What are the stages involved in availing a loan with StuCred®?
The steps to onboard onto the StuCred® platform are:
Registration – Enter your details and the OTPs sent to you. That’s it!
Verification – Scan your Govt ID (Front and Back), college ID card, college document, and submit a video OTP.
Credit Check – We securely run a Credit check to assess your credit profile.
Mandate Setup – Authorize an Mandate to enable smooth repayment from your bank account.
Once onboarding is complete, connect your bank account! You can select your desired loan amount from your approved credit limit. Your money can be transferred into your account in as little as 30 seconds!
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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 ...
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 ...
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 1000 to Rs 15,000 instantly to the users bank account - ensuring one always has 'cash on ...
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 ...
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.