How does StuCred's fee structure work?

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 fee structure of:-
Total fees = interest rate + service charge.

However,
StuCred total fees = Service charge.

No interest is charged on any loans borrowed.

We levy only this minimal charge for maintenance of the application and to provide you with 24/7 customer support. That's a win win situation, right?
Our maximum annual percentage rate is (APR) - 72%.





    • Related Articles

    • Loan credit transaction failed, but new loan has been created in my StuCred profile.

      If the transaction has failed and the money has not been received in your linked bank a/c, but, a new loan has been created in your StuCred profile, the following steps could help: Refresh the app borrow page by pulling page down to refresh. Checking ...

    • What are the stages involved in availing a loan with StuCred®?

      What are the stages involved in availing a loan with StuCred®? The steps to on board onto the StuCred® platform are:- 1. Registration - Enter your details, and the OTPs sent to you. That’s it! 2. Verification - Scan Govt ID (Front and Back), college ...

    • The loan credit transaction is successful but a loan has not been created in my StuCred profile yet.

      If the loan credit transaction is successful and the money has been received in your linked bank a/c, but, a loan has not yet been Credited in your StuCred Account, the following steps could help: · Refresh the app's 'Home' page by pulling the page ...

    • Who can use StuCred®?

      Currently, StuCred is available to college students ( 18 years + ) actively enrolled in specified colleges in India. Click here to check if your college has StuCred!

    • What is StuCred?

      StuCred is a secure digital platform offering short term loans to empower and educate the student community in India! We offer credit within the range of Rs 500 to Rs 30,000 instantly to the users bank account - ensuring one always has 'cash on ...