MudraKwik - Instant Loan App, or simply MudraKwik, is a finance application. Developed by Mudrakwik Fintech Pvt. Ltd., the app is India’s first instant loan software. It allows users to conduct a paperless and completely automated process of loans using MI/ML. All transactions operated under this tool are safeguarded via a 256-bit SSL encryption, which means all the data are transferred over secured connections. On top of that, the developers guarantee it doesn’t share your data with third parties without your consent.

Loan anytime, anywhere

MudraKwik allows you to get 24/7 access, enabling you to apply for a loan anytime and anywhere. This financial app doesn’t require many qualifications to apply for a loan. With this, your loan can be approved, even when you don’t have any credit history. You are also not compelled to meet any minimum salary. Of course, you still need to prove your eligibility as a loaner. You must be an Indian resident, age 18 to 45 years old, with regular monthly income.

If you meet the eligibility requirement, you can then register for an account using the app. To do so, you only need to fill out all the necessary information. The app processes your application immediately and can even approve it quickly, provided you give the correct documents and information. The disbursement of money will only take five minutes or less and will be deposited in your bank account.

You can loan amount from ₹1,000 to ₹5,00,000. The short tenure time it could provide is 75 days, while the longest tenure is 500 days. The interest rate for the amount you loaned depends on your risk profile and loan tenure. But to give you an overview, its maximum interest rate is 34.6 % per annum. Bear in mind, that this app includes processing fee that also varies according to your loan amount and tenure, which can range from 2% to 4.3%.

Convenient and highly protected loan application tool

MudraKwik is a highly recommended financial application, especially if you are in badly need of quick and instant money, which will not require many qualifications to meet. Even though it provides a fast and easy process of the loan application, it still ensures that all the transactions performed under this app are highly protected and secured with the most advanced encryption tools.