Are you looking for the best loan apps for students?
You are at the right place. Investing in your future is a vital part of your education. Studying for a college degree is more than just taking a new course of study. It's also about preparing yourself for a future of financial security and freedom.
Students returning to school to build a brighter financial future for themselves and their families need to be aware of student loans.
To maximize their chances of receiving scholarships or staff support, they must create a financial plan before starting such an adventure.
There is no need to worry about getting student loans anymore. In this article, you can find several student loan apps in India for a loan without hassle. It will help you get through your college years without any problems.
List Of best loan apps for students
Here's Our Top Picks for loan app for students:
Top 10+ Best loan apps for students : student loan app
1. KreditBee
Kredit Bee is easily one of the best among the top 5 student loan app that offers a simple and minimal procedure for personal loans.
The documentation is minimal, and the entire process starting from registration to disbursement does not take more than 15 minutes.
Kreditbee is the only loan apps for students which has a short approval time in comparison to other appps
- Amount of loan - Rs. 1,000 to 3,00,000
- Eligibility criteria -
Must be an Indian national
Must be over the age of 21
You must provide identity and address proof documents.
Should have a valid college ID card.
Must be enrolled in a college or institution.
Should have a bank account.
- Interest rate - Their rates for loans vary from 0% to 29.95% per annum based on the amount borrowed.
- Period to repay the loan - The minimal documentation for a maximum tenure of 62 days to 15 months.
- Points to Remember -
You can get a loan from KreditBee without any CIBIL score that banks or NBFCs require to grant credits.
For short-term loans, KreditBee offers a repayment period of 2 to 6 months.
2. mPokket
One of the most trusted student loan app is mPokket.
The app offers easy loan and repayment methods, making it easy for students to take loans. There are also rewards for timely repayments.
Its features and because of its low interest rates , makes it one of the best personal loan app for students.
- Amount of loan - Rs. 500 to 30,000
- Eligibility criteria -
Students must be over 18 years of age and have a college degree from an accredited institution.
Age must be 18 years old or above to apply for a mPokket loan.
They should have an android mobile device.
You must provide identity and address proof documents.
Should have a valid college ID card.
Must be enrolled in a college or institution.
Should have a bank account.
- Interest rate - Their rates for loans vary from 2% to 6% per month based on the amount borrowed.
- Period to repay the loan - The minimal documentation for a maximum tenure of 61 days to 120 days.
- Points to Remember -
3. Pocketly
Pocketly is a well-known app for instant loans. You can get rewards and cashback on referrals.
The app has a minimal documentation process making it simple for students to avail loans.
- Amount of loan - Rs 500 to 10,000
- Eligibility criteria -
Must be an Indian national
Must be at least 18 years old.
Source of a monthly income
You must provide identity and address proof documents.
Should have a valid college ID card.
Must be enrolled in a college or institution.
Should have a bank account.
- Interest rate - Interest rates starting from 1% to 3% per month i.e. APR 12% to 36%.
- Period to repay the loan - Maximum tenure is from 2 to 3 months.
- Points to Remember - Processing fees of ₹20 to ₹120. GST extra as applicable.
4. Bajaj Finserv
Bajaj Finserv is a well-known and trusted app for providing loans in minimum interest rates and easy returns.
Furthermore, you can get no-cost EMIs on some purchases with the Bajaj Finserv app.
- Amount of loan - Rs 30,00 to 25,00,000
- Eligibility criteria -
Must be an Indian national
Full-time College Students above 18 years of age.
You must provide identity and address proof documents.
Should have a valid college ID card.
Should have a bank account.
- Interest rate - Rate of Interest / Annual Percentage Rate (APR) is 12% to 34%.
- Period to repay the loan - Maximum tenure is from 12 to 84 months.
- Points to Remember -
5. Red Carpet
The red carpet app offers easy money transfers and personal loans.
You can get loans easily with minimum KYC and pay later at affordable interest rates. The application fees are between Rs 0 to 650.
