This Post is based on mPokket Personal Loan App & mPokket app Review & mPokket – offer instant personal loan with EMI.
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mPokket App – offer instant personal loan with EMI |
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| 1 | Interest Rate — 2% to 6% monthly |
| 2 | Loan Amount — Rs.500 up to Rs.30000 |
| 3 | Processing Fees — Rs 34 to Rs 203 + 18% GST depending on the loan amount . |
| 4 | Tenure — 61 days to 120 days |
mPokket App: Instant Personal Loan App Review
Table of Contents
mPokket is one of the best online loan apps in India which is trusted by student loans, instant loans for salaried employees, and 7M + users. As a loan application for students in India, it offers flexible repayment options. An instant loan for a salaried employee is a great and convenient way to get a salary advance.
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How much Personal Loan can I get from mPokket App?
mPokket app Provide Personal loans from Rs.500 up to Rs.30000.
Basically, for College students, this app provides a maximum loan up to Rs.20000 and for salaried persons, the maximum loan amount is Rs.30000.
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How much time does it takes for Personal loan approval in mPokket App?
Approval of an account is a one-time activity. Once you submit your Basic details like Address Proof, Aadhar Number, Bank details mPokket app takes only 2 minutes to transfer your loan into your Bank account or Paytm wallet.
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mPokket App – Eligibility Criteria for Personal Loan
Here are the short eligibility criteria for the people who want to take a Personal Loan from the mPokket app.
- The age of the Applicants (Students+Salaried) must be a minimum of 18 years old.
- The applicant must be an Indian Citizen.
- If you are a salaried person, must have a minimum income of INR 9000 per month.
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mPokket App – Interest rate for Personal Loan
The interest rates for mPokket loans range from 2% to 6% monthly for 61 days to 120 days tenure.
mPokket App – Documents required for Personal Loan
mPokket has a very smooth and fast verification process and is considered to be one of the best online loan apps in India. These are the required documents you need for the Personal Loan in the mPokket app.
- College ID card for Students
- Aadhaar Card, Driving license, Voter ID card, etc.
- PAN Card
- Last 3 months Bank Statement, Salary Slip/Joining Letter for Salaried Professionals
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Who can take Personal Loan from mPokket App?
Every eligible salaried or College student can take a Personal Loan from the mPokket app. Basically, if your age is a minimum 18-year-old and for a salaried person, the minimum monthly income Rs. 9000, you can get this.
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How to get Personal loan from mPokket App?
After installing mPokket app from the PlayStore, people can get it from there if they are eligible, simply register yourself and upload the documents and complete the further process. Once it is approved, the loan amount will be credited to your bank within 2 minutes.
How to apply Personal loan in mPokket App?
Here is a step-by-step process for applying for loan in the mPokket app.
| 1 | Download the mPokket instant loan app from Google Play Store. |
| 2 | Register and Verify your mobile number through OTP. |
| 3 | Sign up using your Google/Facebook account. |
| 4 | Set a password & select your profession. |
| 5 | Submit KYC documents online. |
| 6 | Upload bank statement reflecting salary credits (for salaried person) |
| 7 | Atlast, Record a selfie video |
| Once the loan is approved, the amount will be a credit to your bank account within 2 minutes. | |
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mPokket App – Personal loan Feature and Benefit
- Flexible loan amount: For cash emergencies, borrow cash from Rs. 500 to Rs. 30000 per minute. The money will be deposited in your bank account within 2 minutes.
- The paperless process: You do not need to physically submit documents for the mPokket instant loan application process, but rather upload scanned copies of your documents.
- Dedicated support: Emergency does not bring caution. Don’t let financial challenges or a lack of emergency funding be a push. mPokket provides you with dedicated assistance to apply for a personal loan at any time of the day.
- No collateral required: Gone are the days when you had to risk personal savings or valuable assets when applying for a loan. mPokket app allows you to easily get out when needed, without collateral support.
- Trusted by 7 million + users: Protecting your personal information at mPokket is of paramount importance to us. We protect the sensitive information of over 7 million users.
Content Source: Google Play Store mPokket Loan App