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.

MPokket-Is it a Safe Personal Finance Option?

Many individuals are taking NBFC loans nowadays. No doubt, these loans made personal financing easier.   

Gone are the days of hectic loan applications. You can actually get a personal loan in minutes.   

But how do such fast microloans affect your financial habits?   

Let’s find out.  

After the pandemic, many salaried individuals faced unprecedented financial challenges. Many of us gave in and took several unsolicited loans. In some cases, private cooperatives lent money. In other instances, people resorted to individual lenders.   

However, MPokket is a considerably safer and RBI-accredited loan option.   

It makes our lives easier.   

We are often faced with small fund crunches. Experts say that such loans are not to be looked upon. However, there are no better options to ward off imminent fund crunches.   

Why do People Resort to Apps like MPokket? 

The answer is simple. People can get loans in the blink of an eye. All they need to do is get their KYC done.   

After that, your loan amount is credited to your bank account directly.   

The quick service may seem appealing. However, you may encounter a debt trap when dealing with such microloan apps.   

In India, more than 50% of Gen Z and millennials face the lurking debt trap. They suffer from financial mismanagement and debt issues.   

That’s another reason why apps like mPokket are gaining growth.    

The Indian debt challenge is reaching its vulnerable apex. In the first place, individual debts are piling up. At the same time, the country’s global market debt is also increasing.   

Loan platforms like mPokket deduct hefty taxes and charges when you borrow from the platform.   

That money goes to the government coffers. So, the Indian government also gives licenses to such apps. So, they are leveraged to operate freely.   

mPokket Loan Interest Rate

The mpokket loan interest rate is a concern for borrowers. Microlending companies like mPokket give lucrative microloans. At the same time, the interest that they charge is hefty.  

At mPokket, loans start from 11.99% p.a. A common explanation is that interest rates are higher as the loan is collateral-free. However, experts say small-scale earners or students mainly apply for such loans.   

Charging a strapping interest won’t help their cause.   

MPokket’s website data, however, says that the starting mPokket loan interest rate is 2%.   

But there’s a big catch.   

The interest rates are indirectly proportional to the CIBIL score or your creditworthiness.   

The lower your score, the higher the rate of interest payable.   

Based on your creditworthiness, mPokket may charge 0 to 48% annual interest against your loan amount.   

But most people are not concerned with mpokket loan interest rate only. Borrowers must pay other charges as well. For instance, there’s a processing fee, a security fee, a channel fee, and GST and allied charges.   

Your mpokket loan interest rate will increase, even if you want to pre-close the loan. The same also applies to loan extensions or payment deadline extensions.   

I checked that the mPokket loan interest rate also increases when you choose a lengthy payback tenure. 

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:


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



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.”



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.”


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.

Explore More:


Sudip Roy

Sudip Kumar Roy is a versatile SEO Professional and an accomplished author with a knack for creating compelling content. With a strong background in digital marketing and a deep understanding of SEO best practices, he has helped numerous businesses achieve their online goals.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

