Whether you are salaried, self-employed, or in any profession, Pocketly App offers personal loans ranging from ₹1,000 to ₹50,000. You can use this loan for various personal or emergency needs.
Key Benefits of the Pocketly Loan App
- Quick Loan Processing: Get approved with just two clicks and minimal KYC.
- Flexible Loan Amounts: Choose loan amounts from ₹1,000 to ₹50,000 as per your requirement.
- Transparent Charges: No hidden fees or annual charges.
- Flexible EMI Options: Pay minimum due amounts at your convenience and close the loan anytime.
- 24/7 Online Support: A dedicated support team is available for any queries.
- Credit Rewards: Timely repayments can boost your credit limit from ₹600 to ₹10,000.
Pocketly Loan Eligibility Criteria
To qualify for a loan from Pocketly App, ensure you meet these eligibility requirements:
- Age: Minimum 18 years
- Credit Score: At least 600 or higher
- Citizenship: Must be an Indian citizen
- Income Proof: Proof of a stable income source
- Bank Account: An active bank account required
- Smartphone: Android or iOS device needed
- Documents: Aadhar Card, PAN Card, and income proof required
- Repayment Ability: Must provide evidence of repayment capacity
- Permanent Address: Proof of permanent residence in India
- Active Mobile Number: A valid mobile number is mandatory
Required Documents for Pocketly Loan
Here are the documents you’ll need to apply for a Pocketly loan:
- Identity Proof: PAN Card or Passport
- Address Proof: Aadhar Card, utility bills, or bank statements
- Income Proof: Salary slips, bank statements, or IT returns
- Bank Account Details: For loan disbursement
Pocketly Loan Interest & Charges
Understand the applicable charges before applying:
- Interest Rate: 20% to 36% per annum
- Processing Fee: 2% to 5% of the loan amount (lower for higher loans)
- Penalty: Charges apply for delayed payments
- Foreclosure Fee: Prepayment charges may apply
- GST: 18% GST applicable on all charges
How to Apply for a Pocketly Loan (Step-by-Step Guide)
- Download the App: Install the Pocketly App on your smartphone.
- Register: Create an account with your mobile number and email ID.
- Complete KYC: Upload scanned copies of essential documents like Aadhar and PAN cards.
- Select Loan Amount: Choose your required loan amount from ₹1,000 to ₹50,000.
- Submit Application: Apply and wait for approval.
- Sign Loan Agreement: Use Aadhar OTP to sign the agreement online.
- Receive Funds: Upon approval, the loan amount will be transferred directly to your bank account.
Frequently Asked Questions (FAQs)
Q: Is taking a loan from Pocketly safe?
A: Yes, Pocketly is an RBI-registered NBFC and a government-recognized loan provider. No pre-loan payments are required.
Q: How quickly can I get a loan through Pocketly?
A: Pocketly’s 100% digital process ensures quick loan approval. Complete the KYC process through your phone, and get your loan in just a few hours.
