Higher education in India is becoming increasingly expensive. From tuition fees and hostel charges to books and study material, students often need financial help to continue their education. That’s where student loan apps in India come in. These apps provide quick and convenient access to funds, making it easier to manage academic and personal expenses.
If you’re searching for the best loan app for students, this guide will help you compare the top options, their benefits, and what to consider before borrowing.
Table of Contents
Why Choose a Student Loan App in India?
Unlike traditional bank loans, a student loan app offers:
- Instant loan for students with minimal paperwork.
- Easy online application – no need to visit branches.
- Flexible repayment options – some apps allow EMIs after studies.
- Loan tracking – check your application status anytime.
This makes them one of the most practical choices for college students in India.
Best Loan Apps for Students in India
1. KreditBee – Best for Small Student Loans
- Loan Amount: ₹1,000 – ₹2,00,000
- Features: Quick disbursal, flexible repayment, instant loan for students.
- Why It’s Good for Students: Helps manage college fees, hostel rent, or emergency costs.
2. mPokket – Popular Loan App for College Students
- Loan Amount: ₹500 – ₹30,000
- Features: Specially designed for students, fast approval, money directly in bank account.
- Why It’s Good for Students: Perfect for covering daily needs, books, or exam fees.
3. PaySense – Student-Friendly Loan App India
- Loan Amount: ₹5,000 – ₹5,00,000
- Features: EMI-based repayment, low documentation.
- Why It’s Good for Students: Ideal for part-time or working students who need bigger loans.
4. Kreditzy – Quick Student Loan App
- Loan Amount: Up to ₹2,00,000
- Features: Same-day approval, simple process.
- Why It’s Good for Students: Helpful for short-term educational expenses.
5. Bajaj Finserv App – Best Loan App for Higher Education
- Loan Amount: Up to ₹25,00,000
- Features: Flexible tenure, trusted NBFC, education loan option.
- Why It’s Good for Students: Best for higher studies or studying abroad.
Things to Check Before Using a Student Loan App
When choosing the best loan app for students in India, keep these points in mind:
- Interest Rates & Charges – Compare before applying.
- Repayment Terms – Look for flexible EMIs or post-study repayment.
- Loan Amount Limit – Pick based on whether you need small instant loans or big education loans.
- App Credibility – Always use RBI-registered apps or NBFC-backed platforms.
- Hidden Costs – Carefully read terms before applying.
Final Thoughts
The best student loan app in India depends on your financial need:
- For small emergency loans, mPokket and KreditBee are great options.
- For large education financing, Bajaj Finserv or bank-backed loan apps are better.
Choosing the right loan app for students helps reduce financial stress and lets you focus on your studies. Always borrow responsibly, compare interest rates, and apply only for what you need.
