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My loan extension transaction is successful, but why has not my loan been extended?
Your StuCred loan extension charge is not yet credited to our bank, because our bank is yet to confirm the deposit status. Sometimes, due to technical issues at the bank, money transfer gets delayed. In these cases, Banks take upto 3 working days to ...
What is the loan tenure?
Loan tenures can be upto 90 days, including extensions. There are no charges for pre-payment.
How do I repay the loan?
Repayment may be completed at any time within the tenure, and can be done through the loan page on the app. Easy! Alternatively, Also, Simply press the 'Repay' button on the Loan Page to close your loan. Easy!
My loan extension transaction has failed, but money has been debited from my bank a/c.
Sometimes, due to technical issues at the bank, money transfers fail. In these cases, Banks take upto 7-10 working days to refund the amount back to payer bank a/c. In case your loan extension transaction has failed, but money has been debited from ...
How is the money/loan disbursed?
Approved Loan of an applicant will be disbursed securely directly into VPA (a.k.a UPI ID) entered by them on the StuCred app.