best investment apps

10 Best Investment Apps For 2021 – Globalbusinessdiary

When I was undergoing a significant financial crisis a few years back, I looked for the best investment apps to get my economic life back on track. But, as there were no good articles on this topic, I faced a lot of trouble figuring out the best investment app. That’s why we decided to shed a bit of light on this topic. Now, the best investment apps can handle your daily financial tasks without much drama. They can also help you trade stocks quickly, keep track of your spending habit, and can help you learn about the market. So, if you are looking for these apps, you are already one step ahead in the game. What Are The Best Investment Apps For 2021? The best investment apps that we will recommend on this list are the best for beginners and professionals alike. So, let’s have a look. 1: Invstr From real-life investing to help beginners make their way in the stock, market-you can get everything on this app. It is best investment apps on this list. In addition, it has a fantasy stock game where you can guide people in managing a $200 billion portfolio.  You can also get up to $1 million of virtual cash, and thus you will know to control your spending habits. But, if you manage to perform well in the fantasy game, you can also win some real cash. You can even buy fraction shares without any commission in this app. 2: Wealthbase Wealthbase best investment apps as a new entrant in the world of stock market games. There are several unique features in this app. You can even play fun games of picking stocks with friends. In addition, it has excellent incorporation with social media profiles, so you can get daily updates of stocks that your friends are picking. The best thing about this app is that it runs very smoothly without any hassle. Even if you are not interested in picking stocks, you can simply use this app for fun. The best way to learn about stock picking with friends and social colleagues is through this app. 3: Wealthfront One of the largest and best investment apps currently on the market today is Wealthfront. It uses a low-cost ETF to construct your portfolio and evaluates how much risk you will have in a single investment. When you deposit money here for the first time, it will start monitoring your account. But, you simply need to add money to your account, and the rest of the pressure, the app will handle itself. The cash management account here is also quite good. You can also manage your account for up to $5000 for free. You May Also Like: Top 7 Best Types Of Marketing On Which You Should Focus  4: Acorns It is the most popular investment app on this list and is undoubtedly one of the best investment apps. It will construct your portfolio for all your cash dealings up to your retirement. So, if you use this app, it will be for your lifetime. Of course, if you link your debit or credit card to this account, Acorns will help you manage that too. You will get some automatic investment options here without worrying about cash management. For example, you can get an FDIC-protected checking account without any extra fees. You can also get access to thousands of ATMs to withdraw your cash. 5: Betterment If you want to learn socially responsible investing, Betterment is best investment apps. It will make your portfolio and help you invest in socially responsible initiatives such as climate change or global warming. It is a good option for many people because it costs way less than other investment apps. If you want a professional financial portfolio without any effort and at a low cost, the Betterment app is your option. It will set goals for you, plan your retirement budget, and there’s even no restriction to minimum money disposal here.  6: Robinhood If you want an app with a smooth interface and without trading commission, RFobinhood is your best option. Best investment apps on our list, Robinhood lets you navigate the stock market easily. You can access the stock page from the search bar. As you navigate the market, you’ll be moving from screen to screen. The first time you deposit this account, you will get instant delivery of $1000. So, this app helps you to learn to trade almost instantly. It will show you the simplest way to navigate the market, and that’s why beginners seem to prefer it a lot. 7: Webull Commission-free trading options and allowing investors to trade stock for free are the best features of this app. But, this app won’t offer you any free trading option when it comes to cryptocurrencies. Unlike the other apps on this list, Webull lets you set up an IRA account and likea taxable account. Multiple asset classes are available on this app so that you can take them anytime you want. In addition, you only need to deposit a minimum of $50 to get started on the fantastic financial management journey. 8: Stockpile We call it best investment apps because of its neat presentation and organized outlook. You can purchase a fraction of the shares of other companies. You can also get some gift cards here that you can redeem for stocks. You can track your investment anytime and anywhere in the world with this app. If you like investing but don’t have enough budget, Stockpile should be your go-to option. You can also gift stocks to young relatives and help them learn the tricks of stock picking. 9: TD Ameritrade This electronic platform is the best when dealing with preferred stocks, common stocks, and futures contracts. Even it is one of the best investment apps for long-term investment planning and retirement planning. But, a minimum of $2000 deposit is required to open an account in this app and start operating. But, the option of commission-free trading services on ETF is also available on this app. It means you can hold on to an account and also get your broker for free if you have already made the $2000deposit. 10: SoFi If you are a SoFi member, you know why it is one of the best investment apps in the market today. There is a wide array of financial services, and most of those are exclusive to students. You can learn to manage loan refinance, mortgage, credit card management through this app. It is a user-friendly app that is optimized for both PCs and smartphones. So, even if you are outside, you can look at your cash management details from your phone. Its customer support is indeed praiseworthy. Conclusion If you are still reading, that means we have given you some good suggestions here for the best investment apps. So, if you are struggling to manage your personal finance, make sure you use one of these apps. You’ll never look back in life anymore and regret careless spending if you use these. Read More: The Amazon Store Card All You Need To Know About 5 Differences Between Mass-Market Paperback Vs. Paperback How To Build An Ecommerce Website To Boost Your Business


NIRA Instant Personal Loans: Are They Really Instant?

