Smart Loan - Instant Personal Loan App

Smart Loan is an Instant Loan App that offers loans for students and young working professionals from the states of Andhra Pradesh, Telangana and Karnataka with low rate of interest. Borrowers can avail loans ranging from Rs. 500 to Rs. 10,000 and the amount will credit to bank account instantly.

For instance, let’s say you’re short of pocket money and you want to travel to your hometown or buy some books for your education. You have only two options - Borrow from your friends. But you may not want to ask your friends for a favour as this could result in untimely demand for repayment. Go through the tedious process of applying for a personal loan from a bank, for which you will most likely not be eligible. The practical approach is to reach out to your favourite app 'Smart Loan –
Instant Personal Loan App for college students, which can help you with an instant student loan to get the money you want.

At smart loan, we give you the facility to pick the duration of repayment. The users can select a tenure anywhere between 2 months(61 days) to 3 months. The maximum rate of interest is 35% per annum. Processing charge would be 5-8% of the loan amount and an additional 18% of the processing fee is levied as GST.

For example, for a loan of Rs.5000 on 2 month tenure, the interest would be Rs.220, Processing Fee would be Rs.400 and GST would be Rs.72. So, the customer would be paying a total of 5,692 at the end of the tenure.

The successful repayment of your instant student loan gives you a good CIBIL score, which will help you be eligible for larger loans and also improve your employment prospects.