Instant Shopping Loan for Your Planned Purchases
Find something you really want, but the full price is a bit steep? Divide it into easy EMIs. The mPokket shopping loan is quick to get, and you can borrow up to Rs 2 lakhs. The loan is unsecured, which means you don't have to put up an asset. You apply in the app, and if approved, the money is sent directly to your bank account.
- No Rigid CIBIL Cutoff
- Minimal Documentation
- Quick Approval and Disbursal
- No Hidden Charges
No Rigid CIBIL Cutoff
Minimal Documentation
Quick Approval and Disbursal
No Hidden Charges
What Is a Shopping Loan?
₹2L+
Max Amount
100%
Digital
Fast
Approval
Pay Less Upfront
Buy what you need today and pay it back over time. The whole price doesn't leave your account at once.
Flexible Repayment
Pick a tenure that fits your monthly budget. The EMI is fixed and shown before you take the loan, so nothing surprising turns up later.
Online Application
You can apply for an online shopping loan through the mPokket app. No branch visit, no paper forms, no appointments. It's digital from start to finish.
Manage Planned Expenses
If you've planned a purchase, you can plan the repayment right along with it. The expense stays tidy and doesn't knock your other monthly commitments off course.
Save Securely
Your savings are there for you for emergencies and long-term goals. The loan covers the purchase, while your financial cushion remains untouched.
Purchase from Anywhere
The money goes straight into your bank account, so any shop or online platform is fair game. It's your choice where you shop and who you buy from. That's the kind of freedom a loan for shopping gives you.
When Can a Loan for Shopping Help?
Even planned purchases can squeeze a monthly budget. Here are some situations where a loan for shopping makes things easier.
Been eyeing a gadget? Buy it now instead of saving for months, and you won't miss a good deal.
Clothing, accessories, and personal care. Cover what you need for yourself without dipping into money meant for essentials.
Gifts for relatives, school supplies, and things for a family function. Buying for the household gets a lot easier to handle.
Refresh your wardrobe, accessories, or living space bit by bit, with a repayment plan you already know.
mPokket looks at your overall financial profile. These are the things it checks.
Age and Nationality
You need to be above 18 and an Indian resident.
Income Source
A regular, verifiable income is the base of the assessment. It should show that the monthly EMI is comfortable for you.
Credit Profile
CIBIL score, and repayment history will get assessed. Usually, a 700+ score would get you faster processing and better terms, although mPokket doesn’t have a strict CIBIL cutoff.
Existing Obligations
Current EMIs and other financial commitments are taken into account. The question is simple: can you handle the new repayment alongside what you already pay?
Banking Details
You'll need a valid bank account in your own name for disbursal and repayment. Three to six months of regular activity in that account helps the assessment.
Repayment Potential
The EMI should sit comfortably within your monthly income once your other commitments are paid.
How Do You Calculate Your Shopping Loan EMI?
Before applying, run the numbers in the shopping loan EMI calculator. Put in the loan amount, interest rate, and tenure, and you'll see your monthly EMI, total interest, and total repayment right away. Try a few tenures. Shorter ones cost less in total interest, but the EMI is higher. Longer ones bring the monthly amount down, though the overall cost goes up. You already know what you're buying and what it costs, so finding the right balance takes maybe two minutes. A sensible loan for shopping starts with that quick check.
What Documents Are Required for a Loan for Shopping?
Not many documents are needed, and you submit all of them digitally in the mPokket app. Just keep each scan clear and readable.
PAN Card
Confirms your identity and helps check your credit history.
Aadhaar Card
Used to verify identity and address. KYC gets done through an Aadhaar OTP in the app.
Income Proof
Salary slips, ITR filings, Form 16, or freelance invoices, whichever matches how you earn.
Bank Statements
Three to six months of statements that show regular income and transaction activity.
Employment Proof
Salaried applicants can share an employee ID card, appointment letter, or offer letter. If you're self-employed, business or professional income records work.
Documents in order? Apply Now
Start ApplicationHow Do You Apply for a Loan for Shopping Online?
Applying for an online shopping loan takes five steps on the mPokket app. No branch, no queue, nobody to meet.
- 01
Check Eligibility
Enter a few personal and financial details to see if you qualify and for how much.
- 02
Fill Application Details
Add your personal information, income details, and the amount you need.
- 03
Upload Documents
Upload clear scans of your KYC, income proof, bank statements, and employment documents in the app.
- 04
Verification
mPokket goes through your details and documents digitally. You can check your approval status within minutes.
- 05
Approval and Disbursal
When approved, the money is deposited directly into your registered bank account. Go ahead with your purchase as soon as it arrives.
Frequently Asked Questions
Yes. A shopping personal loan has no end-use restriction, so eligible personal purchases are okay. mPokket's loan is unsecured, and approved amounts are credited straight to your bank account.
Electronics, lifestyle products, household goods, festive shopping, family needs, and other personal requirements. The money goes straight into your bank account so you can shop at any shop or platform you like. That flexibility is what makes shopping finance so useful.
PAN and Aadhaar for KYC, income proof like salary slips or ITR, bank statement for the last three to six months, and employment proof.
Three things decide it: the loan amount, interest rate, and tenure. Enter them in the shopping loan EMI calculator, and you'll see your monthly EMI, total interest, and total repayment before you apply.