- Amount of loan - Rs 500 to 60,000
- Eligibility criteria -
Must be an Indian national
Indian Resident
Age should be 18-56 years
Source of a monthly income
You must provide identity and address proof documents.
Should have a valid college ID card.
Must be enrolled in a college or institution.
Should have a bank account.
- Interest rate - It offers an interest rate of 0% to 29.95% per annum with an equivalent monthly interest rate of 0% to 2.49% only.
- Period to repay the loan - Maximum tenure is from 3 to 36 months.
- Points to Remember -
The processing Fee for low-risk customers is 0% to 3%, and for very high-risk customers, it is 2.5% to 6.5% of the principal.
Late fees on late payments are about Rs 300 for 10,000 Rs.
Repayment: Bill generated on 15'th of every month. Repay next month at no extra cost or convert it into EMIs for up to 12 months.
6. Krazy Bee
Krazy Bee is apps for loan platform for young professionals, where they can apply for a personal loan with minimal documentation.
Here, students have to pay 25% of the amount as a down payment.
- Amount of loan - Rs 1,500 to 60,000
- Eligibility criteria -
Must be an Indian national
Indian Resident
Age should be 18-56 years
Source of a monthly income
You must provide identity and address proof documents.
Should have a valid college ID card.
Must be enrolled in a college or institution.
Should have a bank account.
- Interest rate - It offers an interest rate of 14 percent on semester loans for students, and its NPA level is 1.4 percent.
- Period to repay the loan - Maximum tenure is from 3 to 12 months.
- Points to Remember -
7. Cash Bean
At 3rd position in our list of best loan apps for students we have Cash Bean .
Cash Bean is an instant loan for students in India from which you can avail of loans within 24 hours. These loans do not require any documents or credit history.
You can avail personal loan from Cashbean at minimum rates starting at 33% for a maximum tenure of 12 Months.
- Amount of loan - Rs 1,500 to 60,000
- Eligibility criteria -
Must be an Indian national
Indian Resident
Age should be 18-56 years
Source of a monthly income
You must provide identity and address proof documents.
Should have a valid college ID card.
Must be enrolled in a college or institution.
Should have a bank account.
- Interest rate - Their rates for loans vary from 0% to 25.55% per annum based on the amount borrowed.
- Period to repay the loan - Maximum tenure is from 3 to 6 months.
- Points to Remember -
Processing Fee ranges from Rs 90 ~ to Rs 2,000 for a one-time charge, which depends on the loan amount and the application details.
GST is 18% of the Processing Fee by the policy and laws of India.
8. Slicepay
Slicepay is yet another loan app for students with a simple and user-friendly-quick loans for students.
Here, you can get no-cost EMI and low-interest rates on your loan. The app also offers a super slice credit card for hassle-free payments.
- Amount of loan - Rs 500 to 10,000
- Eligibility criteria -
Must be an Indian national
Full-time College Students above 18 years of age.
You must provide identity and address proof documents.
Should have a valid college ID card.
Should have a bank account.
- Interest rate - Rate of Interest / Annual Percentage Rate (APR) is 12% to 34%.
- Period to repay the loan - Maximum tenure is from 2 to 3 months.
- Points to Remember - Read sample loan agreements and loan calculations before placing a request for a loan.
9. Badabro
BabaBro is an application that provides instant loans for salaried professionals and college students (from recognized educational institutions).
The app has a simple documentation process and loans availed are instantly credited to your Bank account/Paytm wallet.
- Amount of loan - Rs 500 to 10,000
- Eligibility criteria -
Must be an Indian national
Full-time College Students above 18 years of age.
You must provide identity and address proof documents.
Should have a valid college ID card.
Should have a bank account.
- Interest rate - Interest rates start from 1% to 5% per month.
- Period to repay the loan - Maximum tenure is from 2 to 3 months.
