- Avail of Personal Loan from Stucred app. Designed especially for students in need.
Stucred is an app that offers short-term, interest-free loans for college students in India. To avail of a loan from Stucred App you must follow the below steps :
• Download the app and register on it by providing your details, college information, and KYC documents.
• Link your VPA/UPI that is connected to your bank account to the app. This will enable you to avail and repay loans easily.
• Choose the amount and tenure of the loan. You can take loan from Rs 1000 to Rs 10,000 for 60 to 150 days.
• Receive the loan amount in your bank account within 60 seconds after approval.
• Repay the loan on time through the app to avoid penalties and improve your CIBIL score.
Stucred is a secure and convenient way to get pocket money loans for students. Also it provides cash rewards if you reffered it to your friends.Also they are having some paid contest where you can participate to earn the money.
What are the eligibility criteria for Stucred loans?
Based on the official website the eligibility criteria for Stucred loans are:
• You must be a college student enrolled in an undergraduate or postgraduate course in India.
• One must have an OVD (original valid documents ) for KYC verification such as an AAdhar card and PAN card for verification purposes.
• You must have a bank account linked to a VPA/UPI for loan disbursal and repayment.
If you meet these criteria, you can register on the Stucred app and apply for a loan up to Rs 10,000.
How long does it take to get a loan from Stucred?
Based on the official website the verification process can be completed within 5 minutes if you have your government ID and college ID on hand. After verification, you can receive the loan amount in your bank account within 60 seconds after approval. They have taken a maximum time of 24-hour hours to process the loan and disburse it to your Bank account
What is the repayment period for Stucred loans?
The repayment period for Stucred loans depends on the amount and duration of the loan you choose. The minimum loan amount is Rs 1000 the maximum loan amount is Rs,10,000 and tenure varies from 60 to 150 days. You will get a notification SMS or mail reminding you of the repayment. You can close the loan at any time during the tenure by paying all the pending dues. If you repay the loan before the due date you can improve your credit score quickly.
What is the interest rate for Stucred loans?
The stucred company provides interest-free loans and their customers are college-going students who are always in need of money for different purposes. You don’t have to pay any extra amount on the principal amount you have borrowed from the App. But the loan has a service fee of 6% which they have charged to maintain the Application and for customer support. This charge is added to the loan amount which needs to be paid during the loan tenure by the customer.
For example, if you borrow Rs 1000 for 60 days, you will have to repay Rs 1060 at the end of the period.
What is the maximum amount I can borrow from Stucred?
The maximum amount of loan disbursed to the Stucred app is Rs.10,000/-. But it is dependent on your repayment history and CIBIL score which determine your credit limit. You can check your credit limit in the application only.
How can I contact customer care at Stucred?
There are several ways to contact the customer care at Stucred
If you are facing any issue kindly create a ticket by clicking on the Help icon on the
• Start a live chat with them by tapping on the Chat icon on the bottom right corner of the app screen.
• Email them at care@stucred.com.
• Call them on 044-46271122.
The customer care team is always happy to help you with any queries or issues you may have.
