Mudrakwik Instant Loan

Avail an instant loan from Mudrakwik at attractive interest rates in case you have a cash crunch and wish to meet your personal needs. You can download the Mudrakwik App and apply for a loan.

If you have a low income or insufficient CIBIL rating and is looking for a loan, then applying for one from Mudrakwik can be a good option. You can apply for a loan amount ranging between Rs.1,000 and Rs.5 lakh depending on your credit score.

Equated Daily Installments (EDI) facility

Mudrakwik offers the Equated Daily Installments (EDI) facility where your credit score applies as you repay a part of your loan on a daily basis. For example, if you have insufficient credit score, then the minimum amount that you can apply for is Rs.1,000. The lender will deposit Rs.900 after deducting the processing fee and other applicable charges. All you have to do is pay an amount of say Rs.100 for 10 days which would allow you to clear your loan. Once you clear your loan, you will be eligible for the next maximum loan amount.

Continue availing the loan and paying back the amount in time. This will not only allow you to improve your credit score but will also eventually make you eligible to apply for a maximum loan amount of Rs.5 lakh from the lender.

Features and benefits of applying for a loan from Mudrakwik

• Automated approval and paperless processing of loan

• Innovative interface
• The loan amount will be disbursed to your account instantly
• Allows you to improve your CIBIL score
• You can avail the ‘Buy Now Pay Later’ facility.
• Fully automated and 24x7 disbursal possible even if it is midnight or a holiday.

Eligibility criteria

• You should either be a salaried individual.

Documents required

• Aadhaar Card
• PAN Card
• Latest salary slip
• Company ID

How to apply for a loan from Mudrakwik?

• Download the Mudrakwik Instant loan app on your mobile phone
• Register yourself by providing your mobile number. You will receive a One-Time Password (OTP) on your registered mobile number. Enter the OTP and enter your personal details such as your name, email ID, etc.
• Upload the necessary documents. It will take few minutes for you the lender to approve the documents uploaded by you. You can then apply for a loan, and if you meet the eligibility criteria, the loan amount will be disbursed to your bank account. You can then use the loan amount to fulfil your financial need.