- Points to Remember - Processing fees range between ₹38 to ₹150 [Rounded Off], plus 18% GST. Maximum APR of 115.58%
10. Sahukar
Sahukar is a loan lending platform with user-friendly terms and conditions. It gives personal loans to students to meet their short-term financial goals.
The documentation, loan disbursal, and repayment take place digitally, with no lengthy paperwork or human interaction.
- Amount of loan - Rs 500 to 5,000
- Eligibility criteria -
Must be an Indian national
Full-time College Students above 18 years of age.
You must provide identity and address proof documents.
Should have a valid college ID card.
Should have a bank account.
- Interest rate - Interest rates are 3% per month. The maximum interest rate per annum (APR) is 36% only.
- Period to repay the loan - Maximum tenure is from 2 to 3 months.
- Points to Remember - Read sample loan agreements and loan calculations before placing a request for a loan.
10. Buddy Loan
Buddy Loan believes that the best education is not just crucial but is the right of all. So the user application has some great loan offers available ranging from personal to educational.
It is one of the most loved student loan applications. The platform has a plethora of options for people who are short on finances.
It is an extremely reliable and hassle-free way to get some monetary aid. The app has some great deals and offers for customers and is a one-stop solution for getting any type of financial assistance.
Maximum Loan: Rs.15,00,000
- Minimum Loan: Rs.1,000
- Eligibility criteria -
The candidate must be an adult (18 yrs or old) otherwise a guardian has to apply.
The course/program chosen by the student must be a professional or technical one. Financial institutes prefer funding a job-oriented course.
The candidate must be a studious one and possess a decent academic record.
The student must have secured admission to some recognized university.
Documentation required -
Identity Proof: Driving License/Aadhar Card/ Pan card/ Passport/ Voter Id.
Residential Proof: Utility Bills/ License Agreement
Proof of Income: any reliable income proof is necessary. Eg- The latest 3 months' Bank statements.
Passport Size Photograph: Passport size photographs are mandatory depending on the need.
All Essential Academic documents.
- Collateral Free Educational loans are provided for all educational levels ranging from primary to higher
- Timely and instant Loans are available. This helps the student to get the funds immediately and prevents them from losing opportunities.
- Completely Digital and paperless process. Buddy Loan does it all digitally. It allows the users to access it all on their handsets and the service is available 24*7.
11. Money View
Connecting the instant loan app for students and assisting them to get a good education is what the platform is all about.
It is a safe platform to help students arrange funds for themselves and head start their careers.
Since 2016 the fintech startup has helped a number of students achieve their dreams and pave their way to some great colleges.
Maximum Loan: Rs. 5,00,000
- Minimum Loan: Rs.10,000
- Eligibility criteria -
- The candidate must be above 21 yrs old or above.
- The student must apply for some Higher education, no primary education loans are available here.
Documentation required -
- Identity Proof: Driving License/Aadhar Card/ Pan card/ Passport/ Voter Id.
- Residential Proof: Utility Bills/ License Agreement
- Proof of Income: any reliable income proof is necessary. Eg- The latest 3 months' Bank statements and a good credit score.
- Passport Size Photograph: Passport size photographs are mandatory depending on the need.
All Essential Academic documents.
- Personal Loans related to education or some small Personal loans ranging up to Rs. 5,00,000 are also available for students and these can be provided within 24hrs of the request being made. Such facilities make the application stand out.
- A lower interest rate is another brownie point of the app. It provides funds to candidates at interest rates ranging from 9% to 15%.
- Longer return periods help the students stay stress-free and pay the money back at their convenience.
12. Navi
One of the most user-friendly and hassle students loan app to get instant cash loans is Navi. The platform allows the users to get immediate funds and that too in a secure and safe manner.
All one has to do is get the application, enter the relevant details and the moneylenders will start approaching you.
The platform is open 24*7 and will provide you with immediate fund assistance.
Maximum Loan: Rs. 50,00,000
- Minimum Loan: Not specified
Eligibility criteria -
- The candidate must fall in the age bracket of 18 to 35 years of age.
