MobiKwik, a leading fintech and digital wallet platform, has joined hands with Piramal Capital & Housing Finance Ltd to provide personal loans to millions of users across India. This strategic collaboration aims to bridge the credit gap by offering easy and seamless access to personal loans through MobiKwik’s digital platform.
A Step Towards Financial Inclusion
This partnership is a significant move to address the growing credit needs of Indians. Bipin Preet Singh, Co-founder and MD of MobiKwik, expressed optimism about the collaboration, stating:
“By combining Piramal Finance’s expertise in financial services with MobiKwik’s robust digital infrastructure, we aim to create a hassle-free loan experience for our users.”
Loan Features and Eligibility
MobiKwik users across India can now access personal loans ranging from ₹50,000 to ₹2 lakh under the ZIP EMI service, a dedicated personal loan offering by MobiKwik.
To qualify for these loans, users must meet the following criteria:
- Monthly Income: Above ₹25,000
- Age Range: Between 23 and 55 years
- Repayment Tenure: Flexible options between 6 and 24 months
Pioneering Digital Lending
MobiKwik’s partnership with Piramal Finance is its latest move to strengthen its digital lending portfolio. Before this collaboration, MobiKwik had already partnered with eight financial institutions to offer personal loans.
This new partnership is set to make borrowing more accessible, catering to a broader audience and reinforcing MobiKwik’s position as a key player in the fintech industry.
With such initiatives, MobiKwik continues to empower its users by providing financial solutions tailored to their needs, simplifying the loan process, and driving financial inclusion across India.
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