mPokket Loan: How to take instant loan from mPokket App? Interest rates and application process

Are you a student or a salaried professional in need of an instant cash loan? If you need quick and easy financial assistance, mPokket loan is the perfect option for you.

In this blog post, we will see why mPokket Loan is the best option for students and salaried individuals. We will look at the features and benefits offered by mPokket as well as how you can get a loan from this app in minutes.

mPokket Loan Highlights

Rate of interestStarting from 1% per month
loan amountup to Rs 30,000
Tenureup to 90 days
processing feeRs 34 to Rs 203 + 18% GST

What is mPokket Loan?

mPokket is a unique instant loan app that provides instant loans to students and salaried people in India. This app is designed to help people meet their financial needs in a quick and convenient manner.

mPokket offers instant loans to salaried individuals and college students with loan amounts ranging from Rs 500 to Rs 30,000 with interest rates ranging from 1% to 6% per month. A period of 3 months is given to repay the loan amount taken from this app. You can easily pay this loan through your debit card, UPI or Paytm wallet.

The best thing about mPokket loan is that it does not require any collateral or guarantor. The application process is 100% online and takes just minutes to complete. Once approved, the loan amount will be deposited into your bank account within 24 hours.

mPokket loan is a great option for those who need quick cash for emergencies or unexpected expenses. The interest rates are relatively low, and the repayment terms are flexible, making it an affordable and convenient option for many people.

mPokket Loan Features and Benefits

mPokket is an instant loan app that offers many features and benefits. Some key features include:

  • Objective: mPokket is a micro-lending platform that provides instant loans to college students and salaried individuals in the country.
  • Collateral-Free Loan: mPocket Loans are collateral-free and can be used for any purpose, such as tuition fees, living expenses, or other unexpected costs.
  • Rate of interest: This loan app offers loans at interest rates ranging from 1% to 6% per month and there are no hidden charges or penalties.
  • Loan amount:This loan app provides instant loan from Rs 500 to Rs 20,000 to college students and Rs 1,000 to Rs 30,000 to salaried individual.
  • Duration: 61 to 90 days are given to repay the loan taken from this app.
  • Processing Fee: This app charges loan process fee of Rs 34 to 203 + 18% GST which is cheap compared to others.
  • Online Application: Loans can be applied for and approved completely online, and funds are transferred directly to the borrower’s bank account within 24 hours.
  • Customer Care Support: mPokket has a customer support team available 7 days a week to answer any questions or resolve any issues.

What is the eligibility for MPokket Loan?

mPokket App Loan Must satisfy the following eligibility criteria given below:

Eligibility for students

  • Students must be at least 18 years of age to apply for the loan.
  • The applicant must be enrolled in a college.
  • The applicant must have a bank account.
  • The applicant must have a mobile phone.

Eligibility for salaried

  • The age of the applicant should be above 40 years.
  • The monthly salary of the applicant should be received in his bank account.
  • The applicant should have a salary slip.
  • The applicant must have a mobile phone.
  • To avail this loan, it is mandatory for you to be in any one of the following cities:-
    • Delhi
    • Bangalore
    • Chennai
    • Mumbai
    • Hyderabad

Documents required for mPokket Loan

To apply for mPokket Loan you will need the following documents:

Important documents for students

  • Identity proof (any one): Aadhar Card, Voter Card, Driving License, Passport etc.
  • PAN card is mandatory if you are presenting Aadhar card as identity proof.
  • college id card

Documents required for a salaried person

  • Identity proof (any one):Aadhar Card, Voter Card, Driving License, Passport etc.
  • PAN card
  • salary slip
  • Form 16A
  • company id card

Let us tell you that the documentation process is completely paperless and online. There is no need for you to go anywhere for this. You can apply for a loan in 2 minutes sitting at home.

How to apply for Mpokket Loan?

To apply for Mpokket Loan, follow the steps given below:

  • Phase 1: Download mPokket app from Google play store.
Mpokket Loan apply online step 1
  • Phase 2: Now register your mobile number through OTP.
Mpokket Loan apply online step 2
  • phase 3: Sign up using your Google or Facebook account.
Mpokket Loan apply online step 3
  • step 4: Create your profile password and select your profession.
Mpokket Loan apply online step 4
  • Step 5: Upload KYC documents and other required documents.
Mpokket Loan apply online step 5
  • Step 6: If you are a salaried person then upload your bank statement.
Mpokket Loan apply online step 6
  • Step 7: Record a selfie video.
Mpokket Loan apply online step 7
  • Step 8: Get the loan amount in your bank account within a few minutes.
Mpokket Loan apply online step 8

How to login to mpokket App?

To login to mpokket app, follow the steps given below.

  • First of all you download Mpokket App from Play Store orofficial website But go.
  • Now login through OTP by entering your registered mobile number.
  • You can also login with your Google account or Facebook.

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