Financial Planning

mPokket: Information, Eligibility Criteria, Interest Rates, Review & More

You might have heard of the mPokket loan app that claims to offer loans to self-employed and salaried individuals. It is a financial company based in Kolkata, India, and offers instant loans starting from ₹500 to ₹20,000. The major objective of mPokket is to offer loans to students, and small professionals, who need a quick and small sum of money for a few days.

In this article, we will talk about the mPokket app and how you can get loans from mPokket easily. Furthermore, we will also discuss the legitimacy of mPokket, and also give you information regarding its safety. Moreover, you will get a listed overview of all the offerings of mPokket loans. Hence, to get fully informed, read on through to the end of the article.

mPokket Loan – What Is mPokket?

mPokket Loan - What Is mPokket_

The mPokket app offers you instant loans if you are a young working professional or a student. The loan amounts are not high. According to the website,

“With the goal to provide loans for students and young professionals in India who were not eligible for loans via traditional lending institutions, Gaurav started mPokket, an instant loan app, in 2016.”

It is really easy to download and install the app from Google Play Store, and you can borrow instant cash from ₹ 500 to ₹ 20,000 within a few minutes. All you need is proper verification and state the reasons. The best part is that you do not need to have a credit history since most of the borrowers are students, and the borrowing amounts are not very high.

mPokket App: How It Works!

Are you a college student or a young professional needing immediate financial assistance? mPokket has got you covered! Here’s a quick guide on how the mPokket app works, ensuring a hassle-free experience for those looking to meet their daily expenses or tackle end-of-month cash crunches:

Download The App

Head to the Google Play Store on your mobile device and download the Pocket instant loan app.

Verify Your Number

After installation, verify your mobile number by entering the one-time password (OTP) sent to your registered number.

Sign Up or Log In

Complete the registration process by signing up or logging in with your Google or Facebook account.

Set A Password

Secure your account by setting a password of your choice. Additionally, select your profession to tailor the loan offering to your needs.

Submit KYC Documents

Streamline the process by submitting your Know Your Customer (KYC) documents online, ensuring a secure and efficient verification.

Bank Statements For Salaried Professionals

Salaried professionals can expedite the process by uploading bank statements showcasing their salary credits.

Selfie Video

Add a personal touch to your application by recording a quick selfie video.

Swift Disbursement

Once all steps are completed, experience the convenience of having your loan amount disbursed in just minutes.With the mPokket app, access to instant cash is at your fingertips, providing a solution for your financial needs in a timely and efficient manner.

Is mPokket Safe?

Is mPokket Safe

Firstly, as we visited the website it seemed safe, as there is HTTPS security, as well as SSL security. Regarding the technicalities of the app, we could not find any problems either. However, as per the reviews of the customers, we found that they are mixed. Some of them really praised the company, while some were furious with them.

mPokket Loan – What Do You Get?

mPokket Loan – What Do You Get
Loan AspectsWhat mPokket offers you?
Loan Amount₹ 500 – ₹ 20,000
Loan TenureUp to 3 months or 90 days
Rate of interest on loans10% to 12% per annum
Collateral or mortgageNo collateral required
Loan review timeDepending upon the amount of the loan (may take from 5 minutes to 7 days)
Late payment of the loan– Application of Penalties every day based on the overdue the loan(if you pay early, there are some discounts available)
Loan RepaymentLoan repayment is made automatically from the provided bank details as per the approved schedule.

mPokket Loan Eligibility

mPokket Loan Eligibility
Loan RequirementsEligibility
Age of The Borrower22 to 35 years old
mPokket Credit ScoreDepends on the type of loan applied for.
Type of EmploymentSalaried professionals and self-employed individuals.
Minimum Monthly IncomeAny monthly income is eligible to take loans
Work ExperienceWork experience requirements change with the amount of the loan demanded. 
Required Documents1. Salaried Employees- Need to fill out KYC- Verification of KYC- Need to submit bank details- Bank account number & IFSC- Net banking is required for auto-repayment.
2. Self-Employed Individuals- PAN card required- Address proof (Voter ID or Passport)- Aadhar Card- Bank account number & IFSC- Net banking is required for auto-repayment.

mPokket Loan – How To Do mPokket Login?

mPokket Loan - How To Do mPokket Login_

The following are the steps by following which you can log in to mPokket:

Step 1: Download the android app.

Step 2: Allow the app to access your device. Hit “Allow.”

