| Loan Amount | ₹100,000 |
| Interest % | 8 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,699 |
| Total Interest | ₹ 4,386 |
| Loan Amount + Interest | ₹ 104,386 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 16,118 | ₹ 1,280 | ₹ 17,398 | ₹ 83,882 | 16.12 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 83,884 | ₹ 3,106 | ₹ 86,990 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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A smartphone application called mPokket offers college students and recently employed people in India an immediate personal loan. The loan amount can range from Rs. 500 to Rs. 20,000, and upon acceptance, it is immediately credited to your bank account or Paytm wallet. The loan may be reimbursed in 3 months with a debit card, UPI, or Paytm wallet and has an interest rate of 1% to 6% each month.
You might be wondering what an instant loan is and why you should take only from mPokket. Here are the explanations.
Majorly mPokket serves in three verticals of Instant loans, so let's talk about them:
If you're a student, then you know what it feels like. The regular education expenses and the additional costs eat into your savings and the limited scholarship amount that you get. There are times when those expenses and costs simply run over your budget and you need cash to meet them. That's where mPokket can help. It's an instant loan application that allows students to get a quick online personal loan for education-related expenses or for anything else for that matter. With extremely low-interest rates and no long-term commitment, mPokket is one of the best instant loan apps for students.
| Loan Amount | Up to Rs. 30,000 |
| Repayment Tenure | 4 months |
| Collateral Requirement | Not Required |
| ROI (Fixed/Floating) | Fixed |
| Interest Rate | 2%-4% monthly |
| Processing Fee | Rs. 50 to 200 + GST |
mPokket instant salary loans offer you a convenient and quick way to get additional cash to meet your monthly expenses. The repayment period can be customized based on your requirement. You need not fill out any application form or make multiple visits to the lender's office to get a personal loan from mPokket. All you have to do is fill in the details of your income, and basic expenses and upload the required documents to avail of a personal loan instantly. Get ready to fire up new dreams that have been lingering due to insufficient money flow in your account by availing of a mPokket salaried person loan.
| Loan Amount | Rs. 500 to Rs. 30,000 |
| Repayment Tenure | 4 months |
| Collateral Requirement | Not Required |
| ROI (Fixed/Floating) | Fixed |
| Interest Rate | 2%-4% monthly |
| Processing Fee | Rs. 50 to 200 + GST |
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
One of the most important steps. Now you will have to submit all the required documents digitally.
Once your application is approved based on your eligibility, the amount will be disbursed to your account shortly.
| Year | Principal (A) | Interest (B) | Total Payment (A+B) | Balance Principal | Loan Paid Till Date |
|---|---|---|---|---|---|
| 2022 | ₹ 20,000 | ₹ 1,522 | ₹ 21,522 | ₹ 0 | 100.00% |
| Aug | ₹ 4,781 | ₹ 600 | ₹ 5,381 | ₹ 15,219 | 23.90% |
| Sep | ₹ 4,924 | ₹ 457 | ₹ 5,381 | ₹ 10,296 | 48.52% |
| Oct | ₹ 5,072 | ₹ 309 | ₹ 5,381 | ₹ 5,224 | 73.88% |
| Nov | ₹ 5,224 | ₹ 157 | ₹ 5,381 | ₹ 0 | 100.00% |
The highest loan amount MPokket Instant Personal Loan can allow a student to avail of is Rs. 30,000.
Yes, you can shift your MPokket personal loan midway but only once you pay the first EMI installment.
You can check your status online through mPokket's App. To get started, download the MPokket App. After logging in with your details, you'll see your open loans in the activity section of the MPokket App.
The MPokket Instant personal loan application process is entirely paperless and straightforward. So you can get the loan approved within a few minutes.
The MPokket Instant personal loan interest rates vary from 2% to 4% monthly, depending upon your credit scores and bank records.
