When faced with a financial crunch, many people turn to personal loans to manage urgent expenses. While personal loans generally come with higher interest rates, they can be a lifesaver in emergencies. However, securing one from a bank often involves a lengthy and time-consuming process.
To address this common problem, digital payments platform Mobikwik has teamed up with Poonawalla Fincorp to launch a new instant personal loan service. This initiative aims to provide fast and hassle-free loans ranging from ₹50,000 to ₹15 lakh within just a few minutes.
Beware of Fake Apps – This One’s Official
With the rise in digital lending, many people fall prey to fake loan apps and scam websites that promise quick cash. But Mobikwik, a trusted name in fintech, has now launched a legitimate and secure loan service for its users.
What Makes This Service Unique?
- Service Name: ZIP EMI
- Availability: 24/7 via the Mobikwik app
- Loan Amount: From ₹50,000 up to ₹15 lakh
- Repayment Tenure: Flexible – choose between 6 months to 3 years
- Digital Process: Minimal documentation, completely online approval
Who Can Benefit?
This service is tailored for residents of Tier-2 and Tier-3 cities, where access to traditional bank loans can be limited or slow. With ZIP EMI, users from smaller towns can now get loans instantly—without the red tape.
How to Apply?
- Download and log in to the Mobikwik app
- Navigate to the ZIP EMI section
- Fill in basic details
- Get loan approval in just a few minutes
This initiative by Mobikwik and Poonawalla Fincorp is a step toward making financial access faster, easier, and more inclusive for millions of Indians. It combines the speed of fintech with the reliability of a regulated lending partner.