10 Best Loan Apps for Students in India in 2024 – Instant Loan

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Are you a student and looking for an instant money loan app for students in India? If so, you’re in luck! This blog has compiled a list of the best loan apps for students in India, perfect for those who need a quick and easy solution. Each app has its own unique features and application process, so be sure to check them all out before making a decision. Not sure if a loan app is the right solution for you? Read on for more information on how loan apps work, the types of loans available, and some of the benefits and risks associated with using them. After reading this blog, you’ll have a better idea of which loan app is best for you!

What Does a Loan App Mean?

A loan app is a mobile application that allows users to apply for a loan to get quick and easy loans. The loan app process is simple and can be completed in minutes. Once approved, the loan funds will be deposited into your bank account within 24 to 48 hours.

How Does the Loan App in India Work and How to Apply?

In India, the loan application process is quite simple.

  • First, you’ll need to gather all of the required documents. These include your ID proof like PAN, Aadhar number, proof of income, and bank statements.
  • Next, you’ll need to fill out and submit an online application form.
  • Next, a loan officer will review it and make a decision.
  • Finally, If you’re approved, the money will be deposited into your account within a few days.

10 Best Instant Money Loan App For Students in India – Instant Loan Apps

There are many loan apps available in India, but not all of them are good for students. Here is a list of the 10 best loan apps for students in India that offer instant loans at low interest rates. You can use these apps to finance your education and get the money you need quickly and easily. All of these apps have excellent customer service and offer low interest rates on loans. Install them on your phone and start searching for the perfect student loan today!

mPokket Best Instant Loan App

Top Pick

mPokket Best Instant Loan App

If you’re seeking an instant student loan for spending money in India, mPokket is the most remarkable application available. Loans in amounts ranging from 500 to 20,000 rupees are available, and college students and recent graduates benefit most from mPokket. All students around the country have access to this application. Only a legitimate college ID and proof of address are needed to apply for a loan with mPokket. Young professionals need a receipt of payment, a bank statement, and proof of who they are and where they live. Download the app, sign up today, and start spending money in India with ease!

Top Pick
Pocketly Loan App

Pocketly Loan App

Looking for a loan app that caters to students in India? Look no further than Pocketly. You can now get quick loans of Rs. 500 to Rs. 6,000 from the Pocketly app! These loans can be paid back in easy instalments over a period of about one to three months. The interest rate is only 1 to 3% per month, so it’s a great option for students who need quick cash to cover their expenses. 

Top Pick
KrazyBee Loan App

KrazyBee Loan App

KrazyBee is one of the most popular loan apps for students in India. If you’re a college student and you’re looking for an easy and flexible way to get your hands on the gear you need, check out KrazyBee—the app is among the best student loan apps in India! You can use it to purchase anything online, and there are no minimums or monthly payments, which makes it a great option for college students.

Top Pick
KreditBee Loan App

KreditBee Loan App

If you’re looking for a simple and easy way to get a loan, KreditBee is the app for you. KreditBee is an app that provides instant personal loan payments to students starting from Rs. 1,000 to Rs. 3 lakhs. To be approved for a loan through the app, you must upload all of your supporting documentation (such as your payslips and bank statements) via the app.

Top Pick
Sahukar Loan App

Sahukar Loan App

Sahukar is an online instant loan platform that offers credit for Rs. 100 to Rs. 5,000. At 3% per month in interest, it’s easy to pay back money borrowed in 90 days. To borrow money, you need to download the Sahukar app and register with your information. The app provides e-approvals on loans that require no physical documentation or verification, plus some exciting referral bonuses as cash or coupons.

Top Pick
SlicePay Loan App

SlicePay Loan App

The SlicePay platform allows students to borrow money from EMIs at no cost. SlicePay partners with MasterCard to make this possible. Students in undergraduate and graduate courses can borrow up to Rs.10,000 from SlicePay. A 30-day to 90-day loan is available to them. A monthly interest rate of three per cent is charged. To facilitate faster disbursement, we will transfer the funds to your bank account or through the Unified Payments Interface.

