Pocketly Personal Loan offers quick digital loans for young professionals, students, salaried employees, self-employed individuals, and gig workers in India. Pocketly is operated by Speel Finance Company Private Limited.
Eligible borrowers can get loans ranging from ₹1,000 to ₹50,000, with interest rates between 2% and 3% per month, or 24% to 36% p.a. Repayment tenure ranges from 61 days to 9 months.
The Pocketly app offers a paperless application process. Indian residents aged 18 years and above with a regular income or valid college details can apply online.
Pocketly Personal Loan Details
A Pocketly Personal Loan can provide quick access to small cash loans through a digital application process. You can complete KYC through the Pocketly app and receive the approved loan amount directly in your bank account.
Here are the main loan details:
| Loan Parameter | Key Details |
| Interest Rate | 2% – 3% per month (24% – 36% p.a.) |
| Loan Amount | ₹1,000 up to ₹50,000 |
| Tenure | 61 days to 9 months |
Pocketly Loan Interest Rates
Pocketly Personal Loan interest rates range from 2% to 3% per month, which is equal to 24% to 36% p.a.
The final loan terms can depend on your profile, loan amount, and repayment period.
| Pocketly Personal Loan Interest Rate | 24% – 36% p.a. (2% – 3% per month) |
Pocketly Loan Fees & Charges
Before applying for a Pocketly Personal Loan, check the processing fee, repayment tenure, foreclosure conditions, and overdue charges.
| Charge Head | Applicable Fee Details |
| Processing Fees | 0% – 9.4% of loan amount (plus GST as applicable) |
| Tenure | 61 days to 9 months |
| Loan Amount Range | ₹1,000 – ₹50,000 |
| Foreclosure Charges | NIL (2.5% on principal outstanding under specific conditions) |
| Late Payment / Overdue Fee | Standard penalty fee applied on overdue EMI amounts |
Pocketly Loan Eligibility Criteria
Pocketly offers loans to students, salaried employees, self-employed individuals, and gig workers.
Here are the basic Pocketly Personal Loan eligibility requirements:
| Eligibility Criteria | Requirement |
| Age | 18 – 30 years (up to 40 years depending on profile) |
| Minimum Income | ₹15,000 per month |
| Employment Type | Salaried, Self-employed, Gig Workers, or Students |
Documents Required for Pocketly Personal Loan
Pocketly requires basic documents for digital verification. Keep the following details ready before applying:
- Personal Details: Full name, date of birth, age, gender, and monthly income proof.
- Address Proof: Aadhaar Card.
- Identity Proof: PAN Card.
- Video KYC: Digital video verification through mobile.
- Verified Email ID: Active email address for loan agreements and notifications.
Calculate EMI For Pocketly Personal Loan
Calculating your EMI before applying for a Pocketly Personal Loan can help you plan your monthly repayments.
Enter the following details in the EMI calculator:
- Loan amount
- Interest rate
- Repayment tenure
The calculator will show your estimated monthly EMI and repayment schedule. This can help you understand whether the loan fits your monthly budget.
Compare Lendingkart Business Loans Over Other NBFCs
Before you apply for an instant loan you should refer to the table below that will help you get a clear picture about the various interest rates provided by other NBFCs. Hence, compare and choose the right NBFCs that fits best for your financial requirements:
| NBFCs | INTEREST RATE (p.a.) |
| Pocketly | 24% onwards |
| Phocket | 18% onwards |
| Paysense | 16.8% onwards |
| HDB Financial services | 11% onwards |
| CASHe | 20% onwards |
| Home Credit | 24% |
| Money View | 14% onwards |
Note: The interest rates mentioned above are subject to change at lender discretion.
Features & Benefits of Pocketly Loan
The Pocketly app offers digital personal loans of up to ₹50,000 without requiring collateral.
Here are some of the main features:
- 100% Paperless Application: Complete the loan process online using your smartphone without visiting a branch.
- Instant Disbursal: Approved funds are transferred directly to your bank account after online KYC approval.
- No Collateral: You do not need to pledge property or other assets.
- Flexible Repayment: Choose a repayment tenure between 61 days and 9 months based on the available options.
Types of Pocketly Loan
Pocketly offers loans for different types of borrowers, including salaried employees, self-employed individuals, students, and gig workers.
Pocketly Loans for Salaried, Self-Employed & Students
Pocketly offers instant loans of up to ₹50,000 with interest rates starting from 2% per month and flexible repayment options.
The loan is available for individuals earning a minimum monthly income of ₹15,000 as well as eligible college students who need funds for expenses such as exam fees or study materials.
How Do You Apply for Pocketly Personal Loan with Buddy Loan?
Steps To Apply For a Personal Loan with Buddy Loan
- Step 1: Visit buddyloan.com or Download & install the Buddy Loan app (Android or iOS).
- Step 2: Open the Personal Loan Application Page. Provide the mobile number and enter the received OTP.
- Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option
- Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
- Step 5: Enter your work details (Including company name, years of service and Designation)
- Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)
- Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.
Pocketly Personal Loan Repayment
We believe in empowering you to manage your finances effectively!
And repaying personal loans is an important aspect of your financial journey. To provide you with clarity and peace of mind, we present the flexible Pocketly Repayment options. With our transparent and flexible repayment tenure for 4 months and now you can easily plan your budget and stay on track to fulfill your financial obligations.
Pocketly Personal Loan Customer Care Number
You can contact Pocketly customer support for queries related to loan approval, repayments, account verification, or technical issues.
| Support Category | Contact Information |
| Customer Care Number | 18008898941 |
| Email Support | care@support.pocketly.in |
| In-App Help | Raise a Ticket via Pocketly App or Website |
| Office Address | HSR Layout, Bangalore, India |
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