One Mobikwik Systems Limited — Updates, 21-04-2025: Press Release

MobiKwik has entered a strategic partnership with Poonawalla Fincorp to offer instant personal loans through its app, enhancing accessibility to credit across India. This collaboration aims to provide tailored loans ranging from INR 50,000 to INR 15,00,000 for various financial needs, such as education and medical expenses, with repayment options between 6 to 36 months. The quick approval process and minimal documentation will cater to a diverse user base, particularly in Tier 2 and Tier 3 cities. Users can strengthen their credit scores by making timely repayments. This initiative positions MobiKwik to significantly expand its financial services, aligning with its commitment to financial inclusion and growth in underserved markets. The partnership reflects a strong commitment to responsible lending and aims to bolster economic development in India.