mPokket Instant Loan App
Complete guide to mPokket instant loans with interest rates, repayment options, customer care, and user reviews
Priya Sharma
Fintech Expert
Interest Rate
0% - 4%/month*
Loan Tenure
61-120 days
Loan Amount
₹500 - ₹30,000
Processing Fee
4% + GST
- Instant approval in 10 minutes
- 100% digital and paperless process
- No credit score required
- Special loans for students
- Flexible repayment via UPI/Paytm
- Convert to EMI option available
mPokket is India's premier instant loan app designed specifically for college students and young salaried professionals. Founded in 2016, mPokket has revolutionized the digital lending space by offering quick, hassle-free loans ranging from ₹500 to ₹30,000 with approval times as fast as 10 minutes. The app has served over 5 million users and disbursed loans worth thousands of crores, making it one of the most trusted names in instant lending.
College Students
- • Must be 18 years or older
- • Enrolled in a recognized college
- • Valid college ID required
- • Bank account mandatory
Salaried Professionals
- • Age below 40 years
- • Regular salary credits
- • Last 3 months salary slips
- • Company ID proof
Pros
- Fastest approval in 10 minutes
- No credit score needed
- Student-friendly loan options
Cons
- ✕Higher interest rates (up to 4%/month)
- ✕Limited loan amount (max ₹30,000)
- ✕Short repayment tenure (max 120 days)
Is mPokket safe and RBI registered?
Yes, mPokket operates through RBI-registered NBFC partners and follows all regulatory guidelines for digital lending in India.
Can students without income apply?
Yes, college students can apply with just their college ID and bank account. No income proof is required for student loans.
How fast is the loan approval?
mPokket offers approval in as fast as 10 minutes with instant disbursement to your bank account or Paytm wallet.