Saturday, Oct 19, 2019 | Last Update : 09:18 PM IST

Digital Wallets for Digital India: Instant money lending apps for instant generation

THE ASIAN AGE
Published : Sep 12, 2019, 2:15 pm IST
Updated : Sep 12, 2019, 2:15 pm IST

List of the apps that are gaining popularity among college students.

Students can meet their personal needs independently with these apps. (Photo: Pixabay)
 Students can meet their personal needs independently with these apps. (Photo: Pixabay)

Today’s generation has become quite independent and that time has gone when students used to depend on their parents for their monthly expenses. From the very beginning, students in our country have not been introduced to the concept of a credit card when it is most talked about concept abroad. New-age Digital lending Apps are however resolving this gap and offering best services. These platforms are not only fulfilling the needs of the student’s expenses but also helping to maintain the CIBIL scores for their future need. With various services, these money lending apps have become quite prominent among the students. Students can borrow money whenever they need and can refund the money with easy EMI of a month, 2 months etc. Students can meet their personal needs independently whenever they have to buy books, purchase a movie ticket, buy a laptop, and camera etc. Millions of college students are borrowing money from these app-based lending, which is easy to use. 

Here is the list of the apps that are gaining popularity among college students.  

mPokket: It’s a prominent digital lending platform offering short term personal loans to college students in a hassle-free and seamless manner. It is also eliminating the need for the time consuming as well as the paper-heavy process of obtaining loans from traditional sources. Any college student in India is eligible to borrow money instantly using the mPokket mobile app.

KrazyBee: We at KrazyBee, are a bunch of IIM & NIT alums zealously working towards the fulfillment of the aspirations of the current Indian college-going millennials. Our mission is to be the convenient connecting bridge between the college-going youth of this country, and their wonderful dreams and aspirations. Our prime focus is to be the source of hassle-free financing for college students to pursue their passion, who are certainly creditworthy but don’t have any convenient options in the market to support them currently.

Early salary: EarlySalary is an innovative lending platform that will change the way loans in India are taken. Being a new age online brand, we bring together new credit scoring systems for superior customer profiling. The online platform is backed by a strong leadership team that aims to build a new credit scoring platform that combines traditional credit scoring with new social and online scoring technology-linked risk assessment concepts, to deliver a revolutionary new business set to change the lending market in India.

Slicepay: SlicePay is a bridge which gives easy access to products and services that students and the young generation already need and use. Early access and exposure to credit not only improves their future financial aspects, but also goes a long way in increasing the financial inclusiveness of our country at large.

Tags: apps, students, money lending