10 Best Student Loan Apps in India 2022

10 Best Student Loan Apps in India to help you get that education and pay for expenses.

With GenZ and millennials pursuing their dream careers that they actually care about; they do not want to be bogged down by the idea of having to listen to their parents about how their money is being wasted.

They want to be in control of their finances so that they can dream big, go big and then go home if need be. This fearless attitude is fuelling the rise in the use of student loan apps where you get to determine the terms of your money, and how you want to spend it and repay it. Fortunately, there are some Student Loan Apps that make this possible.

We have come up with options that can help you make the right choice when selecting a top student loan app as they either cater to giving you education loans without collateral or they cover personal needs through small finances. Don’t worry, we have you covered!

Here is our hand-picked list of 10 Best Student Loan Apps in India that is empowering the youth.

1. Branch

One of the leading personal finance service providers, its mission is to deliver world-class financial services to the mobile generation. They have come up with their student loan app in India. Basing out of Tanzania, Mozambique, and Nigeria.

Using machine learning to determine creditworthiness and using smartphone services, they are making loans easy and accessible. Sed by over 4 million customers, 21million + loans issued and 600 million+ dollars disbursed, they have made a name in the student loan app world.

How does it work?

It is for people with little to no credit history or savings so using alternative data, they make lending decisions. It is as simple as 1, 2, 3. Download their student loan app, create your account, apply for the loan you need, and receive the money. They have very low monthly interests, with 4-52 weeks loan terms, and as low as 1.7% monthly interest.

Website: Branch – Digital Bank & Loans

2. Creditjunior

It is India’s 1st student credit card and loans platform. They believe students can start building their creditworthiness as soon as they turn adults. It is exclusively for students.

They do not have late fees, with every repayment, your credit limit is doubled and with cashback and rewards, you can keep reducing your bills.

Featured in Economic Times, Yourstory, and Times of India, this should be the top student loan app you should be using.

How does it work?

With limited paperwork, instant approval, and 5-minute disbursement, and simple documentation and onboarding process, specially designed for students. This student loan app does not have late fees, with every repayment, your credit limit is doubled and with cashback and rewards, you can keep reducing your bills.

Website: Credit Junior : Student Loans, Student Credit, Student Finance

3. mPokket 

mPokket is one of the best student loan apps that has been designed keeping in mind young professionals and college students to overcome the month-end cash crunch. Making loan applications a paperless and simple process, getting a student loan is a cakewalk with this app.

How does it work?

In 8 simple steps, you can get an instant loan. With low-interest rates and quick availability of cash alongside no long-term EMI commitments. With over 7 million + downloads, and 2 million + satisfied customers, it is creating waves in the right sense.

Countering problems of traditional loans such as the need for collateral or the risk associated with a longer repayment tenure, mPokket works like the modern student’s instant loan companion.

Website: mPokket: Best Instant Loan App for Students and Salaried

4. Eduvanz

Eduvanz was founded in 2016 with the mission to empower students to make educated and informed decisions by providing free financial resources and unbiased advice.

This student loan app is the right step towards that dream education that you want to fund for yourself. Featured in leading dailies, it is backed by Aditya Birla Capital and Fullerton India. With over 100 verified training partners, easy and convenient loans across 20 cities. The loan gets disbursed to your institute as you repay in flexible EMIs.

How does it work?

You can use your utility bills, address proof, and no collateral for availing of the loan. You can do the necessary documentation online. Moreover, it has benefits for the training partner by reducing dropouts due to easy financial assistance and increased enrolments.

Website: Eduvanz: Low Interest Education Loan Providers for Students

5. Sahukar 

This is an app-only lending platform. It takes care of simple needs like gifting that special someone and going out for a treat with friends. Sahukar gives personal loans ranging from Rs 500 – To Rs 5,000 for periods such as 1 month, 2 months, or 3 months to students to meet their short-term financial goals.

Since students are not used to having a Credit Score and are thereby denied loans by financial institutions, they are provided with a Sahukar Score, a proprietary algorithm developed by its founders. This helps unclutter the complexities to get a loan.

