Instant Personal Salary Loan Live

Phocket is India’s most preferred AI based Instant Loan, Personal Loan & Advance Salary App for Salaried Professionals at the lowest interest rates with No hidden costs, 100% transparency & No collaterals. We are accessible both via Mobile App & Web (phocket.in). The application process is super convenient, hassle-free & can be filled within 10 minutes. Documentation requirement is also minimal, Approvals are done instantly for completed applications & money is transferred directly to the bank account of the applicant. Shop Now & Pay later - A loan option where you can Buy anything Now, Pay Later in EMIs. Via this option, you can avail e-vouchers on Phocket App on loan, purchase on Phocket's partner platforms Flipkart & Amazon & pay later in EMIs. Eligibility 👉Salaried Professionals above the age of 20 years. 👉Minimum take home salary of ₹ 15,000. Documents Required 📄 Address Proof (Aadhar, Passport, Driving License, Voter Id, etc) 📄 PAN Card 📄 Last 2 Months Bank Statement 📄 Latest Salary Slip Key Highlights & Features 🔸Amount ranges between ₹ 5,000 & ₹ 2,00,000 🔸Annual Percentage Rate range from 0% - 36% 🔸Loan Tenure ranges from 62 days - 365 days 🔸Flexible Repayment EMI(s) 🔸Instant Approval & Disbursement 🔸No Collaterals, Fully Automated & Paperless 🔸Easy Online Process, Fast & Reliable services 🔸100% Transparency & No Hidden Charges 🔸Instant cash transfer in the provided bank account 🔸No Prepayment Charges 🔸Multiple Repayment Options Here’s an example on how loans from Phocket work Example Loan Amount: ₹ 20,000 Tenure: 3 Months Interest: Flat 36% per annum Processing Fees (incl. GST): ₹ 708 Disbursed Amount: ₹ 20,000 - ₹ 708 = ₹ 19,292 Flat Interest: ₹ 20,000 * 3/12 * 36% = ₹ 1,800 Total Repayment Amount: ₹ 20,000 + ₹ 1,800 = ₹ 21,800 Monthly EMI: ₹ 21,800 / 3 = ₹ 7,267 Total Cost of loan: Interest Amount + Processing Fees = ₹ 1,800 + ₹ 708 = ₹ 2,508. Example Loan Amount: ₹ 5,000 Tenure: 3 Months Interest Rate: 0% Processing Fees: 0 In-Hand Amount: ₹ 5,000 Interest: ₹ 0 Total Repayment Amount: ₹ 5,000 Monthly EMI: ₹ 5,000 / 3 = ₹ 1,667 Interest rates and other charges 🔹Interest Rate range from 0% to 36% 🔹Late payment charges: We charge a late payment fee not exceeding 8.33% per month on the amount due, subject to a minimum of ₹ 500+GST 🔹Mandate reject charge: ₹ 250+GST. 🔹Bounce charges:₹ 500+GST 🔹Prepayment charges: 0 🔹Processing Fees (incl. of GST) ranges from ₹ 472 to ₹ 11800 The app requires the following permissions to function properly : 🔑Location Collect, store & monitor information about the location of your device to do a risk assessment for credit scoring. 🔑Phone Collect, store & monitor information about your device to uniquely identify the devices & ensure that unauthorized devices are not able to act on your behalf to prevent frauds. Approval Process ✔️Loan Approvals happen instantly ✔️For first time users (new customers), an applicant needs to e-sign the loan agreement & give auto-debit authorization via net banking e-mandate. Once these formalities are completed, the disbursement happens the same day ✔️Loan amount will be transferred directly to the provided bank account of the applicant Note Phocket is working with RBI compliant NBFC - Citra Financials Pvt Ltd. Contact Us For any kind of help or support, feel free to send an email to [email protected] or call us at 8010700600