- The student must be a resident of India.
- CIBIL score must be above 750, if it is less than this the candidate must try applying with a co-applicant.
- Candidates must possess an admission confirmation from the respective university. And he must be applying for a UG, Master's degree, or PG diploma.
Documentation required -
- Identity Proof: Driving License/Aadhar Card/ Pan card/ Passport/ Voter Id.
- Residential Proof: Utility Bills/ License Agreement
- Proof of Income: any reliable income proof is necessary. Eg- The latest 3 months' Bank statements and a good credit score.
- Passport Size Photograph: Passport size photographs are mandatory depending on the need.
- All Essential Academic documents.
- Minimal documentation is the leading feature of the loan app.
- Users may not specify the purpose of the loan and can freely use the money anywhere. Lenders just verify the credibility and background of the customer.
- There are multiple repayment options available and users can choose the repayment tenure themselves.
- Low and attractive interest rates are offered.
13. Money Tap
Money Tap is India’s most loved among the best app for loan for students application. It provides small, and medium credit assistance to various customers for multiple purposes.
The founders of the platform understand the difficulty of getting loans and wanted to bring a change by making the process hassle-free.
They offer various low-interest rate loans with flexible tenure and help people achieve their dreams.
The app currently is enjoying a wide customer base due to its excellent performance.
Maximum Loan: Rs. 50,00,000
- Minimum Loan: Not specified
Eligibility criteria -
- The candidate must be 23yrs old or above. And must earn a minimum of Rs. 20,000 per month.
- Any Self Employed individual who is below the age of 55 years and earns a minimum of Rs. 20,000 is eligible to apply.
Documentation required -
- Identity Proof: Driving License/Aadhar Card/ Pan card/ Passport/ Voter Id.
- Residential Proof: Utility Bills/ License Agreement
- Proof of Income: any reliable income proof is necessary. Eg- The latest 3 months' Bank statements and a good credit score.
- Passport Size Photograph: Passport size photographs are mandatory depending on the need.
- All Essential Academic documents.
- No extra charges, no assistance fees, and no collateral are required for student loans.
- A great customer care facility to assist users regarding the loan procedure and installments is available on the platform.
- All the schemes and loans available on Money Tap can be easily checked out on mobiles and an installment calculator also helps the users get an idea about their EMIs.
- All the schemes and loans available on Money Tap can be easily checked out on mobiles and an installment calculator also helps the users get an idea about their EMIs.
14. Dhani
Dhani is a safe loan app for students to borrow money and achieve your dreams. It is a great credit line application with some advanced features.
The platform has a wide range of personal loans available. Students can also borrow the funds in the form of personal loans.
The app is known to provide best of the financial services at minimal charges of Rs. 149 to Rs. 299.
It is a great platform to hit on when running low on funds.
Maximum Loan: Rs. 20,00,000
- Minimum Loan: 2,000
Eligibility criteria -
- The individual must be a resident of India and possess the relevant proof.
- The borrower must be a salaried employee or a self-employed professional.
- The individual must be an adult ( 18 yrs or above).
Documentation required -
- Identity Proof: Driving License/Aadhar Card/ Pan card/ Passport/ Voter Id.
- Residential Proof: Utility Bills/ License Agreement
- Proof of Income: any reliable income proof is necessary. Eg- The latest 3 months' Bank statements.
- Passport Size Photograph: Passport size photographs are mandatory depending on the need.
- All Essential Academic documents.
- Dhani has great customer support and customers can seek help anytime from anywhere. They pay special attention to the people who have borrowed money from the platform and help them at each step.
- The documentation often is a cumbersome process and takes a long time but Dhani values the time and has a fast 20-minute document verification process.
- No bank credit card is required to borrow funds. All the user need is relevant identity proof and a bank account.
15. Cashe
Cashe is India’s leading lending application. It is preferred by millions of users due to its easy interface and timely credit assistance.
The application is completely safe and protects the data of both lenders and users. It has a wide variety of credit options and no foreclosure charges are applied.