Do you have debts to pay off? Do you wish to buy a new smartphone, but the price tag makes you think otherwise? If you have such thoughts on your mind, and are looking for ways to get a loan as quickly as possible, then NIRA is the one you should be looking for. This new quick loan establishment can provide you with various kinds of loans. But why be interested in them? Because they can provide these loans quicker than most banks and do not have a lengthy application period either! To learn more about this company, read this post till the end. NIRA Company Overview NIRA was founded by entrepreneurs Rohit Sen and Nupur Gupta. They aim to provide people with instant cash loans as quickly as possible. These two came up with this idea when they learned that banks take a long time to approve loans and credit the money to your account. Since they often find themselves in dire situations where they need cash within 48 hours, banks would often fail to do so. This is where NIRA comes in to provide you with instant loans. They are instant because you can apply for them using their NIRA smartphone app or website. The amount will be credited to your account in under 48 hours. So far, NIRA has good reviews on various online publications s a trustable money-lending agency. However, their aggressive behavior towards clients when requesting their money back has been criticized a lot. NIRA Instant Cash Loans Instant Cash Loans by NIRA is the perfect financial solution if you need more money while planning your next vacation. Or you want to buy a new smartphone or laptop that you have wanted for a long time. Getting instant cash in such dire situations can be a pain, and NIRA understands that. Getting instant cash loans from banks can be time-consuming since they have a lot of procedures and paperwork to follow. With NIRA, things are different. This company provides cash loans instantly after approval, which will reflect in your account within 48 hours. Plus, it's less heavy on your pocket since you only have to pay a monthly interest rate of only 4%! This Instant cash Loan can provide you anywhere between Rs. 5,000 to Rs. 1,00,000 in a matter of hours! NIRA Instant Cash Loan Eligibility To become eligible for NIRA Instant Cash Loans, you: Must be a graduate Should have a monthly income of Rs. 20,000 Must be employed Why Apply For NIRA Cash Loans? There are various reasons why NIRA Instant Cash Loans will benefit you a lot. 1. Customizable Loans Unlike pre-set loan amounts and fixed payment terms, NIRA allows you to customize it to your liking. You can get the amount you want and choose the period to pay it off. Pay off in 6 months? Yes, you can! Pay off in 12 months? Sure, why not! 2. Reasonable Interest Rates The interest you pay depends on your credit score. Therefore, you will pay less interest if you have a high enough credit score! The interest rates will vary from 1.5% to a maximum of 4%. 3. Flexible Withdrawals There are no withdrawal limits to your loan. You can pocket it all in one go or keep it in your account for the right time! 4. Credit History Not Required While it's beneficial to have a credit history and score, it’s not required here. The company understands that this might be your first loan. Therefore, CIBIL scores are unnecessary for newcomers. However, if you have a CIBIL score, you must ensure it’s above 681. 5. Quick Application If you want a cash loan instantly, complete the online form and get it approved in under 3 minutes! NIRA values your request and your time as well! 6. Get Credited Within 24 Hours Once your loan request gets approved, you will get the money sent directly to your bank account in 48 hours! NIRA Personal Loans Whenever people request loans, banks believe it’s to pay off large amounts of debt. Or maybe start a new business, who knows? However, NIRA has your back if you don’t wish to disclose your reasons for taking a loan. I mean, personal loans should remain personal, right? NIRA Personal Loan Eligibility You can become eligible for NIRA Personal Loans as long as you: Must be a graduate Should have a monthly income of Rs. 12,000 Must be employed Should have a linked Aadhar card Why Apply For NIRA Personal Loans? You should apply for such personal loans because of various benefits like: 1. The Approval Process Is 100% Paperless When you apply for a NIRA Personal Loan, you can do it online, anytime, anywhere. You don’t need to visit their headquarters and sign on piles of documents. Simply go to their official website, and fill out the loan application form in minutes! 