MudraKwik – Instant Loan App

Mudrakwik is India’s first truly instant loan application. 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.

MudraKwik App Founder & Release Information:

• Founder : Swapnil Madiyar
• Company : Mudrakwik Fintech Pvt Ltd
• Country : India
• Release Date: Jul, 2019

Loan Amount: From ₹ 1,000 to 5,00,000.
Tenure: the shortest tenure is 75 days, the longest tenure is 500 days. Interest rate: It depends on the customer’s risk profile and loan tenure. The maximum interest rate is 34.6 % per annum.
For example: If the loan amount is ₹50,000 and the interest rate is 30% per annum with the tenure of 75 days, after deducting the processing fee, the interest payable is as follows :
Interest = ₹ 50,000 * 30% / 365 * 75 = ₹ 3082.
Processing Fee: It varies according to the loan amount and tenure. It varies from 2% to 4.3%
Example: For 1000 rs loan processing fee is Rs.42.38+GST

MudraKwik App Features:

• create account
• digital loan process
• submit loan application

MudraKwik App Google Play Store Information:

• Updated: May 14, 2020
• Size: 17M
• Installs: 1,000,000+
• Current Version: 3.0.15
• Requires Android: 5.0 and up
• Content Rating: Rated for 3+

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Why Mudrakwik?

1. No credit history required.
2. A paperless and digital process on your mobile.
3. Get 24×7 access to loans anytime and anywhere.
4. Complete automated process using MI/ML
5. Disbursal in less than 5 minutes.
6. Available pan India.
7. No minimum salary criteria.

Eligibility:

1. Indian Resident.
2. 18-45 years old.
3. Regular monthly income.
4. Only salaried can apply.

How it works？

1. Install the Mudrakwik APP from the Play Store.
2. Register an account.
3. Fill out your basic information, then submit the application.
4. Instant approval and money get deposited in your bank in less than 5 minutes.

Download MudraKwik Android App From Google Play Store
Download MudraKwik IOS App From Apple iTunes Store