Pocketly is a trusted and reliable instant loan app that claims to provide instant personal loans of up to ₹5,00,000 in minutes to salaried and self-employed people with competitive interest rates and an easy application process.
Pocketly’s focus is to make it easy to get the necessary cash.
Whether you need a loan for an emergency or personal expense, a Pocketly Loan can be worth considering.
This blog post shares detailed information about the Pocketly loan app review, loan limit, interest rates, eligibility criteria, documents required, and its reliability and security.
Table of Contents;
Pocketly Loan: Personal Loan Details
| Features | Loan Details |
|---|---|
| Pocketly Loan Limit | 1000 – 10,000 |
| Interest Rates | 2% – 3% per month |
| Loan Tenure | 61 days to 120 days |
| Legal Status | RBI Registered |
| Contact Number | 9513392668 |
What is pocketly
Pocketly Loan app is a Bengaluru-based financial platform that provides quick short-term personal loans for young salaried, self-employed, and students without physical documents, and collateral within minutes. Pocketly is an RBI-registered financial platform in partnership with Speel Finance Company Private Limited, an NBFC approved by the Reserve Bank of India.
Pocketly provides personal loans up to 50,000 rupees at interest rates ranging from 24% to 36% per annum for a maximum of 3 months of repayment periods. Apart from this, the Pocketly app also helps in building credit scores.
In case of emergency, you can borrow loans from as low as ₹600 – ₹10,000 with few clicks.
Why choose the Pocketly loan app:
- Loan Money up to 50,000 INR!
- Quick and Easy Loan Disbursal!
- Flexible Repayment plan!
- Refer and Earn 500 INR!
- 2 Click Signup!
- Minimum KYC!
- Good Behaviour Perks!
Purpose and Uses of Pocketly Personal Loans:
Pocketly Personal Loan can be used for various purposes; including
Travel, Shopping, Education, Emergency, Food, Movies, Gifting, Others.
Pocketly eligibility criteria
Here are the basic eligibility criteria for Pocketly Loan, fulfill the following criteria;
- Must be an Indian citizen.
- Must be 18 years of age or above
- Must be salaried or self-employed.
- Must have a minimum monthly income of at least ₹15,000.
- You must have an Aadhar card and PAN card.
- Your credit history should be good.
Documents for Pocketly Loan
- Address Proof (Aadhaar)
- Identity Proof (PAN)
- Verified Email
- Bank Account
- Video KYC
Pocketly loan apply online – easy process
To apply for a loan online through Pocketly, follow these simple steps:
- First of all, download the Pocketly app.
- Sign Up Using your Mobile Number.
- Upload Required Documents.
- Verify your profile by uploading KYC, and PAN details.
- Provide your Bank Account Details.
- Choose Your Loan Amount and Tenure.
- Get the loan disbursed directly into your bank account.
Pocketly Loan App Review
Pocketly loan app is a trustworthy and user-friendly platform for short-term loans, has a seamless application process, is secure & secure, and is also RBI-registered. Here are some key points of Pocketly Loan Review;
Pocketly loan app RBI registered
Yes, Pocketly is an RBI-registered loan app and its lending partner is Speel Finance Company Private Limited, an NBFC registered by RBI. Borrow short-term personal loans up to Rs 10,000 in minutes from the Pocketly app, it is a legitimate, legal, and safest instant loan app.
Pocketly loan app real or fake
Yes, Pocketly is a genuine and trusted loan app. Pocketly app offers loans in partnership with Speel Finance Company Private Limited, an RBI-registered NBFC. Over 50 million app downloads and a rating and review of 4.1 from the Google Play Store show that Pocketly is a reliable lending platform.
Pocketly loan app is safe or not
Yes, the Pocketly loan app is a safe and secure lending platform registered by RBI. Pocketly prioritizes customer’s safety and keeps their data secure with 128-bit SSL encryption and HTTPS connection. With a 24/7 dedicated online support team, Pocketly helps customers resolve all their doubts and queries.
In conclusion
In conclusion, Pocketly is a reliable and trustworthy option for those who need quick and short-term financial assistance. Salaried or self-employed, both applicants can avail of the “Pocketly Personal Loan” and use it for any kind of purpose.
Related loan apps;
| Lender | Interest Rate (p.a.) | Processing Fee |
|---|---|---|
| Prefr Loan | 15% to 36% | 3% to 5% |
| RupeeRedee Loan | 12% to 36% | 10% to 15% |
| Olyv Loan | 18% to 30% | 2% to 12% |
| PayRupik Loan | 29% | 10% + GST |
| InCred Loan | 16% to 36% | 2% to 5% |
| IndiaLends Loan | 10.25% to 29.99% | 1% to 6% |
FAQs
What is Pocketly app maximum loan limit?
Pocketly offers a maximum short-term loan of up to ₹10,000 and a personal loan of up to 50,000 for both salaried and self-employed. To increase the Pocketly loan limit, repay the loan EMI on time.
What is the Pocketly loan interest rate?
The interest rates for Pocketly loans range from 1% to 3% per month with processing fees of 0%-7.5% plus GST, depending on the loan amount and repayment tenure.
How to increase Pocketly limit
Pocketly offers short-term personal loans from Rs 500 to a maximum of Rs 10,000. To increase the limit choose a simple repayment plan to pay on time, the limit will increase automatically.
What is Pocketly loan processing time?
Pocketly offers quick and easy personal loans in just a few minutes, loan verification and processing are instant without any physical paperwork, and no need to wait for days for loan disbursement.
What is the Pocketly loan app age limit?
The applicant must be at least 18 years of age and you must be a resident of India.