Top Pick
CashBean Loan App

CashBean Loan App

Cash Bean is an online application that allows Indian students to borrow up to Rs 60,000 with interest rates as high as 33% per year and a processing charge of 18%. P & C Financial income, and not be in need of financial assistance from other sources.

Top Pick
BadaBro Loan App

BadaBro Loan App

BadaBro is a top-rated rapid loan application for college students and professionals with stable employment. The company that developed it was designed for this population, and more than 100,000 people use it because it immediately provides quick loans and deposits the funds into your bank account. To register, you will need to give your Aadhaar number, your PAN number, your employment ID (if you have one), and other important information. After checking your credit score, you can get the loan amount because the whole thing is done online.

Top Pick
StuCred Instant Loan App

StuCred Instant Loan App

StuCred is an instant loan app designed specifically for college students in India. With StuCred, you can get instant cash without any interest. Plus, by using StuCred, you can afford an easy way to get the money you need. This platform offers instant loans for both online and offline transactions. Loans between 1,000 and 6,000 INR can be paid back in one month without interest. Plus, users who apply for EMI alternatives also have the option of repaying the amount on a three-, six-, nine-, or 12-month basis. 

Eligibility Criteria for Applying for Student Loans in India 

  • Any full-time college student can apply for an instant loan.
  • The applicant looking for a loan should be aged above 18 years.
  • Applicants must have a both College ID card and Aadhar Card.
  • Some lenders may require a PAN card (personal account number).

Why You Need A Loan App As A Student In India

As a student in India, you may find that you need to borrow money from time to time to help with the cost of your education. This can be difficult and time-consuming, which is where loan apps come in handy. Instant loan apps allow you to get the money you need quickly and easily, without having to go through a long application process or wait for a response.

There are many different loan apps available, so it’s important to choose one that best suits your needs. For example, if you’re looking for a short-term loan app, then perhaps an instant payday loan app would be more suitable. Alternatively, if you want a long-term loan solution, then maybe something like a personal loans app for students would be better suited. Regardless of what kind of loan app is best for you as a student in India, make sure that you research all of the options before selecting one.

How To Choose The Best Loan App For Students In India

When choosing the best loan app for students in India, there are a few key things to keep in mind.

  • First and foremost, make sure to choose an app that offers low interest rates, flexible repayment terms, and a wide variety of loan products. This will help you save money on your loans over the long term.
  • Additionally, many of the best loan apps for students in India offer instant approval and easy repayment options. This means you can get your loans approved quickly and easily, without having to go through a long application process or provide any collateral.
  • Another important factor to consider is the terms and conditions of the loan. Make sure to read them carefully before applying, as they may have specific requirements that you need to meet. For example, some loan apps may require you to maintain a certain level of credit score while others may require you to provide additional documentation before approving your application.
  • Finally, be sure to choose an amount you can comfortably repay loan amount within the given time frame. This way, you won’t end up taking on more debt than necessary.

Things To Avoid When Choosing A Loan App For Students

When choosing a loan app for students, it is important to read the reviews and user feedback in order to get an idea of which app might be best for you. Some things to avoid when choosing a loan app for students include apps that are not eligible for use, apps with low ratings, and apps with negative user feedback.

It is important to compare the different features of each app so that you can find one that meets your needs and preferences. Additionally, it is helpful to read reviews from other students in order to get an idea of which app might be best for you.

Is It Safe to Take a Loan From an App?

Student loans can be a daunting task, but with the right loan app, the process can be a lot easier. Before you sign up, make sure to research the company and their terms. Many loan apps offer low interest rates and fast approvals, making them a safe bet for students in India. Additionally, many app lenders have customer support available 24/7 to help you out in case things don’t go as planned. So don’t wait—download the best loan apps for students in India today!