Besides personal loans, the app also provides a pay-later option in multiple applications like BigBasket, Amazon, etc.
People can also enjoy online shopping at 0% EMI cost. It is indeed one of the best credit line applications available.
Maximum Loan: Rs. 4,00,000
- Minimum Loan: Rs. 1,000
Eligibility criteria -
- The loan will only be granted to the person who is:
21 yrs old or above
And, earns a monthly salary of INR 12,000
Documentation required -
- Identity Proof: Driving License/Aadhar Card/ Pan card/ Passport/ Voter Id.
- Residential Proof: Utility Bills/ License Agreement
- Proof of Income: any reliable income proof is necessary. Eg- The latest 3 months' Bank statements.
- Passport Size Photograph: Passport size photographs are mandatory depending on the need.
- All Essential Academic documents.
- Quick loan approvals
- No collateral is needed.
- The loan can be repaid through multiple ways and methods.
16. Fibe
Fibe is one of the most simple and straightforwardloan apps for students. It is also the fastest money-lending application.
It can transfer the money to the account of the borrower within 10 minutes. The application is best to rely on when short on funds or requires immediate money assistance.
It is one of the most loved apps by users and the platform has dispersed INR 8 crores + loans until now.
Maximum Loan: INR 5,00,000
- Minimum Loan: INR 8,000
Eligibility criteria -
- Individuals must earn INR 15,000 per month.
- The borrower must be 21 yrs old or plus.
Documentation required -
- Identity Proof: Driving License/Aadhar Card/ Pan card/ Passport/ Voter Id.
- Residential Proof: Utility Bills/ License Agreement
- Proof of Income: any reliable income proof is necessary. Eg- The latest 3 months' Bank statements.
- Passport Size Photograph: Passport size photographs are mandatory depending on the need.
- All Essential Academic documents.
- Fibe understands the urgent need for money to get a quality education and has a special 10-minute money transfer. This makes the platform unique and student-friendly.
- Low rates and extended repayment tenures allow the student to grab the best credit deals.
- The platform has a wide range of tie-ups with some reputed educational institutes and helps the student seek other benefit schemes like scholarships, financial leverage, etc.
17. Home Credit
Home Credit is known to provide loans with just 2 documents. All other credit lending applications require a minimum of 4 documents unlike this.
It is a great way to seek personal financial assistance when short on funds.
The platform is celebrating 10 years of great service in the finance industry and is famous for its financial service to over 300 plus cities.
Maximum Loan: INR 5,00,000
- Minimum Loan: INR 10,000
Eligibility criteria -
- Individuals must be 19 years old or above.
- The borrower must be a salaried employee or a pensioner
- Must be an Indian.
Documentation required -
- Valid Identity proof.
- A functional bank account.
These are the two documents required to get instant personal credit.
- Disbursal of funds takes place within 24 hrs of verification.
- The platform provides a completely digital and hassle-free service.
- All the loans are secure and have a flexible repayment tenure option.
18. Lazy Pay
It is a government-certified student loan app that bridges the gap between reliable money lenders and needy users.
It lists the multiple money lenders and allows the users to borrow as per their needs and requirements.
The platform complies with all the guidelines of the RBI and abides by fair money lending practices. The application is also known for its amazing pay later schemes, merchant offers, and much more.
Maximum Loan: INR 1,00,000
- Minimum Loan: INR 3,000
Eligibility criteria -
- Students must belong to the age bracket of 22 to 55 years.
- The candidate must be an Indian citizen.
- A salaried or self Employed can only be granted a higher education loan.
Documentation required -
- Identity Proof: Driving License/Aadhar Card/ Pan card/ Passport/ Voter Id.
- Residential Proof: Utility Bills/ License Agreement
- Proof of Income: any reliable income proof is necessary. Eg- The latest 3 months' Bank statements and a good credit score.
- Passport Size Photograph: Passport size photographs are mandatory depending on the need.
