mPokket Loan App Review: Details, Interest Rate, Eligibility, Safe or Not? 2025

Are you looking for a personal loan application that offers low-interest rates and flexible repayment time? If Yes, then you must come across the mPokket Loan App available on the Google Play Store.

mPokket is one of the popular personal loan apps in India. In India, we have a lot of options for personal loans but finding a genuine loan platform can be difficult from potential scams. That’s why revenuereview.in made – a trusted platform that reviews loan and investment apps.

In today’s blog post, I am here to review the mPokket personal loan app in which I will go through its features, pros & cons, and it’s legitimacy. Take a look at the “Table Of Contacts” given below to know more.

Table Of Contents

mPokket App Details

App Name	mPokket
Official Website	https://www.mpokket.in/
Total Downloads	10 Million+
Play Store Rating	3.0 out of 5.0
Developer	Maybright Ventures Pvt. Ltd.
Founder	Gaurav Jalan
Loan Type	Personal Loan
Official Email Id	support@mpokket.com
Customer Care Number	033- 6645 2400

Interest Rate

mPokket offers quick loans with interest rates beginning at 2% a year. The interest rate can vary depending on the borrower’s credit score and other factors.

Processing Fees

mPokket adds a processing fee for its loans ranging from 50 to 200 INR, plus 18% GST on the total loan amount. This fee is extra and is paid by the borrower along with the interest.

Repayment Schedule

The repayment schedule for mPokket depends on the loan amount and terms agreed upon. Typically, borrowers must repay within 61 Days to 90 Days.

Customer Care

If you have any queries related to the mPokket Instant Loan App. Don’t worry and feel free to reach out with the following support information given below.

Phone Number	3366452400
Email Address	support@mpokket.com

RBI Approved or not

Mpokket is not a bank but has permission from the Reserve Bank of India (RBI) to operate. It offers personal loans without security and uses technology like mobile apps to provide its services.

Features of mPokket App

mPokket provides instant personal loans to students and young professionals, making funds quickly accessible.

Borrowers can choose loan amounts as per their needs, starting from small sums for minor expenses.

The approval process is fast, often requiring minimal documentation for verification.

The entire loan application, approval, and disbursement process is done digitally via a smartphone app.

mPokket offers various repayment options, allowing borrowers to choose terms that best fit their financial situation.

Interest rates are competitive, starting at a low percentage, but can vary based on the borrower’s creditworthiness and other factors.

A processing fee is charged on loans, which includes a base amount plus GST, adding to the cost of borrowing.

Timely repayment of loans through mPokket can help users build or improve their credit scores.

Loans are unsecured, meaning borrowers don’t need to provide any asset as security to avail of a loan.

mPokket provides customer support to assist borrowers with any queries or issues during the loan process.

mPokket Personal Loan Eligibility

To be eligible for a mPokket loan, individuals must meet the following criteria:

For Students: A valid college ID is required as proof of enrollment.

For young professionals: Proof of employment is needed.

Must be either a college student or a young professional in India.

Applicant must have a stable source of income.

A government-issued ID (Aadhar card, PAN card, etc.) for identity verification.

An active bank account in the applicant’s name for loan disbursement.

An active mobile number for communication and application purposes.

Applicants typically need to be within a certain age range, often 18 years and above.

Ease of Accessibility

Quick Disbursement

Minimal Documentation

Flexible Loan Amounts

No Collateral Required

Builds Credit Score

Digital Convenience

Flexible Repayment Options

High-Interest Rates

High Processing Fees

Short Repayment Periods

Potential for Debt Cycle

Impact on Credit Score

Eligibility Restrictions

mPokket Loan App Real or Fake?

mPokket is indeed a real and legitimate lending platform specifically designed for college students and young professionals in India. It facilitates instant personal loans through a user-friendly digital interface, typically requiring applicants to submit some basic documentation for verification purposes. This may include a college ID for students, proof of employment for young professionals, and a government-issued ID for identity verification.

The approval process is streamlined, aiming to transfer the loan amount directly to the borrower’s bank account or digital wallet upon approval. It’s crucial, however, for potential borrowers to thoroughly review mPokket terms and conditions, particularly regarding interest rates and repayment terms, to fully understand their financial commitments.

Many individuals have utilized mPokket’s services successfully, further affirming its authenticity. Nonetheless, users are advised to proceed with caution and conduct their due diligence to ensure that the service aligns with their financial circumstances and to mitigate any associated risks.

mpokket Loan App Safe or Not?

mPokket is generally considered safe for borrowers in India, especially college students and young professionals seeking short-term loans. The platform operates with a digital-first approach, making it convenient for users to apply for and manage loans directly through their smartphones.

mPokket takes the privacy and security of its users seriously, employing encryption and other security measures to protect personal and financial information. However, as with any financial service, users should exercise caution and ensure they understand all the terms and conditions before taking a loan. This includes being aware of interest rates, repayment schedules, and any fees associated with borrowing.

While mPokket is a legitimate service, users are encouraged to read reviews and do their research to gauge the experiences of others. It’s also important for borrowers to consider their ability to repay the loan on time to avoid additional charges and negative impacts on their credit score. Responsible borrowing includes only taking out loans when necessary and having a clear repayment plan.

mPokket App Review

mPokket: Instant Loan App

Ankush

Interest Rates

Repayment Time

Customer Support

Repayment Options

Summary

mPokket is an instant loan service targeting college students and young professionals in India, providing a quick and accessible financial solution for those in need. The app allows users to apply for short-term personal loans directly through their smartphones, requiring minimal documentation like college ID for students or proof of employment for professionals, along with a government-issued ID.
Interest rates, repayment terms, and fees are clearly outlined, emphasizing transparency. While mPokket offers convenience and fast disbursement, borrowers are advised to understand all terms and use the service responsibly to avoid financial strain. Its digital platform ensures user data security, making it a reliable option for emergency funds.

3.8

FAQs

Who can apply for a loan from mPokket?

College students who have valid college IDs and young professionals who can provide proof of employment are eligible to apply for loans from mPokket.

How long does it take to get a loan approved?

The approval process is quick, often within minutes to a few hours after completing the application and submitting all necessary documents.

Is there a processing fee on mPokket?

Yes, mPokket charges a processing fee for each loan, which includes a fixed amount plus 18% GST on the total loan amount.

Can using mPokket affect my credit score?

Yes, like any credit product, timely repayment can positively affect your credit score, while late payments can negatively impact it. mPokket may report your repayment behavior to credit bureaus.

How do I repay my mPokket loan?

Repayment can be done through the mPokket app via various modes such as UPI, debit card, or net banking, adhering to the repayment schedule provided at the time of loan disbursement.