Best Loan Apps for Students Without Income in India (2025)

In 2025, many students in India need small loans for college fees, online courses, laptops, mobile phones, travel expenses, hostel charges, or emergency situations. But the biggest problem is:

Most students don’t have a job or income proof, and regular banks usually reject loan applications.

The good news?
Several loan apps in India now offer small loans to students without income, using KYC + digital checks instead of salary slips.

This guide shares the best student loan apps, eligibility, features, interest rates, pros & cons, repayment tips, and mistakes to avoid.

Best Loan Apps for Students Without Income in India 2025

Rank	Loan App	Loan Amount	Best For
1	KreditBee	₹1,000 - ₹1,50,000	Students needing quick personal loans
2	StashFin	₹1,000 - ₹5,00,000	Students needing flexible credit line
3	mPokket	₹500 - ₹45,000	College students with no income
4	SmartCoin	₹1,000 - ₹70,000	Beginners with low credit score
5	Pocketly	₹500 - ₹20,000	Instant student loans for daily needs
6	MoneyTap	₹3,000 - ₹5,00,000	Students who can use a credit line
7	LazyPay	₹500 - ₹1,00,000	Pay Later + personal loans
8	Kreditzy	₹1,000 - ₹50,000	Students with no CIBIL
9	NIRA	₹5,000 - ₹1,00,000	Students with part-time income
10	Freo Pay	Up to ₹10,000	Zero-interest small spends

1. KreditBee – Best Fast Loan App for Students

KreditBee is one of the most trusted apps for small personal loans.

Features:

• Loan from ₹1,000 to ₹1,50,000

• No salary slip required for small loans

• Approval in minutes

• Money directly to bank account

Eligibility:

• 18+ age

• Aadhar + PAN

• College ID or self-declaration accepted

Pros:

• Fast approval

• Works for students

• Low documentation

Cons:

• Higher interest for low amount loans

Best For:

Students need emergency loans.

2. StashFin – Best Credit Line for Students

StashFin offers a credit line, meaning you borrow only the amount you use.

Features:

• Credit limit up to ₹5 lakh

• No income needed for small limits

• Free virtual card

Pros:

• Flexible repayment

• Good for regular student expenses

Cons:

• Harder to get a high limit for beginners

Best For:

Students paying monthly college or living expenses.

3. mPokket – Best Loan App Made for Students

mPokket was designed mainly for college students, making it perfect for those without income.

Features:

• Loan ₹500 - ₹45,000

• Simple KYC

• Quick approval

Pros:

• Student-friendly

• Very small loans available

Cons:

• Higher processing fee

Best For:

Students need very small loans.

4. SmartCoin – Easy Loans Without Salary Slip

SmartCoin lends to users with no job, low income, or no credit history.

Features:

• Loan ₹1,000 - ₹70,000

• Fast disbursal

• No income proof required

Pros:

• Good approval rate

• Beginner-friendly

Cons:

• High interest rate for small loans

Best For:

Students are new to loan apps.

5. Pocketly – Instant Short-Term Loans for Students

Pocketly is very popular among students needing quick cash.

Features:

• Loan ₹500 - ₹20,000

• Instant transfer

• Only KYC required

Pros:

• Made for students

• Fast approval

Cons:

• Short repayment time

Best For:

Students need small, daily-use loans.

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6. MoneyTap – Personal Credit Line for Students

MoneyTap offers a revolving credit line that students can use anytime.

Features:

• Loan ₹3,000 - ₹5,00,000

• No income needed for small limits

• Credit card-like flexibility

Pros:

• Very user-friendly

• Borrow anytime

Cons:

• A High limit may require income

Best For:

Students who want flexible credit.

7. LazyPay – Pay Later + Loan Option

LazyPay gives both Buy Now Pay Later (BNPL) and personal loans.

Features:

• Loan ₹500 - ₹1,00,000

• Cashback offers

• Easy KYC

Pros:

• Good for online shopping

• Fast approval

Cons:

• Late fees are high

Best For:

Students who shop online often.

8. Kreditzy – No Income & No CIBIL Loans

A new and growing loan app is good for students with no financial history.

