Phocket offers instant digital loans through AI-based technology. This loan is available for a salaried person only. You can apply for Phocket personal loan if your salary is Rs. 15,000.
Phocket collaborates with DRP Financial Services Pvt Ltd and Pooja Finelease Private Limited. These two NBFC companies are trusted. Phocket provides up to 2 lakhs instant loans.
Phocket Personal Loan Quick Recap
| Loan Amount | Up To 2 Lakh |
| Interest Rate | 19% to 36% p.a. |
| Loan Tenure | 62 days to 365 days |
| Age | 20 -58 years |
| Income Required | Rs. 15,000/- Net Salary |
| Processing Fees | Up to 5% of the loan amount |
| Eligible For | Salaried Person |
Benefits of Phocket Personal Loan
Digital Loan: Phocket is offering 100% digital loan approval. The applicant will get the loan within 3 days.
Flexible Repayment: Applicant can repay the loan with flexible tenure from 62 days to 365 days.
No Collateral: Phocket is a collateral-free personal loan application. You may apply for a loan without any security.
No Hidden Charges: There is no hidden charges. Pay the processing charges at loan approval time.
High Loan Amount: The loan amount is high. The applicant will get a loan of up to 2 lakhs.
Also Read: 7 Best Instant Loan Apps in India
Eligibility Criteria for Phocket Personal Loan
- The customer should be Indian Citizenship
- Applicant’s age should be 20 to 58 years
- A minimum net salary should be Rs. 15,000 net
Phocket Loan Interest & Other Charges
| Interest rate | 19% to 36% p.a. |
| Processing Fee | Up To 5% + GST |
| Bounce Charge | Rs. 500 + GST |
| Late Payment Charge | Rs. 500 + GST |
| Mandate Reject Charge | Rs. 250 + GST |
Also Read: Instant 10,000 Loans for Students in India
Documents Required
- Address Proof ( Aadhaar Card, Passport, Voter Card)
- Identity Proof (Pan Card)
- Last 3 months’ bank statement
- Recent Salary Slip
How to Apply for Phocket Personal Loan
Step 1: Start to apply on click the “Phocket Personal Loan” button.
Step 2: Sign up through a mobile number
Step 3: Upload the KYC documents
Step 4: After loan approval, e-sign the loan agreement & enable auto-debit features.
Step 5: The loan will transfer to your account.
Phocket Personal Loan Customer Care
You may call or send an email to phocket customer care. Customer cares are available 24/7.
Customer Care Number: 8010700600
Email Id: info@phocket.in
FAQs on Phocket Personal Loan
Can I get an instant personal loan through the Phocket app?
Phocket loan application offers up to Rs. 2 lakhs instant digital loan.
What is the Phocket loan interest rate?
The interest rate starts from 19% to 36% per annum.
Can I apply for a Phocket loan without a credit score?
You can apply for a loan with a CIBIL score. Phocket offers personal loans minus credit scores.
How to contact Phocket customer care?
You may call at 8010700600 or send an email to info@phocket.in.