Step 3: Sign up to mPokket with the help of Google or Facebook.

Step 4: Register your account with mPokket on the next page. Based on your profile, select whether you are a student, salaried or self-employed.

Step 5: You will get a borrowing limit on the next page. Just move on to the next page by clicking “Get Started.”

Step 6: Add all the information related to KYC Verification, Basic Information, and Employment Information, and also add your Selfie Video on it.

How To Delete mPokket Account?

How To Delete mPokket Account_

To delete mPokket account, you need to contact customer service by phone or email. However, you will need to clear your borrowings first. Follow the steps given in the mail to get details. Finally, you will get a confirmation email that your account has been deleted.

mPokket Customer Care Number And Address

mPokket Helpline Number (WhatsApp):033- 6645 2400
mPokket Contact Number:033- 6645 2400
mPokket Customer Care Number India:033- 6645 2400
mPokket Complaint Number:+9133 6645 2400
mPokket AddressPS Srijan Corporate Park, Tower 1, 12th Floor, Unit No. – 1204, 2, EP & GP, Sector V, Bidhannagar, Kolkata, West Bengal 700091
Greivance Redressal OfficerSouvik Das
mPokket CINU65999WB2019PTC233120

You can also get to see the mPokket Loan Defaulter List on the official website.

mPokket – Top Customer Reviews

mPokket – Top Customer Reviews

Here are some mPokket loan reviews:

roddyrex009:

I have paid l the dues and they stay scamming me now by saying you need to pay again. In my bank the transaction was successful but they said if it still shows in the app then u haven’t paid lol what low class company don’t ever take loan from @mpokket

Source

arunn2514:

The features of this app that it provides small loans to students to satisfy their daily needs.once you apply for loan you have to wait for its approval and then you will get money.after paying your previous loan, you can apply for another loan.”

Source

saikrishnamothuku:

This is my monthly pocket bank and I’m using this app from 3 months nd it is used alot for me very very thanks to the founders of mpokket and every student must use it and it is very very useful for students. this app giving money in just 24 hours just try it.”

Source

Summing Up

Hope this article was helpful for you to have a better idea of how the mPokket app is and how the financial company operates. If you want to know more about the mPokket app, we recommend you visit the website. Do you know about similar apps that offer loans to students and young professionals? Share with us in the comments section below.

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best investment apps

10 Best Investment Apps For 2021 – Globalbusinessdiary

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How To Choose The Right Stocks: Tips For New Investors

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IPOE Stock – Present Price, Forecast, Statistics – Should You Invest In It In 2022?

