mPokket: Instant Personal Loan

mPokket is now on iOS!

Get an instant personal loan or business loan up to Rs. 2,00,000 in just a few minutes.

mPokket is a loan app trusted by more than 6.5 Crore registered Indians. We provide loans for business owners, gig workers, self-employed individuals, salaried professionals, and freshers or interns pursuing education with part-time income.

Whether you need money to grow your business, pay for an emergency, cover travel costs, or meet daily expenses, mPokket offers a 100% digital process to help eligible customers receive funds directly in their bank accounts.

Products

Personal Loans

Business Loans

Why Choose mPokket?

Get loans up to Rs. 2,00,000.

Join over 6.5 Crore registered users.

Repay through convenient EMIs with tenures ranging from 6 to 24 months.

Complete the application process online with minimal documentation.

Loans are provided by mPokket Financial Services Private Limited, an RBI-registered NBFC.

Get rewarded for repaying your loan on time.

Customer support is available to assist you.

How to Apply for a Personal Loan

1. Install the mPokket app.
2. Register using your mobile number and email address.
3. Submit your KYC details and other required information.
4. Complete the verification process and get an approval decision.
5. Add your bank account and receive the loan amount directly into your bank account, subject to approval.

How to Apply for a Business Loan

1. Install the mPokket app.
2. Register using your mobile number and email address.
3. Submit your KYC or KYB details and the required personal and business information.
4. Complete the verification process and get an approval decision.
5. Add your bank account and receive the loan amount directly into your bank account, subject to approval.

Interest Rates and Fees

Processing Fee: Starting from Rs. 37.50 plus 18% GST, depending on the loan amount and category.

Monthly Interest Rate: 1.58% to 3%.

Maximum Annual Interest Rate (AIR): 36%.

Maximum Annual Percentage Rate (APR): 57.80%.

Example of a Business Loan Calculation

Loan Amount: Rs. 2,00,000

Tenure: 24 months

Interest Rate: 19% per annum

Processing Fee: Rs. 10,000

GST on Processing Fee: Rs. 1,800

Stamp Duty: Rs. 100

Disbursed Amount: Rs. 1,88,100

Total Interest: Rs. 42,021

Other Fees Including GST: Rs. 138.30

APR: 25.5%

Monthly EMI: Rs. 10,143

Total Loan Repayable Amount: Rs. 2,42,021, excluding applicable payment gateway charges.

Example of a Personal Loan Calculation

Loan Amount: Rs. 50,000

Tenure: 12 months

Interest Rate: 24% per annum

Processing Fee: Rs. 1,875

GST on Processing Fee: Rs. 338

Disbursed Amount: Rs. 47,787

Total Interest: Rs. 6,723

Other Fees Including GST: Rs. 56.74

APR: 31.70%

Monthly EMI: Rs. 4,728

Total Loan Repayable Amount: Rs. 56,723, excluding applicable payment gateway charges.

Lender Information and Privacy

Loans are provided by mPokket Financial Services Private Limited, an RBI-registered NBFC.

We collect and analyze transactional SMS data available on the user's device to assess creditworthiness, subject to applicable permissions and privacy terms.

Support

Email: [[email protected]](mailto:[email protected])

Website: https://www.mpokket.in

Address: PS Srijan Corporate Park, Tower 1, 1204, Sector V, Kolkata, West Bengal 700091.