The documentation, loans disbursal, and repayment are all done digitally, with no lengthy paperwork or human interaction.

How does it work?

Login with your mobile number, complete your profile, send them a request for the amount and duration and repay in 30-60-90 days. It cannot get any better than this. Go ahead and indulge yourself in the small pleasures of life. 

Website: Sahukar – Ek Click, Paise Quick

6. Pocketly 

Targeted toward the youth of India, Pocketly student loan app comes in handy for short-term personal loans. The main aim of Pocketly is to make students financially independent so that they can completely focus on their education.

When taking a loan from any other traditional lending institution, the main problem that a student faces is giving up some collateral which is not the case with Pocketly as we do not demand any type of collateral.

How does it work?

After extensive research on user experience, the sweet spot is 2 clicks. With minimal KYC, good behavior perks with incentivizes credit discipline, flexible loan amount and digital documentation, and no hidden charges or convenience fee, it is truly a user-oriented experience for personal loan applications. With the amount capped at 10,000, your spending can also be reined in. 

Website: Pocketly – Credit for Young India

7. StuCred 

Instant credit with 0% interest? This is dream come true for college students like heaven has opened up for them. Over 2 lac students using this app to meet their small-time money needs, this app has been featured in Outlook Money, Business Standard, and Yourstory as a path-breakingly simple way to meet personal loan demands through this top student loan apps.

How does it work?

You get registered, link your virtual payment address, and avail of your loan anytime – like a breeze. You get a credit limit of up to 30,000. So go sign up and check it out for yourself.

Website: StuCred: Instant Loan App for College Students in India

8. BadaBro

BadaBro is a mobile app-based platform that provides Instant loans for Salaried Professionals and College Students (from recognized educational institutions). The loans availed are instantly credited to your Bank account/Paytm wallet.

How does it work?

It is available for anybody over 18, who is an Indian citizen, with a valid KYC, bank account, and Pan card. Upon successful Profile completion, the approval process may take up to 24 hours under normal conditions. Choose loan amount and number of EMIs in the Badabro app. BadaBro credits your Bank/Paytm account instantly.

Website: BadaBro – Instant Loans for College Students

9. Credy

Credy is a Hassle-free financing student loan app service. They have a Scofit meter to monitor and improve the credit score and creditworthiness and you can also refinance your credit card bill. You can combine multiple credit card bills and pay just one bill.

This is going to help you track your expenses. With 1% interest rates for loans up to 50,000, it truly is the best way to start your student loan.

How does it work?

They have a paperless documentation process and you can convert college and coaching fees into EMIs, alongside money for medical emergencies.

Website: Credy – Instant Loan

10. Avanse

With loan amounts between 10 to 75 lacs and 100% finance for course fees and other expenses, this student loan app does quick sanction within 72 hours. For abroad studies, it also covers travel and living expenses. They have secured and unsecured loan options (up to 75 lacs).

How does it work?

They have a simple fill-up form that asks you to mention the status of your college application and through a personalized counselor, you can discuss your options and avail of the loan.

Website: Avanse: Education Loans – Apply for Student Loan Online


Student loan apps are increasingly becoming user-friendly, accessible, and more sensitive to the needs of the students who use them. With the hallmark of trust and transparency, they have managed to bring in a unique space for the youth that can avail of credit to build their dreams and do more. 

If you feel you are being held back and you want to explore options, go ahead, and download any of the student loan apps mentioned above. With these student loan apps, be in control and give wings to your dreams. 

Do share this article with your college mates, and friends who are suffering from similar dilemmas and show them the way. Do let us know what you think of this article and whether there are others that we should cover, we will do that! 

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Hi, I am Shivam, the founder of BrainyWit and a Digital Marketing Consultant who is passionate about creating value-based marketing strategies for ambitious & progressive businesses. A seasoned marketer with expertise in Search Engine Optimization, Search Engine Marketing, and WordPress Website Development.

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