2. Super Quick Credits If you want a cash loan instantly, complete the online form and get it approved in under 3 minutes! NIRA values your request and your time as well. Once your loan request gets approved, you will get the money sent directly to your bank account in 48 hours! 3. Lower Interest Rates The interest you pay depends on your credit score. Therefore, you will pay less interest if you have a high enough credit score! The interest rates will vary from 1.5% to a maximum of 4%. 4. Highly Flexible Payment Scheme Unlike pre-set loan amounts and fixed payment terms, NIRA allows you to customize it to your liking. You can get the amount you want and choose the period to pay it off. Pay off in 6 months? Yes, you can! Pay off in 12 months? Sure, why not! NIRA Mobile EMI Loans Having a good smartphone has become a necessity in 2023. A high-end smartphone is a significant investment for work, photography, or gaming. However, most good smartphones that you want cost above Rs. 40,000. Higher-end models by brands like Samsung, OnePlus, iPhone, and Motorola cost a lot. Paying the entire amount upfront in cash can take time and effort. However, paying it in EMI is an option everyone will agree with. Therefore, why not apply for a NIRA Mobile EMI Loan and get the latest smartphones of your dreams? NIRA EMI Loan Eligibility To be eligible for Mobile EMI loans, you: Must be a graduate Should have a monthly income of Rs. 20,000 Must be employed Should have a linked Aadhar card Why Apply For NIRA Mobile EMI Loans? The various benefits of applying for NIRA Mobile EMI Loans are: 1. Easily Liquefiable Paying for a mobile phone way out of your budget can take time and effort. Therefore, save your liquid money for emergencies. Pay for the phone little by little over time! 2. Spend Less, Get More Since you spend only a small amount of money every month, you can save a lot, which is only possible if you pay the entire amount in one go. 3. Zero Stress I know how stressful situations can be when you have a broken phone and no money to buy a new one. However, if you can pay the price in installments, that will take the stress out of you! NIRA Small Loans If you are short of cash to pay for something you need, you should apply for a NIRA Small Loan. These are bite-sized loans that you will get instantly. Since these are small amounts, you can pay them in a few months' time without any high-interest rates! NIRA Small Loans Eligibility To be eligible for NIRA Small Loans, you: Must be a graduate Should have a monthly income of Rs. 20,000 Must be employed You should have a linked Aadhar Card Why Apply For NIRA Small Loans? The benefits of applying for NIRA Small Loans are: 1. The Entire Process Is 100% Paperless When you apply for a NIRA Small Loan, you can do it online, anytime, anywhere. You don’t need to visit their headquarters and sign on piles of documents. Simply go to their official website, and fill out the loan application form in minutes! 2. Super Quick Credits, Directly To Your Bank Account If you want a small loan instantly, complete the online form and get it approved in under 3 minutes! NIRA values your request and your time as well. Once your loan request gets approved, you will get the money sent directly to your bank account in 48 hours! 3. Lower Interest Rates The interest you pay depends on your credit score. Therefore, you will pay less interest if you have a high enough credit score! The interest rates will vary from 1.5% to a maximum of 4%. 4. Flexible Payment Schemes Unlike pre-set loan amounts and fixed payment terms, NIRA allows you to customize it to your liking. You can get the amount you want and choose the period to pay it off. Pay off in 6 months? Yes, you can! Pay off in 12 months? Sure, why not! 5. Want Multiple Loans? No Problem! Since these loans are typically in small amounts, you can apply for multiple small loans at once. You will get what you want if you have a good credit score! Conclusion NIRA loan services have ventured into a section of the Indian money market that hasn’t been explored before. Providing loans in under 2 days just after filling up an application using a mobile phone is something other Indian banks have failed to do. So what are you waiting for? Explore More: Dhani Loans & Services Limited – Background And Services California No Credit Check Loans: A Solution For Those With Poor Credit StashFin Personal Loan Review – Interest Rates, Loan Amount, Eligibility, And More