In case you have invested in IPOE stock and looking for its best review, you have arrived at the right place. In this guide, I will be answering whether IPOE stock is worthy of investment in 2022. Through a step-by-step analytical process, I have extracted the final answer by conducting proper research. So stay tuned with us and keep reading till the end. IPOE Stock - The Origin IPOE Stock is issued by Social Capital Hedosophia Corp CI A (IPOE), a financial services company that is a next-generation leader. It's a publicly listed acquisition business with a unique purpose. They completed their previously announced deal on May 28, 2021, and brought SoFi public. SoFi technologies, INC, a publicly listed consumer-focused financial technology platform, was founded as a result of this deal Current Price Of IPOE Stock At present, that is on April 18th, 2022, the price of IPOE stock is $22.010 USD. Prediction Of IPOE Stock Price Below, a prediction of IPOE Stock has been put forward for better accuracy while giving the verdict. I have taken into consideration both the historical and forecast data. Take a look: 1. Historical Data  DateOpening priceClosing priceMinimum priceMaximum price2022-04-14Open: 0.510Close: 0.580Low: 0.470High: 0.5802022-04-13Open: 0.5075Close: 0.550Low: 0.465High: 0.5502022-04-12Open: 0.5010Close: 0.550Low: 0.5010High: 0.5502022-04-11Open: 0.510Close: 0.510Low: 0.510High: 0.6202022-04-08Open: 0.452Close: 0.452Low: 0.452High: 0.5702022-04-07Open: 0.550Close: 0.538Low: 0.529High: 0.5502022-04-06Open: 0.540Close: 0.550Low: 0.490High: 0.5502022-04-05Open: 0.450Close: 0.490Low: 0.450High: 0.5302022-04-04Open: 0.570Close: 0.577Low: 0.550High: 0.5772022-04-01Open: 0.460Close: 0.460Low: 0.460High: 0.4602022-03-31Open: 0.450Close: 0.450Low: 0.450High: 0.4502022-03-30Open: 0.450Close: 0.450Low: 0.450High: 0.4502022-03-29Open: 0.450Close: 0.465Low: 0.450High: 0.4802022-03-28Open: 0.451Close: 0.480Low: 0.451High: 0.481 Analysis: The historical IPOE Stock price demonstrated above indicates that from 28th March to 14th April, the IPOE stock price has got an increasing trend. This rising trend is observable in opening price, closing price, maximum and minimum prices. 2. Predicted Future Data May 2022Open: 30.021Close: 31.466Min: 30.021Max: 31.645Change: 4.59 % ▲June 2022Open: 31.296Close: 32.150Min: 30.960Max: 32.396Change: 2.65 % ▲July 2022Open: 32.584Close: 33.335Min: 31.711Max: 33.335Change: 2.25 % ▲August 2022Open: 32.462Close: 33.737Min: 32.462Max: 34.086Change: 3.78 % ▲September 2022Open: 33.840Close: 35.025Min: 33.401Max: 35.025Change: 3.38 % ▲October 2022Open: 34.152Close: 34.903Min: 34.152Max: 35.776Change: 2.15 % ▲November 2022Open: 35.597Close: 36.178Min: 35.091Max: 36.527Change: 1.61 % ▲December 2022Open: 36.281Close: 37.466Min: 35.842Max: 37.466Change: 3.16 % ▲ Analysis: The IPOE stock forecast data above denotes a rise in price from May 2022 to December 2022. This rising trend is observable in all the opening, closing, minimum and maximum prices. 52 Week High And Low Of IPOE Stock Price Here are the 52-week high and low values of IPOE Stock in 2022. I have bifurcated the data into two parts - Historical and forecast data. 1. Historical Data 52 Week High52 Week Low21.814.14 2. Predicted Future Data 52 Week High52 Week Low31.64521.007 IPOE Stock Performance By 2022 Analysis: As you can see in the graph above, the 4-year IPOE stock forecast is explained. From April 2023 to April 2026, a sharp upward rising trend is noticeable in IPOE stock price. So, it’s evident that it’s worthy of investment in 2022. IPOE Stock Performance By 2023 January 202336.59338.03836.59338.2173.8 % ▲February 202337.86838.78937.53238.9682.37 % ▲March 202338.61939.90738.28339.9073.23 % ▲April 202339.03440.65839.03440.6583.99 % ▲May 202339.78541.06139.78541.4093.11 % ▲June 202341.16342.34840.72442.3482.8 % ▲July 202341.47542.22741.47543.0991.78 % ▲August 202342.92043.60442.41443.8501.57 % ▲September 202344.03844.78943.16644.7891.68 % ▲October 202343.91745.36143.91745.5403.19 % ▲November 202345.19246.04544.85646.2921.85 % ▲December 202346.47947.23145.60747.2311.59 % ▲ Analysis: For the coming year, that is 2023, the IPOE stock price would rise from January 2023 to December 20223. The changes highlighted in the extreme right column are all positive which is quite impressive. Frequently Asked Questions (FAQs) 1. What Is The IPOEStock Price Today? The IPOE Stock Price today is $22.010 USD. 2. Will IPOE Stock Price Go Up? Yes. In a year, the IPOE stock price might rise from 22.010 USD to 31.645 USD. 3. Is It Profitable To Invest In IPOE Stock? Yes. In a single year, the long-term earning potential is +43.77 percent. 4. What Will Be IPOE Stock Price In 5 Years? According to the IPOE Stock Forecast, the future price will be 70.355 USD. 5. What Is IPOE Stock Forecast 2025? As per IPOE Stock forecast 2025, the prices will remain positive along with an increasing trend. Should You Invest In IPOE Stock In 2022? To summarise, IPOE stock appears to be a viable investment opportunity in 2022. It's mostly due to the long-term earning potential of +43.77 percent in a single year, as well as the possibility for profitability. However, because this business is so volatile, make sure you follow every change, volatility, highs, lows, and statistic. See you in the comment section. Disclaimer: Respected Readers, the IPOE Stock price facts, and the data we presented above are all assumptions. All the data refers to those present on the leading cryptomarket websites. 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Navi: Information, Eligibility Criteria, Interest Rates, Review & More

