1. What is Slicepay?

Slicepay is a digital payment platform for the students. They can purchase products on credit without any collateral. The students can purchase or avail themselves of everyday products and services and can make flexible monthly payments.

2. How does Slicepay work?

The process of Slicepay is pretty easy and simple. It begins with the signing up of the user on the platform. The step two will be uploading required documents for the verification process and selecting the preferred payment plan.

, The Ultimate Guide To Apps That Give Instant Loan To Students Like Slicepay., Techweblabs - Web Development | Mobile App Development | Hyderabad

After completing all the above steps the user will receive a credit card limit which can be used to shop online and offline as well.

3. Below are the TOP 5 apps that provide Credit to students.

3.1. SlicePay.

Slicepay is a partner of Mastercard which offers loans/credits to students with no-cost EMIs. YOu can download the app, signup and submit your college ID and address proof for being eligible for it. You can pay using UPI, net banking or debit card.

How to Apply?

  • Download SlicePay loan app
  • Register for the membership by submitting the proof
  • Log in to your account
  • And complete an on-site verification process to activate the card.

3.2. KrazyBee.

KrazyBee app can be used to borrow loans for college expenses. It is so simple, that you just have to submit your address proof and college ID to be eligible for loan.

You will also get a long 12 months repayment tenure. It is known as one of the India’s largest Student Credit Platforms.

, The Ultimate Guide To Apps That Give Instant Loan To Students Like Slicepay., Techweblabs - Web Development | Mobile App Development | Hyderabad

Features of the App:

  • Hassle-free financing with doorstep service
  • Pay in easy EMIs
  • Minimal documentation
  • Low down payment
  • Less processing time
  • Partnership with the leading brands.

Eligibility

  • You should be a minimum of 18 years
  • You must have enrolled yourself for a full-time degree or non-diploma course in a recognized university
  • Your college must be listed in the approved set of colleges
  • Your graduation date should be 3 months before the loan application

3.3. mPokket

Students can use this app for getting instant loans. You just have to download the app and upload your photos and ID proof. 

In this app you can get the loan from 500 INR to 20,000 INR which gets credited to your bank account and can be repaid within the next 1-3 months with the interest of 3.5%.

Eligibility

  • You should be a minimum of 18 years
  • You must have enrolled yourself for a full-time degree or non-diploma course in a recognized university
  • Your college must be listed in the approved set of colleges
  • You must have a bank account to apply for this loan.

, The Ultimate Guide To Apps That Give Instant Loan To Students Like Slicepay., Techweblabs - Web Development | Mobile App Development | Hyderabad

3.4. BadaBro

Using this app BadaBro students can borrow instant loans and become financially independent for their educational expenses.

They can repay the loan within the given or mentioned tenure time. The amount given as credit will depend upon the student eligibility.

Eligibility

  • You should be a full-time college student
  • Age should be 18 years or above.
  • Graduation date must be 3 months before the date of application.

Documents Required

  • Aadhaar Card
  • College ID Card
  • Latest Mark sheet
  • Money receipts issued by your college

How Does it Work?

  • Download Badabro App
  • Upload the documents
  • Wait for approval and the credit limit is assigned to you. You will be notified via SMS or mail for the same.
  • Select the loan amount, tenure and Bank or Paytm account where the loan will be disbursed
  • Repay the loan using Debit Card, Paytm wallet or UPI.

, The Ultimate Guide To Apps That Give Instant Loan To Students Like Slicepay., Techweblabs - Web Development | Mobile App Development | Hyderabad

 

3.5. Sahukar

Last but not the least, this app provides loans for students of amounts ranging from 500 INR to 5000 INR. You can repay the loan within the discussed tenure time with 3% interest.

Key Features of Sahukar:

  • Instant disbursal to your Bank or Paytm account
  • 24/7 Access
  • Flexible EMIs for 30 to 90 days

, The Ultimate Guide To Apps That Give Instant Loan To Students Like Slicepay., Techweblabs - Web Development | Mobile App Development | Hyderabad

4. How do you pay for your Slicepay app?

You have to make the payments on or before  5th of every month in the repay section of Slicepay app. You can use any mode of payment like UPI, net banking or debit cards.

5. Why should students use loan apps?

If you are a college student or a freelancer, it is not always possible that you might have all the money you need.

You can ask your parents, but you may feel hesitated. During that time, these student loan apps will help you.

They offer instant loans with minimum documentation and interests. They also offer many cashback offers and EMI options.

They also offer a referral program through which you can refer the app to your friends and family. Then you both can receive a little amount of 500 INR as a token of appreciation.

, The Ultimate Guide To Apps That Give Instant Loan To Students Like Slicepay., Techweblabs - Web Development | Mobile App Development | Hyderabad

, The Ultimate Guide To Apps That Give Instant Loan To Students Like Slicepay., Techweblabs - Web Development | Mobile App Development | Hyderabad

6. What happens if you don’t repay SlicePay credit?

The slicepay card doesn’t have a minimum amount due unlike other credit cards. If you don’t pay within the given time period then you are given a 5 days time period to pay the amount.

On the fifth day, your bill will be converted into EMI and you can choose any repayment method upto 12 months.

7. Is SlicePay only for students?

Slicepay is an app which is highly popular for college students. It is an app that provides credit cards for the students studying in selected cities like Pune, Chennai, Bnalglore, Vellore, Hyderabad and Mumbai. 

The best thing is you don’t need your parents approval. You just need to fill in your details and upload documents and the process is done.

8. Conclusion:

We’d like to say a caution before we conclude. As a college student you might be a little careless about money or repayment.

But doing like that will definitely end your savings even before starting it. There can be many things you want to buy like laptops, mobile phones and many more. Make sure to avail loan properly and repay it on time.

Published On: September 18th, 2021 / Categories: Uncategorised / By / 0 Comments /

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