mPokket gives you instant Rs. 30,000 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 mPokket personal loan application with step by step process.
mPokket Personal Loan Quick Recap
| Interest rate | 1% to 6% per month |
| Loan Amount | Rs. 500 to Rs.30,000 |
| 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 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. 500 to Rs.30,000.
Eligibility Criteria for mPokket Personal Loan
- Indian Citizenship
- The age should be 18 years or above
- Active bank account required
- Smartphone required to apply
- The minimum CIBIL score of 700+ 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 require to apply for 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: [email protected]
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
Does mPokket check CIBIL score?
CIBIL score is an important factor to apply for a loan. mPokket check your CIBIL eligibility before getting the loan offer.
How much loan mPokket Provides?
mPokket is offering Rs. 500 to Rs. 30,000 instant loan.
Who is the owner of mPokket?
Gaurav Jalan is the founder & CEO of mPokket loan application.
Can students apply for mPokket loan?
As a student, you can apply for mPokket loan. But a CIBIL score & active bank account are required.