- All Essential Academic documents.
- No collateral is needed and no bank visits, making the loan-taking process easier and simpler.
- The platform provides a completely digital and hassle-free service.
- Other than the loans, this easy money also provides multiple cashback, coupons, and refer and earn options.
19. Flex Salary
Flexsalary understands the urge to study and grow constantly. The platform has come up with some easy, hassle-free, and convenient student special loans.
There are no fixed EMIs. Everything comes with a cost in today’s time but the one that benefits the user and stresses the borrower less must be chosen.
Flexsalary is a one-click solution for all types of credit requirements.
Maximum Loan: INR 2,00,000
- Minimum Loan: INR 4,000
Eligibility criteria -
- The candidate must be an Indian citizen.
- The student must be 21 yrs old or above.
- The individual must earn up to INR 8,000 per month.
Documentation required -
- Identity Proof: Driving License/Aadhar Card/ Pan card/ Passport/ Voter Id.
- Residential Proof: Utility Bills/ License Agreement
- Proof of Income: any reliable income proof is necessary. Eg- The latest 3 months' Bank statements and a good credit score.
- Passport Size Photograph: Passport size photographs are mandatory depending on the need.
- All Essential Academic documents.
- Flex money allows the borrowers to exercise their power and control their funds. It helps the users get the best in the market.
- A salary advance loan is a great option for young talent to meet their fund shortage.
- The multi-purpose credit facility makes the application stand out.
20. Loan Tap
Loan Tap is a highly secure and safe application to rely on when running short on Funds.
The application has a variety of credits ranging from marriage loans to business credits.
Instant offers, Easy disbursal of funds, and a transparent process are what sets the app apart from other credit providers.
Maximum Loan: INR 10,00,000
- Minimum Loan: INR 50,000
Eligibility criteria -
- The individuals applying for loans must be Indian Citizens.
- The borrowers must have attained the minimum age of 21yrs.
- The individual must earn INR 30,000 monthly income.
Documentation required -
- Identity Proof: Driving License/Aadhar Card/ Pan card/ Passport/ Voter Id.
- Residential Proof: Utility Bills/ License Agreement
- Proof of Income: any reliable income proof is necessary. Eg- The latest 3 months' Bank statements and a good credit score.
- Passport Size Photograph: Passport size photographs are mandatory depending on the need.
- All Essential Academic documents.
- Flexible repayment options make it suitable for middle-class people.
- Secure data systems are another brownie point of the application.
- A variety of loans for different purposes help people choose the best credit option.
21. RupeeRedee
RupeeRedee is a one-click solution to get instant credit assistance. Though the platform provides help up to INR 25,000 only.
The time taken to process the loans and verify documents is just 5 minutes. This instant fund transfer is what has made the application unique.
Customers who have already used the application recommend using it due to its easy interface, secure transfers, and timely assistance.
- Minimum Loan: INR 2,000
Eligibility criteria -
- The individual must be a resident of India.
- The borrower must be earning a minimum of INR 15,000 per month.
- The borrower must be 18yrs or above.
Documentation required -
- Identity Proof: Driving License/Aadhar Card/ Pan card/ Passport/ Voter Id.
- Residential Proof: Utility Bills/ License Agreement
- Proof of Income: any reliable income proof is necessary. Eg- The latest 3 months' Bank statements and a good credit score.
- Passport Size Photograph: Passport size photographs are mandatory depending on the need.
- All Essential Academic documents.
- The platform has a new and advanced interface that is simple to use and makes it attractive. People from all age groups can operate the app.
- The application has unique and fast repeat loan journey options. This makes it easy for the previous borrowers to borrow again with just one click.
22. Zest
Zest is another faster credit provider in India. It allows the users to get the money transferred to their accounts within 5 mins and use it for any purpose they wish.
Zest has multiple loan options available and is partnered with some great industry giants like Upgrade, Cuemath, etc.
The platform understands the concept of constantly evolving and hence facilitates the students providing loans at minimal rates.
