mpokket is a popular loan app in India, especially for students and salaried individuals. It lets you get a personal loan from ₹500 to ₹30,000 in just a few minutes.
For students, mpokket is a trusted instant loan app, and for salaried people, it’s great for salary advances. The entire process is online and secure, the app has been downloaded by over 1 crore users with high ratings.
In this blog post, check out the mpokket loan app review, features, benefits, interest rates, eligibility criteria, and the application process.
Table of Contents
mPokket Loan App: Personal Loan
| Loan Amount | ₹500 to ₹30,000 |
| Loan Tenure | Repay in 4 Months |
| Interest Rate | 0% to 4% per month |
| Processing Fee | 50 to Rs 200 + 18% GST |
| Disbursement | in 2 minutes |
| RBI Approved | Yes |
| Application | Online |
Why Choose mpokket?
mPokket is a super handy app for getting quick personal loans, from ₹500 up to ₹30,000, in just minutes. Whether you’re a student or a salaried professional, you can get the money directly into your bank account. Repayment is flexible, over 2 to 4 months, and interest rates start at 0% (up to 4% per month).
It’s super easy to apply mPokket loan — students need to be 18+ with a college ID, and salaried people need to earn at least ₹9,000 per month. Trusted by over 1.5 crore users, mPokket is safe, RBI-regulated, and offers 24/7 support, making it a reliable choice for instant cash.
mPokket App EMI Calculator
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mPokket Loan: Key Features & Benefits
Here are the key features and benefits of the mPokket loan app:
- Instant loans from ₹500 to ₹45,000
- Quick transfer to bank account or Paytm wallet
- Flexible repayment over 2 to 4 months
- Minimal documentation required
- Low interest rates (0% to 4% per month)
- Easy eligibility for students and salaried individuals
- Low processing fees (₹50 to ₹200 + GST)
- Trusted by 1.5 crore+ users, 4+ star rating
- 100% online, safe, and RBI-regulated
- 24/7 customer support available
mPokket Loan Eligibility criteria
To be eligible for a mPokket loan you must fulfill the following criteria:
- Students: Must be 18+ with a valid college ID.
- Salaried Professionals: Must have a minimum take-home salary of ₹9,000.
- Location: Open to users across India.
- Bank Account: Required for salary deposits (for salaried professionals).
Documents Required for mPokket Loan
To apply for a mPokket loan, you’ll need the following documents:
- For Students:
- Valid College ID
- PAN Card
- Aadhaar Card or other valid ID (e.g., Voter ID, Driving License)
- For Salaried Professionals:
- Last 3 months’ Bank Statement or Salary Slip/Joining Letter
- PAN Card
- Aadhaar Card or other valid ID (e.g., Voter ID, Driving License)
How to Apply mPokket Loan
Here’s a simple step-by-step guide on how to apply for a mPokket personal loan:
- Download the mPokket App from the Google Play Store.
- Register with your phone number and fill in basic details.
- Upload required documents (College ID, salary slip, PAN card, Aadhaar, etc.).
- Wait for verification: mPokket will quickly verify your details.
- Choose loan amount (₹500 to ₹30,000) and repayment terms.
- After approval, get the loan instantly in your bank account or Paytm wallet.
mPokket Interest rate (APR) & fees
| Interest Rate | Details |
|---|---|
| Monthly Interest Rate | 0% to 4% per month |
| Maximum APR | Up to 142% |
| Processing fees | Rs 50 to Rs 200 + 18% GST |
mPokket’s interest rates range from 0% to 4% per month depending on the loan amount, repayment terms, and credit profile. The Annual Percentage Rate (APR) can go up to a maximum of 142%. Interest is calculated based on the loan amount and duration of the repayment.
mpokket Loan vs. Other Loan
| Lender | Interest Rate (p.a.) | Processing Fee |
|---|---|---|
| mPokket | 0% to 4% p.m | |
| Loanfront | 15.95% – 35.95% | 1% to 7.5% |
| VIVA Money | 0% for 51 days | ₹500 or 3% |
| Stashfin Loan | 11.99% | Zero |
| Navi Loan | 9.9% | Zero |
| Prefr Loan | 15% to 36% | 3% to 5% |
| Fibe Loan | 16% | 2% |
| CASHe Loan | 2.50% per month | ₹500 to ₹1,200 |
| Bharat Loan | 35% | 2% |
| RupeeRedee Loan | 12% to 36% | 10% to 15% |
| Olyv Loan | 18% to 30% | 2% to 12% |
| PayRupik Loan | 29% | 10% + GST |
| InCred Loan | 16% to 36% | 2% to 5% |
mpokket review!
mPokket is a trusted and highly rated platform, registered by RBI as an NBFC. It offers short-term personal loans of up to ₹45,000 with competitive interest rates and minimal documentation with a 100% online application process. College students, salaried professionals, and self-employed individuals can apply for mPokket loan and get the loan directly into their bank accounts or Paytm wallets.
mPokket RBI approved or not
Yes, mPokket is RBI-approved. It operates through its Non-Banking Financial Company (NBFC) arm, mPokket Financial Services Private Limited, which is registered with the Reserve Bank of India (RBI). This means mPokket complies with RBI regulations and follows legal guidelines for lending and providing a secure and reliable service for borrowers.
mPokket real or fake
mPokket is a real and legitimate platform. It is an RBI-registered Non-Banking Financial Company (NBFC), which ensures it operates legally and follows the necessary financial regulations in India. With over 1.5 crore users and a solid 4+ star rating, mPokket is widely trusted for offering instant personal loans to students and salaried professionals.
mPokket app is safe or not
Yes, the mPokket app is safe to use. It is a legally compliant platform, regulated by the Reserve Bank of India (RBI) through its NBFC, mPokket Financial Services Private Limited. The app uses secure processes for verifying users’ information and ensuring the privacy of personal and financial data.
mpokket helpline number
mPokket does not publicly provide a specific helpline number for support. You can reach mPokket’s support team by emailing (from 9 AM – 7 PM ):
In conclusion, the mpokket is a trusted and user-friendly platform for quick short-term personal loans. With over 1.5 crore registered customers, mpokket offers a 100% online application process and disburses the loan within 2 minutes. Funds are transferred directly to the Bank account. From minor to mid-range expenditures up to 45,000 rupees, mpokket can be the best option.
Users should check the mpokket loan app status, policies, and reviews before applying for the loan.