10 Best Loan App for Students 

When it comes to financing their educational costs. So there are many issues. This may include tuition expenses for the purse. The best loan app for students makes it easy to borrow money for college expenses. If students are studying in any other city or country. So they may have to pay fees for higher education, transportation, food, accommodation, coaching, and other expenses. To meet such needs, students take personal loans.

In this blog, we’ll look at the finest loan apps for students in India to assist them reach their academic goals.

Best Loan App for Students Features & Benefits 

  • To apply for rapid student loans using personal loan applications, students must be at least 18 years old and have a valid college ID card.
  • Section 80E of the Income Tax Act applies to anyone who takes out a student loan for themselves, their children, their spouse, or minor children under guardianship. He is eligible to receive a tax deduction. However, this discount is only available for the first eight years.
  • Education is becoming more accessible and inexpensive thanks to student loans.
  • Many educational institutions collaborate with banks and non-bank financial entities to provide education loans to their students.
  • It is possible to borrow Rs. 10 lakh for local courses and Rs. 20 lakh for overseas courses. The financial limit may vary for reputable schools.

List of the Best Loan App for Students in India.

1. Pocketly

Pocketly is one of the top student loan apps. Which provides money to students. As an introductory offer, the app offers a credit of Rs 2600, it also charges low processing fees, and the interest rates are relatively low. And those who do not have enough pocket money. Or those who need quick cash. You can access this loan app anytime and anywhere.

Key Features:

  • Instant loan amounts ranging from Rs. 500 to Rs. 10,000.
  • Flexible repayment tenure of 61 to 90 days.
  • Interest rates starting from 1% to 3% per month.
  • Applicable processing fees of Rs. 20 to Rs. 120 + GST.

Pocketly student loan details:

Education LoanRs 500 Rs 50,000
Student Age18 years 30 years
Repayment Period2 months-12 months
Interest Rate1%-3% per month

2. CashBean

CashBean, India’s top mobile-based personal loan platform, provides small loans to students aged 18 and above. It enables individuals to meet their financial obligations for a variety of reasons, including mobile phone purchases, medical bills, bill payments, and more.

Key Features:

  • Instant loan amounts ranging from Rs. 1,500 to Rs. 60,000.
  • Tenure options from 3 to 6 months.
  • Interest rates starting from 0.07% per day.
  • One-time processing fee ranging from Rs. 90 to Rs. 2,000, plus 18% GST.

CashBean student loan details:

Education LoanRs. 1,500 to Rs. 60,000
Student Age18 years 30 years
Repayment Period3 to 6 months.
Interest Rate0.07% per day.

3. KreditBee

KreditBee is the best loan app for students, offering personal loans to salaried/students ranging from Rs. 1,000 to Rs. 3 lakhs, depending on their accepted credit. Upon approval, the borrower receives a direct bank transfer within minutes. KreditBee for student loans includes various wonderful benefits, such as

Key Features

  • Loan amount from Rs. 1,000 to Rs. 3,00,000.
  • The tenure ranges from six weeks to fifteen months. 
  • Interest rates range from 0% to 29.95% per annum.
  • A processing fee of 0% to 7% is charged. 


The mPokket app is one of the top student loan apps in India for college students. It offers quick personal loans starting from Rs 500 to Rs 30,000. This loan app is ideal for students who need pocket money or a quick cash loan in an emergency.

Key Features

  • The monthly interest rate varies from 1% to 6%.
  • The processing fee ranges from Rs. 34 to Rs. 203, plus 18% GST.
  • This student fast loan app offers two-minute fast loans in India ranging from Rs. 500 to Rs. 30,000.
  • Flexible repayment tenure of 61 to 120 days.

mPokket student loan details:

Education LoanRs 500 – Rs 30,000
Student Age18 years & above
Repayment Period61 days 120 days
Interest Rate1%-4% per month

5. CASHe

Instant loan apps, such as CASHe, provide speedy loans while making the application procedure more straightforward. Any salaried worker earning at least $15,000 per month can apply for this student loan. The process is completely digital and paperless, and no credit history is required when applying for the Best Loan App for Students.

