mPokket App: How to Take Loan From mPokket Loan Details 2022

Hello friends, here we are going to tell you about mPokket App, that is, How to Take a Loan From mPocket, how much loan is available from mPocket and we are going to provide other Best mpocket Loan Details.

Friends, when we are in student life or doing a job, then many times such a situation comes that before the end of the month our pocket money or salary runs out and we need money.

During such a time, it becomes very difficult to manage the expenses for the rest of the days, rent, fees, going somewhere, buying something, etc.

Or you have to take a loan from somewhere, nowadays people do not trust anyone anyway and in the name of lending they refuse by making some excuse or the other, in such a situation, the only way left is to take a loan,

But due to the complex loan process of our banking system and the time taken to get the loan, we are not able to get the loan on time, as well as one of the biggest reasons is that people lack information related to the loan.

That’s why today we are going to tell you about an application that is providing instant student loans and salary loans through a very easy process.

The name of this application is “mPokket: Personal Loan & Instant Student Loan App” This application provides instant personal loans, student loans through a completely online process with very few documents,

So let us know in detail about the application and the loan received by it such as what is mPokket App, How to Take a Loan From mPocket, what is mPokket Loan Interest Rate, how much loan is received from mPocket,

How much is the processing fee on mPocket, mPokket Customer Care Number etc. If you have all the same questions in your mind then read this post till the end and you will get complete information related to mpocket and getting a loan from it.

What is mPokket App?

Mpocket is a mobile loan application providing instant student loans and salaried loans, students and girl students studying and working salaried individuals can easily get student loans and salary loans from this application.

With this application, you can get an instant personal loan in very few documents through a 100% online process.

M Pockets is a registered NBFC company recognized by RBI so it is a reliable application through this we can apply for loans without worrying about fraud and get quick student loans and salary loans.

This application was launched on 7th December 2016 on Google Play Store by M Pocket NBFC Company and till now this application has got more than 50 lakh downloads which show how reliable this application is,

And people are able to get a student loans and salary loans very easily from this application, the interest rate on this application is also low and the loan process is also very easy, so let’s talk about the loan provided by this application. Know in detail.

Why take a loan from mPokket App?

  • On mpocket app, you get a loan through a completely online process.
  • You do not have to go to the bank branch to get a loan.
  • Here you can get an instant personal loan with very few documents.
  • The interest rate on mpocket app is very low.
  • Here you can get a loan of a higher amount.
  • Here, once the loan is approved, the loan amount is directly transferred to your bank account.
  • Both the students studying from here and the employed person can get the loan.

Where can I use mPokket Loan?

There is no restriction on the part of Mpocket regarding the use of loan provided by mpocket app, you can use your personal loan to fulfill any type of work or need =>

  • College or Coaching Fees – If you take a student loan from M Pocket then you can use that loan amount to pay your college or coaching fees.
  • House Repair – Over time our houses get old and need to be repaired.
  • If there is a need for repair or renovation which involves a lot of expenditure, then you can get your house repaired and renovated with the loan taken from mpocket.
  • Education – If you or your children go to study anywhere in the country or abroad for higher education, then there are also a lot of expenses for which you can also take mpocket personal loan and use it.
  • Medical – For any kind of medical emergency, any serious illness or accident, etc. where money is needed immediately, you can meet your medical expenses by taking a personal loan from mpocket.
  • Property purchase – Money is needed to buy any type of property like a laptop, mobile, etc and you can use the personal loan taken from mpocket to buy any type of property.
  • Investment – ​​If you want to invest somewhere in this, you can get good returns in the future, then you can use a personal loan taken from mpocket for that too.
  • Apart from these, there are many other such needs like going out somewhere, rent, or some other requirements, which need money to fulfill, then you can use a personal loan taken from mPokket App for all.

mPokket is one of the best online loan apps in India that offers student loans and instant loans for salaried and is trusted by 7M+ users as a loan app for students in India, it offers flexible repayment options.

Instant loans for salaried are a great and convenient way to get an advanced salary. The entire process is 100% online and secure, with a 4+ star rating making it one of the highest-rated instant loan apps in India.

mPokket has a complete support team available round the clock to resolve any user queries and complaints.

mPokket Student Loan

mPokket instant loan for students takes care of the regular education expenses and additional costs. Due to many reasons, when students need instant and online personal loans,

mPokket comes to their aid. Low-interest rates and instant cash availability without any long-term EMI commitments, make it the best instant loan app.

mPokket Personal Loans for Salaried Professionals

The finances of the salaried individuals revolve around the monthly salary. When monthly expenses exceed the budget, personal loans become the answer to cash problems and add wings to fulfill your dreams.

mPokket salaried loan

It is easy to get instant loans with mPokket, the best personal loan app in India for salaried professionals. Salaried people can get instant loans up to ₹30,000 deposited directly into their bank account without any paperwork.

Here we will review mPokket Loan and know everything related to it in detail like loan amount, interest rate, fees and charges, tenure, loan process, etc.

How much is mPokket Loan available?

