Best Loan App For Students In India

The cost of education and everyday living is increasing in India. Many students need financial help, so they are turning to instant loan apps. These apps provide quick and easy loans, making them a convenient choice for students. Below, we will take a detailed look at the best loan apps for students, including their features, benefits, loan details, and more. 

List of the 10 Best Loan Apps for Students in India in 2025

Now, let’s have a look at the features of all these apps in detail.

Features and Benefits of the Best Loan App for Students

1. mPokket  

mPokket specifically helps college students by offering them loans of up to ₹30,000. Students like mPokket because it's easy to apply for a loan and they get the money quickly.  

Students can choose to receive the money directly into their bank account or their Paytm wallet. mPokket also sends reminders to help students repay their loans on time, and they offer different repayment periods to make it easier for students. 

Loan Amount: ₹500 to ₹30,000 
Interest Rates: 1% to 6% per month 
Tenure: 61 to 120 days 
Processing Fee: ₹34 to ₹203 based on loan amount 

Benefits: 

mPokket is a trusted name among students for offering instant cash loans with minimal documentation. It is tailored for college students and young professionals who require funds for emergencies or other expenses. 

Features: 

• Quick release of funds directly to your bank account or Paytm wallet. 

• No collateral is required. 

• Loan repayment reminders for timely payments. 

• Easy application process with minimal documentation. 

mPokket is widely regarded as the best loan app for students, thanks to its affordability and ease of use. 

2. CASHe  

CASHe offers larger loans, which is helpful for students who need more money. CASHe uses artificial intelligence (AI) to decide if someone can get a loan, even if they don't have a credit history. This concept is identified as the "Social Loan Quotient."  

Students can get their loan money quickly, and they have different options for how long they need to pay it back. CASHe is a good choice for students who want a loan platform that is easy to use and provides clear information. 

Loan Amount: ₹7,000 to ₹3,00,000 
Interest Rates: 1.5% to 2.5% per month 
Tenure: 62 days to 1 year 
Processing Fee: ₹200- ₹2,000 on the basis of the loan amount 

Benefits: 

CASHe is ideal for students looking for a larger credit line. Its "Social Loan Quotient" assesses creditworthiness, ensuring fair access to loans for students with no prior credit history. 

Features: 

• Instant loan approval and disbursement. 

• Flexible repayment options. 

• AI-based credit evaluation for quick processing. 

• No credit score required, making it one of the best student loan apps in India. 

CASHe stands out for its robust support system and high loan limit, making it suitable for students' educational and personal needs. 

3. Pocketly  

Pocketly is designed to help students by offering small loans for unexpected expenses or personal needs. Pocketly uses artificial intelligence (AI) to quickly decide if someone can get a loan, which means students get their money fast.  

Pocketly has low fees and rewards students for repaying their loans on time, making it a good choice for students who want to save money. Pocketly is perfect for students who need to manage their money during short-term financial challenges. 

Loan Amount: ₹1,000 to ₹20,000 
Interest Rates: 1% to 3% per month 
Tenure: 1 to 3 months 
Processing Fee: ₹30 to ₹200 

Benefits: 

Pocketly is a student-centric loan app that offers small-ticket loans for immediate financial requirements. It is particularly popular among students for its user-friendly interface and low processing fees. 

Features: 

• Instant loan disbursal. 

• AI-based credit assessment. 

• Flexible repayment plans. 

• Cashbacks and rewards for timely repayment. 

Pocketly is a preferred instant loan app for students, helping them manage short-term financial emergencies effortlessly. 

4. StuCred 

StuCred is a loan app for students that doesn't charge any interest if you pay back your loan on time. StuCred only helps students, and they don't have any hidden fees or make things complicated.  

You can get your loan money from StuCred very quickly, and it can help you build a good credit history for the future. StuCred is a great choice for students because they don't need to put anything up as collateral to get a loan. 

Loan Amount: ₹1,000 to ₹50,000 
Interest Rates: 0% for timely repayments 
Tenure: 1 to 3 months 
Processing Fee: ₹0 for timely payments 

Benefits: 

StuCred focuses exclusively on students, offering zero-interest loans when repaid on time. This makes it a cost-effective option for managing educational and personal expenses. 

Features: 

• Real-time disbursal. 

