Loan start with ₹500 – ₹30,000 | instant loan for student + salired .

This is one portal, which majorly specialises in short-term loans for students and salaried people. It helps in getting fast instant cash with prior approval so that you can get rid of your cash crunch and get done with daily transactions and chores. The best part about the low-interest loan app is that you can directly credit your approved short-term loan money to any digital wallet like PayTm, bank accounts, etc. You do not need to open a different bank account or start a new UPI system. You can also buy directly from online portals, which makes it easier for people to handle transactions. This is one of the reasons why people love using mPokket regularly. Salaried people can avail short term loans up to INR 30,000, with just their proof of employment and salary credits. Students do not need any proof apart from their membership to any institution.

  • Interest Rate Per Month – Starts from 3.5 percent
  • Maximum Loan Amount – 30,000
  • Minimum Loan Amount – Rs. 500
  • Documentation – (A) For Student Loan – Identity proof (voter card/ driving license/ passport/ Aadhar card), College ID card, PAN card; (B) For Salary Loan – Identity proof (voter card/ driving license/ passport/ Aadhar card), PAN card, Form 16, Company’s ID card, Salary slip of the bank account where your salary is credited by your company
  • Features – Apply directly using an ID card, 100% online process with minimum documentation, Application is approved within 24 hours and you can get the money credited into your bank account or PayTM wallet, Easy repayment through various options, Provides good credit scores
This is very suitable for students and part-time workers who are studying in college They are not available in all locations They have a longer credit period mPokket needs guarantors for certain loan sanctions They provide loans with lesser interest rates You can directly do transactions and avail discounts from their app and platform .

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The documentation process on this application is very easy and instantaneous You will need certain documents verified, which takes a lot of time It provides loans to the first-time loanees and people with zero credit history You cannot take heavy loans if you have a bad credit rating The loans can be fast-tracked and easily approved The EMI plans are affordable and depend on the credit score .
Looking for a Personal loan app in India? mpoket is a personal loan app that offers loans up to Rs.5 lakhs at attractive interest rates, zero collaterals, and flexible EMIs.

mpoket provides personal loans from Rs.5,000 to Rs.5,00,000 with an Annual Percentage Rate (APR) between 16% to 36% on a reducing balance basis.

mpoket is present in 180+ cities in India, including Mumbai, Bengaluru, Kolkata, Chandigarh, Chennai, and Delhi NCR. mpoket has partnerships with NBFCs/Banks registered with RBI such as Credit Saison India, Fullerton, IIFL, and PayU Finance.

We have disbursed over 1 lakh personal loans in the last 12 months. We are a personal loan app in India that offers easy and quick loans to salaried individuals.

Why Choose mpoket for Personal Loans ?

● Affordable interest rates
● Convenient and affordable EMIs
● Two-minute loan application
● Paperless documentation
● Loans available for those with low credit scores

Representative example: The standard processing fee is 2.5% of the loan amount.

For instance, if Anil takes a loan of ₹1 lakh for 24 months, he will be charged an APR of 24%. Also, he will be charged a processing fee of ₹2,500. So, Anil will pay his loan back in 24 EMIs of ₹5,391 each. He will pay total interest of ₹29,384. Hence, the total cost of the loan will be ₹1,31,884

Calculate your EMI with our EMI calculator on mpoket. The loan EMI calculator provides the freedom of deciding your own loan term and EMI amount. You can check EMI Plans for different loan terms. The calculator considers interest, principal loan amount, and tenure of the personal loan. Accordingly, it displays the amount of money you need to pay every month and the total interest payable.

Main Personal Loan Eligibility Criteria ?

● You must be a resident of India
● Your age must be between 21 and 60 years
● Your net monthly take-home salary should be more than ₹18,000 for Mumbai and Delhi based users.
● Your net monthly take-home salary should be more than ₹15,000 for other locations.
● You must be based in any one of the 180+ cities we serve across India

Pre-Payment and Late Payment Charges ?

The loan tenure is anything between 3 and 60 months. EMI and interests are then calculated basis the tenure chosen.

Pre-payment is allowed after 6 EMI payments. The foreclosure charge is 4% +18% GST on the remaining principal amount.

The Late Payment Charges are ₹500 +18% GST (₹590) upon failure to pay the EMI on the fixed date.


mpoket has been identified amongst the Top 100 Fintech innovators in the world by a KPMG and H2 Ventures report

You can use the mpoket app for multiple purposes. ?

● Personal Loan for Marriage / Weddings
● Personal Loan for New / Used Car and Two-Wheeler
● Personal Loan for Education
● Personal Loan for Medical Emergencies
● Personal Loan for Consumer Durables
● Personal Loan for Credit Card Bills
● Personal Loan for Home Renovation
● Personal Loan for Travel

How to Apply for Instant Personal Loan Online?

● Install the mpoket online loan app
● Register and check your personal loan eligibility
● Provide KYC documentation like ID proof (Aadhar/PAN/Voter ID), address proof (Aadhar/Utility bills/Rental Agreement), income proof (bank statement) and a photograph.
● Sign application and get speedy approvals
● Once approved, the loan amount will be credited to your account

Security and Privacy Policy

mpoket personal loan app ensures safety via standard security and privacy standards to protect its database. Our app is safe and secure and we do not share customer information with third parties without consent.

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