mPokket Loan – Instant Personal Loan Up to ₹2 Lakhs

A: mPokket offers short-term loans starting from ₹1,000, making it accessible for students and young professionals who need quick financial assistance.

A: Yes, students can apply for an urgent personal loan through mPokket. However, eligibility criteria must be met. You also need to submit your college ID card along with other required documents during the application process.

A: A good credit score, stable income, and accurate documents with a good repayment history may increase the chances of approval.

A: You can complete your mPokket loan repayment using online payment options such as UPI, digital wallets, debit cards, and other supported digital payment methods.

A: You can get an mPokket Personal Loan for a tenure ranging up to 24 months.

A: You can reach out to the customer care team of mPokket through any of the following mediums:

• Email ID: support@mpokket.com

• Phone No:

  033 6645 2400 (Monday to Sunday from 9 am to 7 pm)
   

Ensure to mention your loan account number and contact details when sending an email. The customer care team will respond to your query or grievance within 7 business days.

A: No. It is mandatory to submit documents like ID proof, address proof, income proof, etc., when applying for a loan from mPokket.

A: A processing fee ranging from ₹50 to ₹200 plus 18% GST on the loan amount may be levied. mPokket late payment charges may apply if you miss your repayment due date. You can view applicable charges and details via your mPokket login.

A: mPokket Personal Loan is a good option to meet short-term financial needs quickly.

A: On Bajaj Markets, you could get a loan from mPokket ranging from ₹1,000 to ₹2 Lakhs for short-term needs. Additionally, the lender provides secure direct bank transfer for seamless fund transfer and convenient repayment options like bullet payments and regular EMIs.

A: Yes, mPokket operates as a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India, which means they follow its regulatory guidelines. They hold a valid certificate of registration from RBI dated 12.10.2020 as per section 45 IA of the Reserve Bank of India Act, 1934.

A: You might not need your CIBIL score for personal loan approval as mPokket also caters to those new to formal credit. The small credit lender could assess your eligibility through other means like income and profile verification.

A: mPokket offers personal loan interest rates starting from 18.96% p.a..

A: You can apply for an mPokket loan by clicking on ‘Apply Now’ on this page. Enter your personal and professional details, choosing the loan amount and tenure, and submit the application. After review, a representative may contact you, and upon approval, the amount is disbursed.

A: If you miss a repayment, additional charges or penalties may apply as per the loan agreement. Delayed payments can also affect your credit profile and future borrowing eligibility. It is advisable to repay on time and review the loan terms carefully to understand any applicable fees or consequences of missed payments.

A: “30+90 days” typically refers to a split repayment tenure, where an initial short repayment period (such as 30 days) is followed by an extended period (such as 90 days) for the remaining amount. This structure offers flexibility to borrowers in managing repayments over a slightly longer duration.

A: No, you do not need an existing CIBIL score or credit history to borrow from mPokket. mPokket caters to first-time borrowers and focuses on other eligibility factors like your age proof, college ID/employment details, PAN, and Aadhaar. By borrowing and repaying on time, you can actually build a good credit profile