For example: If the loan amount is ?50,000 and the interest rate is 30% per annum with the tenure of 75 days, after deducting the processing fee, the interest payable is as follows :
Interest = ? 50,000 * 30% / 365 * 75 = ? 3082.
Processing Fee: It varies according to the loan amount and tenure. It varies from 2% to 4.3%
Example: For 1000 rs loan processing fee is Rs.42.38+GST

Why Mudrakwik?
1. No credit history required.
2. Paperless and digital process on your mobile.
3. Get 24x7 access to loan anytime and anywhere.
4. Complete automated process using MI/ML
5. Disbursal in less than 5 minutes.
6. Available pan India.
7. No minimum salary criteria.


Eligibility:
1. Indian Resident.
2. 18-45 years old.
3. Regular monthly income.
4.Only salaried can apply.

How it works?
1. Install the Mudrakwik APP from the Play Store.
2. Register an account.
3. Fill out your basic information, then submit the application.
4. Instant approval and money gets deposited in your bank in less than 5 minutes.

Security:
All the transactions are secured via a 256-bit SSL encryption. All the data are transferred over secured connections. We do not share your data with any third parties without your consent. Your data is totally safe with us.