What if I don't need to take a loan right now?
StuCred is a great way to keep an available credit limit to use whenever and wherever you need it! Once your verification is approved and credit limit set, you can choose when you want to take out the loan and will only be charged for the amount you use!
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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 the loan is not repaid within the loan tenure, there is one opportunity to pay the service charge again and enjoy the loan for a further 30 days, provided you have applied for the extension prior to the original due date. Beware however, if the ...
How many loans can I take?
With StuCred, you can borrow in multiples of Rs 500, with a minimum loan amount of Rs 1000. You can take as many loans as you like, within your credit limit.
My loan closure transaction is successful, but why has not my loan been closed?
Your StuCred loan closure 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 ...
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 ...