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mPokket Loan

4.5/5

15.6L Reviews

5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
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Money in your account instantly

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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max Loan Amt.Upto 25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee6,500
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto 25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto 25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
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Key Highlights of the mPokket Personal Loan App

Interest rate Up to 36% p.a.
Loan amount Up to Rs. 2 lakh
Tenure Up to 2 years
Processing fee 3.75% of the loan amount

Detailed mPokket Personal Loan Interest Rate Slabs (2026)

As of 2026, mPokket personal loan interest rates ranges from 22% to 36% p.a., depending on the credit profile of the applicants. Since the customer segment that mPokket caters to carries a high credit risk due to no or limited credit history, the interest rates offered are higher compared to other lenders. Below mentioned is the detailed breakdown of personal loan interest rate offered by mPokket.

Loan amount Tenure Interest rate (p.a.)
Rs. 1,000 - Rs. 5,000 6 months 27% - 36%
Rs. 5001 - Rs. 45,000 1 year 24% - 30%
Rs. 45,001 - Rs. 1 lakh 6 months - 2 years 22% - 30%
Rs. 1,00,001 - Rs. 2 lakh 18 months - 2 years 22% - 24%

mPokket Rs. 50,000 Personal Loan Interest Rate Breakdown

For a personal loan of Rs. 50,000, mPokket offers personal loan interest rates ranging from 22% - 30% p.a. The lender sets its personal loan interest rates after factoring in the the weightage average cost of funds, opportunity cost of cash reserves, operating cost of processing fee, net credit risk premium, etc.

mPokket Personal Loan Eligibility Criteria

Indian nationals who are 18 years and above are eligible for mPokket personal loans. The lender might also assess the creditworthiness of the applicant based on the age, credit score, employment profile, and monthly income, etc. of its personal loan applicants.

Also Check: Personal Loan Eligibility for all banks & NBFCs

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Documents Required for mPokket App Approval

Below-mentioned are the documents required for the mPokket app approval:

  • Aadhaar card
  • PAN card
  • Salary slips
  • Bank statements
  • ITRs

Also Check: Personal Loan Documents List

mPokket Loan vs Alternative Micro-Lending Apps

Features Lenders
mPokket Fibe Navi
Interest rates Up to 36% p.a. 18% p.a. onwards Up to 29.96% p.a.
Loan amount Up to Rs. 2 lakh Up to Rs. 20 lakh Up to Rs. 10 lakh
Loan tenure Up to 2 years Up to 3 years Up to 7 years
Disbursal time In 7 minutes In 2 minutes Instant disbursal

Not sure which Personal loan app is right for you? Compare Kissht, KreditBee, Navi, and Fibe side-by-side on Paisabazaar and choose the option that best fits your needs. You can check key details in one place and apply online in just a few clicks without affecting your credit score.

FAQs

How to get a personal loan from mPokket without income proof?

You can submit your bank statements or recent ITRs to avail a personal loan from mPokket if you do not have any income proof.

Is the mPokket loan app safe by RBI guidelines?

Yes, the mPokket loan app is safeguarded by RBI guidelines.

What happens if I do not pay my mPokket loan on time?

If you do not pay your mPokket loan on time, you will be charged a penalty and your credit score will drop drastically.

What is mPokket loan eligibility for self-employed individuals?

mPokket self-employed personal loan applicants should be Indian nationals aged 18 years and above.

How much CIBIL score is needed for the mPokket cash loan?

mPokket has not specified the CIBIL score required to avail a cash loan. However, applicants with a credit score of 760 and above usually have higher chances of getting their loans approved.

What is the minimum income required for an mPokket loan?

mPokket has not specified the minimum income required to avail its personal loan product. However, applicants having an EMI/NMI ratio below 55%, including the existing EMIs and EMI of the proposed personal loan, are eligible for mPokket personal loans.

What is the current mPokket loan interest rate in 2026?

The current interest rate of the mPokket personal loan ranges from 22% to 36% p.a.

Can I get an mPokket loan without salary slips?

Yes, you can get a mPokket personal loan without salary slips.

What are the foreclosure charges on an mPokket personal loan?

mPokket has not disclosed its foreclosure charges. However, the personal loan foreclosure charges usually range up to 4% only after a lock-in period of 1 year.

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What our customers say

Smooth & hassle-free loan approval experience

I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

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Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

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Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

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Kirubagaran GanesanFeb 24, 2026

Reliable help when i needed it most

I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

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DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

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BhupendraFeb 18, 2026

My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

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Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

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Kokil BarnwalFeb 12, 2026

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

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Riyaj AtarFeb 9, 2026

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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Puja DanuJan 22, 2026

Sabse jada helpful log the yaha

Maine bht jagah try kiya tha personal loan ka, yaha try kiya toh helpful log mille. Har steps mai aram se samjhaya or usse muhje loan lene mai jda dikkat nhi aayi.

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Anuradha GuptaJan 21, 2026
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Anubhuti Agrawal profile
Written ByLinkedIn icon
Anubhuti Agrawal
Shamik Ghosh profile
Reviewed ByLinkedIn icon
Shamik Ghosh

Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.

The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.

The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.

Address: Paisabazaar Marketing & Consulting Pvt. Ltd. 135 P, Sector 44, Gurugram (HR) 122001

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