Avail Instant Personal Loans ✓ Loan up to 50 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation! Apply Now

mPokket offers instant personal loans between ₹500 and ₹30,000, without any collateral to students and young professionals. The company aims to make youngsters financially self-dependent and offers access to helpful financial services.

With the online application process, the company overcomes geographical limitations, which is especially beneficial for applicants in rural areas. You can apply for the mPokket Personal Loan on Bajaj Markets and enjoy instant disbursal. 

Read on to know mPokket loan details and more.

mPokket Personal Loan Details

Check out the mPokket Personal Loan details in the table below -



Rate of Interest

2% - 4% (monthly)

Loan Amount

₹500 - ₹30,000

Processing Charges

₹50 to ₹200 + 18% GST (depending on the loan amount with a maximum APR of 48%)

Repayment Tenure

Up to 90 days

Disclaimer: Above-mentioned rates and charges are subject to changes at the lender’s discretion. 

mPokket Personal Loan Interest Rates

Currently, the mPokket personal loan interest rate ranges from 2% to 4% per month. 

The  personal loan interest rate you get dictates the feasibility of the loan. It is one of the major factors that influence the amount of your repayment instalment, i.e., the EMI. As such, a lower interest rate is generally preferred.

The mPokket interest rate for a personal loan is competitive, making it an affordable financing option for many. 

However, do note that the interest rate offered to you will depend on your credit history, bank records, your credit score/ CIBIL score and other factors. 

mPokket Processing Fees & Charges

mPokket loan limit ranges up to ₹30,000. Basis that, interest rates, processing fees and other charges will influence the total cost of borrowing. The mPokket instant loan comes with a processing fee ranging between ₹50 and ₹200, excluding taxes.

The processing fee you will have to pay is mentioned when you apply for the mPokket student loan or loan for salaried applicants.

mPokket penalty charges apply, in case you make late payments or there’s any default.

mPokket Personal Loan: Eligibility Criteria

The mPokket personal loan eligibility criteria are simple to meet, making it easy to get the loan you need. Here are the terms to note: 

  • You must be an Indian citizen 

  • You must be above 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

mPokket Personal Loan: Documents Required

Along with meeting the above personal loan eligibility criteria, you need to submit the following documents to apply for the mPokket loan. Apply online only after you have these documents to enjoy a seamless application process.

The required documents are:

  • Passport-size photographs

  • KYC details

  • 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.

Calculate mPocket Loan EMI

Loan Amount
  • Months
  • Years
Rate of Interest

Monthly EMI

at % interest rate for months

Total Amount Payable
Principal Amount
Total Interest Amount
Year Principal Interest Balance

With competitive personal loan interest rates, you get affordable financing. However, to manage your finances better, you can use the online personal loan EMI calculator. This tool gives you an estimate of the EMI you will have to pay. 

To find the mPokket Personal Loan EMI amount, just enter the loan amount, interest rate, loan repayment tenure, etc. The tool will calculate your EMI estimate instantaneously, allowing you to quickly check the affordability before applying. 

Features & Benefits of mPokket Personal Loan

High Loan Amount

You can avail mPokket instant loan of up to ₹30,000 on Bajaj Markets.

Zero Collateral

You can enjoy hassle-free and quick mPokket Personal Loan approval without any collateral.

Flexible Repayment Tenure

mPokket offers flexibility to select a repayment tenure of up to 90 days as per your needs and budget.

Online Application Process

The mPokket loan process is simple and user-friendly. You can complete the loan process anytime at your convenience, with minimal documentation.

Instant Fund Disbursal

Once approved, you get an instant fund transfer to your bank account.

Comparison of mPokket Personal Loan Interest Rates with Other Partner Lenders

Given below is an overview of the personal loan interest rates offered by partners on Bajaj Markets. Comparing the interest rate will enable you to get the funding you need at an affordable cost.

Lending Partner Name

Interest Rate Range

Avail Laon


30% p.a. Onwards

Apply Now


14% p.a. Onwards

Apply Now


15.95% p.a. Onwards

Apply Now

IIFL Finance

18% p.a. Onwards

Apply Now


21% p.a. Onwards

Apply Now


15% p.a. Onwards

Apply Now

Kotak Mahindra Bank

10.99% p.a. Onwards

Apply Now

L&T Finance

11% p.a. Onwards

Apply Now


16% p.a. Onwards

Apply Now


24% p.a. Onwards

Apply Now

Muthoot Finance

14.50% p.a. Onwards

Apply Now

PaySense Partners

14% p.a. Onwards

Apply Now


9.99% p.a. Onwards

Apply Now


2% p.m. Onwards

Apply Now

SMFG India Credit

12% p.a. Onwards

Apply Now


1.5% p.m. Onwards

Apply Now


10.99% p.a. Onwards

Apply Now

Disclaimer: The above interest rates and loan amount may vary at the lender’s discretion and your loan application.

Know How mPokket Personal Loans Can Help You

Availing a mPokket Personal Loan offers instant funds whether you are a student or a salaried professional. This instant loan can help in managing the regular expenses and other additional costs of students.

As a student, if you require funds to study additional courses, pay your monthly bills or manage an unexpected emergency, you can vouch on mPokket Personal Loans. 

Similarly, as a salaried employee, you can get funds credited to your account with minimal paperwork and quick approval. So, if your monthly salary is low and you require immediate funds, mPokket loans can help you manage your financial emergencies.

All you have to do is meet the required minimum eligibility requirements to avail a loan from mPokket. With such a simplified application process, these loans can help you sail through unexpected financial situations. 

Read More

How to Apply for mPokket Personal Loans

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 your bank account.

mPokket Personal Loan Customer Care Details

You can avail of care services from Monday-Saturday between 10 am -7 pm. You can contact:

  • Toll-free Number: 033- 6645-2400

  • Email: support@mpokket.com

Why to Choose Bajaj Markets for mPokket

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 have 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.

Read More

FAQs on mPokket Personal Loan

The mPokket Personal Loan interest rate ranges between 2%-4%. The interest rate you receive depends on your profile, credit history, etc.

To borrow an mPokket instant loan online, you can fill out an application form on Bajaj Markets or on the official mobile app of mPokket.

Yes, students can apply for an mPokket Personal loan. However, you will have to meet certain eligibility parameters and submit your college ID card with other documents.

Through Bajaj Markets, you can avail a maximum of ₹30,000 mPokket Personal Loan if you meet all eligibility parameters.

The minimum loan amount you can avail of from mPokket is ₹500.

A good credit score or credit history and healthy repayment record increase the chances of loan approval from mPokket.

The mPokket Personal Loan borrowing limit depends on your repayment capability, bank records, credit history, etc. If you hold a good track record, the company may increase the borrowing limit.

The registration process for mPokket Personal Loan is simple. You will have to fill out the form and attach documents. Ensure that you also mention KYC details and submit the application.

The maximum amount you can borrow with an mPokket personal loan is ₹30,000.


You can repay your mPokket Personal Loan using any of the online payment mediums, digital wallets, UPI etc.


Loan Offer
Download App
Credit Score