Are you one of those students who need money instantly? If your answer to the question is yes then you are in the right place. Here in this post, we are going to list out Best Student Loan Apps in India 2024. Most of these apps offer Instant Personal loans for school and college-going students. Some of these apps provide loans without a pan card in a few hours.
We all need money. Sometimes we have no savings left in our bank accounts. But we are in urgent need of buying premium study materials, new smartphones, laptops, academic fees, study purposes or planning a vacation, and many more. Then we borrow money from our relatives or friends.
There are some students who prefer taking loans from apps. It is because many apps nowadays offer paperless loans instantly.
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Best Instant Loan App for Students in India 2024
Nowadays there are multiple rapid loan apps. We have compiled a list of the Best Loan apps for Students in India. All these apps provide fast, paperless, Hassel-free, funds to meet your financial requirements as a student.
| S NO. | APP NAME | DOWNLOAD LINK |
| 1 | mPokket | Download |
| 2 | BadaBro | Download |
| 3 | StuCred | Download |
| 4 | Tala | Download |
| 5 | RedCarpet | Download |
| 6 | Pocketly | Download |
| 7 | Sahukar | Download |
1. mPokket Loan App
To help college students Mr. Gaurav Jalan, introduced this app. With the help of this app, you can get an instant loan without asking your friends. This app is specifically designed for college-going students who ran out of money.
You can get a credit line of 500 Rs. initially. You can get more money from this app after some time using this app without any default. You can repay your loan amount for a period ranging from 2 to 4 months.
It is one of the best college loan apps in India. It provides instant Pocket Money Loans for Students in India specifically college students. For this, you have to only furnish proof of admission – a mark sheet, college ID, letter of admission, etc. Along with this, you need KYC documents to get approved.
| App Name | mPokket |
| Minimum Loan | ₹500 |
| Maximum Loan | ₹30,000 |
| Total Downloads | 1 crore+ |
| Ratings in the Play Store | 4 lakh+ reviews with 4.4 star ratings |
| Company Name | mPokket Financial Services Private Limited |
| Company Location | Kolkata, West Bengal |
Benefits you will get
- Get reward points for making repayments on time.
- You may get a loan in just 2 minutes in your bank account Paytm.
- You can repay in flexible options like 2 months or 4 months
- College students get Personal loans for up to 30000 rs.
- Paperless process.
Eligibility to get a Loan From mPokket
- Minimum Age 18
- Valid college ID card
- Pan Card
- 3 months bank statement/salary slip, joining letter in case of salaried professional.
- KYC Details
- Aadhaar Card, Driving license, Voter ID card, etc.
Easy Process to Get Loan From mPokket App?
- First, go to the google play store, and download and install the mPokket app.
- Verify your identity by providing valid documents. like:
- Passport
- Voter’s Identity Card
- Driving License
- Aadhaar Card.
- College ID Proof: For instant student loan
- Make an application for a loan. The company will transfer money to your bank account within minutes.
mPokket App Customer Support
Customer care is open from Monday to Saturday for your assistance. You can call 033- 6645 2400 between 10:00 a.m. to 7:00 p.m.
Email ID: [email protected]
2. BadaBro Loan App
BadaBro is yet another app like mPokket. It gives loans to college students above the age of 18 years. If you are salaried personnel or college student you can get a loan credited to either your bank account or in the Paytm wallet right away.
| App Name | BadaBro |
| Minimum Loan | ₹500 |
| Maximum Loan | 1,00,000 Rs. |
| Total Downloads | 1 lakh+ |
| Ratings in Play Store | 14000+ reviews with 4.2 star ratings |
| Company Name | Badabro Giga Venture Private Limited |
| Company Location | Kolkata |
Benefits you will get from BadaBro Student Loan App
- Request for loan online
- Get money directly into your bank account without any hassle or papers.
- Earn reward points by referring it you your friends
- Make your profile with basic documents like Aadhar Card or PAN card etc.
Eligibility to get a Loan From BadaBro
- Minimum 18 years of Age
- Valid college I. card
- PAN card for identity verification and Aadhar Card for address verification
- Last 6 months’ bank statement
Easy Process to Get Loan From BadaBro App
- Get the app from the google play store
- Verify your phone number with OTP
- Sign up with your google or Facebook account
- Upload an Aadhaar/PAN card, salary slip/college ID, bank statement, mark sheet/money receipt, photo & selfie video, and a few other details to successfully complete the profile.
- Your profile will be verified and an initial credit limit will be assigned.
- The select loan amount and repayment term, number of installments EMIs, and credit location (Bank account or Paytm).
