Mobikwik Launched “Buy now pay later” Zip by mobikwik. Get upto 60k in your wallet for spending and pay after 15 days.

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  • ZIP Pay Later is a special small credit offering by MobiKwik. ZIP pay later option enables users to get up to Rs 60,000 which can be used to pay bills, shop for clothes, groceries, electronics, order foods, medicines and much more. With ZIP, users can essentially shop at 1 Lakh+ brands simply from the comfort of their home using MobiKwik and just pay later. ZIP is applicable on brands across the country like Swiggy, Zomato, Flipkart, Myntra, Pharmeasy and others.
  • ZIP Pay Later loan equips users with up to Rs 60,000 at 0% interest* which can be used at their favourite brands to shop, order groceries, medicines, food, pay bills and much more. The ZIP balance can be checked by simply clicking on ZIP icon. The ZIP bill is generated twice a month, every 15 days. ZIP is one of the special Pay later options in which the credit allowance increases as the usage increases. So for example, a user might be disbursed just Rs 5000, but if they keep repaying the ZIP bill on time, their credit limit increases and can go up till anywhere up to Rs 60,000.
  • One time, non refundable activation fee ranging between Rs.99 to Rs.399 exclusive of applicable taxes, if any, shall be applicable after Zip has been used to pay for the first time, and the first bill has been generated.
  • 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 Get Started and follow required process for successful activation of zip credit up to Rs.60000.

Details on Zip:-

  • Invoice for the amount used will be generated on every 16th of the same month & 1st of the next month. User to repay the same within 5 days from the date of generation of the invoice. If the invoice amount is not paid by the user till the due date, delay penalties will be applicable based on the amount due & the number of unpaid days as below (With effect from May 11, 2022).
  • Please note that the penalty amount is calculated at the time of bill generation & based on that penalty the slab is decided.
  • 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 users
  • Zip credit is provided as a credit line via one of MobiKwik’s lending partners. You consent to MobiKwik sharing your basic details with its lending partners who reserve the right to use such information without notice or without any consent, to approach, make enquiries, obtain information, from any person including other banks/finance entities/credit bureaus, to assess your track record, credit risk, or for establishing contact with the borrower.
  • MobiKwik has the right to settle off the dues of the user through any authorized and available payment instrument.
  • MobiKwik has the right to nullify the entire SuperCash balance from the user if the customer fails to make payment by the due date.
  • MobiKwik and/or its loan partner will share the repayment schedule of the line with the User and the User agrees to abide/agree to it.
  • 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.
  • The validity of the Zip by Mobikwik account is 1 year and is subject to auto renewal after one year.
  • 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.

48 thoughts on “Mobikwik Launched “Buy now pay later” Zip by mobikwik. Get upto 60k in your wallet for spending and pay after 15 days.”

  8. मैने mobikwik का उपयोग एक बार गलती से हो गया है जिससे 149 का रिचार्ज हो गया था।
    उसका भुगतान 248 मेने कर दिया है इसके बाद मुझे उसका उपयोग नही करना है मुझे क्या करना चाहिए

    Reply

  10. Hi I am Nikhil Puranik , i was used pay zip wallet from last six month .Regular payment made from my side every time. Problem is Pay zip provide us INR 5000 used for selective portal only and not transfer this into our bank account.

    So i use some of amount for Recharge , earlier i took all of INR 5000 from Pay zip later to Zip wallet and used INR 1300 Remain INR 3700 still in Zip wallet .

    As every time unused amount i pay return back to Pay zip Later main a/c for closed generated bill but i want happen this time bcos they change the system and nowINR 3700 stuck in zip wallet.

    Reply

    • 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.

      Reply

  13. Dear sir,
    My Zip account due clear 15/04/21, and re use 15/05/21, zip account clear 21/04/21.but my zip account block why.

    Reply

  14. I have a doubt that if I order something from Amazon/flipkart and paid through zip. And then if I want to cancel the order will my due that got generated will be cleared automatically??

    Reply

  17. when i used zip its says your request in a que we will let you know once your account is activated. how much time it will take for this process.

    Reply

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