Students are our future assets, and we know that sometimes unexpected expenses, such as tuition fees, gadgets, exam costs, or even living expenses, often arise when you least expect them.
QuickCashs comes with the 10 best student loan apps. They offer quick approvals, minimal paperwork, and small loans directly into your account, making them a lifesaver during financial crunches.
Benefits of Loan Apps for Students
- Quick Access to Funds: Get loans disbursed within minutes to hours.
- Minimal Documentation: Most apps only need your college ID, Aadhaar, PAN, and a selfie.
- No Credit History Required: Many apps don’t require a CIBIL score, which is perfect for students starting.
- Flexible Loan Amounts: Borrow as little as ₹300 or as much as ₹10 lakh, depending on the app.
- Easy Repayment Options: Flexible tenures, EMI options, and reminders to help you stay on track.
- Build Financial Discipline: Apps like StuCred help build a positive credit history for the future.
Also Read: Get 10,000 Personal Loan Online
Eligibility Criteria for Student Loan Apps
While criteria vary by app, most follow these basic requirements:
- Age: 18 years or older.
- Student Status: Must be enrolled in a college or university (proof required).
- ID Proof: Aadhaar card, PAN card.
- Income Proof (Optional): Some apps require a part-time job or guarantor for larger loans.
- Bank Account: Active bank account for disbursement and repayment.
10 Best Loan Apps for Students
| App Name | Loan Range | Repayment Tenure | Interest Rate | Highlights | |
| 1 | CASHe | ₹45,000 – ₹3 Lakh | 270–540 days | 2.5% per month | Higher limits, EMI flexibility |
| 2 | Tata Capital App | ₹5,000 – ₹10 Lakh | Varies | 12% – 36% p.a. | Covers big expenses, minimal docs |
| 3 | PaySense | ₹5,000 – ₹5 Lakh | Flexible | 12% – 36% p.a. | No collateral, instant approval |
| 4 | mPokket | ₹300 – ₹45,000 | 61–120 days | 1–6% per month | Fast disbursal, student-focused |
| 5 | Pocketly | Up to ₹50,000 | Short-term | 16% – 38% p.a. | Simple process, low charges |
| 6 | CashBean | Up to ₹60,000 | 180 days | 25.5% p.a. | Best for urgent small loans |
| 7 | Kissht | ₹5,000 – ₹5 Lakh | 60–365 days | 16% – 48% p.a. | Instant cash + reward points |
| 8 | StuCred | ₹1,000 – ₹15,000 | Few days to months | Interest-free* | Great for credit building |
| 9 | SlicePay | Up to ₹10,000 | 30–90 days | ~3% per month | Ideal for gadgets & bills |
| 10 | GetItNow (GIN) | ₹500 – ₹50,000 | 61–120 days | 0–4% per month | RBI-registered, reward programs |
Tips for Students Before Taking a Loan
✔ Borrow only when needed: Avoid using loans for lifestyle spending.
✔ Compare Apps: Check processing fees, interest rates, and user reviews.
✔ Read Terms & Conditions: Understand penalties for late payments.
✔ Pay on Time: Improves your credit score and helps you avoid harassing phone calls.
Also Read: Urgent 3,000 Loan Without CIBIL Score
Conclusion
Loan apps for students are a quick and easy solution when you need emergency funds without the hassle of traditional loans. Apps like mPokket, Pocketly, and StuCred are tailored to meet the needs of students, while CASHe and Tata Capital offer larger loans for major expenses.
FAQs on Student Loan Apps
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Which loan app is best for students in India?
Apps like mPokket, Pocketly, and StuCred are popular among students for quick, small loans with minimal documentation. For higher amounts, CASHe and Tata Capital are good options.
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Can students get a loan without a salary?
Yes. Most student loan apps do not require a salary. You just need to provide your college ID, Aadhaar, and PAN for verification. Some apps may ask for an additional guarantor for larger amounts.
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Do student loan apps check CIBIL score?
Many student-focused apps, such as mPokket, Pocketly, and StuCred, do not require a credit score. However, apps offering higher amounts may check your credit profile.
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What is the interest rate on student loan apps?
Interest rates vary between 1% and 4% per month, depending on the loan amount and tenure. Apps like StuCred even offer small interest-free loans for students.
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Is it safe to use student loan apps?
Choose only RBI-registered NBFC-backed apps like CASHe, Tata Capital, and GIN. Avoid apps with poor reviews or unverified developers to prevent data misuse.
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How much loan can a student get without income proof?
Students can typically borrow between ₹300 and ₹50,000 without income proof on apps like mPokket, Pocketly, and StuCred. For larger amounts (₹1 Lakh+), income proof or a guarantor may be needed.
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How quickly can I get the money after applying?
Most apps offer instant approval and credit the amount within minutes to a few hours after verification.
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What documents are needed for a student loan app?
Commonly required documents:
1) College ID Card
2) Aadhaar Card
3) PAN Card
4) Selfie & Bank Details -
Can international students in India apply for these loans?
Most apps require Indian nationality and a valid Indian ID. International students may need to check specific app policies.
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What happens if I don’t repay the loan amount on time?
Late repayment attracts penalty charges and can harm your credit score. Some apps may also start recovery calls. Always read the terms before borrowing.
