MobiKwik, India’s leading digital wallet offering various payment and financial services, has announced a strategic collaboration with Piramal Capital & Housing Finance Ltd. (Piramal Finance) to provide personal loans to its users. This partnership aims to enhance access to affordable credit solutions for MobiKwik customers.
With this collaboration, MobiKwik users can now easily apply for and access personal loans through the platform. The loans are designed to meet various financial needs, including education, medical expenses, travel, and other personal costs.
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Bipin Preet Singh, Co-Founder and MD, MobiKwik, commented about the partnership saying, “At MobiKwik, we have always strived to empower our customers with innovative financial products. Our partnership with Piramal Finance marks a significant step towards addressing the credit needs of millions of Indians. By combining Piramal Finance’s expertise in financial services with MobiKwik’s digital platform, we are confident of creating a seamless experience for our users.”
Available across India, users can apply for ZIP EMI loans ranging from INR 50,000 to INR 2,00,000. To qualify, applicants must have an income exceeding INR 25,000 and be between the ages of 23 and 55. The loan tenure ranges from 6 to 24 months.
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This collaboration aligns with MobiKwik’s vision of driving financial inclusion by leveraging digital innovation. Along with our partners, we aim to make credit more accessible and affordable for customers across India by introducing new and innovative products to the market.
About Piramal Finance
Piramal Capital & Housing Finance Limited (Piramal Finance), a wholly owned subsidiary of Piramal Enterprises Limited (flagship company of the Piramal Group), is a leading Non-Banking Financial Company – Housing Finance Company (NBFC-HFC) engaged in retail and wholesale lending.
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About MobiKwik
One MobiKwik Systems Ltd. (MobiKwik) is India’s largest digital wallet that offers a wide range of payments and financial products to both consumers and merchants.
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