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Pocketly Review
Speel Finance Company Pvt Ltd (own NBFC; Pocketly Infotech is the LSP)
RBI Reg B-13.01394; loans ₹1K-₹25K, 60-180 days, 2-3%/mo
Red flags
- •Reported APR exceeds 100% — predatory range
- •Verify NBFC partner directly with RBI before applying
Green flags
No clear green flags noted.
Permissions demanded
Data practices
Not independently audited. Confirm permissions and data-sharing in the app before installing.
Recovery practices
Recovery practices not independently verified. If you face harassment, file an RBI Sachet complaint.
Sources & references
Grievance & support
- Grievance redressalhttps://pocketly.in/grievance-redressal-policy
- Support / helpdeskgrievance@pocketly.in
Contact details published by the lender. If unresolved within 30 days, escalate via RBI Sachet.
Disclaimer: Reviews are independent editorial assessments based on publicly available information and user-submitted complaints. APR ranges and fees can change — always check the lender's Key Fact Statement before borrowing. Not financial or legal advice.
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Frequently asked questions about Pocketly
Is Pocketly RBI-registered?
Pocketly is operated by Speel Finance Company Pvt Ltd (own NBFC; Pocketly Infotech is the LSP). Its RBI status: RBI-regulated NBFC. Always verify the parent lender directly on the RBI NBFC list before borrowing.
What is the real APR on Pocketly?
Pocketly charges an APR between 100% and 200% per annum with a processing fee of up to 10%. After fees and GST, the effective APR on short tenures can be significantly higher than the headline rate.
Is Pocketly safe to use?
RBI Reg B-13.01394; loans ₹1K-₹25K, 60-180 days, 2-3%/mo Permissions demanded: not disclosed. Recovery practices: Recovery practices not independently verified. If you face harassment, file an RBI Sachet complaint..
What loan amount and tenure does Pocketly offer?
Ticket size ranges from ₹1,000 to ₹50,000, with tenure between 1 and 3 months.
How do I close my Pocketly loan early?
Open the app, request a foreclosure quote in writing, and pay the principal + accrued interest. Demand the No Dues Certificate (NDC) within 7 working days — RBI mandates it. If Pocketly refuses or harasses you, file a complaint on the RBI Sachet portal.