How to apply loan in mpokket ? mpokket app customer care
If you are a student, and in student life you need money to meet your needs, then with the help of mpocket App, you can get a loan and complete the necessary tasks like shopping, education fees. This app gives you loan in few minutes, which gets credited in your account immediately. In general, you find many apps on the Internet, which provide loan facilities, but mpocket App is such an app, which really gives you the facility of instant loan, but very few people know about mpocket App. happens. Through this article, you are telling about what is mPokket App, and how to take loan from mPokket and what is mPokket Customer Care Number.
What is mPokket App? (mPokket App)
mPokket App is one such mobile loan application. Through which instant student loan and salaried loan can be obtained. With the help of this application, students, students and working people can easily take student loan and salary loan. Through this app, personal loan can be obtained through 100% online process by applying very few documents. It is RBI approved, NBFC registered company, making it a reliable application. In this, you can get instant student and salary loan by applying for the loan without worrying about cheating and fraud. The NBFC company released the M Pocket app on the Google Play Store on 7 December 2016, which has been downloaded by more than 5 million people so far. Through this application, loan is available in a very short process, and the interest is also less.
mPokket Loan Documents Required
For job seekers
Aadhaar Card
Driving License
Pan Card
electricity bill |
Water Bill |
Rent Agreement |
bank statement |
Name and address of the company.
For student
Aadhaar Card
Pan Card
electricity bill |
Rent Agreement |
College ID, Marksheet, Admit Card |
mPokket Loan Eligibility
The person must be of India.
Applicant must be an adult (18 years or above).
College ID for Student Applicant |
The monthly income of the employed person should be 9 thousand, and the income should be received through bank account or cheque.
mPokket Loan Interest Rate
Interest rate and time limit are very important in any kind of loan, because on the basis of interest rate and processing fee, we come to know whether the loan to be taken is cheap or expensive. The loan on which the interest rate is higher, it is an expensive loan, because along with the principal, more interest has to be paid. Loans availed by mPokket carry an interest rate of 2 to 6 per cent per month, and the maximum APR can be up to 120%. How much interest or APR will be charged on the loan received by a person. It depends on his income, credit history and cibil score.
mPocket Loan Limit & Repayment Time
Before taking m-pocket loan, it must be known that how much loan can be taken from mpokket. The student or salary loan that we get through this application, we can easily meet the expenses of our monthly needs. mPokket App provides us instant loan / student loan and salary loan from 500 to 30 thousand rupees. To repay which we get 61 to 120 days time. The longer we take to repay the loan, the more interest we have to pay.
mPokket Loan Fees & Charges
On taking a loan through mPokket App, you have to pay a processing fee ranging from Rs 34 to Rs 203. In which 18% GST is imposed by the Government of India. Apart from this, there are no other hidden charges on the application. Even if you prepay the loan, you do not have to pay the foreclosure charges.
How to take loan from mPokket (mPokket Loan)
- First of all, download and install mPokket App by going to Google Play Store.
- After this, open the app, you will see the option of Get Started, click on it and proceed.
- After this put your mobile phone number.
- An OTP comes on your mobile number, enter it and proceed.
- Now you have to click on ALLOW option of Terms and Conditions in it
- After this you will see the option of sign up, in this you can also sign up in mpokket app with your Facebook ID.
- For this you click on the link of sign up with Facebook.
- Now you have to enter Facebook ID and Password.
- After this you will see full name and e-mail ID, here you have to enter the password, you can use symbols, alphabets and special characters to make your password strong, re-enter the password on Confirm Password and Click on the link to sign up.
- A page will appear in front of you, in this you will see the options of self employed, employed full time, student in you are currently.
- In this you have to click on the student link.
- You will reach the home page of mpokket app.
- Here you can increase the Borrow Limit by clicking on the option of Apply for Limit Increase.
- After this you complete your profile by filling some information.
- Now upload all the paperwork.
- After this, you have to record a selfie and selfie video for verification and tell that you are taking a loan from this app.
- If you are a student, then you have to upload your mark sheet or student ID card.
- Borrow Limit can be increased from Rs 500 to Rs 20,000, you can take loan only on the basis of Borrow limit.
- After this, choose the amount of loan you want to take, and the time you want to repay the loan.
- If you want to take more time to repay the loan, then you will have to pay more interest.
- After this, you fill your account information by choosing the option of Bank Account and confirm it.
- On acceptance of the loan application, money is sent to your account through mPokket App.