BadaBro App Customer Support
Customer care is open from Monday to Saturday for your assistance. You can call at 7003090000 between 10:00 a.m. to 7:00 p.m.
Email ID: [email protected]
3. StuCred Loan App
An application that understands what it is like to run out of savings is what can help students the most. And StuCred is one of those loan provider applications. We all work hard for financial independence, and StuCred allows us to make it a reality for ourselves. After downloading this app, you get financial help from a reliable source.
| App Name | StuCred |
| Minimum Loan | ₹500 |
| Maximum Loan | ₹10,000 |
| Total Downloads | 5 Lakh+ |
| Ratings in Play Store | 8k+ reviews with 4.3 star ratings |
| Company Name | Keron Financial Services Limited |
| Company Location | Chennai, Tamil Nadu |
Benefits you will get from StuCred
- No more paper documents will be required. This app allows you to quickly verify your identity by uploading secure documents.
- StuCreds Student Loans have a 0% Interest Rate and are intended to provide instant cash for Indian students.
- The entire process can be done from the app. If you need additional time, simply request an extension.
- StuCred lets you build your credit score even before you graduate. This is a critical financial score that will impact your life in the long term.
Eligibility to get a Loan From StuCred
- StuCred is only currently available to Indian college students aged 18 and over, who are enrolled at specific colleges.
- The app will ask for College details (College name, ID & Email ID)
- The app will ask for a Government ID
Easy Process to Get Loan From StuCred App
- Register – Fill in your details and wait for the OTPs.
- Verification – Take a picture of your government ID and your college ID card and scan them both front and back to verify them.
- After you complete onboarding, connect your bank account! You can choose the amount of loan you need from your credit limit. It will take only 30 seconds for the money to get credited in your bank account.
StuCred App Customer Support
Customer care is open from Monday to Saturday for your assistance. You can call at 033- 6645 2400 between 10:00 a.m. to 7:00 p.m.
Email ID:
4. Tala Loan App
One of the best things about the Tala Loan App is that it does not take much time to fill cash in your pocket. The process of getting a loan from this app is simple and takes only a day. The app has been downloaded by millions of users, who have been helped financially by this amazing application. You can use the money to pay your fees, get something new, and whatnot.
| App Name | Tala |
| Minimum Loan | ₹1000 |
| Maximum Loan | ₹10,000 |
| Total Downloads | 5 Lakh+ |
| Ratings in Play Store | 6k Reviews |
| Company Name | Tala |
| Company Location | Santa Monica, California |
Benefits you will get from Tala
- You can make a payment easily using the app.
- If you adhere to a simple payment plan, you’ll be able to keep track of your payments.
- Your loan will be transferred to your bank account within minutes.
Eligibility to get a Loan From Tala
- You should have a working phone number.
- A PAN number is required.
- An Aadhaar card/Voter ID is required.
- You must be at least 18 years of age.
- You must have a bank account number.
Easy Process to Get Loan From Tala App
- After downloading Tala App from Playstore, fill out the short form.
- You’ll get your loan approved in a matter of minutes.
- To confirm your identity, use a secure method
- The loan will be directly deposited into your bank account.
- A pay slip, bank statement, or credit score is not required.
Tala App Customer Support
Customer care is open from Monday to Saturday for your assistance. You can call at 033- 6645 2400 between 10:00 a.m. to 7:00 p.m.
Email ID: [email protected]
5. RedCarpet Loan App
Whenever you are out of money, you usually go to your parents or friends and seek financial help from there. But you cannot always rely on them. You need a reliable source of money that can help you whenever you are in need. And this is exactly what the RedCarpet loan does. It helps you like a friend and family member whenever you are struggling financially. It is reliable and you can always get a helping hand using this application.
| App Name | RedCarpet |
| Minimum Loan | ₹500 |
| Maximum Loan | ₹50,000 |
| Total Downloads | 10 Lakh+ |
| Ratings in Play Store | 46k+ reviews with 3.6 star ratings |
| Company Name | RedCarpet Tech Private Limited |
| Company Location | New Delhi |
Benefits you will get from RedCarpet
- The application does not require a lump sum payment upfront. Instead, it includes a credit line to fund its personal loan.
- Only personal loans are eligible for the Ruby card. The loan amount is what allows cash to be released, just like debit cards.
- Withdrawing funds from this card, up to Rs1,000, is free of additional charges
- RedCarpet offers an integrated spending tracker that allows you to track and analyze your expenses, as well as view your complete card account for every day of the calendar year.
Eligibility to get Loan From RedCarpet
- RedCarpet provides personal loans based upon a credit score that has been calculated using a complex formula that includes over 100 variables. The following eligibility requirements must be met before a person can apply for a personal loan.
