Super duper interest of 12.99% in Mobikwik Xtra Plus
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If you invest in Mobikwik Xtra, then the interest you get at the rate of 12 percent is added to your account every day. You can also withdraw that money at any time. On the other hand, you can earn 12.99 percent interest by investing in Xtra Plus, but the lock-in period is 3 months.
Who can invest in Mobikwik Xtra or Xtra Plus?
Any Indian above 18 years of age with PAN card and Indian bank account can invest in it. NRIs can invest in it through their NRO bank account.
Are there any charges for investing in Mobikwik Xtra or Xtra Plus?
No, there are no charges for deposit or withdrawal in Mobikwik Xtra. There is no investment fee for investing in Mobikwik Xtra Plus. In Mobikwik Xtra Plus, there is no interest for withdrawing money before 30 days and up to 8% interest for withdrawing money before maturity.
How much investment required
Investing in Mobikwik Xtra or Xtra Plus can start with as low as Rs 1000. You can invest up to Rs 10 lakh in this. If you want to increase your investment more than 10 lakh rupees then you have to contact Mobikwik team. According to RBI guidelines, a net worth certificate will be required for investing more than Rs 10 lakh.
How safe is investing in P2P lending platforms?
Many P2P investing platforms in the country are regulated by the RBI. However, there is a risk in this investment as well. In such a situation, one should invest wisely.
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.any review on this . anyone invested. is it safer than Cred
Almost all have the same risk hence Go for the highest return.
“partnered with RBI regulated P2P investing platform Lendbox”
Look closely , MobiKwik has no regulations and lendbox wont ever entertain any direct queries for investments done through MobiKwik.
MobiKwik is just using the term RBI to gain our trust. I know this is not wrong, just be careful before you leap.
one should invest wisely=100%risk
Once enough money is invested Mobikwik show this line😄
+1..
Can't trust mobikwik for single rupee.. they are worst in terms of changing t&c and downgrading offers
Bhartpe have more trusted and customer than this..
Still??
For 12% return, the risk is too high with these P2P apps. My suggestion, open a demat account and buy a small case of good managers like Deepak Shenoy, Prashant Krish, Amit Kumar Gupta or whomever you trust.
25 din me paisa dabal
@ 12%, Paisa double hoga 3000 din mein, if not reinvested, matlab poore 8years and 3months
Jst 4% more than fd . Fd provides 9% and 5 lakh is secured by RBI. Without any risk. So btr invest in fd. 9% in small finance banks
upto?
How do PPL forget that they have to pay tax on this, usually 20-30% . Then how is this better than fd
You would also be paying tax on interest earned on FD.
10 lakh in FD: interest @ 9% = Rs 90,000
Tax on 90000 (if in highest bracket) = Rs. 27000
Net income = Rs.90000-Rs.27000 = Rs. 63000
10 lakh @ 13% interest = Rs. 1,30,000
Tax (@30%) = Rs. 39,000
Net earning = Rs 130000-Rs.39000 = Rs. 91,000
So, even after tax its Rs.63000 vs Rs.91,000
No role of tax here. Higher earning, higher tax but higher net income too.
P2P lending is highly risky & complex.
Most people don't understand lending & P2P lending. P2P lenders & these new-age players are just fooling their investors. In P2P lending, you should expect atleast a return of 14-18% on your portfolio, else it's not worth considering the high risk.
A 5-7% default (NPA) in P2P lending is normal, so for every Rs 100 invested, you will lose Rs 5. The remaining Rs 95 is what helps you earn interest. So, even if your balance portfolio earns 12% (which is unlikely with these new age players; note that they say "upto 12%"), you will make 106.4. So overall just 6.4%!!! And if your default rate hits 10%, you will only make 100.8 at 12% return!! One of the reasons why P2P lending not picked up in so many years & despite RBI giving out licenses!
Real problem is borrower underwriting+due-diligence & recovery mechanism. P2P lenders need excellence on these 2 parameters, but seemingly all p2p lenders are failing on this!!!
If you still want to invest thru P2P, rather do it directly on the P2p platforms instead of these new age players. Choose your platform wisely!
You are basically giving loan to mobikwik. There no guarantee they will ever pay you back since they are all in losses 
How would you consume Supercash? There is a validity clause in SC, but interest can be transferred to bank and use as per our wish
Meri Anuradha aisi hai
Gold yearly return is nearly at 18% right now investment in this shit will be a loss
IndiaP2P gives 16 to 18% return i think
Did someone invest into India P2P?
I personally invested 50000 in this
When did u invest and how are the returns. Did you get exactly 12% or 12.99% ?
How much time will mobikwik take to reflect deposit in xtra flexi? Its been 1 hour since debiting bank account but nothing showing in xtra
It usually shows up almost instantly, the earning would begin from the third day though
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How is 12% club? Is it safe as compared to this mobikwik
All are risky. However the probability of risk is low, but when shit hits you should be ready to lose your Money.
Put 5-10% of your investment money .
For 12% return, the risk is too high with these P2P apps. My suggestion, open a demat account and buy a small case of good managers like Deepak Shenoy, Prashant Krish, Amit Kumar Gupta or whomever you trust.