• No collateral required. 

• Credit-building opportunities for students. 

• Exclusive rewards and offers for timely repayment. 

For students, StuCred is arguably the best loan app for students, providing financial support without the burden of high interest rates.  

5. KreditBee  

KreditBee offers loans for different amounts of money, from small amounts of cash to larger expenses like education. The entire loan process happens online, and you can get your loan money within 15 minutes.  

KreditBee offers different repayment periods and is a safe platform to use, making it a reliable choice for students. KreditBee is a good choice for students who want both affordable loans and a convenient way to get them. 

Loan Amount: ₹1,000 to ₹3,00,000 
Interest Rates: 0% to 29.95% annually 
Tenure: 3 to 24 months 
Processing Fee: ₹50 to ₹2,000 

Benefits: 

KreditBee offers a broad spectrum of loan options, making it versatile for students and young professionals alike. It is suitable for managing both small and large expenses. 

Features: 

• 100% digital application process. 

• Loan disbursal within 15 minutes. 

• No need for extensive credit history. 

• Secure and encrypted platform. 

KreditBee is a top pick as an instant loan app for students, ensuring flexibility and fast processing. 

6. Slice  

Slice provides credit lines specifically designed for students and young adults, offering loans of up to ₹10 lakh. The app allows you to pay back your loan in instalments without any extra cost and rewards you for using the Slice card.  

Slice requires minimal documentation, making it easy for students to apply. Slice offers a wide range of credit options and has transparent policies, giving its users the financial freedom they need. 

Loan Amount: ₹10,000 to ₹10,00,000 
Interest Rates: 0% to 36% annually 
Tenure: 3 to 12 months 
Processing Fee: ₹0 to ₹2,000 

Benefits: 

Slice is a credit-line app designed for students and young adults, offering easy access to funds for various purposes. Its low-cost EMI plans are a significant advantage. 

Features: 

• No-cost EMI options. 

• Cashbacks on spending through the slice card. 

• Instant credit approval. 

• No income proof required for students. 

Slice is highly regarded as a student loan app in India, helping students bridge financial gaps with ease. 

7. PaySense  

PaySense is a great option for students who need a medium or large loan, up to ₹5 lakh. The app can tell you if you're pre-approved for a loan, and it's easy to apply. PaySense supports many languages and offers flexible repayment options, making it convenient for students. PaySense helps users easily manage expenses related to education or personal needs. 

Loan Amount: ₹5,000 to ₹5,00,000 
Interest Rates: 1.4% to 2.3% per month 
Tenure: 3 to 60 months 
Processing Fee: 2% to 4% of the loan money 

Benefits: 

PaySense offers a wide range of loan amounts with flexible repayment options, making it suitable for students with varied needs. 

Features: 

• Pre-approved loan offers. 

• No collateral or guarantor required. 

• Minimal documentation. 

• Multi-lingual customer support. 

PaySense is one of the best student loan apps, providing larger credit options for education or lifestyle expenses. 

8. GetItNow  

GetItNow specialises in providing small, quick loans for urgent needs. The app is easy to use and provides money quickly, even if you don't have a long credit history. GetItNow offers flexible repayment plans and low processing fees, making it a practical choice for students. GetItNow is designed to help students find quick solutions to their financial challenges. 

Loan Amount: ₹1,000 to ₹50,000 
Interest Rates: 2% to 3% per month 
Tenure: 15 days to 3 months 
Processing Fee: ₹50 to ₹500 

Benefits: 

GetItNow is designed for micro-loans, catering to immediate financial needs with quick approvals and disbursals. 

Features: 

• User-friendly app interface. 

• Flexible repayment schedules. 

• Secure transactions. 

• Low credit threshold for loan approval. 

GetItNow is an excellent choice for students seeking an instant loan app for students with minimal effort. 

9. Badabro  

Badabro specialises in providing small loans, making it perfect for students who need help managing their daily expenses. The app quickly approves loan applications and easily connects with digital wallets. Badabro rewards students who pay back their loans on time, which encourages them to be responsible with their finances. Badabro is an excellent choice for students who need financial assistance for a short period. 

