Applying for a Loan Through the mPokket App

Introduction

Friends, mPokket is such an amazing platform which is RBI registered as well as NBFC. If you need money, then if you want, you can come here and apply for a loan. In this blog, friends, today I will tell you how you will apply for a loan on mPokket app. How much loan can you get here. What will be the interest rate on the loan. You are going to see all this in this blog today.

About mPokket App

Friends, to apply for a personal loan from m Pocket app, you have to install this app in your mobile phone. If we talk about the rating of the app, then it is 4.6 and if we talk about the downloads, then 10 million plus downloads of this app have also been done. The rating is also very good and the download is also very high.

The mPokketapp is also RBI registered and NBFC, which you will be able to see on the top of the screen.

Eligibility Criteria

Friends, if you apply for a loan in M Pocket, then:

• Your age should be at least 18 years plus.
• You should be a citizen of India.
• Your monthly income or salary should be ₹9,000 plus.
• You need the following documents:
  • PAN card
  • Aadhaar card
  • 3 months old bank statement
• If you are a college student, then you will also need a college ID card.

Loan Amount and Repayment

Friends, the mPokket platform currently offers a loan of up to ₹500 which you can apply as per your need.

• The time to repay the loan will be 6 months to 12 months.
• If you repay the loan timely, you will also be given rewards here friends.

Interest Rate and Processing Fee

• Processing fee starts at ₹40 + 18% GST, and depends on the loan amount and category.
• Interest rate starts from 2% per month and can go up to 3.25% per month.
• Annual Percentage Rate (APR) is also shown below.

Why Choose mPokket ?

Friends, it is written here that:

• Trusted by more than 3.5 crore Happy Customers
• A leading app for online personal loans with top ratings
• RBI registered NBFC
• Safe and reliable system with strict user data policy
• Funds will be disbursed exclusively to your personal bank account.

Loan Application Process on mPokket

1. Install the MPoket app on your mobile phone.
2. Open the app and create an account using your mobile number.
3. Fill in your basic details.
4. On the home page, click the option to apply for a loan.
5. Complete the application and, if approved, the loan will be transferred to your bank account.

⚠️ Friends, I could not show the process of applying for loan of mPokketbecause the screen record was not working.

Alternative Option: True Balance Loan App

That is why I will tell you about another app – True Balance.

• Rating: 4.5
• Downloads: 50 million plus
• RBI licensed NBFC with lending partners

From True Balance app, you can apply for:

• Level Up Loan
• Cash Loan

Features of True Balance App

Friends, the good thing about this app is that it has an EMI Calculator.

• Enter the loan amount (e.g., ₹20,000).
• Choose tenure (6 months or 12 months).
• It will show monthly EMI and interest rate.

Loan Application Steps on True Balance

1. Select the purpose of loan – medical emergency, business, house repair, salary delay, education, or personal emergency.
2. Select marital status – married or single.
3. Choose your education level.
4. Select housing type – own house, rented, or relative’s house.
5. Mention your employment status – salaried, self-employed, student, or housewife.
6. Provide work experience years.
7. Enter your company/shop name.
8. Select industry type – food service, manufacturing, retail shop, medical, IT, banking, etc.
9. Mention whether you are a manager, owner, professional, or worker.
10. Enter monthly income details.
11. Provide date and mode of receiving income – bank account, cheque, or cash.
12. Choose app language.
13. State whether you have taken a loan before.
14. Verify your email ID.
15. Complete KYC with PAN and Aadhaar.

Once eligibility is checked and approved, the loan will be transferred directly to your bank account.

Loan Comparison

Feature	mPokket Loan	True Balance Loan
Rating	4.6	4.5
Downloads	10M+	50M+
Loan Amount	Up to ₹500	Higher amounts possible
Tenure	6 – 12 months	6 – 12 months
Interest Rate	2% – 3.25% per month	Depends on loan type
Processing Fee	From ₹40 + GST	Based on category

Required Documents

Document/Detail	Purpose
PAN Card	KYC and identity verification
Aadhaar Card	Address proof
Bank Statement (3M)	Income proof
College ID (if student)	Student verification
Mobile Number & Email	App sign-up and verification
Bank Account	Loan disbursal

Conclusion

Friends, in this blog, I showed you the step-by-step process of loan application. But friends, I could not show the process of loan application in M Pocket. That is why I told you about the True Balance app also. If you want, you can try this.

So I hope you all liked the blog. So let’s meet you again in another new BLOG like this. Jai Hind.