Best Loan App For Students In India 2023

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Hello friends, If you are searching for best loan app for students, then you are at right place, in this blog on best loan app for students, we will tell you in detail about top 10 best loan app for students, in this list of top 10 best loan app for students, you will get the all the required information for any site at one platform, in the simplest manner. So if you have finally decided to get loan, then here are the list of best loan app for students.

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List Of Best Loan App For Students In India

Sr. No.	Apps Names
1	KrazyBee
2	mPokket
3	MoneyTap
4	Buddy Loan
5	EarlySalary
6	IndiaLends
7	Credy
8	CASHe
9	PaySense
10	NIRA

Top 10 best loan app for students

KrazyBee

KrazyBee Features:-

Offers loans to students for various purposes such as education, travel, and gadgets, that’s why it’s the best loan app for students.
Provides personal loans ranging from Rs. 1,000 to Rs. 2 lakhs with a repayment period of up to 6 months
Has a simple and hassle-free application process with minimal documentation
Offers competitive interest rates starting from 1.5% per month
Has a high approval rate and fast disbursal of funds
Allows students to pay back the loan amount in flexible instalments
Has a user-friendly mobile app that enables customers to apply for loans, manage their accounts, and track their repayment schedule
Offers loyalty points to customers who repay their loans on time, which can be redeemed for cashback and discounts on various products.

mPokket

mPokket Features:-

Offers instant personal loans ranging from Rs. 500 to Rs. 20,000 to students, this is the best loan app for the student.
Has a flexible repayment period of up to 3 months
Has a simple and easy application process with minimal documentation
Offers competitive interest rates starting from 1% per day
Has a high approval rate and fast disbursal of funds
Allows students to pay back the loan amount in flexible instalments
Has a user-friendly mobile app that enables customers to apply for loans, manage their accounts, and track their repayment schedule
Offers a referral program that rewards customers for inviting their friends to use the app.

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MoneyTap

MoneyTap Features:-

Offers instant personal loans ranging from Rs. 3,000 to Rs. 5 lakhs to salaried individuals, including students
Has a flexible repayment period of up to 36 months
Has a simple and hassle-free application process with minimal documentation
Offers competitive interest rates starting from 13% per annum
Has a high approval rate and fast disbursal of funds
Allows customers to access their credit limit anytime through its mobile app
Offers a credit line that can be used as per the customer’s requirement
Has a user-friendly mobile app that enables customers to apply for loans, manage their accounts, and track their repayment schedule.

Buddy Loan

Buddy Loan Features:-

Offers personal loans ranging from Rs. 10,000 to Rs. 15 lakhs to salaried individuals, including students
Has a flexible repayment period of up to 5 years
Has a simple and hassle-free application process with minimal documentation
Offers competitive interest rates starting from 11.99% per annum
Provides instant loan approval and fast disbursal of funds
Allows students to apply for a loan jointly with a co-applicant to increase their loan eligibility
Offers customized loan plans based on the borrower’s credit profile and repayment history
Has a user-friendly mobile app that enables customers to apply for loans, manage their accounts, and track their repayment schedule.

EarlySalary

EarlySalary Features:-

Offers instant personal loans ranging from Rs. 5,000 to Rs. 5 lakhs to salaried individuals, including students
Has a flexible repayment period of up to 12 months
Has a simple and easy application process with minimal documentation
Offers competitive interest rates starting from 2.5% per month
Provides instant loan approval and fast disbursal of funds
Allows students to pay back the loan amount in flexible instalments, which makes this the best loan app for students.
Offers a line of credit facility that enables customers to withdraw funds as per their requirement
Has a user-friendly mobile app that enables customers to apply for loans, manage their accounts, and track their repayment schedule.

IndiaLends

IndiaLends Features:-

Offers personal loans ranging from Rs. 1,000 to Rs. 50 lakhs to salaried individuals, including students
Has a flexible repayment period of up to 5 years
Has a simple and hassle-free application process with minimal documentation
Offers competitive interest rates starting from 10.75% per annum
Provides instant loan approval and fast disbursal of funds
Allows students to compare loan offers from multiple banks and financial institutions
Offers customized loan plans based on the borrower’s credit score and repayment history
Has a user-friendly mobile app that enables customers to apply for loans, manage their accounts, and track their repayment schedule.

Credy

Credy Features:-

Offers personal loans ranging from Rs. 10,000 to Rs. 1 lakh to salaried individuals, including students
Has a flexible repayment period of up to 12 months
Has a simple and easy application process with minimal documentation
Offers competitive interest rates starting from 1.67% per month, lowest interest rate on this makes this, best loan app for students.
Provides instant loan approval and fast disbursal of funds
Allows students to pay back the loan amount in flexible instalments
Offers a line of credit facility that enables customers to withdraw funds as per their requirement
Has a user-friendly mobile app that enables customers to apply for loans, manage their accounts, and track their repayment schedule.

CASHe

CASHe Features:-

Offers personal loans for salaried professionals, including students who are at least 18 years old and have a monthly salary of Rs. 15,000 or more.
Students can apply for a loan of up to Rs. 2 lakh for a period of 15 to 180 days.
The app offers instant approval and disbursal of the loan amount within minutes.
Interest rates range from 1.5% to 2.5% per month, depending on the loan amount and tenure.
The app charges a processing fee of 2% of the loan amount and a flat late payment fee of Rs. 250 per day.
The app uses a proprietary Social Loan Quotient (SLQ) system to evaluate the creditworthiness of applicants based on their social media activity, which is a unique feature.

PaySense

PaySense Features:-

Offers personal loans to salaried professionals and self-employed individuals, including students who are at least 21 years old and have a minimum income of Rs. 12,000 per month., this is best loan app for students with low salary \.
Students can apply for a loan of up to Rs. 5 lakh for a period of 3 months to 5 years.
The app offers instant approval and disbursal of the loan amount within a few hours.
Interest rates range from 16% to 36% per annum, depending on the loan amount and tenure.
The app charges a processing fee of up to 4% of the loan amount and a late payment fee of 24% per annum on the outstanding balance.
The app offers a flexible repayment option, allowing borrowers to pay back the loan in EMIs as per their convenience.

NIRA

NIRA Features:-

Offers personal loans to salaried professionals, including students who are at least 21 years old and have a monthly income of Rs. 20,000 or more., even on the low income you can get the loan, that’s make this app the best loan app for students.
Students can apply for a loan of up to Rs. 1 lakh for a period of 3 to 12 months.
The app offers instant approval and disbursal of the loan amount within 3 minutes.
Interest rates range from 1.5% to 2.25% per month, depending on the loan amount and tenure.
The app charges a processing fee of 2.5% of the loan amount and a late payment fee of 2% per day on the outstanding balance.
The app uses AI-based underwriting to evaluate the creditworthiness of applicants and offer personalized loan terms.
The app also offers a “credit line” feature, allowing borrowers to draw down additional funds as and when required, without having to apply for a new loan every time.

FAQ – Best Loan App For Students

Which are the top 5 app to student loan?

In India KrazyBee, mPokket, MoneyTap ,Buddy Loan and EarlySalary are the best loan app for students.

Which loan is best for students?

a subsidized loan is the best bloom for students because the federal government pays the interest charges for you if while you are in the college.

Which are the best apps for students to borrow money?

There are many apps availablein india in which students can borrow money like Payslice, pocketly, etc.

Conclusion

Friends, we hope that with the end of this blog on best loan app for students, you have decided that which the best loan app for students. And you have selected your best loan app for the student. In this blog on best loan app for students, we have covered top 10 best loan app for students, and we have provided all the relevant information on best loan app for students.