Can a student get an instant personal loan without a salary slip?

Yes. In place of a salary slip, lending partners accept three months of bank statements, stipend or internship proof, or UPI cash-flow history. Where you have no income of your own, applying with an earning co-applicant from your household improves the outcome significantly.

What is the minimum age for a student loan on CredBean?

21 years. This is a lending-partner requirement under RBI norms for unsecured personal credit and cannot be waived, so students under 21 should apply through an eligible parent or guardian instead.

Will applying hurt my credit score?

No. The eligibility check is a soft credit pull and does not affect your score. A hard enquiry is recorded only if you proceed with a specific lending partner's offer after reviewing its Key Fact Statement.

How small a loan can a student take?

₹5,000 is the minimum. Small first tickets are deliberate — they keep the EMI within a student budget and build repayment history that raises your eligible limit for later loans.

Personal loan for students

Students in India can get a personal loan from ₹5,000 to ₹5,00,000 through CredBean's RBI-registered lending partners. You must be at least 21, hold a PAN and Aadhaar, and show a verifiable income source — a stipend, part-time earnings, or household income with an earning co-applicant. Interest starts at 14.5% p.a. reducing balance.

Check your eligibility Calculate your EMI

Eligibility

Indian resident, age 21 to 58
Valid PAN and an Aadhaar-linked mobile number
A bank account in your own name
A verifiable income source — stipend, internship, part-time or freelance earnings
Where you have no income of your own, an earning co-applicant from your household

Documents you need

PAN card number
Aadhaar-linked mobile number for OTP-based eKYC
Bank account details in your own name
Stipend proof, internship letter or three months of bank statements
Student ID or admission letter, where available

Everything is submitted online — there is no branch visit and no physical paperwork.

Example EMI — ₹25,000 over 12 months

Illustrative repayment schedule for ₹25,000 over 12 months
Loan amount	₹25,000
Tenure	12 months
Interest rate	14.5% p.a. reducing balance
Monthly EMI	₹2,251
Total interest	₹2,007
Total repayable	₹27,007
Processing fee	Up to 2%, one time, deducted at disbursal

Illustrative only, at the lowest available rate. Your actual APR (14.5%–34% p.a.) and every charge are stated in the lending partner's Key Fact Statement before you sign.

This is a personal loan, not an education loan

An education loan funds tuition at a recognised institution, is often secured, and pays the college directly. What CredBean facilitates is an unsecured personal loan credited to your own bank account, so you can use it for a semester fee, a laptop, exam or certification costs, a hostel deposit, or travel for a placement. It is faster and needs no collateral, but the rate is higher than a subsidised education loan — if your need is full-course tuition, compare an education loan first.

No salary slip? You are still assessed fairly

Most students are new to credit, which means no bureau history rather than bad history. Lending partners assess bank-statement and UPI cash-flow signals — how regularly money comes in, how stable your balance is, whether existing obligations bounce. A thin file does not mean automatic rejection. First loans are usually small, and repaying on time builds the record that raises your limit later.

Borrow the smallest amount that solves the problem

A student income cannot absorb a large EMI. Work backwards: decide what monthly payment you can meet without missing it once, then pick the amount and tenure that produce it. A longer tenure lowers the EMI but raises total interest. Our calculator shows both figures before you apply, and there is no charge for foreclosing after the first EMI if money comes in early.

Frequently asked questions

Apply in about three minutes

₹5,000 to ₹5,00,000, 3–60 months, interest from 14.5% p.a. reducing balance. The eligibility check is a soft credit pull and does not affect your credit score.

Start your application

CredBean is a brand of Privena Financial Services Private Limited. CredBean is a technology platform and does not lend on its own account. Loans are offered by RBI-registered lending partners. Interest from 14.5% p.a. reducing balance; processing fee up to 2%. Representative example: ₹75,000 for 18 months at 14.5% p.a. — EMI ₹4,661, total interest ₹8,902. Credit at sole discretion of the lending partner. Questions: hello@credbean.com · +91 98990 20223.