Get a mPokket personal loan for an incredible loan journey for students and salaried professionals in India. With loan amounts ranging from ₹500 to ₹30,000 and competitive interest rates starting at 2% per month, mPokket is a valuable place to opt for a loan.
It’s easy to meet the eligibility criteria for mPokket instant loan as you must have a valid bank account and a mobile device with access to the internet.
mPokket personal loan is a favorable option for individuals needing quick and easy cash access. Here is an overview of details you might need before applying for a mPokket personal loan.
Interest rate | Starting at 2% per month. |
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Loan amount | ₹500 to ₹30,000 |
Processing fee | ₹50 to ₹200 + 18% GST |
Tenure | Up to 90 days |
Interest rates play a pivotal role in determining your eligibility. Tailored to your financial needs, mPokket empowers you to access funds through their instant loan app.
With rates designed to meet your financial needs, the mPokket instant loan enables you to quickly and easily access the funds you require. mPokket personal loan interest rate can impact your eligibility, allowing you to achieve your goals and secure a brighter financial future.
mPokket Personal Loan Interest rate | Starting at 2% p.a. |
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Refer the table below for the fees and charges associated with a mPokket personal loan:
Processing fee | ₹50 to ₹200 + 18% GST |
Tenure | 61 to 90 days |
Loan amount | ₹500 to ₹30,000 |
Loan Extension Charges | 1% of the loan amount |
Prepayment Charges | 3% of the remaining loan balance |
Presented below is the table highlighting mPokket personal loan eligibility criteria:
Age | 18- 60 Years old |
Income | ₹9000 Min Monthly Salary |
Citizenship | Indian |
Here are some of the documents required for a mPokket personal loan:
Identity Proof: Aadhaar card, PAN card, Voter ID card, Driving license, Passport.
Address Proof: Bank statement, Electricity bill, Telephone bill.
Income Proof: Salary slips for the last three months, Form 16, Business income statement.
Other Documents: College ID for student applicants, Selfie with ID proof.
The Buddy Loan EMI Calculator makes it effortless to calculate your Personal Loan EMI, allowing you to easily preplan your repayments, including the EMI for a mPokket personal loan. Simply enter the loan amount, interest rate, and tenure to receive immediate results.
With a mPokket personal loan, your EMI remains fixed throughout the entire loan tenure, regardless of any fluctuations in interest rates. Empower yourself with financial transparency and effectively manage your budget.
Monthly EMI | ₹86 |
Principal Amount | ₹1,000 |
Total Interest | ₹32 |
Total Amount | ₹1,032.00 |
The table below highlights the comparison of interest rates among NBFCs
NBFCs | INTEREST RATE (p.a.) |
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mPokket | Starting at 2% per month |
Paysense | 16.8% - 27.6% |
HDB Financial services | Upo 36% |
CASHe | 27% |
Home Credit | 24% |
Money View | 15.96% |
RBL Bank | 17.50% - 26% |
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A mPokket personal loan is a quick and easy way to access your required funds. Here are the features and benefits of a mPokket personal loan:
Apply loan online in just 15 minutes.
You can borrow a loan amount of 50 to Rs. 30,000.
Flexible loan tenure that ranges from 61 to 90 days.
mPocket offers low interest rates of 1% to 6% per month.
There are no hidden charges or fees.
0 requirement of a collateral to avail this loan.
Discover the range of mPokket personal loan options for you to consider:
mPokket instant loan for Students is a short-term loan that can cover unexpected expenses, such as tuition fees, books, or hostel fees.
mPokket Salaried Loan is an easy loan available to salaried individuals with a monthly income of at least ₹9,000.
mPokket low-salary personal loan is a quick loan offered to salaried individuals with a monthly income of at least ₹3,000.
Follow these steps to apply for a Prefr personal loan on Buddy Loan:
Step 1 - Visit - buddyloan.com or Download the Buddy Loan app and compare features.
Step 2 - Fill out the application form including the loan amount, the tenure months, and contact details.
Step 3 - Fill out the eligibility form and provide:
Step 4 - Cross verify the given information and submit the application.
Ready to take next step ?
The minimum loan amount you can avail of from mPokket is ₹500.
mPokket Personal Loan is a short-term, unsecured loan available to students and salaried professionals in India. The loan amount ranges from ₹500 to ₹30,000 and can be repaid within 61 to 90 days.
Download the Mpokket app and create an account. Provide information about your income and upload a scanned copy of your PAN and Aadhaar.
To be eligible for a mPokket Personal Loan, you must be a citizen of India, between the ages of 18 and 50, and have a minimum monthly income of Rs.9,000. You must also be employed full-time and have a regular source of income.
You can get a loan of up to Rs. 30,000 from mPokket. The loan amount you are eligible for will depend on your income, employment, and credit history.
The maximum repayment tenure for mPokket Personal Loans is 90 days. The loan amount ranges from ₹500 to ₹30,000. The interest rate is 2% to 4% per month.
You must submit the following documents to apply for a mPokket Personal Loan: Identity Proof, Address Proof, Income Proof, College ID for student applicants, and KYC details.
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