Simple ways to choose the best Instant Mobile App for Student Loan in India
With a mobile app, you may borrow money for college fees without any fuss. You may easily fill out an application form and have the loan deposited into your bank account using the student loan app. You simply need to download one of the best student loan apps in India 2021 and apply for a loan. Read on to learn about the mobile apps that can help you pay for college.
Best Instant Mobile app for Student Loan in India 2021
In the given table, you can easily compare and select the instant mobile app for a student loan in India 2021:
| App Name | Interest Rate | Loan Amount |
| KrazyBee | Up to 3% | Up to 50,000 |
| mPokket | Up to 5% | Up to 10,000 |
| Sahukar | Up to 3% | Up to 5,000 |
| BadaBro | NA | Up to 1,00,000 |
| RedCarpet | Up to 2.49% | Up to 50,000 |
- KrazyBee Personal Loan
You may borrow loans for education expenditures with the KrazyBee app. To acquire the loan amount, all you need is your college ID and proof of address. It also gives you a 12-month repayment period. It is the largest student credit platform in India. Take a look at some of the app’s features.
- Financing that is hassle-free and comes with a delivery service
- EMIs are a convenient way to pay.
- Low down payment with minimal documentation
- Processing time is reduced.
- Collaborations with well-known brands
Eligibility criteria of KrazyBee Personal Loan
- One should be a minimum of 18 years for availing of the loan.
- You must have enrolled in a recognized university for a full-time degree or non-diploma study.
- Your college must be included in the list of colleges that have been approved.
- Your graduation date should be three months before you apply for a loan.
Documentation of KrazyBee Personal Loan
- Proof of identification: a college ID card
- Aadhaar Card, Voter ID, Driver’s License, Passport are examples of address proof (Any One)
- mPokket Personal Loan
College students can utilize this lending app to acquire immediate personal loans. Simply download the app and upload your photographs as well as proof of identification, such as an Aadhaar card. You can request a loan starting from Rs. 500 to Rs. 20,000, which will be instantly transferred to your bank account or Paytm wallet. You can pay back the loan over 1-3 months at a monthly interest rate that starts at 3.5%.
- Cashback, referral bonuses, and reward points
- You can get cash in your bank account immediately after downloading this program.
- Your issues will be minimized because the application process is entirely digital.
Eligibility criteria of mPokket Personal Loan App
The mPokket loan app is only available to students who are enrolled in a full-time undergraduate or postgraduate program at a college affiliated with a recognized institution. Students that are enrolled in a correspondence course are ineligible. You must also be at least 18 years old and have a bank account in order to apply for the loan.
- Sahukar Personal Loan
It gives students credit to help them with their financial difficulties. The app is backed by a registered NBFC with the RBI. Any college student can use this app to borrow up to Rs. 5,000. The funds can be deposited into the account or deposited into the Paytm wallet. The monthly interest rate on a student loan begins at 3% per month. The following are some of the primary features of the Sahukar app:
- A student can use this software to receive multiple loans depending on their needs.
- The software provides e-approvals for loans, which eliminates the need for physical documentation and verification.
- Users can also earn exciting referral bonuses such as Sahukar cash or discounts.
- BadaBro Personal Loan App
Students can borrow rapid loans via the student loan app. You can be financially self-sufficient and return the loan throughout the time period you choose. The loan amount is determined by the student’s eligibility for the line of credit.
- Disbursement to your bank or Paytm account is instantaneous
- Available 24 hours a day, 7 days a week.
- Flexible EMIs for 30 to 90 days are available.
Eligibility criteria of BadaBro Personal Loan App
- You should be enrolled in college full-time.
- The applicant must have an age limit of a minimum of 18 years.
- The graduation date must be three months prior to the application deadline.
Documentation of BadaBro Personal Loan App
- Aadhaar Card
- College ID Card
- The most recent mark sheet
- Money receipts from your college
RedCarpet Personal Loan App
RedCarpet is a peer-to-peer lending platform that allows customers to receive a loan of up to Rs. 50,000 at a monthly interest rate of 2% to 3%. The repayment period for a RedCarpet student loan is up to three years. This app provides a lot of cool features besides a student loan.
- The app has a cost tracker that assists you in managing your expenses while also displaying the greatest personal and college loan offers.
- It gives you immediate access to funds in the form of a credit line.
- Platinum Mastercard is also available, which may be used for online transactions, ATM cash withdrawals, and POS transactions.
Conclusion
In India, there is some best instant loan app for Student that offers the best way to get the loan to the students. The loan is offered at a low-interest rate, flexible repayment tenure, and higher loan amount that you required. For more details, you can also avail of the loan through Afinoz.com.
