Top Loan Apps for Students
mPokket
Offers instant loans of Rs. 500 to Rs. 30,000 with a flexible repayment tenure of 61 to 120 days. Interest rate ranges between 1% to 6% per month, and the processing fee ranges from Rs. 34 to Rs. 203 plus 18% GST.
Pocketly
Offers instant loan amounts ranging from Rs. 500 to Rs. 10,000 with a flexible repayment tenure of 61 to 90 days. Interest rates start from 1% to 3% per month, and processing fees of Rs. 20 to Rs. 120 + GST is applicable.
KrazyBee
Helps college students in some cities of India to purchase anything online through a flexible monthly payment plan. Maximum limit of purchase is Rs. 2,000 in a month with 4 EMI plans, i.e. 3 months, 6 months, 9 months and 12 months.
KreditBee
Provides personal loans to salaried/students starting from Rs. 1,000 to Rs. 3 Lakhs, as per their approved credit. Tenure ranges from 62 days to 15 months, and interest rates range from 0% to 29.95% per annum. A processing fee of 0% to 7% is charged.
Sahukar
Offers instant loan for students ranging from Rs. 100 to Rs. 5,000 with tenure ranging from 1 month, 2 months and 3 months.
SlicePay
Offers a no-fee VISA card designed to help working professionals, freelancers, and even unpaid interns make purchases and pay later whenever they want. Credit limit ranges from Rs. 2,000 to Rs. 10 Lakhs with up to 2% cashback on every slice card transaction.
CashBean
Offers small loans for students in India with loan amounts ranging from Rs. 1,500 to Rs. 60,000 and tenure from 3 to 6 months. Interest rate starts from 0.07% per day, and one time processing fee ranges from Rs. 90 to Rs. 2,000 + 18% GST.
Also read: Best Credit Cards In India 2023