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This means you will not offer any collateral for the loan, nor do you need a guarantor for the loan. Like just any other personal loan option, you will only need to repay the amount you have borrowed in Equated Monthly Instalments or EMIs. Furthermore, if you want to get returns by investing in mutual funds, you can do that by looking for Navi mutual fund or Navi nifty 50 index fund. In addition to that, there is also Navi health insurance, which you can buy to purchase health insurance plans. Navi Loan Interest Rate, And Other Loan Highlights The following are some of the highlights of Navi personal loans that you will need to know about: Navi Personal Loan HighlightsRate of Interest9.9% to 45% of the principal amountAvailable Loan AmountLoans of up to ₹ 20 lakhs are availableTenure of the LoanThe loan is available for up to 6 yearsPreclosure fees of the loanThere is no preclosure fee for Navi Loans. (There is no disclosed amount. Contact the lender of the loan to know more.) 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Navi Personal Loan Eligibility Criteria The following are some of the essential eligibility criteria of the Navi personal loan that you need to clear if you want to avail of personal loans: FactorsEligibilityNationality- Borrower must be a citizen of IndiaOccupationIt must be either of the two:- Salaried- Self-employedAge- The loan applicant must be aged between 18 to 65 years.- The minimum required age can be increased to 21, 23, or 25 years in special cases.Credit Score- To avail of the Navi personal loan, a borrower needs to have a minimum credit score of 650 (CIBIL score).Documents Required- PAN Card- Aadhar Card How To Apply For Navi Personal Loan? – Steps To Follow Once you are okay with the essential features associated with Navi personal loans, you will need to apply for a personal loan from the Navi app. Here are the steps you need to follow to apply for a personal loan from Navi: Step 1: Go to Play Store or App Store, and download the Navi personal loan app. Install the app on your Android phone or iPhone. Step 2: Register your mobile number on the Navi server through your app. Step 3: Check the eligibility of the loan, and fill in your personal details through the app. Step 4: On the app, go to the next page, and select the loan amount and the EMI amount. Step 5: Once you have the amount, you need to complete the KYC process, where you need to produce your Aadhar and PAN numbers and upload a selfie of yourself. Step 6: Enter your bank account details which are needed for the transfer of money. Step 7: Apply for the loan. Once your loan is verified, you will get your loan fast. The money will be transferred to your amount within the time specified to you. Is Navi Approved BY RBI? Now many people ask whether Navi is approved by RBI or not. Then, in this case, the Navi official website claims, “RBI does not approve digital lending apps. The Navi App is operated by Navi Technologies Limited. Navi Finserv Limited is an RBI registered Systemically Important Non-Deposit Taking NBFC (ND-SI) which lends through the Navi App. Navi Technologies is the digital lending partner of Navi Finserv.” Frequently Asked Questions!!! (FAQ): Q1. Does NAVI Provide A Personal Loan?    Ans: Navi offers personal loans for attractive interest rates that start from 9.9% with some flexible EMI options upto 72 months. You need to get through the right options that can assist you in attaining your requirements with complete ease. Q2. Is Navi Loan Real Or Fake? Ans: NAVI loan is a legit application that offers you health insurance services as per your requirement. You have to get through the complete process that can make things easier for you to attain your requirements with complete clarity. Q3. Is Navi Personal Loan Approved By RBI? Ans: Yes!! Navi personal loan is approved by RBI. You have to get through the complete process that can make things easier and effective for your business in the correct order. You should follow the right process that can make things easier for you to get the loan on time. Q4. Who Is Eligible For Loan? Ans: If your age bracket is between 18-45 years then you are eligible for the Navi Loans. You have to get through the complete loan process can make things easier for you to get the loans on time. Try to figure out the reasons for getting or not getting the loans. Q5. What Is The Minimum Salary For Navi Loan? Ans: You need to be an Indian citizen within a period of 21-65 years. You cannot make your selection and choices in the incorrect end. You need to have 3 lakhs of money as your salary. Summing Up Hope this article was helpful for you in getting a comprehensive idea of what to expect from Navi personal loans. If you are looking for a quick personal loan, you can apply for one through the Navi app; however, as you have seen that the rate of interest can change as per the loan amount and the applicant's details. Do you know of any other app that offers similar loan rates? Share your answers in the comments section below. Read More: What Is SHLL? Is SHLL Stock A Good Stock To Buy In Future? SBE Stock – Present Price, Forecast, Statistics – Should You Invest? SRNG Stock – Present Price, Forecast, Statistics – Should You Invest?