
MobiKwik, India’s leading digital wallet platform, has announced a strategic partnership with Piramal Capital & Housing Finance Ltd. (Piramal Finance) to provide personal loans to its users. This collaboration is aimed at enhancing access to affordable credit solutions, making it easier for individuals to manage their financial needs.
Through this partnership, MobiKwik users across India can now seamlessly apply for and access personal loans directly through the MobiKwik app. The loan offerings are designed to meet various financial requirements such as funding education, covering medical expenses, travel costs, and other personal consumption needs. Loan amounts for ZIP EMI range from INR 50,000 to INR 2,00,000, with a minimum tenure of 6 months and up to 24 months.
To be eligible for these personal loans, users need to have a monthly income of over INR 25,000 and be between the ages of 23 and 55. This service is available to all MobiKwik app users across the country, further strengthening MobiKwik’s commitment to enhancing financial inclusion through digital innovation.
The partnership aligns with MobiKwik’s vision of making financial products accessible and affordable to all segments of society. With this move, MobiKwik and Piramal Finance aim to simplify the loan application process and ensure that users can meet their financial requirements with ease.