mPokket: Personal Loan & Instant Student Loan App:If you are a student and daily expenses are over before the end of the month or you are finding it difficult to pay school fees, hostel fees, rent, travel, buy something etc.
You can get Instant Loan from the help of your mobile sitting at home through M Pocket Instant Mobile Application.
This mobile application approves the loan faster than other loan applications. So let us know in detail how to get loan from M Pocket, what is M Pocket, why should one take loan from M Pocket, how does M Pocket provide loan.
Apart from this, we will tell you about the documents, eligibility, fees and charges, interest rate etc., so for this you have to read this article till the end.
Table of Contents
What Is mPokket App–
M Pocket is a platform providing instant personal loan to student, salaried person through which one can avail personal loan for daily needs like paying school fees, paying college fees, paying rent, recharge bills etc.
This mobile application Coffee on Google Play Store comes with simple user interface which does not face any kind of problem in applying.
At present mPokket App has more than 7 million downloads and more than 2 million satisfied customers are present in India.
This app was launched on 7th December 2016 on Google Play Store by mPocket NBFC company which is Reserve Bank of India. Registered by India, and follows the guidelines of RBI.
This shows that it is a reliable app. mPokket provides loan exclusively to Salaried Person, Student, they can apply for loan through the app without worrying about any fraud, fraud.
The platform facilitates instant loan amount to bank account at lowest interest rates in India in the shortest possible time, apart from providing 24/7 hourly customer support to resolve user queries and complaints.
mPokket Loan Details–
Before taking a loan from mPokket instant personal loan apps, you must know about its basic details which we have mentioned in the table below.
| pp Name | mPokket App |
| Loan Type | Personal Loan & Instant Student Loan |
| App Rating | 4.2 |
| App Downloads | 5 Million+ |
| Who Can Apply | Salired Person, Student |
| Age Limit | 18+ |
| Loan amount | Rs 500 to Rs 30,000 |
| Interest rates | from 2% to 6% per month |
| Tenure | 61 days to 120 days |
| Get it On | Google Play, Offical Website |
| Safe & Secure | Rbi and NBFC Approved |
mPokket Loan Eligibility–
Following are the terms and conditions, eligibility criteria for availing mPokket App Instant Personal Loan-
- Any Indian who is above 18 years of age can apply for this loan.
- Your civil score should be good.
- You must also have a mobile number linked to Aadhar Card, Pan Card.
- You must have KYC documents like Aadhar Card, PAN Card.
- Valid documents related to applicant’s identity and residence are required.
- for student
- The college student should have a valid college ID.
- for job profession
- The monthly income of the employed person should be at least ₹ 9000.
- Salary of the employed person should be received in the bank account or through cheque.
Documents required to get loan from mPokket app-
mPokket app provides facility to provide loan amount in bank account with instant approval.
To take a personal loan from mPokket App, it is mandatory to have the following documents which are as follows.
- College ID card for Students
- Last 3 Months Bank Statement,
- Salary Slip/Joining Letter for Salaried Professionals
- Aadhaar Card, Driving License, Voter ID card, etc.
- PAN Card
- KYC Details
mPokket Loan Interest Rate–
To take mpocket personal loan, you have to pay MONTHLY AVERAGE INTERSECT 2% to 6%, the interest rate of the loan depends on the factors like the applicant’s credit score, loan amount, APR, income etc.
Here you have to pay some fees. End charges are also to be paid which are as follows:
mPokket Loan Fees & Charges–
| Processing Fee | From ₹34 to ₹203 |
| GST Fee | 18% |
| APR | 72% |
| Late Fee | Depends upon Loan. |
How much is mPokket Loan available-
You can take loan amount from Rs 500 to Rs 30,000 through mPokket App. It also depends on the loan applicant’s CIVIL SCORE that how much amount you can get.
Read Also:How to get personal loan from Branch Loan App.
When you get approval, you can also add this amount to your bank account.
mPokket loan Tenure-
Tenor of 61 days to 120 days is given to take loan from mPokket App, which you can deposit in monthly installments or even in lump sum.
This loan can be taken to meet immediate problems or needs. Your civil score also starts increasing if you repay the loan on time. And also be eligible for the maximum loan amount.
How to get Loan From mPokket-Steps
Loan from M-Pocket can be taken through the official website and MPokket App present on Google Play Store.
Here you can activate in less than 5 minutes just by filling some personal information like name, address, date of birth, bank account number details, and some other information.
mPokket Personal Loan Online Apply Process–
Below is the step by step process to apply for an online personal loan from m pocket, if you follow these steps you will get an instant personal loan from m pocket.
Step 1. First of all install mPokket App from Google Play Store.
Step 2. Verify with OTP with the help of your mobile number.
Step 3. After this login with your social platform.
Step 4. Fill your personal information like name address, date of birth etc.
Step 5. After this upload your KYC documents like Voter Card, Aadhar Card Driving License etc.
Step 6. After this wait for some time, here you will be told about the eligibility criteria that how much loan you can get, choose the loan amount interest rate time period according to you.
Step 7. Now upload the IFSC Code, Bank Statement to get the loan amount in the bank account.
Step 8. Now you will have to do a video KYC where enter the number on the screen, and tell your basic information.
Step 9. After filling all the information submit the application form.
Step 10. Now after waiting for some time, the loan amount is received in the bank account mentioned by you.
Note: While applying for the loan, submit after reading the terms of condition, interest rate, loan amount, loan submission time period carefully.
mPokket Customer Care Number–
mPocket Customer Care Number If you face any kind of problem then you can talk to the customer care of mPokket App which is available 24/7 hours also you can get the solution of your problem through email also.
Customer Support: (mPokket helpline): 033-6645-2400 (10:00 am to 7:00 pm from Monday to Saturday)
Email: support@mpokket.com.
contact us for any queries at: www.mpokket .in
FAQ-How to get Personal loan mPokket App
1.How much loan can I get if I am a college student?
Ans:If you are a college student then you can get maximum loan up to ₹ 20000.
And you can get a loan up to a minimum of ₹ 500, for this it is mandatory for you to have an attested college ID, Aadhar card, PAN card, bank account number.
2.How much loan can I get if I take up a job?
Ans:If you work in any company and your monthly income is more than ₹ 9000 then you can get maximum loan up to ₹ 30000 and minimum ₹ 5000 loan through m pocket mobile application which you can get at any time. On deposit, the credit score increases.
3.Is mpokket App a secure mobile app?
Ans:It is a secure mobile application that currently has more than 2 million satisfied customers, and more than 5 million downloads on Google Play Store.
This mobile application is registered by Reserve Bank of India, this mobile application is completely secure which does not share your data with anyone.
4.Can I take this loan without PAN card?
Ans:To take a loan from M Pocket, you need a PAN card for address proof, income proof, if you do not have a PAN card then you will not be able to get this loan.
5.What happens if I do not repay the M Pocket Loan?
Ans:If you do not repay the M pocket loan, then your crates may get damaged, in case of non-payment of the loan, you may get a notification, deposit this loan. Apart from this, customer executives can threaten you.
My Final Thought-How to get Personal loan mPokket App
If you read this post till here then you have got all information about How to get Personal loan mPokket App and how to apply online for mpokket Loan also.
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