Loan Amount: ₹1,000 to ₹10,000 
Interest Rates: 0% to 3% per month 
Tenure: 7 to 30 days 
Processing Fee: ₹10 to ₹150 

Benefits: 

Badabro focuses on providing quick loans to students for everyday needs. Its small-ticket loans are perfect for covering short-term expenses. 

Features: 

• Fast approval process. 

• No credit history required. 

• Rewards for timely repayment. 

• Easy integration with wallets. 

Badabro is a reliable student loan app in India for small financial requirements. 

10. Branch  

Branch uses artificial intelligence (AI) to provide instant loans to students who don't have a credit history. Branch has clear policies and no hidden fees, making it a trustworthy option. The app helps students build their credit history while helping them with their immediate needs. Branch is a popular choice for students because it is both fast and easy to use. 

Loan Amount: ₹750 to ₹50,000 
Interest Rates: 2% to 3% per month 
Tenure: 2 to 6 months 
Processing Fee: ₹20 to ₹300 

Benefits: 

Branch offers an AI-driven lending platform, making it ideal for students with no prior credit experience. 

Features: 

• Instant loan disbursal. 

• Credit-building opportunities. 

• Transparent fee structure. 

• No hidden charges. 

Branch is a strong contender among the best loan app for students, providing financial assistance with simplicity. 

Important Considerations When Taking a Student Loan 

Even though student loan apps offer a quick and easy way to get money, it's important to be responsible when borrowing. Here are some key things to consider: 

• Interest Rate: This is the cost at which you take money. Look for the lowest interest rate possible to minimize the total amount you pay back. 

• Repayment Terms: Consider how long you'll have to repay the loan and how much you'll need to pay each month. Pick a repayment plan that works well with your budget. 

• Fees: Be aware of any additional fees associated with the loan, such as processing fees, late payment fees, and prepayment penalties. 

• Loan Amount: Only borrow the amount of money you actually need. Do not borrow more than you can manage to repay comfortably. 

• Eligibility Requirements: Check that you fulfil the loan’s eligibility requirements, such as the age and credit score minimums. 

Additional Tips for Students: 

• Consider Alternatives: Explore other options before taking out a loan, such as scholarships, grants, or part-time jobs. 

• Talk to Your Family: Discuss your financial situation with your family. There’s a chance they can provide financial support. 

• Create a Budget: Develop a budget to keep track of your earnings and spending, ensuring you know what you can afford to borrow and repay. 

• Borrow Responsibly: Only borrow money for essential needs, such as tuition, rent, or textbooks. Avoid borrowing for unnecessary expenses. 

FAQs on Best Loan App for Students

1. Which loan app is best for students?

For students looking for easy and quick loans, mPokket, CASHe, and Pocketly are among the best options. These apps offer small loans with flexible repayment terms, catering specifically to student needs. mPokket is popular for its fast approval process and low-interest rates, while CASHe provides quick loans with minimal documentation. Pocketly also offers instant loans with an easy application process. Other apps like StuCred, KreditBee, and Slice are also great alternatives, providing student-friendly loan options with flexible EMI plans. Always compare interest rates and repayment terms before choosing the best app.

2. How to get 30000 rupees immediately for students?

To get ₹30,000 immediately as a student, you can consider instant loan apps like mPokket, CASHe, StuCred, and Slice. These platforms offer quick loans with minimal documentation and fast disbursal. You just need to meet the eligibility criteria, which often include being a student with a regular source of income, and apply through their respective apps for instant approval and funds transfer.

3. Can students get a personal loan?

Yes, students can apply for a personal loan. There are a lot of apps like KreditBee, Cashe, Pay Sense, etc. that offer personal loans to students.

4. What documents are needed to apply for a student loan?

While many lenders promise instant approval with minimal paperwork, you'll still need to provide documents and complete a KYC form to qualify for this quick loan.

5. What is the interest rate on student loan apps?

Interest rates on student loan apps can vary depending on your eligibility and the lender's terms. They can range from 0% to 36%.

6. Can I get a student personal loan without a PAN card?

Some student loan apps are specifically designed for students who don't have one. However, these loans are typically smaller and may come with higher interest rates. 

7. Are the student loan apps available for 18-year-olds?

Some student loan apps welcome 18-year-olds, understanding the financial needs of young adults starting college.  Always check the app's age requirement to be sure.