Mudrakwik Instant Loan 2022

AFINOZ.COM is an online financial marketplace for customized rate quotes on loans and investment products in India. The company is owned by DS Finworld Pvt. Ltd.

Mudrakwik Instant Loan 2022 Highlights

Mudrakwik is India’s first truly instant loan application. Loan Amount: From ₹ 1,000 to 5,00,000. Tenure: the shortest tenure is 75 days, the longest tenure is 500 days.


MudraKwik offers payday loans to the borrowers up to ₹ 5 lakh. The applicant can download the app and apply for an instant loan. The best part of the MudraKwik is that it gives instant loans without seeing the credit history of the borrower, and there is no minimum salary restriction to get an instant cash loan. Once you take the payday loan from MudraKwik, you can repay it in easy EMIs.


Features and Benefits of MudraKwik Loan

  • Loan Without Credit History: Most of the time lender sees credit history to entertain any personal loan application, but at MudraKwik, you don't need to show credit history as it approves loan up to ₹ 5 lakh without seeing your credit history.
  • Paperless Application Process: All the loan applications at MudraKwik processed digitally, hence there is no human intervention required, and you get a seamless online application experience.
  • Pan India Availability:  Whether you live in tier 1 or tier 3 city, you can get instant cash loans from MudraKwik at ease. In contrast to that, some lenders offer their services in some selected cities. 
  • No Minimum Salary Criteria: Generally, lenders require minimum salary as a part of their Instant Personal Loan eligibility criteria, but at MudraKwik, there is no such restriction. If a person is salaried, he can avail MudraKwik instant cash loan.

MudraKwik Personal Loan Interest Rate, Processing Fee, And the Loan Tenure

Lenders Name


Interest Rate

Up to 34.6% p.a.

Processing Fee

2% - 4.3%

Loan Amount

₹ 10,00 to ₹ 5,00,000

Loan Tenure

75-500 days 

Eligibility Criteria to Avail MudraKwik Personal Loan

  • The applicant should be an Indian resident.
  • The age of the applicant should be between 18—45 years.
  • The applicant should be a salaried person.
  • The applicant should have a regular income.

Documents Required for MudraKwik Personal Loan

  • PAN Card
  • Identity proof – Aadhar Card
  • Address proof- Aadhar card/ Voters ID card/Passport/
  • Bank details- Account number/ IFSC code/
  • Your photo

MudraKwik Loan EMI Calculation

MudraKwik offers payday loans up to Rs ₹ 1 lakh instantly, but before taking a personal loan, you must calculate your EMIs to plan your repayment conveniently. The best part of the EMI calculator is that you can try different variations until you get satisfied. 

The tool is free and straightforward to use. By entering your loan amount, interest rate, and the desired loan tenure, you can see the results. After entering your details when you hit the calculate button, you will see the number of monthly installments, total interest, and the total amount (Principal loan amount + overall interest). To know more about the EMI calculator, see the example below.

Suppose you take a loan of ₹ 50,000 at an interest rate of 30% p.a for six months from MudraKwik, then the EMI calculator will show you similar results, as shown in the table below.

Loan Amount

₹ 50,000

Interest Rate

30% p.a.


6 months









₹ 7,827

₹ 1,250

₹ 9,077

₹ 42,173



₹ 8,023

₹ 1,054

₹ 9,077

₹ 34,149



₹ 8,224

₹ 854

₹ 9,077

₹ 25,926



₹ 8,429

₹ 648

₹ 9,077

₹ 17,496



₹ 8,640

₹ 437

₹ 9,077

₹ 8,856



₹ 8,856

₹ 221

₹ 9,077

₹ 0



How to Use MudraKwik Loan App

  1. Download the MudraKwik instant personal loan app from the play store.
  2. Open the application and register an account.
  3. Enter your necessary information and submit your loan application.
  4. After getting the approval, the money gets transferred to your bank account within a few minutes.

MudraKwik Customer Care

  1. In case of any inconvenience, you can reach out to the MudraKwik customer care in the following ways: 
  2. Email:
  3. MudraKwik customer care number: +918956039999
  4. Address: 509, Stellar Spaces, Kharadi, Pune - 411014

➤ FAQs

Ques. What is a payday loan?

It's a kind of personal loan which is given for short-term fund usage. The loans provided by the MudraKwik are payday loans.

Ques. Does MudraKwik provide instant cash loans to self-employed individuals?

Currently, MudraKwik offers instant cash loans to salaried individuals. However, there is no minimum salary restriction to get a personal loan.

Ques. Does MudraKwik help in building the CIBIL score?

If you repay your loans on time, the MudraKwik platform helps you improve your CIBIL score. However, it does not see your credit history at the time of lending a personal loan.

Ques. What is the process of applying for a personal loan at MudraKwik?

By downloading the MudraKwik app on your smartphone, you can apply for an instant personal loan. For more details, read the full steps and eligibility criteria.