Best Education Loan App in India 2023
Education Loan App in India : In India, you can find lots of education loan apps, but they’re not all the same. Some apps give you a good deal with low interest rates, while others are more flexible about when you need to pay the money back. So, it’s smart to check out a few different apps and pick the one that fits you best.
Here are some top apps in India for getting education loans in 2023
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- mPokket Loan App: mPokket is an app that helps students with quick loans. You can borrow up to ₹20,000. They charge you around 24% interest per year, and you can pay it back in 61 to 120 days. You don’t need to give anything valuable as a guarantee, and you don’t need anyone to vouch for you.
- Pocketly Loan App : Pocketly is another app that gives loans to students. You can get up to ₹50,000 from them. The interest is about 18% per year, and you can repay it within 61 to 120 days. Just like mPokket, you don’t need to put anything valuable at risk, and no one else needs to vouch for you.
- Eduvanz Loan App : Eduvanz is a company that helps students with education loans. You can borrow up to ₹10 lakhs. The interest is around 9.5% per year, and you can pay it back in 3 to 84 months. However, if you need more than ₹2 lakhs, you might have to provide something valuable as a guarantee.
Instant Education Loan App
If you’re looking for a speedy way to get a loan for your education, you’re in luck! There are some easy-to-use apps that can make the process quick and hassle-free. These apps provide rapid approval and fast disbursal of funds, ensuring you can access the money you need without delay.
Here’s a look at some of the best instant education loan apps available in India:
- mPokket Loan App : Among the top choices for instant education loans in India, mPokket stands out. You can secure loans of up to ₹20,000 in just a matter of minutes. All you need is a valid college ID and proof of your address.
- Pocketly: Pocketly is another excellent option for those seeking instant education loans. This app lets you borrow up to ₹50,000 within minutes. The application process is straightforward, requiring a valid college ID and proof of your address.
- KreditBee: If you prefer a personal loan app that also caters to education needs, KreditBee has you covered. You can borrow up to ₹2 lakhs swiftly, typically in just a few minutes.
Education Loan App Without Collateral
If you don’t have any valuable items to secure a loan, that we called collateral, then don’t worry, there are still some education loan apps that can help you out. These apps can provide you with the money you need for your studies, even if you don’t have any collateral to offer. However, it’s important to note that the interest rates on these loans may be a bit higher compared to loans where you provide collateral.
Here are some of the top education loan apps in India that don’t require collateral:
- mPokket: mPokket allows you to borrow up to ₹20,000 for your education without the need for collateral.
- Pocketly: Pocketly offers education loans of up to ₹50,000 without requiring collateral.
- KrazyBee: KrazyBee is not just a personal loan app but also provides education loans without asking for collateral. You can borrow up to ₹2 lakhs for your educational expenses through KrazyBee.
These apps can be a convenient and accessible way to fund your education, especially if you don’t have assets to use as collateral. Just be sure to understand the terms and interest rates before you proceed.
Education Loan App for Abroad Studies
Are you thinking about going to a foreign country for your studies? Don’t worry about the money; there are some cool apps to help you with that. These apps can lend you the money you need to study abroad. Let me tell you about three of the best ones in India:
- Eduvanz: If you need up to ₹10 lakhs for your overseas education, Eduvanz is there for you. It’s like your education finance buddy.
- WeMakeScholars: This fintech company is all about helping students. They can give you a loan of up to ₹1 crore to make your international study dreams come true.
- Avanse: Avanse is a company that deals with money stuff, and they can provide you with loans of up to ₹20 lakhs for your foreign studies. It’s like your financial wingman for studying abroad.
Education loan apps are like super convenient helpers when you need money for studying. They are way better than the old-fashioned methods of getting loans because they’re faster, more flexible, and they don’t charge you as much interest.