Boost: MobiKwik’s new product to offer instant loan within 90 seconds

Boost: MobiKwik’s new product to offer instant loan within 90 seconds

Boost: MobiKwik’s new product to offer instant loan within 90 seconds

MobiKwik launched an instant loan approval and disbursal product called ‘Boost’. According to the offer loans up to Rs. 60,000 are sanctioned as well as disbursed in a matter of 90 seconds.

The approval time for the loan would be 30 seconds, on the basis of an innovative risk scoring model called 'Mobiscore.

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Users can apply for loans ranging from Rs. 5,000 up to Rs 60,000 through MobiKwik app and the users will have the option to transfer the amount in their bank accounts.
 

The loan amount is payable in easy installments of 6 and 9 months. MobiKwik is the first wallet player to disburse loan amount in the user's mobile wallet.