mPokket Instant personal loans Apply now Review

mPokket Instant personal loans Apply now Review. It is an instant online loan app provider that offers various types of instant loans for Students, low salaried and salaried individuals.

You can use the mPokket loan app whenever you need urgent cash or you require money for the month-end expense.

How to Use mPokket App

  • Download the app on your device.
  • Upload your KYC documents, selfie, address proof, or student ID card (in case of student loan).
  • Wait for the mPokket to verify the application.
  • Select the loan amount, and repayment tenure, and choose a place to get the funds (Bank or UPI id)
  • Get the amount in your Bank or UPI id.
mPokket Instant personal loans Apply now Review

Features and Benefits of mPokket

  • Instant Cash
  • Flexible Repayment
  • Paperless Application Process
  • Rewards and Cashback

Eligibility Criteria & Required Documents for Students

  • You must have completed 18 years.
  • Applicant must have a valid college ID card for verification.
  • You must have valid address proof.
  • Applicant PAN card is required.
  • You must have a bank account.
  • You can have a Voter ID, Driving license, Passport, or Aadhaar as an Identity and address proof.

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Eligibility Criteria and Required Documents for Salaried

  • Applicant must have PAN Card or Form 16.
  • You should have a Voter ID, Driving license, Passport, or Aadhaar as an Identity.
  • You must have the last 3 months’ bank statement.
  • your monthly salary should not be less than Rs.9000.
  • You must be working as a full-time professional.
  • Your company offer letter, joining letter, and last salary slip are required.
  • You must receive your salary either in your bank account or via Cheques.

How to Apply For mPokket Loan?

  • Download and install mPokket loan app from the google play store on your phone.
  • launch the app, enter your mobile number and click on the proceed button.
  • Enter the OTP received to your mobile number for number verification.
  • Next, connect your Facebook or Google account with mPokket.
  • On the next screen, enter your personal details like name, email, password, and profession, and click on the Register button.
  • Next, you have to submit your KYC documents online. choose the Identity type and click on OK.
  • After KYC verification, Enter your bank details such as the Bank IFSC code, then upload the last 3 months’ salary account statement (only for salaried) and click on the Next arrow.
  • Next, record a Selfie video, with the face clearly visible. you have to read the text that appears on the screen slowly and clearly. Click on the Submit button.
  • After this, you have to sign the loan agreement. after signing the agreement, the loan amount will be credited directly to your bank or Paytm account as per your wish.

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Documents Required for mPokket Personal Loan

For students:

  • ID Proof (College ID)
  • Address Proof (Voter ID Card/ Driving License/ Passport)

For Salaried Individual:

  • Copy of the offer letter or salary slip
  • Bank statement

mPokket Personal Loan Interest Rate, Processing Fee, And Loan Tenure

Lenders NamemPokket
Interest RateStarting at 3.5% on the monthly basis
Processing FeeNA
Loan AmountBased on the user’s profile
Loan tenure1 – 3 months

Finishing Up!!

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