You can avail a personal loan using the Mobikwik app at attractive interest rates and flexible repayment tenure.
Mobikwik provides different types of personal loans depending on the type of customer and his/her financial needs. Hence, the eligibility criteria also differ from one loan scheme to another. If you meet the eligibility criteria set by Mobikwik, you can then avail the personal loan you are interested in.
You can visit the official website (https://www.mobikwik.com/) of Mobikwik and enter your box available on the page and enter your mobile number and click on ‘Apply Now’. You will receive a One-Time Password (OTP) on your mobile number. Enter the OTP. You will then be logged in. You will then have to provide the details of your Aadhaar, and PAN Card and you can then check if you are eligible for a personal loan from Mobikwik.
Mobikwik provides EMI calculator so that you can check the EMIs you will have to pay on taking a personal loan. You can try different loan amounts, repayment tenure, and interest rates before applying for a personal loan from Mobikwik. Given below are the steps you will have to follow in order to use the Mobikwik EMI calculator:
The maximum loan amount you can avail from Mobikwik is Rs.1 lakh.
The rate of interest levied on your loan amount will vary from 2% to 2.5% on a monthly basis. The interest rate levied on the loan amount will depend on your profile. The processing fee charged will range between 2% and 3% plus GST and will be deducted from the loan amount.
The different repayment tenures on availing personal loans from Mobikwik are given below:
You will have to pay your EMI on the 5th day of every month. The EMI cycle is fixed.
No, you are not required to submit any hard copy of your documents to Mobikwik. The whole process is digital, and the submission of documents are done online.
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