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7 Best students loan Apps

 

Top 7 Best Apps for students loan 



While adulting seems like an exciting dream in our early teens, the fact that freedom comes at the price of responsibilities, struggles and never-ending bills is the unspoken truth of every “grown-up” out there. For most of us, funding college education alone can be a nightmare. Now add clothes, food, night-out with friends, traveling and other expenses to the lot and boom!! Here are our worst-fears realized...isn’t it?


Since most banks and financial institutions provide loans to only salaried professionals, students usually are at a loss when it comes to money problems of their own. Well, worry not..because we bring to your rescue some great mobile apps and online platforms that not only provide us students with easily accessible and instant loans, but also offer flexible return policies at almost no interest rates.


So to all our budding heroes and entrepreneurs slowly treading the crooked road to independence, we present to you the life-savior apps you got to have in your phones at all times. With no further adieu, let’s begin!


1- mPokket   

mPokket is one of the easiest and most coveted instant loan platforms for college students who can request any amount of loan starting as low as 500 INR to as high as 30,000 INR. All you need to do is follow the simple steps beginning with downloading the app, submitting scanned copies of your documents and voila! You are all set to go.


The money from mPokket can be directly received in your bank account or Paytm wallet and needs to be returned within a period of one to three months at an interest rate of 1-6% (varies). A win-win situation indeed!


Note: Only full-time students of age 18 or more studying under a recognized university and in possession of a bank account are eligible for loan application. Correspondence students cannot avail this offer.


2- Pocketly      

Offering easy cash, “anytime, anywhere!” is the next addition to our list called “Pocketly”. The app is a champion when it comes to instant loans for Indian students who can rely on the platform for their basic expenses like tuition, recreational activities and personal expenditures.


Pocketly app is available on the google play store whereby a mere click, you can avail quick loans of Rs. 500 to Rs. 6000 that can be repaid in easy installments. The credit repayment tenure is nearly 1 to 3 months and is offered at an interest rate of merely 1 to 3% per month.


3- RedCarpet

With RedCarpet, students can receive instant loans for various online and offline transactions. The platform provides interest free, easy 1-month return policy on loans ranging between 1,000 to 6,000 INR. Users applying for EMI alternatives also have the option of repaying the amount on a three, six, nine and 12-month basis.

The app is made with an in-built tracker to ensure the safety and security of its users at all times. It also offers a Platinum Mastercard that can be used for a range of functions like online transactions, ATM cash withdrawal and POS transactions.

RedCarpet

4. KrazyBee

KrazyBee is another sought-after addition to our list that is a great alternative for quick finances for college students. With just your college ID card and address proof, you can avail easy credit loans for your semester fees, college expenses, online purchases and even a two-wheeler.

The maximum limit of purchase is Rs. 2,000 in a month. The repayment of the loan to KrazyBee can be made within 12 months in easy EMIs.

Note: Students of age 18 or more enrolled in an approved list of universities under a degree or diploma program are eligible for the loans.

KrazyBee

5. Sahukar

Sahukar is a quick and easy online instant loan platform where students can avail credit for Rs. 100 to Rs. 5,000. Money borrowed can be easily returned within 90 days at an interest rate of 3% per month. All you need to do is download the Sahukar app, register and avail the amount as per your credit score.

The amount is instantly deposited in your bank account or Paytm wallet. The app provides e-approvals on loans that require no physical documentation or verification plus some exciting referral bonus as cash or coupons.

Sahukar

6- Slicepay

SlicePay offers free EMIs to students who want to borrow money. To make this feasible, SlicePay has partnered with MasterCard. Download the app and enter your name, college, ID number, PAN number, and Aadhar number.

SlicePay allows undergraduate and graduate students to borrow up to Rs.10,000.They can take out a 30-day to 90-day loan. A three percent monthly interest rate is charged.

Slicepay

7- BadaBro

BadaBro is one of the best loan apps for students. For college students over the age of 18, the BadaBro college loan programme provides fast loans of up to Rs.10,000.

You'll need an Aadhar card and a PAN card to apply for BadaBro loans. It is recommended that you apply for the loan at least three months before you plan to graduate. The loan must be repaid within 30 to 90 days.

BadaBro

So, here we conclude our list of top 7 instant loan apps for all the fellow students out there. This new decade list is the perfect solution to all our money problems where we won’t have to wait for our next pocket-money or borrow funds from friends anymore. Ain’t that great?! Happy Adulting everyone.



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