Mobikwik Launched “Buy now pay later” Zip by mobikwik. Get upto 5k in your wallet for spending and pay after 15 days.

• Zip is a premium product, which is only available to a limited set of users. Its approval or rejection is based on the data shared by the applicant/User. Further to this, the approved credit limit is specific to every individual user.
• Zip is a FREE to use product which can be used within the MobiKwik App & on all merchants that accept MobiKwik as a payment option.
• Invoice for the used amount will be generated on every 16th of same month & 1st. of next month in that order. User to repay the same within 5 days from the date of generation of invoice.

How to activate mobikwik Zip:-

• Do not have Mobikwik app. Click here
• Existing user, Update your Mobikwik app.
• Signup/Login with your mobile number.
• A popup menu appear to activate zip.

• Or You will find below image to activate zip.

• Now click on Zip icon and follow required process for successful activation of zip credit up to Rs.5000.

Details on Zip:-

• Invoice for the used amount will be generated on every 16th of same month & 1st. of next month in that order. User to repay the same within 5 days from the date of generation of invoice.
• If the amount of invoice is not paid by User by due date, delay penalties will be applicable based on the amount due & the number of unpaid days as below (With effect from Dec1,2019)

• After on-time repayment of the invoice the utilized amount will become available for re-use in the next invoice cycle.
• Mobikwik retains the right to change this penalty matrix and the same shall be updated on the Mobikwik application, without any further notice to the User.
• Zip credit is provided as a credit line, and your identity, may be reported to bureaus such as CIBIL.
• In case a user delays the repayment by more than a month, it will be reported to the bureaus for non-payment. This will adversely impact the user’s credit score, thus reducing the user’s chances of credit and loan approvals in future.
• Limit of this facility will be frozen if customer fails to make payment by the due date and no further transaction will be allowed using this facility.
• MobiKwik has the right to settle of the dues of User against the MobiKwik.
• For details on terms & conditions follow mobikwik app.