mPokket offers instant personal loans to students and young professionals between Rs. 500 - Rs. 30,000 without any collateral or guarantee. The company aims to make the youngsters financially self-dependent and encourages them to understand the importance of investments and savings.
Apply for mPokket Personal Loans at Bajaj Markets, for the instant disbursal of a loan amount. With the online application process, the company overcomes geographical limitation, which is especially beneficial for applicants in rural areas.
Check out the mPokket Personal Loan details in the table below -
Rate of Interest
2% -4% (monthly)
Rs. 500 - Rs. 30,000
Processing fee: Rs. 50 to Rs. 200 + 18% GST depending on the loan amount with maximum APR of 48%
Up to 90 days
mPokket charges minimal interest on mPokket instant loans from its customers. The personal loan interest rate varies from 2% to 4% monthly depending upon the credit history, bank records, etc., of an applicant.
There are various features and benefits of Personal Loan from mPokket -
High Loan Amount: The applicants can avail mPokket instant loan of up to Rs. 30,000 via online loan application at Bajaj Markets.
Zero Collateral: The applicants can enjoy a hassle-free and quick mPokket Personal Loan approval without any collateral.
Flexible Repayment Tenure: mPokket offers flexibility to its applicants to select the repayment tenure of up to 90 days as per their needs and budget.
Online Application Process: The mPokket loan process is simple and user-friendly. The applicants can complete the loan process anytime as per their convenience with minimal documentation.
Instant Fund Disbursal: Once approved, the applicants get an instant fund transfer in their bank account.
Check out the eligibility parameters of mPokket Personal Loan -
The applicant should be a native of India.
The applicant should be above 18 years old.
The applicant should have a minimum monthly income of Rs. 9,000.
The monthly income should be credited into the applicant's bank account and not in the form of cash.
The documents required for mPokket instant loan are -
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.
mPokket understands the struggles of student life, therefore offers minimal interest rates and a flexible repayment system, which enables the applicants to choose the EMI amount according to their monthly budget. The applicants can also use an online personal loan EMI calculator to compare and analyse the ideal EMI amount.
To find the mPokket Personal Loan EMI amount, just enter the values like loan amount, interest rate, tenure, etc. and click submit. The EMI amount will be displayed on the screen.
To apply for a mPokket instant loan online at Bajaj Markets, follow these quick and simple steps -
Application Form: Fill in all the mandatory and primary details in the online application form and attach supporting documents.
Choose the Lending Partner: Select mPokket as your partner for an instant loan. It is vital to have a lender who offers loans according to your budget.
Loan Details: Enter your loan amount, and loan tenure, and select the EMI module to proceed with your mPokket loan process.
Approval & Disbursal: Once the documentation and verification process is completed, your mPokket Personal Loan will be approved. Once approved, the company will instantly transfer the loan amount to the applicant’s bank account.
Online Procedure: The applicant can apply for mPokket Personal Loan via Bajaj Markets online at any point in time, to enjoy a smooth and stress-free experience. The applicant can also track their application status online for quicker and faster updates.
Zero Additional Charges: The services offered by the Bajaj Markets are free of cost, with zero additional charges involved in the mPokket loan process or any other service rendered by them.
Safe Platform: The specially curated security system with strong encryption ensures the security of customers’ personal and financial information, making it a secure platform.
The customers can avail of care services from Monday-Saturday between 10 am -7 pm. They can contact -
Toll-free Number: 033- 6645-2400
The mPokket Personal Loan interest rate ranges between 2%-4% depending upon the applicant’s profile, credit history, etc.
To borrow a mPokket instant loan online, the customers can fill out an application form at Bajaj MARKETS or on the official mobile app of mPokket.
The students can apply for a mPokket Personal loan, however, they will have to qualify certain eligibility parameters and submit their college ID card with other documents
Through Bajaj MARKETS you can avail a maximum of Rs. 30,000 mPokket Personal Loan if you meet all eligibility parameters.
A good credit score or credit history and healthy repayment record increases the chances of loan approval from mPokket.
To mPokket Personal Loan borrowing limit is dependent upon the repayment capability, bank records, credit history, etc. If the applicant holds a good track record, the company increases the borrowing limit.
The registration process for mPokket Personal Loan is simple, the applicants will have to fill out the form and attach documents. Ensure that they also mentioned KYC details and submit the application.
The applicants can repay their mPokket Personal Loan using any of the online payment mediums, digital wallets, UPI etc.