Best student Loan Apps in India

Good day and welcome to my blog, I will be showing you guys how the best apps to take off loans as a student in India, when we were kids, we never imagined there could be a point in our lives where we will be the ones taking care of most of our personal needs. Growing up as a teenager has never been easy, because independence comes with a lot of challenges and also an endless costs. Paying your personal bills and for your college yourself can be a nightmare.

Most at times banks only lend money to paid professionals and business owners, students are always at loss in solving their money issues, thank Hod you’re here, because we have summarized various fantastic mobile applications and platforms that makes loan application very easy and accessible for students. They also provide little or no interest.below are the list of apps that makes loan application easy and accessible.

1. Mpokket 

This is one of the easiest loan options for college students, it’s swift accessibility has gained it an increasing widely usage by students, enabling them borrow amounts ranging from 500 INR to 20,000 INR. What you need to do is to download the application from the play store, upload your student ID and Aadhaar Card, funds from mopokket may be deposited immediately into your bank account or paytm wallet and must be repayed within a stipulated period of three months, at the rate of 3.5 percent. For you to be eligible for this loan, you must be 18 years older and enrolled in a recognized institution and must have a bank account to qualify applying for the loan.

2. Pocketly 

This application is know for delivering instant loans to Indian students, any time and any place, it can be used to fund necessities like tuition, recreational and personal costs. You can download this application on the google play. You can as well apply for loans that may be returned in easy installments with no minimum value required. Repayment period is about 3 months.

3. RedCarpet 

Indian students can use this app to get immediate loans for their various online and offline payments. It’s users enjoy a free interest fee on after a month of repayment raging from 1,000 to 6,000 INR. The platform uses tracker to protect its users safety, it also provides a platinum MasterCard that can be used for various purposes, including online transactions and pos payments.

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4. KrazyBee 

This is another popular platform, quick in operation and known for its quick cash for college students. You may apply for cheap credit loans with just your student identity Card and a document for prove of address, this loan can be repaid in 12 months using simple EMIs. To be eligible, you must be 18 years older and but be in a recognized and reputable institution.

5. Sahukar

Students in India can borrow from INR 500 an INR 5,000. Loans are repaid in 90 days at a monthly interest of 3%, download the application on play store, register and apply for your desired  the loan amount depending on your credit score. The money is sent to your bank account upon approval. If you have any other important I formation or experience to add, you can kindly use the comment section below. Thanks