Poonawalla Fincorp & MobiKwik come together to provide instant personal loans

MobiKwik announced on Monday that it is entering into a strategic partnership with Poonawalla Fincorp, an NBFC arm of the Cyrus Poonawalla Group that focuses on consumer and MSME financing, to offer instant personal loans.

According to the company statement, this collaboration aims to provide millions of Indians with quick access to credit through MobiKwik's ZIP EMI product. The partnership allows users of the MobiKwik app across India to access instant personal loans ranging from INR 50,000 to INR 5,00,000 through ZIP EMI.

These loans are designed to meet various financial needs, such as funding education, medical expenses, travel costs, and other consumption purposes. Users can choose flexible repayment options that range from 6 to 36 months.6 months.
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