Fast loans for students and young professionals
Young people often face certain expenses that are difficult to bear whether they are students or have recently entered the world of work. In India, there is a service for students and young professionals that offers fast loans of between 500 and 20,000 rupees to invest in study related expenses or for living expenses.
The loan must be paid back within two or three months and, depending on the amount of money received and the time for repayment, the system will calculate interest of between 1% and 6%. The expenses of matriculation, the university fees, the residence, the books, the transport voucher, the rent, the expenses in food... Any type of expense of this type will be able to be covered thanks to this money, in case the user needs it.
How does it work?
To use mPokket you just need to have an Indian phone number and follow the steps below:
- Step 1: enter the required identification data such as KYC, address, student card or payroll, the latter in case you are an employee.
- Step 2: wait for the verification of the data. You will receive an SMS.
- Step 3: select the amount for the loan and the time for its return.
- Step 4: receive the money instantly by bank transfer or Paytm.
- Step 5: return the money received by various methods.
Requirements and additional information:
- Minimum operating system requirements: Android 6.0.
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