Mobikwik : Leading Loan and payment service provider | Review, pros & cons

Hi guys i hope you are safe and today i am going to do a review of mobikwik loan and payment service provider which is now very popular. They are providing lots of payment related services in their platform.

You can use it in app version and web version as well. I am personally using mobikwik payment service from the 1.5 years and it is good. But here i will cover negative points as well.

As i said mobikwik is very popular and competitor of paytm. Mobikwik has own coin (not a crypto) that name is supercash. Whenever you purchase something like bill payment, mobile recharge or shop something then you will get discount on every purchase in supercash.

Yyou can redeem that supercash in next purchase and scratching. And this model is not a highly successful model but we can say average. because redemption percentage is low. but still people getting benefit so they are using it.

People prefer to recharge and pay bill from here because of this reason. The most successful service of mobikwik is it's high amount loan You can say that this is highly successful service.

As i said loan service is very great and people taking it but as a mobikwik loan user i am not recommend you to take this loan. There many charges that you have to pay first is high NACH charges that will be deducted 3-4 times in a month if you have missed any EMI.

Second thing is it's interest rate is 25% yearly and i think this is high. I prefer maximum 15% interest rate. So recommend you bank loan. Not only this but file charge is also high so that mean you will recieve less amount in your total.

As i said above, supercash redemption is little tricky and limited. So that mean if you are not able to spend your total supercash then this is gonna be a bad thing for the users.

►Stay safe & have a nice day !

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