Before applying for a loan, it is very important to know how much loan is being provided to us by the company or bank because our need is not fulfilled due to getting less loan,

With the student loan or salary loan provided to us through mPocket application, we can meet any of our monthly expenditure needs, through mPokket application, we get a quick personal loan/student loan from ₹ 500 to ₹ 30000 and the salaried loan is provided,

Here we get the facility to choose our loan amount (as per our eligibility we can choose between the higher amount we are eligible for)

For how much time mPokket Loan is available(Tenure)?

In any type of loan, the time limit is very important because due to shorter loan tenure, our installment amount increases, due to which we have more monthly burden to repay the loan,

If the time limit is more then according to that the monthly installment is also less so that we do not face any problem in repaying the loan, for repayment of loan on mpocket app we get time from 61 days to 120 days,

That is, we can choose installments of up to 4 months for the repayment of our loan.

What is the mPokket Loan Interest Rate?

In any type of loan, along with the time frame, the interest rate is also very important because it depends on the interest rate and processing fee whether the loan will be cheap or expensive for us,

A loan taken at a higher interest rate is costlier as we have to pay more interest along with the principal, the interest rate of this loan offered by mPokket ranges from 2% monthly to 6% monthly and maximum APR up to 120% It is possible

The interest rate or APR at which an applicant will get the loan depends on his/her CIBIL score, credit history, income, etc.

mPokket Loan Fees & Charges

On mPokket App, you are charged a processing fee of ₹ 34 to ₹ 203, and a GST of 18% is levied on this fee as per the rules of the Government of India.

Apart from this, you do not have to pay any other hidden charges on this application, even if the full prepayment of the loan is no foreclosure charges.

mPokket Loan Example

Let us understand the student loan or salary loan provided by mpocket app with an example.

Loan Amount – ₹2000

Time frame – 3 months

Interest Rate – 2%

Processing Fee – ₹203

GST on Processing Fee – ₹37

Total interest – ₹120

Annual APR – 72%

Loan Amount Rs.2000, Disbursed Amount 1760, Repaymentable Amount Rs.2120

mPokket Loan Eligibility

  • The applicant must be an Indian citizen.
  • The applicant’s age should be 18 years or above.
  • Valid documents related to the applicant’s identity and residence are required.
  • A college student must have a valid college ID.
  • The monthly income of the employed person should be at least ₹ 9000.
  • The salary of the employed person should be received in the bank account or through a cheque.

Documents Required for mPokket Personal Loan

You should have the following documents available at the time of applying for a loan on mpocket app =>

For job Profession

  • Identity Proof – Aadhar Card/Driving License/Voter ID.
  • Residence Proof – Aadhar Card / Electricity Bill / Water Bill / Rent Agreement.
  • Pan Card.
  • Bank statement.
  • Company name, address, pin code, email, etc. details.
  • for student
  • Identity Proof – Aadhar Card/Driving License/Voter ID.
  • Residence Proof – Aadhar Card / Electricity Bill / Water Bill / Rent Agreement.
  • Proof of College Admission – Marksheet, College ID, Admit Card.
  • Pan Card.

How to Apply for mPokket Loan?

To take a loan from mpocket application, you have to keep the above-mentioned documents ready and follow the steps given below =>

  • Install mPokket Loan App from Google Play Store.
  • Now register on the application with the phone number.
  • Upload your basic details and KYC documents.
  • Click on Apply or Proceed.
  • Your documents and credit score etc. will be checked.
  • Loan offers will be provided to you after verification.
  • Select the loan offer and enter your bank details.
  • After verification, your loan amount will be transferred to your bank account.
  • Also Read – What is Insurance and What are the Types of Insurance
mPokket Customer Care Number

mPokket Customer Care Number(mPokket helpline): 033- 6645 2400 (10:00 am to 7:00 pm from Monday to Saturday)

mPokket Loan Customer Care – Contact Form

mPokket Customer Care Email: [email protected]

mPokket Loan Website: www.mpokket.in/

Other FAQs(FAQs) related to mPokket Loan

Who can apply for mpocket app loan?

Any Indian Citizen (Student/Employee) who is 18 years of age or above and has fixed means of today can apply for the loan on mPokket App.

Where to get a loan for mpocket app?

After the loan application is completed and the loan is approved, the loan will be directly transferred to your bank account or Paytm.

What is mPokket Loan Disbursement Time?

Once the loan application process is completed on the mpocket app, your details are verified and your loan is approved, your loan amount is transferred to your bank account within 1 to 2 hours of loan approval.

What is the maximum loan that college students can get from Mpocket?

College students can get an instant loan up to a maximum of ₹20000 from the M Pocket Application

How can I get a loan while in college?

mPokket, one of the best college loan apps in India, makes it easy for college students to submit proof of admission along with their KYC documents – mark sheet, college ID, admit card, etc. to get the loan sanctioned. provides instant loans to them.

How to do mPokket loan repayment?

For mPocket Loan repayment, you can opt for Direct Bank Account Debit and submit your bank details, or pay your EMI through Debit Card, Credit Card or Net Banking, etc. by visiting mPokket Loan App can do.

Here we have tried to provide mPokket App and complete mPokket Loan Details like what is mPokket App is, How to Take a Loan From mPocket, what is mPokket Loan Interest Rate is, how much loan is received from mPokket.

How much is the processing fee on mPocket, mPokket customer care number, etc? If you have any questions regarding taking a loan from mpocket application, then definitely tell us in the comment box, and we will definitely answer your questions.

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