mPokket Review

Instant micro-loan app targeting students and young professionals with small loan amounts.

FINTECHNo CIBIL NeededZero PrepaymentZero Foreclosure

Quick Facts

₹2L

Max Loan

22.00% – 36.00% p.a.

Interest Rate

Within minutes

Disbursal

6 – 24 months

Tenure

3.75% of loan amount

Processing Fee

Rs 9,000 per month

Min Income

Loan Details & Charges

Loan Amount Rs 1,000 – Rs 2,00,000
Interest Rate 22.00% – 36.00% p.a.
Tenure 6 – 24 months
Processing Fee 3.75% of loan amount
Late Payment Penalty on overdue amount
Prepayment No prepayment charges
Foreclosure No foreclosure charges

Eligibility Criteria

Age 18-60 years
Min Income Rs 9,000 per month
CIBIL Score Not required
Employment salaried, student
Documents Aadhaar Card, PAN Card, College ID (for students)

Our Verdict

mPokket is a solid option in the instant loan space.

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Disclaimer: BankCreds.com is a loan comparison platform and does not directly lend, disburse, or provide any financial products. We aggregate and display loan offers from RBI-registered banks and NBFCs to help you make an informed decision. All loan applications are processed directly by the respective lender. Interest rates, charges, eligibility, and terms shown are indicative and subject to the lender's final assessment. Please read the lender's terms and conditions carefully before applying.