Get Farm Loans up to Rs 60,000 in Seconds; Know How?

In today's time, everybody wants to enhance their business either in farming or in any other sector and make a growth in their financial status. Sometimes it becomes really urgent at some point in life to take a loan to grow a business, or solve a financial crisis or enhance income ways. However, there are lots of people who have a lot of earning ideas but not have enough money, nor have the courage to follow a long process to avail of a loan from banks. Hence, in this article, we will tell you how to get a loan in a short duration. By following the method, you will be able to avail of a loan in just 90 seconds.

Pronami Chetia Updated 7 January, 2020 3:02 PM IST

In today's time, everybody wants to enhance their business either in farming or in any other sector and make a growth in their financial status. Sometimes it becomes really urgent at some point in life to take a loan to grow a business, or solve a financial crisis or enhance income ways. However, there are lots of people who have a lot of earning ideas but not have enough money, nor have the courage to follow a long process to avail a loan from banks. Hence, in this article, we will tell you how to get a loan in a short duration. By following the method, you will be able to avail a loan in just 90 seconds.

How to Take a Loan from Mobikwik?

To get a loan, you first need to download the mobile payment app MobiKwik. This app will provide you an instant loan of up to Rs 60,000 in less than 2 minutes. According to Bipin Preet Singh, the co-founder, and CEO of this app, "MobiKwik loan gives you credit only after checking the credit history of the customer.”

Although its interest rate starts at around 15 percent, its interest rate has not been fixed for everyone. When the customer applies for a loan, only then its interest rate is generated. After getting the loan, you can also transfer it directly to your bank account.

How to apply for a Loan?

Mobikwik loan offers you a maximum loan up to Rs 60,000, which you can make an auto payment with the help of EMI. To take this loan, you need to have your own PAN card and Aadhaar card. Along with this, it is also very important to have KYC of your MobiKwik account. You cannot apply for this loan without KYC. The biggest advantage of taking a loan from this app is that you don’t need to submit any paper documents for it.

Required Documents

You can avail a loan from Rs 10,000 to a maximum of Rs 60,000 through this app. For this, you will have to give information about your PAN card and Aadhaar card. The loan amount will be credited to your MobiKwik wallet which you can send to your bank account later.

KYC of your mobile account is mandatory for the loan. You can auto-pay the loan amount through EMI.

First published on: 07 Jan 2020, 13:58 IST

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