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Cancel MPOKKET
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Cancellation service #1 in India
4.9Calculated on 5.6K reviews
I hereby notify you of my decision to terminate the contract relating to the Mpokket service.
This notification constitutes a firm, clear and unequivocal intention to cancel the contract, effective at the earliest possible date or in accordance with the applicable contractual period.
Please take all necessary measures to:
– cease all billing from the effective date of cancellation;
– confirm in writing the proper processing of this request;
– and, if applicable, send me the final statement or balance confirmation.
This cancellation is addressed to you by certified e-mail. The sending, timestamping and content integrity are established, making it a probative document meeting electronic proof requirements. You therefore have all the necessary elements to proceed with regular processing of this cancellation, in accordance with applicable principles regarding written notification and contractual freedom.
In accordance with personal data protection rules, I also request:
– deletion of all my data not necessary for your legal or accounting obligations;
– closure of any associated personal account;
– and confirmation of actual data deletion according to applicable privacy rights.
I retain a complete copy of this notification as well as proof of sending.
Important warning regarding service limitations
In the interest of transparency and prevention, it is essential to recall the inherent limitations of any dematerialized sending service, even when timestamped, tracked and certified. Guarantees relate to sending and technical proof, but never to the recipient's behavior, diligence or decisions.
Please note, Postclic cannot:
- guarantee that the recipient receives, opens or becomes aware of your e-mail.
- guarantee that the recipient processes, accepts or executes your request.
- guarantee the accuracy or completeness of content written by the user.
- guarantee the validity of an incorrect or outdated address.
- prevent the recipient from contesting the legal scope of the mail.
Cancellation Mpokket: Step-by-Step Guide
What is Mpokket
Overview
Mpokket is a digital lending platform in India that offers small, short-term personal loans and credit-line style advances primarily to students and young professionals.
The service combines quick disbursal with a subscription-based approach for repeat users, and operates under regulated lending and data-retention norms in India.
Who uses it
Typical users are college students or early-career individuals seeking emergency or short-term credit for expenses like tuition, travel, or bills.
Before using Mpokket, users should review loan terms, fees, and impact on credit records carefully.
How to cancel Mpokket
When you can cancel
According to Mpokket's Terms & Conditions, loans cannot be cancelled once the amount is disbursed to your bank account, except during a short "look up period" or in specific payment timing cases.
Additional payments may be eligible for refund after reconciliation; see the refunds section below for timing.
Step-by-step cancellation guide
- Check your loan status in the app or loan agreement to confirm whether disbursal has completed.
- If the loan is not yet disbursed, use the in-app options or contact customer support to halt processing immediately.
- If disbursed within the "look up period" and you made a payment qualifying for cancellation, contact support promptly with transaction details.
- If you seek to stop auto-payments or recurring subscriptions, disable autopay in the app and confirm via email or app notification.
- Retain screenshots of app pages, transaction IDs, and all communications for your records.
What happens when you cancel
Access and account status
If cancellation is accepted before disbursal, your loan application is stopped and no funds are sent to your bank account.
If cancellation is not possible after disbursal, your repayment obligations remain until the loan is settled as per the contract.
Data, subscriptions and renewals
Subscription access or credit limit renewals will stop once the account or subscription is cancelled or suspended as per the app settings.
Data retention follows RBI and statutory norms; deletion requests may be processed only after outstanding loans are settled.
Will I get a refund?
General refund policy
Mpokket states that refunds initiated by the company (for overpayment or reversal) are credited back to the original account or card used for the transaction.
Refunds are processed within statutory timelines applicable to the payment method and banking system.
Exceptions and timing
- Loans once disbursed cannot be cancelled except during a short "look up period".
- Additional payments made by the user are refundable within 30 days upon reconciliation by the company.
- Keep transaction receipts and communication to support any refund claim.
Mpokket plans and pricing
Pricing availability
No publicly detailed pricing schedule or fixed interest/fee table was found in the verified sources provided.