CASHe student loan details:

Education LoanRs 1,000- Rs 50,000
Student Age21 years & above
Repayment Period3 months 36 months
Interest Rate12%-30% per annum

6. PaySense

PaySense is a popular finance app for financing schools. Loans from PaySense have allowed countless students to pursue their aspirations without financial restraints. This software enables speedy loan approval and disbursement. Furthermore, school loans under *4 lakh do not require any collateral, security, or third-party guarantees.

PaySense student loan details:

Education LoanRs 5,000- Rs 5,00,000
Student Age18 years-35 years
Repayment Period5 years 12 years
Interest Rate8.5% 11% per annum

7. BadaBro

This app is one of the loan apps for college students that provides quick loans to both salaried professionals over the age of 18 and college students.

Key Features

  • disbursed to your Bank/Paytm Account under this best app for student loans.
  • Flexible repayment tenure of 61 to 90 days.
  • Interest rates range between 1% to 6% per month.
  • The processing fee ranges from Rs. 34 to Rs. 203 + 18% GST.

BadaBro student loan details:

Education LoanRs 1,000- Rs 50,000
Student Age18 years
Repayment Period6-months to 1 year
Interest Rate1% to 6% per month

8. SlicePay

SlicePay is a no-fee VISA card aimed at working professionals, freelancers, and unpaid interns. It enables consumers to make purchases and pay later, whenever they want. 

Key Features

  • SlicePay student loan app India provides a credit limit ranging from Rs. 2,000 to Rs. 10 lakhs.
  • You can split your invoices across three months for free.
  • Get up to 2% cashback on every slice card transaction.
  • You may also transfer funds from the slice card to your bank or Paytm account instantaneously.

9. KrazyBee

The KrazyBee app is one of the top student loan apps in India, allowing college students in certain cities to buy anything online with a flexible monthly payment plan. Any college student over the age of 18 who attends one of KrazyBee’s listed colleges is eligible to make a purchase.

Key Features

  • KrazyBee has offices in Mumbai, Hyderabad, Bangalore, Pune, Mysore and Vellore.
  • With this loan for students in India app, you can place orders by browsing KrazyBee’s product catalog on your browser/app and ordering the product as you would in any other eCommerce store, or by browsing your favorite eCommerce store and purchasing products from the KrazyBee website.
  • The maximum limit of purchase is Rs. 2,000 in a month.
  • There are four EMI plans: three months, six months, nine months, and twelve months.

10. Sahukar

Sahukar is an app-only lending platform offering personal loans to students. You can download the Sahukar student instant loan app from the Google Play Store or Apple App Store to avail of this facility.

Key Features

  • Instant loan for students ranging from Rs. 100 to Rs. 5,000. 
  • The tenure ranges from one month to three months.

Eligibility Criteria for Applying for Student Loans in India

  • Any full-time college student can apply for an instant loan for college students.
  • To apply for the loan, the student must be at least 18 years old.
  • You must have a valid college ID card and Aadhar Card.
  • Some lenders may require a PAN card.


Student loans serve to alleviate the financial strain on students and their families, particularly if education is prioritized. Furthermore, students can improve their credit scores by making on-time payments, which will allow them to qualify for other forms of loans in the future. However, it is critical to use them properly and ethically. Before signing up, carefully read the terms and conditions. Best Loan App for Students.

FAQ of the Best Loan App for Students 

Q. Can students get a Personal Loan?

Ans. Yes, students can get personal loans through specialized loan apps.

Q. How much can I borrow using a student loan app?

Ans. Loan amounts for students vary but are generally smaller, often up to 25 lakhs.

Q. What is the lowest interest rate of loan apps for students?

Ans. The interest rate for the best instant loan app for students may vary between 0% to 36% depending on your eligibility and the lender’s policy.

Q. How to get a 5000 student loan?

Ans. Apply for an instant personal loan from a money view if you want a 5,000 rupees loan for students in 3 easy steps.

  • Check your eligibility.
  • Select your loan amount and tenure.
  • Upload necessary documents.

Read more

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top