Tailored Loans
Pick from pre-designed plans to suit different needs and budgets.
Get Up to ₹5 Lakh Personal Loan for Students
No Collateral Required
Instant Approval
Tenure up to 48 months
Personal Loan for Students
Looking for a personal loan for Students? FatakPay makes borrowing simple with a fully digital application process, minimal documentation, and quick approvals. Whether it's a planned expense or an urgent requirement, you can access the funds you need without pledging any collateral.
Personal Loan EMI Calculator
Our Personal Loan Calculator and Personal Loan Eligibility Calculator help you plan your monthly EMI and understand your chances of approval before applying.
Loan Amount: ₹1,20,000
₹10,000₹5,00,000
Tenure: 9 months
3 months48 months
Interest Rate: 8%
0%36%
Monthly EMI
₹13,782
Total Interest
₹4,035
Total Payment
₹1,24,035
Apply for Students Loan in 3 Simple Steps
Sign in & Verify
Enter mobile number and OTP.
Complete Digital KYC
Verify basic documents like Aadhaar & PAN Card
Get Instant Funds
Accept the given loan offer
Why choose FatakPay for Students Loan?
Students Loan Eligibility Criteria
Applying for a Personal Loan for Students through FatakPay is simple and requires meeting a few basic eligibility conditions.
1. Nationality
Applicants must be Indian residents to qualify for a personal loan.
2. Age Criteria
You should be between 21 and 55 years of age at the time of application, ensuring eligibility across early to mid-career professionals.
3. Documents Required
The application process is fully digital and requires basic KYC verification. You'll need your Aadhaar card, PAN card, and a quick selfie to complete the process. No lengthy paperwork is involved.
4. Income Proof
To support your application and enable faster approvals, you'll need to submit valid income proof. This helps us assess your repayment capacity and offer suitable loan options.
5. Employment Eligibility
FatakPay Personal Loans are available for both salaried individuals and self-employed professionals. Whether you have a steady monthly income or run your own business, you can apply for an instant personal loan with ease.
With minimal documentation and a 100% digital process, getting access to funds is simple, fast, and hassle-free.
Documents Required for Students Loan
Get a Personal Loan for Students with minimal documentation
Basic KYC Documents
PAN, Aadhar and Income Proof
Live Selfie
For Identity Verification
Students Loan Interest Rates & Charges
Choose the plan that matches your loan requirement and repayment capacity
FatakLite
Loan AmountUp to ₹60,000
TenureUp to 9 months
Processing FeeUp to 6%
Interest Rate0.05% per day
Popular
FatakPlus
Loan AmountUp to ₹3,00,000
TenureUp to 36 months
Processing Fee5%
Interest Rate0.05% per day
Best Value
FatakPrime
Loan AmountUp to ₹5,00,000
TenureUp to 48 months
Processing Fee2%
Interest Rate0.04% per day
Check the latest Personal Loan interest rates before you apply for loan options online.
What Our Customers Say
Our Financing Partners
FAQs
Can a student without income get a personal loan from FatakPay?
Most lenders require proof of income to approve a personal loan, which makes it difficult for students without an independent income source to qualify on their own. However, students who have a part-time income, stipend, or freelance earnings may still be considered. Alternatively, applying with a co-applicant, such as a parent or guardian who has a stable income, can significantly improve eligibility. FatakPay reviews each application individually, so it is worth checking your options on the platform.
Is a personal loan better than an education loan for a student?
Both serve different purposes and come with their own advantages. An education loan is specifically designed for tuition fees and academic expenses, often comes with a moratorium period, and may offer tax benefits under Section 80E.
A student personal loan, on the other hand, is more flexible and can be used for any expense, including gadgets, accommodation, or course materials, and typically has faster disbursal. If you need funds for non-academic expenses or a short-term need, a personal loan can be a practical choice
Can a student use a personal loan for a laptop or gadgets?
Yes, a personal loan from FatakPay can be used to purchase a laptop, tablet, or any other gadget you need for your studies. Unlike an education loan that is tied to tuition fees, a personal loan gives you the flexibility to spend on what you actually need. This makes it a convenient option for students looking to fund essential academic tools without restriction.
Can a parent apply for a student's personal loan as a co-applicant?
Yes, a personal loan from FatakPay can be used to purchase a laptop, tablet, or any other gadget you need for your studies. Unlike an education loan that is tied to tuition fees, a personal loan gives you the flexibility to spend on what you actually need. This makes it a convenient option for students looking to fund essential academic tools without restriction.
How quickly can a student get a personal loan on FatakPay?
FatakPay's personal loan process is fully digital and designed to be quick and straightforward. Once you submit your application with the required documents and complete your KYC, the review process begins promptly. Students with a co-applicant who has a strong financial profile and all documents in order can expect a faster turnaround. Funds are disbursed directly to your bank account upon approval, making the entire experience smooth and hassle-free.
