MobiKwik Partners with Poonawalla Fincorp to Offer Instant Personal Loans up to ₹15 Lakh via ZIP EMI

MobiKwik and Poonawalla Fincorp Join Forces to Unlock Instant Credit for Millions of Indians

In a significant move to enhance financial inclusion and improve access to credit, MobiKwik on Monday announced a strategic partnership with Poonawalla Fincorp, a non-banking financial company (NBFC) promoted by the Cyrus Poonawalla Group, with a strong focus on Consumer and MSME lending.

Through this collaboration, the two companies aim to democratize access to personal credit across India via MobiKwik’s ZIP EMI platform. The partnership empowers users across the country to avail instant personal loans ranging from ₹50,000 to ₹15,00,000, offering a seamless borrowing experience with minimal paperwork and real-time disbursals.

The loans are tailored to support a wide array of financial needs—including education, medical expenses, travel, and everyday consumption—with flexible repayment tenures from 6 to 36 months, catering to diverse financial situations.

“By integrating our loan origination and servicing process with MobiKwik’s extensive digital ecosystem, we are tapping into its strong presence across Tier 2, Tier 3 cities, and beyond,” said Vikas Pandey, Chief Business Officer – Consumer Finance and Head of Digital Marketing at Poonawalla Fincorp.
“This strategic alignment underscores our commitment to responsible lending while driving financial empowerment and economic growth throughout India.”

Additionally, the offering supports credit score building by encouraging timely repayments, thereby helping users unlock eligibility for higher loan amounts in the future.

With this initiative, MobiKwik and Poonawalla Fincorp are paving the way for a more digitally inclusive credit landscape, aligning with the broader vision of financial empowerment through technology.