mPokket gives you instant Rs. 45,000 loans. The application process is digital. You will get the loan without any verification. The interest rate starts from 1% to 6% per month. Pay the loan within 61 to 90 days.
We are going to cover the mPokket personal loan application with a step-by-step process.
mPokket Personal Loan Quick Recap
| Interest rate | 1% to 6% per month |
| Loan Amount | Rs. 1,000 to Rs. 45,000 |
| Loan Tenure | 61 to 90 days |
| Eligibility Age | 18 years |
| Income Required | NIL |
| Registration Fees | Zero |
| Eligible For | Self-Employed / Salaried Person / Student |
Also Read: IIFL Business Loan
Benefits of mPokket Personal Loan
Digital Process: The application process is digital. You can apply for a mPokket loan through your smartphone.
Instant Approval: You will get instant loan approval within 24 hours.
No Income Required: Apply for a mPokket loan without income proof. Students can also be eligible to apply for loans.
Easy Repayment: Pay the loan through a Paytm wallet, debit card, or UPI. It’s an easy way to pay the loan.
Interest rate: The flexible interest rate starts from 1% to 6% per month.
Flexible Loan: The loan amount starts from Rs. 1,000 to Rs. 45,000.
Eligibility Criteria for mPokket Personal Loan
- Indian Citizenship
- The age should be 18 years or above
- An active bank account is required
- Smartphone required to apply
- The minimum CIBIL score of 700+ is required
mPokket Loan Fees & Charges
| Interest rate | 1% to 6% per month |
| Processing Charges | Rs. 34 to 203 + GST |
| Overdue Charges | Applicable |
Also Read: Top 5 Instant Loan apps without Salary Slips in India
Documents Required for mPokket Loan
The following documents will be required to apply for the mPokket personal loan:
For Student
- Address Proof: Aadhaar Card
- Pan Card
- Active bank account
For Salaried Person
- Aadhaar Card
- Pan Card
- Recent 3 month’s Salary slip
- Recent 6 month’s bank statement
- Company ID Card
- Form 16 (if available)
How to Apply for mPokket Personal Loan
Step 1: Click on the “mPokket Personal Loan” button.
Step 2: After installing the app, verify the mobile number through OTP.
Step 3: Sign up through a Google account.
Step 4: Upload your Aadhaar Card & Pan Card.
Step 5: Upload a recent 6-month bank statement.
Step 6: Record a Selfie image & upload
Step 7: Now you will get the loan offer.
The last process is e-mandate to get the money to your account.
Also Read: 5 Best Buy Now Pay Later Apps in India
mPokket Personal Loan Customer Care
Contact mPokket loan customer care for any queries:
Customer Care: 033 66452400
Official Email ID: support@mpokket.com
Also, you can contact mPokket customer care through the “Contact Us” section. Within 24 hours, customer care replies to your message.
FAQs on mPokket Personal Loan
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Does mPokket check CIBIL score?A
CIBIL score is an important factor in applying for a loan. mPokket check your CIBIL eligibility before getting the loan offer.
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How much loan does mPokket provide?
mPokket is offering Rs. 500 to Rs. 45,000 loan 100% online.
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Who is the owner of mPokket?
Gaurav Jalan is the founder & CEO of the mPokket loan application.
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Can students apply for a mPokket loan?
As a student, you can apply for a mPokket loan. But a CIBIL score & active bank account are required.
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Can I take a mPokket loan without income proof?
Yes, you can borrow a mPokket loan without providing income proof.