Students Loan App: Growing up is exciting and fun during school and college days but it is not cost-effective in any sense. You need money for day-to-day expenses even at this age. You have the desire to have good-looking attire, and fancy gadgets but with limited pocket money or most of the money going to your college fund, other desires sadly become irrelevant.
To counter that, there are some of the best instant loan apps for students in India that offers interest-free loan for a particular time period.
Most banks and financial institutions generally provide loans to working professionals leaving students with no option.
But here I am sharing some of the hidden yet working student loan apps where you get a certain credit limit and have to pay back without interest after a certain period.
With the Students Loan app, you will get-
- Instant loans
- Almost interest-free loan
- Flexible repayment structure
- Decent credit limit.
Then you can try out any of the mobile apps and platforms shared below and explore your luck of getting a loan being a student.
Which is the Best Student Loan App?
The best student loan app in India is mPokket and LazyPay. Students who don’t have income or CIBIL scores can get a good credit limit on LazyPay. A credit limit of up to Rs. 10000 is provided with a tenure of 15-30 days.
List of Best Student Loan Apps in India
| S. No. | Student Loan App List | Interest Rate |
| 1 | mPokket | 2% to 6% p.m. |
| 2 | KrazyBee | 1.5% to 2.5% p.m. |
| 3 | Sahukar | 3% p.m. |
| 4 | Pocketly | 1% to 3% p.m. |
| 5 | RedCarpet | 0% to 2.49% p.m. |
| 6 | KreditBee | 0% to 2.49% p.m. |
| 7 | SlicePay | 0% p.m. |
| 8 | BadaBro | 6% p.m. |
| 9 | StashFin | 0.83% – 2.99% p.m. |
| 10 | CASHe | 0% – 0.75% p.m. |
| 11 | Smartcoin | 0% – 2.5% p.m. |
| 12 | Udhaar Card | 0% – 3% p.m. |
| 13 | StuCred | 0% p.m. |
| 14 | ePayLater | 0% p.m. |
| 15 | LazyPay | 0% p.m. |
1. mPokket
mPokket is an instant loan app that provides flexible loan amounts from Rs. 500 to Rs. 30000 to students & salaried professionals with a paperless process and no collaterals. It has more than 1 crore downloads on the Google Play Store with 4.4 star rating.
| Interest Rate | 2% to 6% p.m. |
| Credit Limit | Rs. 500 to Rs. 30000 |
| Tenure | 61 to 120 days |
| Age Limit | 18 |
| Customer Care | support@mpokket.com |
| App Rating | 4.4 / 5 |
2. KrazyBee
| Interest Rate | 1.5% to 2.5% p.m. |
| Credit Limit | Rs. 1500 to Rs. 2 lakh |
| Tenure | Up to 12 months |
| Age Limit | 21 – 55 |
| Customer Care | care@krazybee.com |
| App Rating | 4.6 / 5 |
3. Sahukar
| Interest Rate | 3% p.m. |
| Credit Limit | Rs. 500 to Rs. 5000 |
| Tenure | 61 – 91 days |
| Age Limit | 18 |
| Customer Care | support@thesahukar.com |
| App Rating | 3 / 5 |
4. Pocketly
| Interest Rate | 1% to 3% p.m. |
| Credit Limit | Rs. 600 to Rs. 10000 |
| Tenure | 30 days |
| Age Limit | 18 |
| Customer Care | support@pocketly.in |
| App Rating | 4 / 5 |
5. RedCarpet
| Interest Rate | 0% to 2.49% p.m. |
| Credit Limit | Rs. 500 to Rs. 60000 |
| Tenure | 3 to 36 months |
| Age Limit | 18 |
| Customer Care | help@redcarpetup.com |
| App Rating | 4.7 / 5 |
6. KreditBee
| Interest Rate | 0% to 2.49% p.m. |
| Credit Limit | Rs. 1000 to Rs. 2 lakh |
| Tenure | 62 days to 15 months |
| Age Limit | 21 |
| Customer Care | help@kreditbee.in |
| App Rating | 4.4 / 5 |
7. SlicePay
| Interest Rate | 0% p.m. |
| Credit Limit | Rs. 2000 to Rs. 10 lakh |
| Tenure | 3 months |
| Age Limit | 18 |
| Customer Care | help@sliceit.com |
| App Rating | 4.4 / 5 |
8. BadaBro
| Interest Rate | 6% p.m. |
| Credit Limit | Up to Rs. 10000 |
| Tenure | 61 – 90 days |
| Age Limit | 18 |
| Customer Care | helpcenter@badabro.com |
| App Rating | 4.2 / 5 |
9. StashFin
| Interest Rate | 0.83% – 2.99% p.m. |
| Credit Limit | Rs. 1000 to Rs. 5 lakh |
| Tenure | 3 – 36 months |
| Age Limit | 18 |
| Customer Care | app@stashfin.com |
| App Rating | 3.8 / 5 |
10. CASHe
| Interest Rate | 0% – 0.75% p.m. |
| Credit Limit | Rs. 1000 to Rs. 60000 |
| Tenure | 90 – 180 days |
| Age Limit | 18 |
| Customer Care | support@cashe.co.in |
| App Rating | 4.4 / 5 |
11. Smartcoin
| Interest Rate | 0% – 2.5% p.m. |
| Credit Limit | Rs. 4000 to Rs. 1 lakh |
| Tenure | 62 days to 1 year |
| Age Limit | 18 |
| Customer Care | contact@smartcoin.co.in |
| App Rating | 4.4 / 5 |
12. Udhaar Card
| Interest Rate | 0% – 3% p.m. |
| Credit Limit | Rs. 1500 |
| Tenure | 62 days to 1 year |
| Age Limit | 18 |
| Customer Care | info@udhaar.co |
| App Rating | 4 / 5 |
13. StuCred
| Interest Rate | 0% p.m. |
| Credit Limit | Rs. 1000 |
| Tenure | 90 days |
| Age Limit | 18 |
| Customer Care | care@stucred.com |
| App Rating | 4.4 / 5 |
14. ePayLater
| Interest Rate | 0% p.m. |
| Credit Limit | Rs. 25000 – Rs. 25 lakh |
| Tenure | 14 days |
| Age Limit | 18 |
| Customer Care | support@epaylater.in |
| App Rating | 4 / 5 |
15. LazyPay
| Interest Rate | 1.25% – 2.66% p.m. |
| Credit Limit | Rs. 10000 – Rs. 1 lakh |
| Tenure | 3 – 24 months |
| Age Limit | 18 |
| Customer Care | wecare@lazypay.in |
| App Rating | 4.4 / 5 |
Disclaimer: This is an educational post that provides a list of apps that offer loans to students. Taking a loan comes with financial responsibility. Make sure to consult an adult or financial advisor before taking a loan from any of these student loan apps.
also check: How To Foreclose ICICI Bank Credit Card EMI Online, Top 3 EMI Cards Which You Can Apply Without Any Credit Score
