Top 8 Best Loan Apps For Students That Provide Instant Loans

Hello Friends, if you are a college-going student and looking for loan apps that provide instant loans which you can use to pay your education bills, then you are at the right place because here we will share some of the best loan apps for students that offer good credit line after verifying some documents.

A student loan is a particular type of loan that helps students pay for their education fees. With the hike in the fees of educational institutions, some students may find it hard to pay fees, buy books and manage living expenses. 

The interest rate in these loan apps is typically lower than other types of loans. You can take an instant loan online using your PAN card and Aadhar card because taking loans from banks can be time-consuming. 

List of the Instant Loan Apps for Students in India

There are 8 best loan apps for students in India that give students instant and small loans.

#1. LazyPay- Pay Later | Credit Score | Credit via UPI

Best Loan App for Students

Lazypay is one of the best loan apps for students, apart from being a reputed and trustworthy payments company, it also assures no need to visit any bank, no collateral is required and your loan can be approved online through verification of some minimal documents.

You need to be 22 years of age or older and have a residence in India to sanction a loan. It is a company launched by PayU India and is one of the easiest and quickest mediums for online transactions.

Interest charged by Lazypay is also quite reasonable based on the loan amount and it will be charged only the amount used by you. The loan amount ranges from Rs. 10,000 to Rs. 1 Lakh. To avail of a loan all you need is to complete your KYC formalities, the documents required are:

  • Proof of Photo ID such as an Aadhaar Card, Passport, etc.
  • Proof of address
  • Details of your bank account
  • Your picture, preferably a selfie.

#2. StuCred – StudentLoanApp

Instant Loan App for Students in India

StuCred is a product of Kroen financials Services Limited, launched in October 2018 with the motive of empowering the education facility for students. This app is reliable to get small loans for students, with a loan amounts ranging from Rs. 500 to Rs. 30,000.

Apart from providing just a loan, it also helps the student to create a credit score that can be easily reported to ‘Credit Information Companies’ periodically, if required. Stuart is actively enrolling in college listings so that students of the particular college don’t have to hassle with sanctioning a loan.

StuCred requires you to be of 18 years or older and unlike other platforms, StuCred charges a 0% interest rate. This app can be easily downloaded from the google play Store and the verification step is quite simple, all you need to submit are:

  • Government ID
  • College ID
  • Video OTP (as per requirement)

With 24/7 customer service, good serviceability and easy verification make it is one of the best Instant Loan Apps for Students in India. 

#3. Campus Manager

Best Loan App for Students

Campus Manager is also one of the Instant Loan App for Students in India, it can be used to borrow loans for educational purposes and college expenses. It is a private financial institute based in Bengaluru, which is registered under the Reserve bank of India.

It also helps you to buy anything from online e-shopping websites without any difficulty. The documents required to apply for a loan are just your college ID and address proof, it provides you with a repayment tenure of 12 months.

The loan amount ranges from Rs. 1600 to Rs. 2,00,000, depending upon the student’s profile and loan history. Interest rates are being charged according to the bank in which you have your account.

Campus Manager asks for age eligibility of 21 years, and you need your personal details and most importantly the mobile number that is linked to your Aadhar Card. With all of its good service and reputation, if you are looking for the best loan app for students then Campus Manager is the best option for you got.

Also Read: 10 Best Note Taking Apps For Students Which Are Used To Take Quick Notes

#4. Pocketly

Instant Loan App for Students in India

Pocketly is a trustworthy app for student loans. Currently, this app is rated 4.3 and has 1 lakh+ downloads. It aims to help students, mainly financially weaker students. This app can be an RBI-registered app and all data will be safe.

The signup process is very simple and the user’s account can be created with just two clicks. The KYC process is also hassle-free. Before giving a loan, the company must know about the user. For this, a user’s  KYC is a must. All the processes for getting credit are paperless.

There is fast approval and fast disbursement of credit amounts. All you have to do is pay the EMI amount on time. Pocketly charges no extra cost. It tells you straightaway what amount you will get in your bank and what amount you have to pay you afterward.

You will be able to transfer funds to your account in a few seconds. The interface is also very impressive and striking.  If you are not able to pay the due amount within the given time, you can extend the date by giving a small fee.

The support team is also very nice and will listen to your queries 24*7. The app always tries to work for its users and make changes.

