MobiKwik Joins Forces with Piramal Finance to Offer Personal Loans

One MobiKwik Systems Limited has announced a strategic partnership with Piramal Capital & Housing Finance Ltd (Piramal Finance) to offer personal loans to MobiKwik customers.

Details of the Collaboration

This collaboration aims to enhance access to affordable credit, addressing the diverse financial needs of individuals across India.

Through this partnership, MobiKwik users can now seamlessly apply for personal loans directly via the platform. These loans are designed to cater to a wide range of financial requirements, such as funding education, covering medical expenses, financing travel, and other personal needs. The initiative highlights both companies’ commitment to improving financial inclusion by leveraging digital innovation.

The personal loan offering is accessible to MobiKwik app users across India, with loan amounts ranging from ₹50,000 to ₹2,00,000. Eligible users must have a monthly income of at least ₹25,000 and fall within the age bracket of 23 to 55 years. Loan tenures are flexible, starting at six months and extending up to 24 months, making it a convenient option for customers seeking short- to medium-term financial solutions.

This partnership aligns with MobiKwik’s mission to drive financial inclusion by introducing innovative credit products. It represents a significant step toward making credit more accessible and affordable for customers nationwide.

Commenting on this partnership, the Co-Founder and MD of MobiKwik, Bipin Preet Singh, stated, “At MobiKwik, we have always strived to empower our customers with innovative financial products. Our partnership with Piramal Finance marks a significant step towards addressing the credit needs of millions of Indians. By combining Piramal Finance’s expertise in financial services with MobiKwik’s digital platform, we are confident of creating a seamless experience for our users.”

On January 17, 2025, MobiKwik share price opened at ₹477.00, touching the day’s low at ₹467.35, as of 9:33 AM on the NSE.

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