MobiKwik Xtra - Get 12.99% annual returns on investment | Withdraw Money Anytime

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MobiKwik Xtra Daily Return on Investment

MobiKwik has introduced this investment product in collaboration with Transactree Technologies Pvt Ltd, one of India's largest and oldest P2P licensed NBFCs.

P2P lending organisations can provide small ticket loans for shorter terms to high creditworthiness customers thanks to technological intervention and sophisticated algorithms. With the use of technology, an investment of as little as Rs 1000 can be transferred among more than 100 borrowers, therefore diversifying risk. The interest money received by borrowers is returned to investors.

What actually is MobiKwik Xtra?

Xtra is an investment that allows you to earn up to 12% per year by lending directly to creditworthy customers. This is accomplished using Lendbox, an RBI-regulated peer-to-peer investing platform (Transactree Technologies Pvt Ltd)

Comparison between Flexi and Plus Plans

Xtra can be purchased using the Flexi or Plus options.

  • Flexi investments pay up to 12% p.a. and have no lock-in period. The user can withdraw at any moment without incurring any fees.
  • Plus is a fixed-term investment option that pays up to 12.99% p.a. Currently, the investment lock-in periods are 3, 6, 9, and 12 months. Premature withdrawal might result in a loss of interest in this type of investment.

How much money can I invest?

You may start investing with as little as Rs. 1,000 and work your way up to Rs. 10 lacs. If you wish to expand your investment above Rs. 10 lacs, please contact us and we will gladly assist you. A net worth certificate is required by RBI standards for anyone investing more than Rs. 10 lacs.

What documents do I need to invest in Xtra?

There is no need for further documents if you have already completed KYC with MobiKwik. If not, all you need to do is complete PAN and Aadhar-based Verification to start investing with Xtra.

How to Get 12.99% annual returns on investment from MobiKwik Xtra

  1. Download Mobikwik App
  2. Login or Signup Your Account
  3. If you are New User then Complete KYC First
  4. Now from Dashboard Find Xtra Option or Banner
  5. Scroll down if you don't find it.
  6. Choose the Flexi Investment option and Invest a Minimum of Rs. 5000 for a new user referral Bonus
  7. Use This referral code on the bottom: XKU925
  8. Now Complete the payout and see your money growing
  9. You must hold an investment of Rs. 5000 for at least 7 days for a referral bonus.
  10. You can reinvest in any plan if you wish to. The maximum amount you can invest is 10 lacs

How secure is the money invested?

Your funds are channelled directly through an escrow (3rd party) bank account controlled by an independent trustee, and the funds may only be utilised to lend to borrowers.

Are the 12% annual returns guaranteed?

While there is no guarantee of 12% every year, Lendbox risk research has shown that this figure is likely since the risk of default from creditworthy Lendbox borrowers is relatively low. We collaborate closely with our partner to analyse their risk models on a regular basis, ensuring low risk for investors.

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