processing fees.
Interest-free: Use Mobikwik credit limit without paying interest. Pay money after 15 days to avoid late charges.
Fast Process: Get the loan up to Rs. 60,000 within 10 minutes. The instant loan process is available through Mobikwik.
Minimum Documents: The KYC documents are the only needed documents. No other documents will require.
Build Credit Score: You can build a credit score via Mobikwik zip pay later. Pay on time to get a good credit history.
Higher Credit Limit: Mobikwik is offering up to Rs. 60,000 credit limit. You can get this credit limit with Aadhaar Card & Pan Card.
Also Read: Instant 10,000 Loans for Students Online
Mobikwik Personal Loan Eligibility
The following eligibility criteria will need to apply for Mobikwik personal loan:
- Indian Citizenship
- Applicant age 18 years required
- Previous CIBIL track required
- Aadhaar linked mobile number required
Documents Required for Mobikwik Loan
Fulfill the basic documents to get the Mobikwik loan:
- Aadhaar Card
- Pan Card
- Bank Account
Mobikwik Personal Loan Fees & Charges
| Interest rate | Applicable after 15 days of the month |
| Processing fee | NIL |
| Outstanding Charges | 2% of the due amount |
Mobikwik Personal Loan Late Payment Charges
| Due amount | Late Charges |
| 0- 500 | Rs. 50 |
| 501 – 1,000 | Rs. 100 |
| 1,001- 2,500 | Rs. 200 |
| 2,501 – 4,999 | Rs. 300 |
| 5,000 – 9,999 | Rs. 500 |
This charge will applicable after 15 days of every month. Pay the use credit limit on time to avoid late charges.
Also Read: Faircent Instant Loan
How to Apply for Mobikwik Personal Loan
Check out the following steps to apply for Mobikwik personal loan:
Step 1: Click on the “Mobikwik Personal Loan” button.
Step 2: Sign up through mobile number & Email id.
Step 3: Select “See All Service”
Step 4: Now choose “Zip/Pay Later”
Step 5: Click on “Active Zip” & start to apply.
Step 6: After submitting the KYC documents you will get the loan offer.
FAQs on Mobikwik Personal Loan
Is Mobikwik safe to use?
Mobikwik is safe to use. Mobikwik uses special security features to secure customer data. This is a trusted company.
Is MobiKwik Personal loan interest-free?
You can take the facility with 0% interest for up to 15 days every month. Pay the bill after 15 days to avoid late charges or interest.
How much time does it take for a MobiKwik loan?
Within 10 minutes, you will get the Mobikwik loan. The loan amount will transfer to your Mobikwik wallet.
Can I apply for a loan as a student?
You can apply for a loan as a student. KYC documents will mandatory to apply for a loan.