Mudraboxx and Dhanwalle are the same company, on two websites, with two different advertised price ranges.
Last updated 29 July 2026. Quoted pages read on 29 July 2026.
Vanshika Micro Credit is a company licensed under section 8 of the Companies Act, 2013, incorporated on 15 July 2016, CIN U65999UP2016NPL084907.
Is Mudraboxx safe, genuine or legit?
Mudraboxx is a live brand. Its own pages state that it is operated by Vanshika Micro Credit, incorporated 15 July 2016, CIN U65999UP2016NPL084907 — the same company that operates Dhanwalle. Whether Mudraboxx is safe is a judgement each borrower makes. As fact: the two brands advertise different rate ranges on their own homepages, read 29 July 2026.
Is Mudraboxx RBI registered?
Mudraboxx's own pages state: “Mudraboxx is operated by Vanshika Micro Credit, a Section 8 company registered under the Companies Act, 2013 and exempted under Chapter III of the RBI Act, 1934.” Dhanwalle's Fair Practice Code, for the same company, states: “Vanshika Micro Credit is a non-deposit taking Non-Banking Finance Company.” Both were live on 29 July 2026. This page does not resolve which is correct and makes no statement about whether Vanshika Micro Credit is or is not registered. Search the Reserve Bank of India's own published list for the company name, not the brand name.
“Mudraboxx is operated by Vanshika Micro Credit, a Section 8 company registered under the Companies Act, 2013 and exempted under Chapter III of the RBI Act, 1934.”
The Dhanwalle privacy policy says “Chapter III-B, 1934”; this page says “Chapter III of the RBI Act, 1934”. Both are reproduced exactly as published. This site does not resolve which is correct.
“Vanshika Micro Credit is a non-deposit taking Non-Banking Finance Company.”
These statements describe the company in different terms. This page does not resolve which is correct.
loantrap.org has not searched the Reserve Bank's list and makes no statement about whether Vanshika Micro Credit appears on it.
What is Mudraboxx's interest rate?
Mudraboxx's homepage advertises a “Rate of Interest” of “Min 6%” to “Max 36%”, loans from “Rs. 5K” to “Rs. 10L”, and tenures from “3 months” to “72 months”, read 29 July 2026. Dhanwalle, operated by the same company, advertises “APR: 15% - 35%” on its homepage, and its Terms and Conditions define APR as “APR (200 to 365%)”.
| Loan amount | Rs. 5K to Rs. 10L |
| Rate of Interest | Min 6% to Max 36% |
| Tenure | 3 months to 72 months |
| Calculator, as displayed | Principal Rs. 30,000 · Interest Rs. 2,663 · Total Payable Rs. 32,663 · EMI Rs. 2,722 for 12 months |
Who owns Mudraboxx? Which company is behind it?
Mudraboxx is operated by Vanshika Micro Credit, CIN U65999UP2016NPL084907, incorporated 15 July 2016 at RoC Kanpur, on the site's own statement. The same company operates Dhanwalle. A search of the MCA company-name index on 29 July 2026 returned no company named “Mudraboxx”. Trading under a brand name is common and lawful, but a borrower checking any register must search the company name.
How do I file a complaint against Mudraboxx?
Complaints can be filed on the Reserve Bank of India's Sachet portal at sachet.rbi.org.in and its Complaint Management System at cms.rbi.org.in. Conduct involving threats, abuse or misuse of phone data can be reported on the National Cyber Crime Reporting Portal at cybercrime.gov.in, or by calling 1930. Keep dated screenshots of every call, message and email.
- • RBI Sachet — sachet.rbi.org.in — to report an entity or an unlawful lending practice.
- • RBI Complaint Management System — cms.rbi.org.in — the RBI Ombudsman, through the Centralised Receipt and Processing Centre (CRPC), after first raising the complaint with the lender’s grievance officer and allowing 30 days.
- • National Cyber Crime Reporting Portal — cybercrime.gov.in — or helpline 1930 — for threats, abuse, data exposure or misuse of phone data.
- • Consumer commission — file online through e-Jagriti (the portal that replaced e-Daakhil) — for deficiency in service or an unfair trade practice.
- • Check the lender yourself — the RBI publishes the list of NBFCs and ARCs registered with it, and a separate list of those whose certificate of registration has been cancelled. Search by the operating company’s name, not the app brand.
- • Free government legal aid — NALSA / SLSA / DLSA, your right under Article 39A. How to apply.
What the site says about how the lending works
“Lenders select borrowers, funds are transferred via escrow accounts, and loans are governed by agreements.”
“All repayments flow through escrow accounts and follow rounding and settlement rules.”
This site searched both websites on 29 July 2026 and did not find any lender named on either.
What the homepage asks a borrower to produce
- • “Educational Certificates - Mark sheets & Degree Certificates”
- • “Character Certificate - Issued by recognized authority / institution”
- • “Medical fitness certificate”
The homepage also carries the claim “10K+ Loans Disbursed” — the company’s own claim, for which this site found no independent source and which it has not verified. Its “Download the App” button is a dead link (href=“#”), read 29 July 2026.
The MCA record consulted on 29 July 2026 shows authorised and paid-up capital of Rs. 1,00,000, while the homepage advertises loans up to “Rs. 10L”. Paid-up capital is not a measure of how much a company can lend; a lender may fund loans from borrowings or other sources; neither site states where the funds lent are sourced from.
Other brands covered on this site are operated by companies that appear on the Reserve Bank of India's published list of registered NBFCs, and what is reported about them concerns their pricing and their conduct as registered firms. Vanshika Micro Credit describes itself in different terms on different pages of its own websites. This site makes no statement about whether it is or is not registered, or about whether any exemption applies to it.
Related pages
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Every page quoted here was read on 29 July 2026. Any company named on this page may write to grievance@loantrap.org.
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This page is public-interest reporting from primary documents. Quotations are reproduced as read on the stated date; websites change. Nothing on this page is legal or financial advice.
Nothing on this page is an allegation that any company or person named has committed an offence. Where a matter is described as alleged, it is an allegation only and has not been established. Where a company does not appear on a public register, there may be lawful explanations, and this page makes no finding either way.
The name of this site describes the subject it covers — problem borrowing and its consequences. It is not a statement about any company named on this page.
Last updated and what changed
Last updated 29 July 2026. Quoted pages read on 29 July 2026.
- • 29 July 2026 — Page published. All quotations read first-hand from the live pages on this date.