mPokket vs KreditBee: Interest Rate, Fees and Eligibility Compared (2026)

Short answer: mPokket is built for first-jobbers, interns and part-time earners, from age 18 and ₹1,000, and publishes its rates by loan size (22% to 36% a year). KreditBee is for borrowers aged 21+ with ₹10,000 income, lends up to ₹10 lakh, and starts at 12%.

Last verified: 12 October 2026 from each company’s official website and, where marked, its Google Play listing. Rates and fees change; the lender’s Key Fact Statement (KFS) and loan agreement decide your actual terms. FundsTiger does not rank lenders.

mPokket vs KreditBee at a glance

	mPokket	KreditBee
Type	Loan app (mPokket Financial Services, an RBI-registered NBFC)	Loan app (Krazybee Services, an RBI-registered NBFC, plus partner lenders)
Loan amount	₹1,000 to ₹2 lakh	₹3,000 to ₹10 lakh
Interest rate	Risk-based: 27% to 36% for ₹1,000 to ₹5,000; 24% to 29% for ₹5,001 to ₹45,000; 22% to 29% for ₹45,001 to ₹1 lakh	12% to 27.5% a year (website); 12% to 28.5% (Google Play)
APR	Up to 57.8% (Google Play)	17% to 50% (Google Play)
Processing fee	From ₹37.50 + GST, rising with amount (Google Play)	Up to 4.7% + GST
Tenure	6 to 24 months	3 to 60 months
Minimum income	Not stated; proof of income needed	₹10,000 a month (household income above ₹25,000)
Who can apply	Freshers and interns with income, salaried, self-employed, gig workers	Salaried (2+ months in current job); self-employed options linked
Age	18+	21 to 60
Prepayment and foreclosure	Not stated	Foreclosure up to 5% of principal outstanding + GST; part-prepayment up to 5% of amount prepaid + GST
Product	Term loan; lump-sum or EMI repayment	Term loan (EMI)
RBI-regulated lenders	mPokket Financial Services	Krazybee Services, PayU Finance India, Oxyzo Financial Services, Vivriti Capital, Cholamandalam Investment and Finance, Kisetsu Saison Finance, Tata Capital, Northern Arc Capital, Piramal Finance, MAS Financial Services, Mirae Asset Financial Services, Aditya Birla Capital
On RBI’s digital lending app list	Yes: 1 RBI-regulated lender lists it; 5Cr+ installs, rated 4.6	Yes: 15 RBI-regulated lenders list it; 10Cr+ installs, rated 4.6
Also worth knowing	Open to first-jobbers and part-time earners; Small loans from ₹1,000	Says low-CIBIL applicants may qualify; Penal charge 36% a year on overdue principal (2 to 180 days)

Install counts and ratings are from Google Play, as recorded on RBI’s digital lending app list check of 5 October 2026.

What a ₹50,000 loan over 12 months would cost

We costed the same loan on each lender’s advertised figures, using the standard reducing-balance EMI formula and adding 18% GST to fees where the lender quotes them before tax. The lowest advertised rate is usually for the strongest credit profiles; many borrowers are offered more.

Lender	Scenario	Rate a year	EMI	Total interest	Fee incl. GST	Total cost
mPokket	Low end of ₹45,001 to ₹1 lakh band	22%	₹4,680	₹6,157	Not published	₹6,157 + fee
mPokket	High end of that band	29%	₹4,850	₹8,198	Not published	₹8,198 + fee
KreditBee	Lowest advertised rate	12%	₹4,442	₹3,309	₹2,773	₹6,082
KreditBee	Highest advertised rate (website)	27.5%	₹4,813	₹7,757	₹2,773	₹10,530

Try your own numbers in our personal loan EMI calculator. For loans quoted only as APR, the APR already includes fees, so the total is an estimate.

Key differences

Who can apply: mPokket accepts 18+, including freshers and interns with income; KreditBee 21+ and salaried.
Smallest loan: ₹1,000 at mPokket; ₹3,000 at KreditBee.
Rate on ₹50,000: mPokket 22% to 29%; KreditBee 12% to 27.5%.
Largest loan: mPokket ₹2 lakh; KreditBee ₹10 lakh.

Which should you choose?

mPokket may suit you if you are under 21, a fresher or intern, or need a very small amount.

KreditBee may suit you if you are 21+ with a steady salary and want a lower starting rate or a larger loan.

Whichever you pick, compare the APR in the KFS you are actually offered, not the advertised starting rate.

Before you apply

Find the lender’s name in the app and check it on RBI’s list of digital lending apps or our RBI-registered NBFC search.
Read the Key Fact Statement (KFS) before you accept. It must show the APR, every fee and the total you will repay.
Never pay a fee before the loan is disbursed. Regulated lenders deduct fees from the loan or add them to the EMI.
Apply to one or two lenders, not ten. Each application is a hard enquiry on your credit report.
Check that the EMI fits your budget with our FOIR calculator.

Want to see offers from several RBI-regulated lenders in one place?

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Frequently asked questions

Can students get a loan from mPokket?

mPokket lists freshers, interns and people still studying who have part-time income. Proof of income is required. Borrow only what your income can repay.

Is mPokket an NBFC?

Loans are given by mPokket Financial Services Private Limited, an RBI-registered NBFC.

Are these lenders RBI-regulated?

The loans described here are given by RBI-registered NBFCs or banks named in the table. Check the lender named in your loan agreement on RBI’s digital lending app list.

Where do these figures come from?

From each company’s official website and, where noted, its Google Play listing, checked on 12 October 2026. Where a company’s own pages disagree, we show both figures.

Sources

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Disclosure: FundsTiger (Gatimaan Finance Advisors Pvt. Ltd.) is a loan marketplace and lending service provider for RBI-regulated lenders. Aparampaar Finance Pvt. Ltd. (Omozing), one of those lenders, is a related party of FundsTiger. This article is general information, not financial advice. Read your loan agreement and KFS before you decide.