Do you charge any fees?

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• What is the charge for a failed mandate?

  In case that EMI/mandate is not debited/fulfilled, a penalty of RS. 295/- is enforced. Also, sometimes the system does not enforce penalty month wise, rather it accumulates the penalty for a few months and then debit altogether. If you fail to ...

• How does StuCred's fee structure work?

  Great question! At StuCred, our mission is to empower college students by helping them tackle their financial constraints, not add to them! Therefore, we have altered our fee structure in line with our mission. Financial services generally follow a ...

• Can I make a partial payment and take an extension for the balance amount I need to repay?

  Loan repayments need to be made in full. We charge a minimum fee extending a loan, in case you need it.

• What happens if I don’t pay on time (default)?

  If you are unable to repay the loan by the due date, you can use the extension feature available in the app—provided you apply before the due date. Failure to repay on time will result in a default service charge and a daily late fee. You are allowed ...

• My loan closure transaction is successful, but why has not my loan been closed?

  Kindly send a mail to care@stucred.com with the payment screenshot. We’ll check and update you shortly.