mPokket Instant Personal loan offers all college students and young working professionals instant personal loans. Borrowers can get loans ranging from Rs. 500 to Rs. 20,000, and the money is sent to their checking account or Paytm wallet instantly. mPokket Instant Personal Loan offers various benefits to the individuals before availing of the loan. Learn more about mPokket Instant Personal Loan for students and salaried individuals.
What is mPokket Instant Personal Loan App?
May bright Ventures Private Limited has created a smartphone application. This software gives students and salaried individuals fast financing. The app does not directly offer any loan products; rather, it serves as conduct between a borrower and a lender. When the app was first released, its primary goal was to make loans available to cash-strapped students. It grew popular among students in a short period of time, particularly among those who study outside.
Features of mPokket Instant Personal Loan
Some key features are offering mPokket Personal Loan to the users before availing the loan:
- Instant Cash: The app’s primary purpose is to provide borrowers with immediate cash. You can get instant loan approval by using the mPokket app. The loan money is disbursed into your bank account or Paytm wallet after approval.
- Flexible Repayment: The best personal loans available through this app are short-term loans with repayment options of 1, 2, or 3 months.
- Paperless Application Process: All you need is a smartphone to apply for a loan on this platform. mPokket online application process is entirely digital, so you won’t have to go anywhere or wait in big lines for approval. To apply for a loan, download the app, register as a user, upload your photo, and KYC papers.
- Rewards and Cashback: When users suggest this app to new consumers, they are rewarded with mPokket and cashback. These points also aid in the development of higher platform rankings, allowing users to obtain more credit.
Eligibility Criteria to Avail mPokket Instant Personal Loan
Listed below are the mPokket Instant Personal Loan eligibility criteria that help to avail the loan in a simple way either for salaried or students:
- For Students
- The applicant should be a minimum of 18 years old.
- The candidate must be enrolled in college.
- For salaried employees:
- The candidate must have recently graduated from college.
- The candidate should either have an offer letter or be employed.
Documents required for mPokket Instant Personal Loan
- For Students
- Proof of Identity (College ID)
- Address proof (voter ID card, driver’s license, or passport) is required.
- For salaried individuals
- Bank statement
- Copy of the offer letter or a salary slip.
How to use mPokket Instant Personal Loan Application?
The process to apply for mPokket Personal Loan application that helps to get the loan simply:
- Install the app on your phone or tablet.
- Upload your KYC documents, a photo, proof of address, or your student ID card (in case of student loan).
- Wait for the application to be verified by mPokket.
- Choose a loan amount, a repayment period, and a location to receive the payments (Bank or Paytm) Get the money in your bank account or Paytm wallet.
Conclusion for mPokket Instant Personal Loan:
In this article, you can avail mPokket Personal Loan in Mumbai at low-interest rates. Including the personal loan interest rates, eligibility criteria, and more. If you need to get more information, you can also visit the official website or contact customer care. You can also avail of the loan through Afinoz.com and get flexible repayment.