Features:

• Loan ₹1,000 - ₹50,000

• No income proof required

• Fast online approval

Pros:

• Quick approval

• Beginner-friendly

Cons:

• Slightly higher fees

Best For:

Students without a CIBIL score.

9. NIRA – Best for Students With Part-Time Income

NIRA works well for students who earn small amounts from part-time jobs, freelancing, tuition, etc.

Features:

• Loan: ₹5,000 - ₹1,00,000

• Simple KYC

• Approval within minutes

Pros:

• Decent limit

• Helpful for side-earners

Cons:

• May ask for any proof of income

Best For:

Students with some part-time income.

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10. Freo Pay – Zero-Interest Small Loans

Freo Pay is not a loan app but a 0% interest Pay Later app.

Features:

• Limit: Up to ₹10,000

• No income needed

• Instant activation

Pros:

• Zero interest

• Great for small expenses

Cons:

• Low spending limit

Best For:

Students need small interest-free credit.

Eligibility Criteria for Students

Most loan apps require:

• Age: 18+ years

• Indian residence

• Valid Aadhaar + PAN

• Bank account

• Phone number linked with Aadhaar

Some apps may ask for:

• College ID

• Part-time income proof (optional)

Documents Required

Students only need:

• Aadhaar card

• PAN card

• Selfie

• College ID (only for apps like mPokket / KrazyBee)

• Bank account details

How Much Loan Can Students Get Without Income?

Loan apps give students:

• Minimum: ₹500 - ₹2,000

• Average: ₹5,000 - ₹20,000

• Maximum (a few apps): ₹50,000 or more

The amount increases as you repay on time.

Tips to Get Loan Approval Faster

• Use your primary phone number (Aadhaar-linked)

• Submit clear documents

• Maintain good digital behaviour

• Repay on time to increase limit

• Avoid applying to 4-5 apps at once

• Keep your CIBIL clean (if you have a history)

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Risks of Taking Loans as a Student

While loan apps are useful, be careful:

• High interest rates

• Late-payment penalties

• Over-borrowing can cause stress

• Fake loan apps can scam users

Always download loan apps from official websites or the Play Store.

Safe Alternatives for Students

If you want to avoid loans, try these:

• Apply for scholarships

• Try freelancing (writing, design, social media)

• Look for part-time jobs

• Use BNPL apps instead of loans

• Ask parents/relatives for short-term help

Loans should be the last option, not the first.

Common Mistakes Students Should Avoid

Students often make small mistakes that lead to loan rejection or high penalties. Avoid these:

1. Taking multiple loans at the same time

This increases your risk and can damage your financial profile.

2. Missing repayment dates

Late payments cause extra charges and reduce future approval chances.

3. Borrowing more than you actually need

Always take the minimum amount necessary to avoid repayment stress.

4. Using fake or unclear documents

Loan apps can ban your account permanently for incorrect KYC details.

5. Downloading unknown or fake loan apps

Always use official Play Store apps to avoid scams.

Conclusion

Getting a loan as a student without income is possible in 2025, thanks to student-friendly loan apps like KreditBee, mPokket, Slice, KrazyBee, and Freo Pay. These apps provide small, instant loans using simple KYC and no salary slip.

However, students must borrow responsibly, repay on time, and avoid taking multiple loans. Used wisely, these apps can help manage emergencies, education needs, or personal expenses without financial stress.

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FAQs – Student Loan Apps Without Income (2025)

Q1. Can students get loans without income?

Yes, many apps like mPokket, KreditBee, and Slice offer loans without salary proof.

Q2. Which app is best for students?

mPokket is best for small loans, KreditBee for slightly larger loans, and Slice for credit limits.

Q3. Can an 18-year-old student get a loan?

Yes, if they have Aadhaar, PAN, and a bank account.

Q4. Is income proof required?

No, most student loans do not require income proof.

Q5. Are these apps safe?

Yes, if downloaded from official sites or the Play Store.

Q6. What is the interest rate?

Interest varies from 12% to 36% depending on the app.

Q7. How fast is loan approval?

Most apps approve loans within 5-10 minutes.

Q8. Do student loans affect credit score?

Yes, paying on time improves your credit score, late payments damage it.