What is MPocket app.
MPokket is an app lending platform. MPokket provides instant personal loans to all the college students and recent graduates from college (got a job offer or started working as a professional). … The loan amount is sent via instant credit to the bank account or Paytm wallet.
MPocket Products Loan Types.
- Student Loan
- Low salaried Loan
- Cash Loan
- Easy Loan
- Quick Loan
- Short time Loan
What is the minimum salary to get personal loan?
If you’re registered as a full-time employed profile with us, you’re monthly salary should not be less than Rs.9,000. We do not provide personal loan without salary slip. We also do not provide personal loans for self-employed with no proof of income.
Can I get loan without income proof?
Depends. If you’re a college student, you can avail no income proof loans. If you’re a young professional, you will not get an instant personal loan without income proof. You will have to provide your bank statement & other income proof documents
In which state provide MPokket Loan?
Why I should choose on MPocket App?
- 100% paperless and digital process on mobile
- 24×7 access to loan/money
- Quick Approval
- Low processing Fee, longer tenure and attractive interest rate
- Fast Disbursal
- Directly disbursed to your bank account
- Pan-India access
- Convenience of payment through various methods
- Repay on time improves credit score and get access to higher amounts
- Repay later option lets you pay part of the loan on the due date & extend repayment term multiple times.
What Documents is required MPocket App For student Loan?
- Pan Card
- Aadhar Card
Is mPokket legal in India?
Yes, MPokket app is absolutely legal, safe to use and the best loan app in India.
How can I trust on MPocket App?
It is categorized as a Non-Systemically Important Non-deposit taking NBFC. The Company has incorporated the FPC guidelines issued by the Reserve Bank of India (RBI) vide its Circular dated September 28, 2006 which was modified from time to time.
MPocket Instant loan provider, mPokket is hopeful of increasing disbursement to Rs 2,000 crore in the current financial year from Rs 1,200 crore a year ago on the back of a pick-up in economic activity and decline in COVID-19-induced delinquency, said its founder and CEO Gaurav Jalan.
“We disbursed Rs 1,200 crore in 2020-21 and expect to disburse more than Rs 2,000 crore in 2021-22,” said Jalan whose company is engaged in providing loans ranging from Rs 500 to Rs 20,000 though a lending app.
Lockdown-triggered slowdown in economic activity has eventually led to a rapid increase in adoption of online commerce, he said adding that the trend is likely to continue in the immediate future and would pick up with growth bouncing back.
Jalan said that over time, the company will aim to continue making its products available to newer customer segments, such as self-employed people and micro-businesses. In due course, mPokket is also looking to expand its suite of products in an effort to provide customers with more options, both in terms of credit as well as other financial products.
“But, to answer your question specifically, we want our disbursements to grow between 70 per cent and 100 per cent year-on-year in FY2021-22,” he said in an interaction with PTI. To know more, you can visit their official website.
Disclaimer: We only give information about applications, Loans, NBFCs, Bank, Jobs, New Scheme by reading their official website and analyses all the things. You will get the loan through Mpocket App.