MobiKwik Xtra Review | Mobikwik Xtra – (Review, Returns, Products, Founder, Pros & Cons, Comparison, Pricing, Uses, and more).
MobiKwik Xtra Review: If you want to earn a fixed rate of return on your investment which is much more than a bank return then MobiKwik Xtra can be the best platform for you.
This app provides many financial features, including the Xtra feature that helps you get up to 12% return on your investment amount. So in this blog, we will review the Mobikwik Xtra so that you can make a wise financial decision.
By the way, I have tried this feature and I found it pretty good because the return was fixed and it is much more than the Bank FD return. So, if you are also interested in investing in this app, read this blog until the end. Through this blog, I have shared my experience and tried to tell you everything I have faced while using MobiKwik Xtra.
MobiKwik Xtra Review
Mobikwik Xtra is a peer-to-peer lending platform that helps investors get a fixed rate of return which is up to 12% per annum. Currently, a total of 1.5 lakhs are invested around ₹2110 crore, and has already earned 12% returns, which sounds good right? The money is invested securely through an RBI-licensed peer-to-peer NBFC so you can trust it.
Here are some Mobikwik Xtra Reviews, which we have collected from the Xtra’s users –
Shalini Gupta – “MobiKwik Xtra is a secure investment platform that puts users’ fund safety first. With strict security measures and government backing, it ensures peace of mind for investors.“
Vivek Bhardwaj – “Investing in any platform involves risk, and MobiKwik Xtra, being a peer-to-peer lending platform, is no exception. Funds are distributed among various borrowers, typically yielding returns of 8-10%. While it’s considered reliable and safe to invest with them, there’s no guarantee of the safety of invested funds. It’s essential to acknowledge the inherent risk involved. If given the opportunity, I would consider investing but with a limited allocation, mindful of the potential risks.”
Shubhash S – “Yes, MobiKwik Xtra is indeed a safe platform for investment. The company has taken substantial measures to guarantee the security of investors’ funds. Additionally, the platform is regulated by the Reserve Bank of India (RBI) and undergoes regular monitoring by the apex agency“
How to Invest with Mobikwik Xtra
To start investing in Mobikwik Xtra, you need to follow these 5 steps –
- Download the app from the App Store/Play Store
- Create an account in the MobiKwik App by completing your KYC
- Go to MobiKwik Xtra option
- Deposit the minimum amount in Mobikwik Xtra
- You will start getting interest from the next day
Mobikwik Xtra Alternative
There are various alternatives to Mobikwik Xtra which provides the same interest or even more interest rates. Some of the Mobikwik Xtra Alterbatives are –
- 12% Club – 12% Club is a platform that provides up to 12% returns on your investment. This is just similar to Mobikwik Xtra which provides the same returns on your investment.
- Cred Mint – This app is also similar but the return is quite low as compared to Mobikwik Xtra or 12% Club. Cred Mint provides 9 % returns on your investment. So you can consider it if you want to diversify your money.
- Lendbox – Lendbox helps you to earn up to 14% in your investment. This is also a trusted and reputed platform that helps investors to earn a good amount of interest.
- India P2P – It provides up to 16% to 18% of returns on your investment. The working of this app is just similar to the other P2P lending apps.
Mobikwik Xtra Withdrawal Time
Mobikwik Xtra withdrawal time varies according to the situation. Normally it takes up to 24 hours to complete the withdrawal process. But in some cases, it takes up to 48 hours, or in some, it takes 7 days to complete the withdrawal process.
Anyway, in most cases, Mobikwik Xtra takes 24 hours to complete the withdrawal transaction and sometimes it’s done faster than this.
Mobikwik Xtra vs 12% Club
| Basis | Mobikwik Xtra | 12% Club |
|---|---|---|
| Users | 1.5 Lakhs + | 10 Lakhs + |
| Rating | 4.4⭐ | 3.6⭐ |
| Interest rate | It provides up to 12% returns on your investment. Success ratio 100%. | It also provides up to 12% returns on your investment. The success ratio is also 100%. |
| Returns | It takes 24 hours to start generating returns on your investment. | It takes 4 days to start generating returns on your investment. |
| Withdrawal | Withdrawal takes up to 24 hours. | Withdrawal takes up to 48 hours. |
| Limits | Start from ₹1,000 to ₹10,00,000 | Start from ₹1,000 to ₹10,00,000 |
Mobikwik Xtra vs Cred Mint
| Basis | Mobikwik Xtra | Cred Mint |
|---|---|---|
| Users | 1.5 Lakhs + | 1 Lakhs + |
| Rating | 4.4 ⭐ | 4.3 ⭐ |
| Interest rate | MobiKwik provides up to 12% returns on your investment. | Cred Mint provides up to 9% returns on your investment. |
| Returns | It takes 24 hours to start generating returns on your investment. | It also takes 24 hours to start generating returns on your investment. |
| Withdrawal | Withdrawal in Mobikwik takes up to 24 hours | Withdrawal in Cred Mint takes up to 24 hours. |
| Limits | Start from ₹1000 to ₹10,00,000 | Start from ₹1,00,000 to ₹30,00,000 |
Conclusion
MobiKwik Xtra Review – Mobikwik Xtra is generally considered to be a safe investment platform with measures to protect investors’ funds. One user highlights the platform’s emphasis on security and peace of mind for investors, while another acknowledges the inherent risks involved in any investment but still considers MobiKwik Xtra to be a reliable option for a fixed rate of returns.
I hope you enjoyed reading the blog and got to know everything about Mobikwik Xtra Review. If you have any doubt regarding this then you can ask by commenting. That’s all in this post, you can tell us by commenting which topic you want to cover next.
FAQs
Is MobiKwik Xtra is safe?
Yes, MobikWik Xtra is RBI-licensed peer-to-peer NBFC so we can consider it as a safe platform.
Is MobiKwik giving a loan?
Yes, MobiKwik gives loans to highly creditworthy individuals.
What is the minimum amount that I can invest in MobiKwik Xtra?
The minimum amount that you can invest in MobiKwik Xtra is 1000 rupees.
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