In today’s fast-paced world, sometimes emergencies come in the way of money. For the immediate need of funds without having to take or ask for help from family and friends, the Mpocket Loan App proves to be a good simple and easy solution. You can get an instant personal loan from ₹500 to ₹45,000 with just a few minutes on this app. This article discusses the features of the Mpokket Loan App, eligibility, required documents, application process, and interest rates.
Features of Mpokket Loan App
- Instant Loan Approval
Mpokket makes it possible to get personal loans from ₹500 to ₹45,000 in minutes, making it excellent for emergencies.
- Fully Paperless Application
It supports totally paperless loan applications for a smooth hassle-free process.
- Minimal Document Requirement
It offers loans with minimum documentation and thus, a simple and straightforward process is view on the application.
- Convenient Loan Use
Can be mainly used for personal purposes such as education, medical emergencies, travel, or any other purposes.
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Eligibility Criteria for Mbokket Loan Application
If you want to apply for loan using Mpokket, then, you have to meet the following criteria:
- Citizenship
- Permanent resident of India.
- Minimum of 18 Years old.
- Have a good credit standing.
- Aadhaar linked to the mobile number.
- KYC documentation completed.
Necessary Documents for Mpokket Loan Application
To get a loan, documents that are needed are including:
- Aadhaar card
- PAN card
- Income proof
- Address proof
- 3-month last bank statement
- A mobile number linked with Aadhaar card
- Passport-sized photograph
How to Apply for Mpokket Loans Apply for a Loan via Mpokket Loan App
Just follow these simple steps to apply for a loan using Mpokket Loan App:
Download the App
Download the Mpokket Loan App from the Google Play Store.
Sign Up
Register with your number linked with your Aadhaar card.
Login
Log on to the app through your user id and password.
Choose Loan Option
Go to the personal loan section in the app’s dashboard.
Give Personal Information
Fill in all the personal details asked for.
Apply for Loan
Read through the loan terms followed by clicking on apply now.
Credit Limit Offer
Mpokket will then offer you a loan limit based on the score given to you.
Fill out the Application Form
Fill in the application form with accurate information.
Complete KYC Verification
Put your Aadhaar card details and complete KYC through OTP.
Submit Bank Details
Give your bank information to receive the amount loaned.
Set up Auto-Debit
Make a set up for e-NACH for auto-debit that will help repay the borrowed amount.
Submit Application
Then, submit your application and wait for approval.
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Mpokket Loan App Interest Rates
It ranges from 2% to 4% per month on personal loans procured from Mpokket that converts into an annual interest cost of 48%. Credit score and repayment ability against the loan determine the interest rates. In addition to this, a processing fee is charged at ₹50.
Mpokket Loan App Customer Care
If you are experiencing any issues when applying for a loan or require assistance regarding repayments or loan statements, feel free to get in touch with Mpokket’s customer support through email.
- Customer Support Email: Support@mpokket.com
- Note: Mpokket currently does not offer customer care via phone.
Why Choose Mpokket Loan App?
Well, these loans are very convenient. Mpokket Loan App makes personal loans very accessible and hassle-free. Be it for students or salaried professionals, the approval is fast and paperwork minimal. Also, it’s RBI-approved, and NBFC-certified, completely bolstering security and reliability.
Advantages:
- Instant approval in just 5 minutes.
- Loans up to ₹45,000.
- 100% paperless process.
- Flexible repayment options.
Mpokket Loan App Profile
Mpokket-a loan application Wells Founded by Gaurav Jalan in 2016. Carried out as a safe lending platform to needy individuals. The app has also been approved by the RBI and regulated by the NBFC.
Conclusion
The Mpokket Loan App is a reliable option for those that require urgent financing. Easy interface, quick approval time, as well as a secure platform render it an ideal loan provider in India. Whether you are suffering from an emergency or planning a personal expense. This is a way to make sure you have the money at the time Mpokket is needed the most.
FAQs
1. What is the maximum loan amount I can get through Mpokket Loan App?
You can get a loan ranging from ₹500 to ₹45,000.
2. Is Mpokket Loan App safe to use?
Yes, Mpokket Loan App is RBI-approved and NBFC-certified, making it completely safe and secure.
3. What is the interest rate for loans through Mpokket?
The interest rate ranges between 2% and 4% per month, depending on your credit score.
Braj Verma is a resident of Rajgarh in Madhya Pradesh and is a content writer and freelancer by profession. He has a degree in Political Science from Barkatullah University, Bhopal. He has expertise in subjects like credit cards, banking, loan, insurance, political analysis and digital marketing.