Friends, if you need an urgent loan and are looking for a loan then mppoket app is best for you, through this app you can easily take the loan.
mPokket is a trusted instant loan app in India, designed to provide quick and hassle-free access to funds for both students and salaried professionals. Whether you need money for emergencies, education, or personal goals, mPokket offers a reliable solution with minimal documentation and fast approval.
Table of Contents
Benefits of mPokket App
- Instant Disbursal: Get loans credited directly to your bank account within minutes.
- Flexible Loan Amounts: Borrow between ₹500 to ₹30,000.
- Minimal Documentation: Easy and quick verification process.
- Flexible Repayment Options: Repay in up to 4 months.
- Rewards for Timely Repayments: Users are rewarded for timely repayments.
- 24/7 Support: Full Fledged support team available for user queries and complaints.
How to Apply for a Loan in mPokket App
1. Download the App: Install the mPokket app from the Google Play Store or Apple App Store.
2. Register: Sign up using your mobile number and email ID.
3. Complete KYC: Submit the required documents for verification.
4. Apply for Loan: Choose the loan amount and tenure, then submit your application.
5. Approval and Disbursal: Upon approval, the loan amount will be credited to your bank account.
Eligibility
- Students: Must be above 18 years of age with a valid college ID card.
- Salaried Professionals: Must have a takehome salary of ₹9,000 and above, with salary credited to a bank account or via cheques.
- General: Must be a citizen of India, between the ages of 18 and 50.
Interest Rates and Charges
- Interest Rates: 0% to 4% per month.
- Processing & Loan Management Fees: ₹50 to ₹200 + 18% GST, depending on the loan amount.
- Maximum APR: 142%.
Example Calculation:
For a loan amount of ₹2,000 with a tenure of 3 months:
Interest Rate: 24% per annum
Processing & Loan Management Fee: ₹200
GST on Processing Fee: ₹36
Total Interest: ₹120
Total Repayment Amount: ₹2,356
Documents Required
- Students: College ID card.
- Salaried Professionals: Last 3 months’ bank/ salary slip.
- Identity Card: Aadhaar Card, PAN Card
Frequently Asked Questions (FAQs) about mPokket App
1. What is mPokket?
mPokket is an instant personal loan app that provides quick loans to both students and salaried professionals in India. The app offers loans ranging from ₹500 to ₹30,000 with minimal documentation and fast approval.
2. Who is eligible to apply for a loan on mPokket?
Students above 18 years with a valid college ID card and salaried professionals with a takehome salary of ₹9,000 and above are eligible to apply for a loan on mPokket.
3. How do I apply for a loan on mPokket?
To apply for a loan, download the mPokket app, register using your mobile number and email ID, complete the KYC process by submitting the required documents, choose the loan amount and tenure, and submit your application. Upon approval, the loan amount will be credited to your bank account or Paytm wallet instantly.
4. What documents are required to apply for a loan?
Students need to provide a valid college ID card. Salaried professionals need to submit the last 3 months’ bank statement, salary slip/joining letter, Aadhaar Card, Driving License, Voter ID card, PAN Card, and KYC details.
5. What are the interest rates and charges for a loan on mPokket?
Interest rates range from 0% to 4% per month. Processing and loan management fees range between ₹50 to ₹200 + 18% GST, depending on the loan amount. The maximum APR is 142%.
6. How quickly can I get the loan amount?
Once your loan application is approved, the loan amount is credited to your bank account or Paytm wallet within minutes.
7. What is the repayment tenure for loans on mPokket?
The repayment tenure for loans on mPokket ranges from 61 days to 120 days, providing flexible repayment options.
8. Are there any rewards for timely repayments?
Yes, mPokket rewards users for timely repayments, encouraging responsible borrowing and repayment behavior.
9. Is mPokket a safe and reliable app?
Yes, mPokket is a safe and reliable app. Loans are provided by mPokket Financial Services Private Limited, an RBI registered NBFC, ensuring legal compliance and regulation.
10. How can I contact mPokket for support?
For any queries or support, you can email mPokket at support@mpokket.com or visit their website at [www.mpokket.in](http://www.mpokket.in/). The support team is available 24/7 to assist users.
Conclusion
mPokket is a highly rated and trusted instant loan app in India, providing a convenient and quick solution for financial needs. With its minimal documentation, fast approval process, and flexible repayment options, mPokket is an excellent choice for students and salaried professionals looking for quick access to funds. For any queries or support, you can reach out to their customer service via email at support@mpokket.com or visit their website at [www.mpokket.in](http://www.mpokket.in/).