Maximum Loan: INR 1,00,000
- Minimum Loan: INR 1000
Eligibility criteria -
- The individual must be 18yrs or more.
- The student must be a resident of India.
Documentation required -
- Identity Proof: Driving License/Aadhar Card/ Pan card/ Passport/ Voter Id.
- Residential Proof: Utility Bills/ License Agreement
- Proof of Income: any reliable income proof is necessary. Eg- The latest 3 months' Bank statements and a good credit score.
- Passport Size Photograph: Passport size photographs are mandatory depending on the need.
- All Essential Academic documents.
- The application has an easy interface and is completely transparent with no hidden fees.
- It grants the users instant loan approvals, saving time and effort.
- Provide some exclusive offers on specific merchants.
23. Upwards
One of the most loved and the highest rated credit assistance applications is Upwards. It is currently being used in more than 200 cities and users highly recommend it and call it the safest credit line platform.
The instant fund transfer and easy verification is the standout factor of the app. Everything on the application can be done using a smartphone and the borrower can get the funds within minutes of approval.
It has some great co-lending partners and the platform has some serious security policies.
Maximum Loan: INR 5,00,000
- Minimum Loan: INR 15,000
Eligibility criteria -
- The borrower must fall in the age bracket of 21- 55 years.
- The individual must be a salaried employee or must be earning a regular income through self-employment.
Documentation required -
- Identity Proof: Driving License/Aadhar Card/ Pan card/ Passport/ Voter Id.
- Residential Proof: Utility Bills/ License Agreement
- Proof of Income: any reliable income proof is necessary. Eg- The latest 3 months' Bank statements and a good credit score.
- Passport Size Photograph: Passport size photographs are mandatory depending on the need.
- All Essential Academic documents.
- Upward has a wide range of credit options and flexible repayment tenure.
- Multiple loans for self-improvement are specially designed for the students providing them some great leverages like repayment after getting jobs.
- Upward is known for its security and privacy policies. It takes into consideration the security of data and funds.
Why use a loan app for students?
As a college student, there are several expenses like college fees, books, transportation, and many others. Sometimes it is not possible to ask for money from the parents because they may not have the amount and feel burdened.
Sometimes we need to pay for extra courses or coaching classes, field trips, and other expenses. In cases like these, a loan app for students can work wonders.
Through loan apps, can get small loan for students with hassle-free processes, and they are typically easy to use. You can use the money to cover expenses such as textbooks or other things, without waiting for your parents to have the money to spend.
These loan apps are easy to use for students. The companies that issue student loans understand the unique needs of students, which explains their reasonable interest rates and easy repayment terms.
Conclusion
Before concluding, be aware that there is a risk involved. As a college student, you can be a bit careless with money. Of course, there would be several temptations to spend on expensive things like smartphones, accessories, or even fashionwear.
Remember to use best loan app for students carefully and repay them on time to avoid debt. Your credit score can decline even before you start making repayments if you don't pay your debts on time.
Frequently Asked Questions
Q1. Which app is best for a loan for students?
Some of the best loan apps for students are Bajaj Finserv, Pocketly, mPocket, and many others that you can find above. These apps are best as they are reliable, safe, and provide a loan with minimal paperwork.
Q2. How can I get a loan if I am a student?
You can get a student loan if you are above 18 years. You should be a student in an accredited institute and submit some documents. Through the above-mentioned applications, you can get a loan in a hassle-free process
Q3. What are the eligibility criteria to get a loan?
The applicant should be either a salaried person or a self-employed with regular income earnings. A student should be above 18 years old and a full-time student in an institute. The maximum age limit is 70 years at the time of maturity of the loan.
Q4.Which are the best loan app for students ?
Here is the list for best Instant Loan App For Students :
- Kreditbee
- Navi
- Dhani
- MoneyTap
- Cashe
- Fibe
- Home Credit
- Flex Salary
- Loan Tap
- Zest
Here are the best Student loan app :
