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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: [support@mpokket.com](mailto:support@mpokket.com)
Website: https://www.mpokket.in
Address: PS Srijan Corporate Park, Tower 1, 1204, Sector V, Kolkata, West Bengal 700091.