HYIP Projects

HYIP Projects: Features

The name «HYIP» is the English abbreviation for High Yield Investment Program, or «high-yield investment program». This is the name of the projects created specifically to generate a large income in a relatively short time. There are many such funds on the Internet. They attract investors with promises of guaranteed profit, bright design, and attractive content. They guarantee a daily income when performed correctly. It also depends on the duration of the program. The main attraction of the HYIP is the financial benefit. As a rule, the standard return is from 1 to 3% per day. All because such a project is a classic pyramid scheme. As long as depositors continue to pump money, it exists. As soon as the investments stop, the program gets closed. It’s completely anonymous and doesn’t give access to developers, executives, or company addresses. Varieties and Benefits Depending on the duration of the HYIP, it can be short-, medium-, and long-term. The development of the HYIP for a short time implies that the program itself does not invest anything, only the money of investors comes into circulation. Medium-term is more advantageous for both parties, that is, for the organizer and depositor. Such programs get closed after six months, at most one year after opening. Long-term funds are less often established, although they offer the highest chances of earning an income. They rarely exist longer than a year. Not all HYIP projects attract people who want to invest. Short-term funds are not the most suitable option. In the medium and long term, investments continue for several cycles, then they need to be withdrawn. HYIP has several advantages:Provides a real opportunity to increase profits;Allows you to quickly withdraw funds;Provides access to e-wallet – these are the payment systems that projects use.It is necessary to take into account the shortcomings. Despite the promises of high profits, it must be understood that banal luck plays a big role here. Once the objective is achieved, the program is closed and cannot be reached throughout its lifetime. There are no contacts, data about admins, addresses, or even e-mails. Details To Pay Attention To When Starting An HYIP It is not easy to start an HYIP, this question is better to entrust experienced specialists who know all the features of the project. You can visit this page to know more about pricing and buy hyip script. It is necessary to work out many details. Particular attention should be tehre for these parameters : Company history or legend: This is a sure way to convince a potential customer to contribute. If he/she does not know anything about the program, he/she is unlikely to want to invest in it, despite the bright design of the site and loud promises; Marketing plan: It is long and carefully worked out because it depends on the scheme and percentage of profitability. The mechanism of work of the project is created even before its opening, as then it will be impossible to change anything; Calculation of the percentage of income: To increase it for the most important customers, you need to achieve a stable and large flow of investment. Create Your HYI: A Step-By-Step Process The scheme of HYIP creation is simple and repeatedly worked out. The first thing is to open an Internet resource that will be interesting to the user. It means a site with original, attractive design, interesting content, and fast downloading pages. It is necessary to choose a host with protection from hacker attacks. The next stage is the purchase of an electronic wallet. You will use it to receive payments. Then you have to integrate it to the site to start the process of investing and earning income. The HYIP turnkey designer then selects a suitable platform for advertising campaigns. Promotion is necessary to attract new visitors. For the normal operation of the project requires a specialist who will constantly monitor it. For investors who want to make deposits, the site must be available 24 hours a day, open quickly and download. All these works and actions on their own are very difficult to perform. It is much more convenient and profitable to turn to knowledgeable specialists. These are the HYIP turnkey companies that provide the services. Additionals: What Is Nano Dimension? Is Nano Dimension A Good Investment? Top 7 Best Startups Revenue Model That Will Grow Your Business In 2021 How To Get Sponsored For Your Brand? The Best Guide For Beginners In 2021


