MobiKwik partners Poonawalla Fincorp to Launch Instant Personal Loans

 

 

MobiKwik, a leading listed fintech startup, has announced a strategic partnership with Poonawalla Fincorp to roll out instant personal loans for its users through the MobiKwik ZIP EMI platform. This new MobiKwik personal loans feature allows users to access loans ranging from ₹50,000 to ₹15 lakh, with minimal paperwork and rapid disbursal.

The instant loan approval process is designed to offer a seamless borrowing experience, enabling users to complete the entire application digitally on the MobiKwik app. By leveraging advanced credit assessment tools and Poonawalla Fincorp’s robust lending capabilities, the partnership is expected to bring quick, hassle-free credit access to millions of underserved and new-to-credit consumers across India.

With this launch, MobiKwik strengthens its digital personal loan services, making a notable push toward enhancing financial inclusion and catering to the growing demand for flexible, instant personal loans. The company’s ZIP EMI service already enables users to make purchases across partner platforms with zero-cost EMIs, and this new loan offering builds upon that infrastructure by adding a full-fledged personal credit solution.

Ankur Jaipuria, CEO, Lending Business, MobiKwik, stated, “Our collaboration with Poonawalla Fincorp is a pivotal step in democratizing credit access for millions across India. We’re committed to providing financial services that reach people from all walks of life."

Poonawalla Fincorp, known for its tech-driven lending approach, brings its expertise to support secure and scalable credit delivery. The alliance is a win-win for both companies: MobiKwik expands its fintech ecosystem, while Poonawalla Fincorp taps into a digitally active customer base.

Commenting on the launch, Vikas Pandey, Chief Business Officer – Consumer Finance and Head of Digital Marketing at Poonawalla Fincorp, expressed his delight in partnering with MobiKwik. He noted that this collaboration aligns with their mission to provide seamless and convenient financial services across India. 

Both the companies believe that the MobiKwik loan feature will help meet the short-term financial needs of users with speed, transparency, and convenience. This collaboration underscores the growing convergence between fintech platforms and traditional lenders, as they work together to digitize and democratize financial services across the country.