Many students face financial difficulties, but approaching banks or traditional lenders for loans may be ineffective because they typically lend mainly to salaried individuals.
Several companies, however, provide students in India with quick and straightforward rapid loans. In comparison to other types of loans, they can borrow money swiftly online.Here are 5 student-friendly fast loan platforms.
#1 With mPokket, students can borrow as low as Rs. 500
mPokket is one of the most popular venues for college students looking for quick personal loans. Students must download the app and provide photographs of their student identification and Aadhaar card. They can apply for a loan of any amount, starting at Rs. 500, and have it deposited into their bank account or Paytm wallet immediately. Interest rates start at 3.5 percent and repayment choices range from 1-3 months.
#2 KrazyBee Student Credit Platform offers various instant loans
Another wonderful choice for rapid finance that assists college students in times of need is the KrazyBee Student Credit Platform. Cash credit loans for college expenses, e-commerce loans for online purchases, semester loans for college fees, and two-wheeler loans are all available with an EMI option on the platform. Students must present their college ID as well as proof of address. KrazyBee allows you to pay back your loan over a period of up to 12 months.
#3 SlicePay offers instant loans and more
SlicePay is another popular app-based financing platform among students. Students can get quick loans, no-cost EMIs, a SlicePay Card (thanks to a MasterCard collaboration), and pay later services. Students must download the app and register by providing their name, college ID, and proof of address. Both Android and iOS versions of the software are available.
#4 Udhaar Card provides instant short-term loans to students
Udhaar Card - Instant Loan is another good app-only lending tool that helps students meet their necessities with personal loans. It's also available for Android and iOS right now. It offers personal loans for a limited period of time, ranging from Rs. 500 to Rs. 5,000. The loan can be repaid in 1-3 months by students (30-90 days). The loan application, disbursement, and repayment are all completed entirely online.
#5: With RedCarpet, get instant credit to make online/offline transactions
Another excellent app for students is RedCarpet, which offers immediate loans, pay-later options, and a variety of other services. It provides students with interest-free (one-month repayment) loans ranging from Rs 1,000 to Rs 60,000 to help them meet their financial obligations. They can pay their EMIs over three, six, nine, or twelve months.
Conclusion
There's no need to be discouraged if your personal loan application is turned down. To boost your chances of loan approval, simply work on improving your credit report and following the methods outlined above. Once you've completed this checklist, you're ready to submit your personal loan application.To find about the best pricing and deals, call our toll-free number +91-9477079053. They'll help you in every way they can. Please contact me at Instant Loan if you have any more.
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