MPokket is a student loan provider which provides instant loan for college students. I installed this application and created my account on mPokket with my Phone Number and Email address. The sign up process was easy to setup.
To be eligible to apply for loan you must verify your account with any Government Approved ID Card. I use my Voter ID card for registration. Almost every details should be filled correctly in order to apply for loans. These includes filling College Details, Admission Year and Month of College, When you will complete yo college and many other details.
It is also necessary to upload Student ID card and and Video in which you have to speak your name and also you have to say that you are responsible for repayment of your loan.
After filling all details you have to wait for 5 to 6 hours for approval of your account, And once approved by the admin you are eligible for applying loans but there is a limit that you can apply for certain amount of money.
My borrowing limit was 1000 rupees and I borrowed 1000 rupees in my PayTM account. And I get total of 994 rupees in my PayTM wallet instantly as Rupees 6 is taken as transaction fee.
For 1000 rupees you have to pay 1100 rupees in One Month. And if you have sufficient MCoins the the total repayment is reduced by using MCoins.
I have used their service and they provide good and valuable service for College Students.
The only Negative about it's borrowing amount is limited. Which can be increased or maybe decreased, totally depends on mPokket. And there is no any other way to borrow more money except this.
I think it is good for those, who needs urgent money, without much more documentation. You can try mPokket hasel free.