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

The FlexSalary App is a loan app that is run by an Indian NBFC named Vivify India Finance Pvt. Ltd. The company is registered with the Reserve Bank of India. However, there are not many good reviews regarding the app. However, the app and the company seem legit. Hence, we have dived deep and reviewed the app in this article for you. This article will consist of a review of FlexSalary, which claim to be one of the "Best instant loan app in India without salary slip.” Furthermore, we will also give you details about the interest rates, eligibility, and other loan-related information. Finally, we have also added some useful customer reviews regarding Flex Salary. Hence, to get fully informed about FlexSalary, read on through to the end of the article. FlexSalary – What Does It Offer? FlexSalary is an app where you can get a loan if you are a salaried individual. According to the official website of the company, “FlexSalary is an instant salary advance credit line that covers emergency needs of Indians before they get paid. It aims to aid all individuals who face a mid-month crisis by providing short-term lines of credit loans until they receive their salaries. We offer instant loans from Rs. 4,000 to Rs. 2,00,000 with flexible repayment terms.” It basically offers a personal line of credit. Even if you do not have a credit history, you will be eligible to get a loan from FlexSalary. If there are people who cannot find any other way to get financing, FlexSalary offers an unsecured line of credit. Loan AspectsWhat FlexSalary Offers You?Loan Amount₹ 4000 - ₹ 2,00,000Loan Tenure10 months to 36 months (Based on the loan applied for)Rate Of Interest On loans10% to 12% per annumLoan Processing Fees₹ 650 only (One-time payable only upon Loan Disbursement)Collateral Or MortgageNo collateral requiredLoan Review TimeDepending upon the amount of the loan (may take from 5 minutes to 7 days)Late Payment Of The LoanUp to 5 %, depending on the type of loan applied for.Loan RepaymentLoan repayment is made automatically from the provided bank details as per the approved schedule. Repayment should be made through the mobile app of FlexSalary.FlexSalary Customer Care Number+91-40-4617-5151+919908935151+919100038349CIN NumberCIN U65923TG2016PTC110767AddressUnit A, 9th Floor, MJR Magnifique, Survey No 75 & 76, Khajaguda X Roads, Raidurgam, Hyderabad, Telangana – 500008. Is FlexSalary Safe? Yes. FlexSalary is fully legit and safe. The website is also safe to use as it is HTTPS-secured and SSL certified as well. However, regarding the customer service of the company, many borrowers of loans have complained. Despite that, as per our experience, we think the app works quite well and is legit. Furthermore, the company has a CIN number, and it is registered through the Reserve Bank of India. When Can Flex Salary Comes To Rescue? There are certain circumstances where flex salary comes to the rescue. You need to get through the possible solutions that can make things easier for you. You need to follow certain steps that can make things easier for you to attain your requirements with ease. 1. Don’t Have Collateral  Flex salary will offer you unsecured lines of credit loans. You do not have to pledge to your assets if the collateral gets approved for your loan. You need to get through the complete process that can develop things in perfect order. 2. If Your CIBIL Score Is Low Flexsalary will not focus on your CIBIL score to provide you with the loan you need in times of crisis. If you have a low CIBIL score then you must go through the best flex salary options to meet your requirements with ease. 3. Need An Emergency Cash   If you are facing a medical emergency and you need the loan on an immediate basis, then you must consider using Flex salary. You need to identify the perfect solution that can make things lucid for your business development. 4. Loan Is Rejected By Banks  If you have low income, bad credit history, and banks have rejected your loans, then Flex salary can be the best option for you. Flex salary will offer you loans at times of crisis. You do not have to pay any kind of interest to get these loans. 5. Don’t Want To Pay Excess Interest   If you are afraid of bearing the higher interest rates on your loan, then Flex interest loan amounts can be one of the best options for you. If you do not use money, you do not have to pay the interest. 6. If You Need A Loan For A Lifetime Flex salary personal line of credit you can receive for a lifetime. Your credit limit gets filled up once you pay back the withdrawn amount. It works almost like that of a credit card. You need to identify the perfect solution that can make things easier for you. Can You Get An Instant Personal Loan For Your Marriage From Flex Salary? Yes!! You can receive an instant personal loan for your marriage when you opt for the flex salary. If you have an urgent need for cash in order to meet your marriage-related expenses, then Flex salary can be of great help to you. You will get the help for money within a few hours. It can help you to get the desired amount of money for a personal loan when you need it the most from your endpoints. How To Do FlexSalary Login? – Steps To Follow The following are the steps through which you can apply for a loan through FlexSalary: Step 1: Visit their official website and click on "Apply for an Instant Loan." Step 2: You will get a form on the next page, which you will need to fill out and add information into. Add all the documents required to get a loan from the FlexSalary platform. Step 3: There are various verification processes available. You can either apply for Net Banking Verification or you can upload the documents on your own. Once you upload the documents, they will verify your credentials and will tell you what you are eligible for. Through the app, it is almost the same. All you need here is to download the app and register your account with it. FlexSalary – Eligibility Of The Loan Loan RequirementsEligibilityAge Of the Borrower22 to 60FlexSalary Credit ScoreDepends on the type of loan applied for.Type of EmploymentSalaried professionals only.Minimum Monthly Income₹ 8000 (However, it can change depending on the loan amount applied for)Work ExperienceWork experience requirements depend on loan terms and amounts. Required Documents1. Salaried Employees- Identity Proof (Aadhaar / Driving License / Passport / Voter ID) - PAN card - Address Proof (Driving License / Utility Bills / Aadhaar / Passport / Bank Statements / Voter ID) - Last three months Pay Slips - Photo with the applicant’s face clearly visible. (The applicant will be prompted to take a selfie or upload a photo while applying for a loan through the FlexSalary mobile app) - Net banking verification to validate the bank account and salary information of the applicant 2. Self-Employed Individuals- No loan is allowed for self-employed- The applicant must have an employment FlexSalary Reviews From Customers The following are some of the useful customer reviews regarding FlexSalary that you can benefit from: Syed Abrar: “I'm very happy much satisfied with the service Uma Maheshwari are very nice she was helped me through out the process I got the loan amount as soon as the documents were collected best app.” Manjeera Dhfm: “My credit limit was activated in 1day. But I was not able to withdraw amount,due to my account issue, then customer support team interacted with me continuously and solved the problem. Thank you team. They are well mannered employee's who have patience to listen the issue and resolve it quickly.” Selva Raj: “Last month urgently required some amount, one of my friend referred me Flexsalary and they had treat me as a friend and pay me the amount with very minimum documents. Thank you Flexsalary very fast, very effective good customer service really appreciate your overall performance.” Summing Up Hope this article was helpful for you in getting a better idea of the FlexSalary platform. If you are hoping to get a loan from this platform, you need to download the app and register your account. Furthermore, you need to upload all the necessary documents. They will verify and give you the loan within one to five days if you are eligible for it. Do you know of any better loan app, which is registered by the Reserve Bank of India, and offers instant personal loans? Share some of them with us in the comments section below. Explore More: The Amazon Store Card All You Need To Know About BNKU Stock: MicroSectors US Big Banks Index 3X Leveraged ETNs IPOE Stock – Present Price, Forecast, Statistics – Should You Invest In It In 2022?