If you are a student or a young professional looking for short-term finance options, you can apply for a mPokket Personal Loan on Bajaj Markets. You can borrow amounts ranging from ₹500 to ₹45,000 for up to 120 days and make urgent payments for necessities like utility bills or rent. These loans are available at affordable interest rates starting from just 2% per month.
mPokket Personal Loan interest rates and charges are as follows:
Rate of Interest |
2% to 4% per month |
Processing Charges |
₹50 to ₹200 + 18% GST (depending on the loan amount with a maximum APR of 48%) |
*Disclaimer: The above-mentioned rates and charges are subject to changes at the lender’s discretion.
Year | Principal | Interest | Balance |
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The loan’s eligibility criteria are as follows:
You must be an Indian citizen
You must be more than 18 years old
You must have a minimum monthly income of ₹9,000
Your income must be credited into your bank account and not in cash form
Along with meeting the aforementioned criteria, you need to submit the following documents to apply for the loan:
Passport-size photographs
College ID for student applicants
Identity Proof - Aadhaar card, Passport, etc.
Address Proof - Aadhaar card, Utility bills, etc.
Income Proof - Bank statements, salary slips for the last three months, etc.
To apply for this loan on Bajaj Markets, follow these quick and simple steps.
Select the ‘Apply Now’ option
Provide your basic personal information like name, date of birth, etc.
Choose ‘mPokket’ from the list of lenders
Enter the loan amount and tenure required
Click on ‘Submit’ to proceed
Following this, an executive will contact you for further proceedings.
Yes, students can apply for this loan. However, you will have to meet certain eligibility parameters and submit your college ID card, along with other documents.
You can borrow a minimum of ₹500 and a maximum of ₹45,000 from mPokket. However, the amount offered to you will depend on your eligibility.
A good credit score or credit history and healthy repayment record may increase the chances of loan approval.
You can repay your loan using any online payment medium like digital wallets, UPI, etc.
You can get an mPokket Personal Loan for tenures ranging up to 120 days.
You can reach out to the customer care team of mPokket through any of the following mediums:
E-mail ID: support@mpokket.com
Phone No: 033- 6645 2400 (Monday to Saturday - 9 am to 7 pm)
Ensure to mention your loan account number and contact details when sending an e-mail. The customer care team will respond to your query or grievance within 7 business days.
No. It is mandatory to submit some basic documents like ID proof, address proof, income proof, etc. when applying for a personal loan from mPokket.