What are the best personal loan in Delhi for students?

Posted by Ajit Samal on November 25th, 2020

As a student, when you need financial help, you may not have several options apart from friends and family. However, the internet has open many doors for everyone who seeks the help. So, if you are a student looking for personal loan in Delhi, you have come to the right place. 

So, today in this post, we are going to tell you about some lenders in the online financial marketplace offering instant loan to students while charging minimal fee. As a student, you do not need extravagant features such as Personal loan balance transfer. We will focus only on the essential details. 

KrazyBee

KrazyBee is the first online loan app for students in India. It is the largest credit platform for students in India working on the philosophy of ‘Buy now and pay later’. If you need personal loan to buy electronic gadgets or to do shopping, surely it is the best app lender. 

• KrzayBee offers the personal loan up to Rs 50,000.

• The rate of interest is up to 3% monthly. 

• The loan tenure is from 3 months to 1 year.

• The processing fee depends upon the loan amount.  

The eligibility criteria for the loan

• The borrower must be a college student above 18 years of age

• The borrower must be enrolled in full time course

• The borrower’s college must be listed on KrazyBee approved colleges

• The borrower must be 3 months away from the graduation date

The required documents for the loan

• College ID Proof 

• Identity proof ( Aadhar card, Voter ID card) 

• Address proof ( Driving licenses, Passport) 

• Signature

Features of KrzayBee personal loan

• The services have doorstep delivery

• It requires minimal documentation

• It has partnered with leading brands such as Amazon and Flipkart

How to apply for KrezyBee personal loan in Delhi? 

• First download the KrazyBee app from the Google play store. 

• Upload the required documents for verification

• Once the verification is completed, the loan amount is disbursed

As you can see, it offers the sufficient loan amount, however the rate of interest may seem higher for a persona loan in Delhi. Now, let’s check out the next lender. 

mPokket – Best instant loan app for students

mPokket aims is to bridge the gap between the borrowers and the lenders. In a quick span of time, it has become famous due to it easiness and transparent procedure. 

• mPokket offer personal loan from Rs 500 to Rs 20,000.

• The rate of interest is from 1% to 6% monthly. 

• The loan tenure is from  60 days to 90 days. 

The eligibility criteria

• The borrower must be a college student. 

• The borrower must be an Indian citizen.

• The borrower must be above 18 years of age

Documents required for the loan

• A passport size photograph

• Identity proof 

• Address proof

• Bank account details

Features of mPokket instant personal loan

• It offers instant cash in an emerngency

• The repayment tenure are flexible

• The application process is completely digital thus paperless.

• There are rewards and cashback for using the app.

How to apply for mPokket Personal loan? 

• Download the mPokket app from the Google play store. 

• Upload the documents such as Identity proof and address proof

• Apply for the loan.

• After the verification, the loan amount is disbursed. 

• It could 2 to 4 days to do it. 

mPokket has certainly curated a space for itself in recent years. It is one stop to get an instant loan without any issues. Let’s see which lender is next. 

Sahukar – Instant loan for college students

Sahukar is the new digital lender platform focusing on offering pocket money to the needy students. It is an RBI registered NBFC. 

• It offers personal loan from Rs 500 to Rs 5,000. 

• The rate of interest is 3% per month.

• The loan tenure is up to 3 months. 

The eligibility criteria

• The student must be above 18 years.

• The student be a college student. 

Required documents

• The identity proof  ( Aadhar card, PAN card) 

• Address proof

• A selfie

How to apply for It? 

• Download the Sahukar app from the Google play store.

• Register on it via your mobile number.

• Fill out the personal details.

• Select the loan amount, the duration and submit.

• Get the loan amount into your bank account. 

Bottom line

These are three apps KrazyBee, mPokket and Sahukar offering personal loan in Delhi to students. Everyone of these app offer fantastic services. However, as a student before you get the loan amount, you should always read the loan documents very carefully to know the terms and conditions of the loan.