Benefits of Using Loan Apps For Students

  • Student loans can be used for any expenses related to attending school, such as food and lodging.
  • Lending using an online loan app requires no physical documentation, as you can upload the documents required to avail of a loan on the app or website.
  • Student loans make it more affordable to pursue a degree, which means more opportunities and better lives for everyone. With student loans, you can afford to get the education you need and make your dreams a reality.
  • Getting your loan amount transferred to you can take time and get complicated. But online loan apps offer a direct transfer option, making the process simpler.

Drawbacks of Using Loan Apps For Students

Loans are a great way to get a quick financial boost, but be aware of the risks involved. 

  • There are a number of loan apps available for students in India, but be aware that these apps often have high interest rates and can lead to debt problems down the road. 
  • Non Paying off student loans is a higher priority than other life objectives.
  • It’s important to be familiar with the terms and conditions of any loans you take out, so you know what you’re getting yourself into.
  •  Always use caution when accessing these types of loans – make sure you understand all the details before signing anything!


We have listed out the best loan apps for students in India that provide loans with low interest rates and instant and easy approval. Make sure you research and compare different rates and terms before selecting a loan app, as the best one for you may not be the best one for someone else. With a little bit of research, you’ll be able to find the best loan app for you and your student loans in India in 2023!


Can a loan app access my bank account?

Yes, a loan app can access your bank account. This is because when you apply for a loan, the lender will need to check your financial history in order to determine whether or not you are a good candidate for a loan. In order to do this, they will need to access your bank account in order to see your transaction history and other financial information.

What happens if an online loan is not paid?

If a borrower doesn’t pay back a loan on time, the lender may take a number of legal actions. These legal actions could include filing for the seizure of assets under specific laws. Depending on how badly the loan wasn’t paid back, the lender may also lower the borrower’s credit limit or cancel all loans.

Can online app loans take you to court?

Yes, online app loans can take you to court if you don’t repay them. The lender may sue you for the balance of the loan, plus interest and fees. If they win, the court may order you to pay the money owed.

Can online loan apps access your contacts?

There is no definitive answer to this question since it can vary depending on the app and its permissions. However, it is generally possible for online loan apps to access your contacts if you allow them to do so. This means that they might be able to see your contact information and use it for their own needs.

Can a loan app access my contacts after uninstalling?

If you uninstall a loan app, it should no longer have access to your contacts. However, it is possible that some data may still be stored on your device, so it is best to contact the app developer and ask if they delete this data when you uninstall the app.

Which app is better for student loans?

There is no clear answer to this question because it depends on the person and their situation. Some students may find that one particular app is better for their student loans, while others may prefer a different app. It is important to shop around and compare the features of each app before making a decision.

How can students get 15000 rupee loans instantly?

There are a few ways that students can get 15000 rupee loans instantly. One way is to find a private lender; another way is to take a personal loan; and the last instant is taking a loan from apps like mPokket, SlicePay, Pocketly, KrazyBee, and CashBean.

How do I find the best loan app for my needs?

To find the best loan app for your needs, you’ll want to compare a few different options. Consider things like interest rates, repayment terms, and any fees or penalties associated with the loan. Once you’ve found a loan app that meets all your requirements, it’s time to read user reviews to get an idea of how trustworthy and easy the app is to use.

Which loan app offers the lowest interest rates?

There are a number of loan apps that offer lower interest rates in India than traditional banks. Some of the best loan apps for students in 2023 include mPokket, SlicePay, Pocketly, KrazyBee, and CashBean.

Which student loan app is the fastest and easiest to use?

There are many student loan apps available, but the fastest and easiest to use is the Pocketly student loan application. With this app, you can finish the whole process of consolidation in as little as 10 minutes. Pocketly is a mobile app that’s specifically designed for students in India.

Can I get an education loan at the age of 16?

Yes, to be eligible for a student loan, you must be between the ages of 16 and 35. Most of the time, the loan pays for the borrower’s costs, like tuition, fees, and room and board. There may be some exceptions, depending on lender discretion.

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