- At least 18 years of age is required for the applicant.
- The applicant must be a student at a university in a large metropolitan area.
- Students in their final year of study should apply for the course before its six-month duration ends.
Easy Process to Get Loan From RedCarpet App
- Download RedCarpet App on your Smartphone.
- Enter your number and choose the language you prefer.
- Please fill out all fields such as your name and address.
- Send your files (Personal ID or College ID, Address Proof, and other) to them
- After verification, you’ll be issued an Rs500 starting limit.
- Go to “Apply for card” and complete the form.
- After the card is accepted, you will receive a notification.
RedCarpet App Customer Support
- Customer Care Team – 011-711156232
- Email support – [email protected] /[email protected]
Customer care is open from Monday to Saturday for your assistance. You can call at 033- 6645 2400 between 10:00 a.m. to 7:00 p.m.
Email ID:
6. Pocketly Loan App
As the name of the application suggests, it will provide instant cash to your pocket. The goal of Pocketly is to provide financial helps to the students at the end of the month so they do not have to face any issues when they are studying. You can also use the cash in any kind of emergency or so. As mentioned, the app is known for providing instant cash to users when all of their options are closed.
| App Name | Pocketly |
| Minimum Loan | ₹500 |
| Maximum Loan | ₹10,000 |
| Total Downloads | 1 lakh+ |
| Ratings in Play Store | 8K+ reviews with 4 star ratings |
| Company Name | Pocketly Infotech Private Limited |
| Company Location | Bengaluru, Karnataka |
Benefits you will get from Pocketly
- Pay on time to increase your credit limit
- KYC & Underwriting is required.
- Upload documents & user verification
- Get Credit instantly.
- The amount from Rs500 to Rs10,000 is getable.
- Refinance and extension of loans.
Eligibility to get Loan From Pocketly
- You should be at least 18 years old.
- An Aadhaar Card is required to confirm your identity and address.
- A pan card is another form of identification you should have.
- Proof of valid college ID must be presented.
Easy Process to Get Loan From Pocketly App
- Download Pocketly App from Playstore
- To create an account, enter your phone number.
- You will now need to verify your details, such as Aadhar information, Pan info, and Student info.
- Enter your bank information now.
- You will receive your quick cash.
Pocketly App Customer Support
Customer care is open from Monday to Saturday for your assistance. You can call at 033- 6645 2400 between 10:00 a.m. to 7:00 p.m.
Email ID: [email protected]
7. Sahukar Loan App
Sahukar is one of the leading companies known for helping students and its customers financially. It provides loan and other financial helps to its users in an hour of need. Students often use that money to pay their college or tuition fees and to get other study material. But the money can also be used for important life expenses. It is a good and reliable loan application that can help you when all other options are closed.
| App Name | Sahukar |
| Minimum Loan | ₹500 |
| Maximum Loan | ₹5000 |
| Total Downloads | 5 Lakh+ |
| Ratings in Play Store | 10K+ reviews |
| Company Name | Sahukar Fintech Private Limited |
| Company Location | Kolkata, West Bengal |
Benefits you will get from Sahukar
- You can get as many loans as needed and repay them whenever you like.
- Instant credit will be made to your Paytm account or bank account. Anywhere, any time.
- There is no physical documentation or verification.
- You can get extra Sahukar cash and a loan with no interest. You can also find attractive coupons.
Eligibility to get Loan From Sahukar
- Photo ID
- Address proof
- Card for educational identity
- Facebook social account
Easy Process to Get Loan From Sahukar App
- Download the app from Google Play Store.
- Enter your mobile number into the Sahukar app.
- Complete your profile.
- Select the duration you wish to request and then send it.
- You can repay the sum in 90 days. Simple.
Sahukar App Customer Support
Customer care is open from Monday to Saturday for your assistance. You can call at 033- 6645 2400 between 10:00 a.m. to 7:00 p.m.
Email ID: [email protected]
Also read i need 5000 rupees loan urgently
Final Words
We hope you liked our list of the best loan app for students useful and informative. We know that students are always short of money. And they cannot always get the money when they are in need. So, these applications are a very good help for them. If you are someone who is in need of such a loan instantly, downloading these apps is a great idea. Make sure you can repay the amount at the right time to increase your limit.
To read more interesting articles such as this, keep following www.TheDarshika.com. We bring informative and educational articles for students to boost their lifestyle and education. You can get study material and other interesting articles from our website. Share this article with your friends to help them financially as well. Leave a comment down below in case of suggestions.