For exact fees, interest rates, or subscription charges, contact Mpokket support or consult your loan agreement within the app.
Contact for official pricing
If you need precise pricing, request a fee schedule through the app or customer support before accepting any loan or subscription offer.
| Plan | Period (期間) | Price / Notes |
|---|---|---|
| Standard Loan / Credit Line | On-demand | Contact for pricing |
| Subscription / Repeat User Benefits | On-demand | Contact for pricing |
Your consumer rights in India
Grievance redressal
Mpokket provides a grievance redressal policy committing to resolve customer complaints within 7 working days via CRM.
Escalation options include contacting the Grievance Redressal Officer, the Nodal Officer, and ultimately the RBI Ombudsman if unresolved.
Reference: Mpokket grievance redressal policy.
Data and refund rights
- Refunds are processed back to the original funding source within statutory timeframes.
- Users may request data deletion via email or the app FAQ, but approved deletions generally require settlement of outstanding loans.
- Data retention will comply with RBI and other statutory requirements.
Customer experiences
Positive feedback
Some users praise Mpokket for speed and ease in emergency lending, and describe the mobile app as simple to use.
Examples of positive reviews appear on platforms like Trustpilot and JustDial.
Negative feedback
Many reviews report severe complaints: high effective interest costs, CIBIL/credit-score impacts, and problems with repayments reflecting properly.
Other reports mention poor or slow customer service and aggressive collection communications in some user accounts.
Sources with user feedback: Trustpilot, JustDial, Reddit.
Documentation checklist
What to prepare before cancelling
- Loan agreement or in-app loan summary (showing disbursal date and amount).
- Transaction IDs and bank statements showing disbursal and any payments.
- Screenshots of the app pages showing loan status and any cancellation/autopay settings.
Supporting documents for disputes or refunds
- Email or chat transcripts with customer support.
- Payment receipts, UPI/NEFT/IMPS confirmations, or card statements.
- ID and KYC documents if requested by the company for reconciliation.
Common mistakes
Assuming you can cancel after disbursal
A frequent error is believing you can cancel a loan after funds reach your bank. Mpokket's terms state cancellation is not allowed once disbursed except during a short "look up period".
If you need to reverse a disbursal, act immediately and provide transaction evidence to support any exception claim.
Not keeping records
Users often fail to save receipts, screenshots, or chat logs. Lack of documentation makes refunds, reconciliations, or credit disputes harder to resolve.
Always save confirmations and communicate in writing (email/app chat) when requesting cancellations or refunds.
Comparative recap
Quick comparison
The table below highlights key points comparing Mpokket with a typical short-term microloan product in India.
Use this to decide whether Mpokket terms fit your needs before applying.
| Feature | Mpokket | Typical short-term loan | Period (期間) |
|---|---|---|---|
| Cancellation after disbursal | No (except short "look up period") | Varies by lender; some allow short reversal windows | On-demand |
| Refunds for overpayment | Refunds to original source; additional payments reconciled within 30 days | Usually refunded to original source within banking timelines | 30 days / statutory |
| Customer support & grievance | 7 working days resolution target; escalation routes provided | Varies; regulated lenders must provide grievance channels | 7 working days |
| Pricing disclosure | Contact for pricing (check loan agreement) | Often published, but effective rates can differ | On-demand |
After cancelling
What to monitor
After a successful cancellation or refund request, monitor your bank/UPI/card account for the credited amount within statutory timelines.
Allow for reconciliation periods; additional payments may take up to 30 days to be refunded after Mpokket completes account reconciliation.
Where to get help
- Start with in-app customer support and save all correspondence.
- Use Mpokket's grievance redressal page for formal escalation: Mpokket grievance redressal policy.
- If unresolved, escalate to the RBI Ombudsman as described in the grievance policy.
Address
Registered office (for correspondence)
PS Srijan Corporate Park, Tower 1, 12th Floor, Unit No. 1204, 2, EP & GP, Sector V, Bidhannagar, Kolkata, West Bengal 700091, India.