Top 10 Loan App for Students in India

Top 10 Loan App for Students in India

Loan App for Students – In India, students often face financial challenges while pursuing their education. Many popular loan applications are available, but accessing loans as a student can be a daunting task. Young individuals in India heavily depend on their families until they start working full-time to support themselves. However, there are various additional expenses, such as buying books and participating in events, which students may struggle to cover with limited funds.

To alleviate these financial burdens, students can turn to student loans, and a convenient method to apply for these loans is through specialized loan apps. While concerns about using loan apps are valid, some trustworthy options cater specifically to students. In this article, we will explore the top 10 loan apps designed to assist students in India.

1. mPokket

If you are a student in India seeking a loan, mPokket is an excellent choice. The app offers loan amounts ranging from 500 to 20,000 rupees. It caters to college students and recent graduates nationwide. To apply for a loan through mPokket, all you need is a valid college ID and proof of residency. Young professionals may require additional documentation such as bank statements and identity/address proof.

2. KreditBee

KreditBee is a helpful tool for quick student financing. It offers loans of up to Rs. 300,000 with annual interest rates that can go up to 29.5%. Eligible applicants must be between the ages of 21 and 56. KreditBee provides a user-friendly digital application form, making the loan application process straightforward and efficient.

3. KrazyBee

Among the most popular student loan websites in India, KrazyBee facilitates online purchases with a flexible monthly payment schedule for college students in select regions. To qualify, individuals must be at least 18 years old and enrolled at KrazyBee-recommended colleges. Interest rates can vary, with students expected to pay between Rs. 1,000 and Rs. 10,000 in interest.

4. Sahukar

Sahukar is an app that allows students to borrow up to $5,000 at reasonable rates, with a monthly interest rate of 3%. Eligibility criteria include being at least 18 years old and holding a valid student ID from a college or educational institution. Sahukar ensures quick loan disbursal, typically within a day, and offers a repayment window of up to three months beyond the due date.

5. Slice Pay

SlicePay enables students to obtain loans with no-cost EMIs, utilizing MasterCard for this purpose. The application process is straightforward, requiring basic information like name, college details, Aadhar, and PAN details. Undergraduate and graduate students can borrow up to Rs. 10,000 with a monthly interest rate of 3%. SlicePay offers loan durations ranging from 30 to 90 days.

6. Cash Bean

Cash Bean is one of the finest loan apps for students, offering loans of up to Rs. 60,000 with a processing fee of 18% and an annual interest rate of up to 33%. Founded by P&C Financial Services Pvt. Ltd., a RBI-approved firm, Cash Bean is a trustworthy source. The application process is hassle-free, with no requirement for a credit history, and it is entirely digital and paperless.

7. Red Carpet

While many individuals recommend seeking financial assistance from parents or peers, RedCarpet Loan offers an alternative for students. This app allows you to apply for a personal loan using an ATM or debit card, ensuring that self-supporting students are not limited by a lack of funds.

8. BadaBro

BadaBro is a popular choice for Indian students in need of rapid loans. Developed to cater to both working adults and college students, this app is trusted by over 100,000 users. Loans are processed quickly and deposited directly into your bank account. To sign up, you will need your Aadhaar, PAN, employment ID (if applicable), and other necessary information.

9. Pocketly

Pocketly is renowned for providing fast student loans, with monthly interest rates ranging from 1% to 3% (equivalent to 12-36% annually), depending on the loan duration and size. Students can borrow up to ₹50,000 through Pocketly. The app is available for Android users on Google Play, and it also offers top-up loans to help meet monthly commitments promptly.

10. StuCred

StuCred understands the financial challenges that college students face and aims to provide fast, sustainable loans to make financial freedom a reality. Applying for a loan is a straightforward process; simply visit the lender’s website and provide your name, mobile number, and PAN number. Loan approval is typically quick, and funds are disbursed immediately.


These are the top 10 Loan App for Students available in India. While these lending apps have made loans more accessible to students, it’s crucial to read the user agreement carefully before signing up to ensure a thorough understanding of the loan terms and conditions. Thanks to the rapid growth and success of loan apps, both common citizens and students now have easier access to formal credit, a significant achievement worth celebrating!


1. Are these Loan App for Students safe in India? These loan apps are generally safe, but it’s essential to carefully review the terms and conditions and choose reputable apps to ensure a secure borrowing experience.

2. What documents do I need to apply for a student loan through these apps? The required documents may vary, but common requirements include a valid college ID, proof of residency, Aadhar and PAN details, and additional documentation for young professionals.

3. Can I repay the loan in installments? Yes, many of these apps offer flexible repayment options, including installment plans.

4. Are there any hidden fees associated with these loans? It’s crucial to read the loan agreement to understand any applicable fees or charges. Reputable apps typically provide transparent fee structures.

5. How quickly can I get a loan through these apps? The loan processing times vary, but many of these apps offer quick approval and disbursal, often within a day.

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