India’s first instant loan application
MudraKwik - Instant Loan App
, or simply
MudraKwik
, is a
finance
application. Developed by Mudrakwik Fintech Pvt. Ltd., the app is
India’s first instant loan software
. It allows users to conduct a
paperless
and completely
automated process
of loans using MI/ML. All transactions operated under this tool are safeguarded via a
256-bit SSL encryption
, which means all the data are transferred over secured connections. On top of that, the developers guarantee it doesn’t share your data with third parties without your consent.
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Loan anytime, anywhere
MudraKwik allows you to get
24/7 access
, enabling you to apply for a loan anytime and anywhere. This financial app
doesn’t require many qualifications
to apply for a loan. With this, your loan can be approved, even when you don’t have any credit history. You are also not compelled to meet any minimum salary. Of course, you still need to prove your eligibility as a loaner. You must be an
Indian resident
, age 18 to 45 years old, with
regular monthly income
.
If you meet the eligibility requirement, you can then register for an account using the app. To do so, you only need to
fill out all the necessary information
. The app processes your application immediately and can even approve it quickly, provided you give the correct documents and information. The disbursement of money will only take five minutes or less and will be
deposited in your
bank account
.
You can loan amount from
₹1,000 to ₹5,00,000
. The short tenure time it could provide is 75 days, while the longest tenure is 500 days. The interest rate for the amount you loaned depends on your risk profile and loan tenure. But to give you an overview, its
maximum interest rate is 34.6 % per annum.
Bear in mind, that this app includes processing fee that also varies according to your loan amount and tenure, which can range from 2% to 4.3%.
Convenient and highly protected loan application tool
MudraKwik is a
highly recommended financial
application, especially if you are in badly need of quick and instant money, which will not require many qualifications to meet. Even though it provides a fast and easy process of the loan application, it still ensures that all the transactions performed under this app are highly protected and secured with the most advanced encryption tools.