mPokket understands the value of quality education. With this goal in mind, we have come up with the instant loan feature which enables one to invest in their education.
To help students during their life’s most critical journey, the best instant loan app for students in India takes a burden off their shoulders. mPokket provides instant loans for students and gives them a chance to cross the financial hurdles they face as students. With mPokket, the journey is uninhibited and uninterrupted.
If you are a student looking for an instant personal loan, sign up to avail the benefits of the best loan app for students in India.
For students, accessing loans is not as easy as it sounds. The loan approval process can have numerous hurdles. The major challenges include:
With traditional loans, students are required to present a guarantor to put up collaterals. Oftentimes, complying with these conditions may not be possible for every student.
There are times when the student requires small amounts to pay a quick bill or to fund an expense. At such times, the traditional loans which take time to be granted are not a feasible option and that is where mPokket steps in, to provide instant personal loan for students.
Long-term student loans are riskier. What if the student doesn’t finish the course on time or get a job on time? Lenders could face a loan default while high-interest rates and late payment penalties could put the students under pressure.
As an alternative, the student personal loan app mPokket gives short-term personal loans up to ₹ 20,000 that can be repaid within 4 months. mPokket transfers the loans instantly to the student’s bank account.
With an instant loan app for students such as mPokket, it is easier to avail loans to power one’s ambitions and education. Countering problems of traditional loans such as the need for a collateral or the risk associated with a longer repayment tenure, mPokket works like the modern student’s instant loan companion.
In short, as a student, you can get the best student loans instantly using mPokket. An instant and seamless process to receive student loans makes mPokket the most preferred loan app for students in India.