The saying money makes the world go round never fails to hold good on any given day especially in context to current times. We all are aware about the sky high prices and impact of inflation on our day to day life and under such circumstances we need loan lending institutions that can save us from this ordeal. Friends in our today’s post we are presenting you with a brilliant application called “MudraKwik – Instant Loan App”.
This “MudraKwik – Instant Loan App” is a best application that you can rely on when it comes to meet your personal loan needs anywhere and anytime and that too with a simple tap on your mobile device. “MudraKwik – Instant Loan App” directly transfers amount in your bank account as soon as it is approved.
Minimum and Maximum Loan Limit with MudraKwik Loan
A loan from Rs. 1000 to Rs. 5 lakh can be obtained using the MudraKwik – Instant Loan App by using your mobile. In other words, if you want to apply for a loan from this organisation, you must request a loan for at least a thousand rupees and a maximum of Rs 5 lakhs.
Tenure/ Time to repay MudraKwik loan
Tenure or the time period that you get to repay loan will be a minimum of 90 days and a maximum of 500 days. To put it another way, this organisation will provide you a minimum of 90 days and a maximum of 500 days to repay the loan balance.
MudraKwik Loan’s interest rate
For calculating rate of interest, the MudraKwik – Instant Loan App will use your credit score. Greater the score lesser is the interest rate charged. However, MudraKwik – Instant Loan App charges maximum of 34% interest rate. Therefore, if you want to borrow money from this firm, you must ensure that your credit score is high so that MudraKwik – Instant Loan App can offer you a loan with a low interest rate.
Essential documents to apply for MudraKwik Loan
Like any other company “MudraKwik Loan” app too will ask for certain documents from you in order to process your loan application. Documents required for loan application include
- Aadhar Card – A corporation will obtain some of your information through the use of your Aadhar card.
- PAN Card’s number will be used to verify your address and other bank related information.
- MudraKwik – Instant Loan App will be able to determine your salary amount with the aid of your pay slip.
Eligibility Criteria for MudraKwik Loan
Like other companies even MudraKwik – Instant Loan App has certain terms and conditions that are required to be fulfilled if the applicant is interested in taking loan from them. So the eligibility criteria for loan includes :
- You should be a citizen of India.
- You must be between the ages of 18 and 45; if you are younger than 18 or older than 45, this company will not grant you a loan. In case, you are borrowing loan on behalf of another person, make sure that person is also between the ages of 18 and 45.
- You need to have a regular source of money. This is essential since the lender will grant you a loan based on whether or not you have any permanent source of income to repay the debt.
- The most important thing to know if you want to apply for a loan from this organisation is that it only provides loans to those who are employed, that is, paid a wage. It does not provide loans to self-employed individuals.
So dear friends, with this we come to an end to yet another exciting post that introduced us to the one of the best and easiest loan lending company called ” MudraKwik Loan “. For your convenience, we have given you with comprehensive information on the necessary paperwork, eligibility requirements, and other details. Please write to us or leave a comment below if you have any additional questions about MudraKwik Loan or any other ideas. We’ll see you in our next post till then happy livi