#5. Slice — India’s best credit card challenger

Best Loan App for Students

Currently, it is trusted by 5 million+ Indians. Anyone above 18 can get a slice credit card in India. You will not need a credit score to get the card. After applying, you will get the card within 5 mins after approval.

Slice is a no-fee VISA card that will help you to buy the stuff that is required when you run out of money. You will have to pay later whenever you want. Slice offers a credit limit from ₹2K to ₹10 lakh and helps you improve & build your credit score.

You can also transfer money from your slice card to your bank account in no time. This card is totally free and comes with no annual fees, no joining fees, and no hidden charges. The amazing part of the app is that it gives up to 2% cash back on every slice card transaction.

You will also get discounts and cash backs if you are purchasing through this card on Amazon, Flipkart, or any other e-commerce site. This app is also very simple to use.

It helps you track and manage your expenses, and get cashback and discounts. You will also get a passbook that will include your spending habits. The customer service is also great.

#6. mPokket: Personal Loan & Instant Student Loan App

Instant Loan App for Students in India

MPokket is one of the best loan apps for students, that offer loans to college students and recent graduates from the college who got a job offer or working in any field as per the condition.

MPokket requires its user to be at least 18 years of age, and should not be of unsound mind. If you are looking for small loans for students, then this app is a perfect fit.

It provides a loan amount of Rs. 5,000 to Rs. 10,000 to college students and an amount of Rs. 1,000 to Rs. 20,000 for graduation pass-outs.

Apart from the interest rate which is around 1% to 6% per month, MPokket charges a loan processing fee of about Rs. 34 to Rs. 203 +18% GST. With minimal document verification steps, MPokket can be considered one of the best loan apps for students. MPokket mainly focuses on making the youth of India financially responsible and independent.

Also Read: 10 Best Genuine & Legit Money Making Apps For Students in India

#7. KreditBee: Instant Credit App

Best Loan App for Students

KreditBee is one of the best loan apps for students in India, and it will instantly approve loans up to 2 Lakh after KYC is complete. It will charge an interest rate of up to 0% to 29.95% per annum. If you want an instant loan to clear your education dues, then you can consider KreditBee as a loan app.

It will give 62 days to 15 months to repay your loan with minimum interest, if you repay on, then it will charge 0 to 5%, but if you take a loan for more than a year, then it will charge up to 29.95%.

To Apply for a loan, you need to have some documents like Pan Card, Aadhar Card, and photo. Also, your aadhar card link with a mobile number because it can complete by verifying OTP.

You can get money instantly in your bank account after approval; also, you can repay the loan amount in easy EMIs. You need a good credit score to take a loan from KeditBee App, and your age must be 21 or above.

#8. Simpl Pay Later

Instant Loan App for Students in India

Simpl Pay Later is the best app to clear your online bills because it is the best loan app for students that offers loans in various fields. You can take a loan to repay your dues like online bills, shopping bills, rent, medical bills, and many more.

You can use its Buy Now pay later features to get the product instant without any interest, and you can repay after 15 days in easy installment. This is important for every student who requires instant loans with minimum interest.

To apply for a loan, you need some documents such as Pan Card, Aadhar Card, and Bank Details. After approval, you get a credit line in the app, which you can use to repay your bills. It can support 4500+ merchants online and offline in India.

If you are looking for an Instant Loan App for Students in India, Simpl Pay Later is the best option nowadays.

Also Read: 10 Best Phones For Students Study Purpose


This article provides detailed information about some of the best loan apps for students. These loan facilities are provided to you for your betterment and to remove hurdles in your education path. Kindly don’t misuse it.

You might find an endless number of reasons and an urge to spend money on various high-priced stuff like laptops and smartphones, clothes, accessories, etc. But don’t be careless when it comes to money. 

Therefore utilize your loans precisely and repay them on time.

So, friends, the article on the best loan app for students ends here; if you like this article, then share it with your friends, and if you have any questions related to this article do comment.


What are the best loan apps for students in India?

List of the Instant Loan Apps for Students in India.

1. Lazypay
2. StuCred
3. KrazyBee
4. Pocketly
5. Slice
6. mPokket
7. Simpl

Can a student get a personal loan in India?

Yes, students can get a personal loan to repay education fees or any medical emergency. There are many online and offline mediums available that offer personal loans for students at minimum interest. Also, You need a good credit score to take a personal loan.

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