Loan App Malayalam – Personal Loan With 0% Interest Rate – Personal Loan App – Best Loan App 2023


Access to education is a fundamental right, but the financial burden that comes with it can be overwhelming, especially for college students. Recognizing this challenge, Kreon Financial Services Limited, a financial institution based in Kerala, has launched StuCred, a unique loan program exclusively tailored for college students. This essay will delve into the intricacies of StuCred loans, their availability in Kerala-based colleges, and the various facets of this financial assistance initiative. We will explore the loan terms, sample calculations, and the Refer and Earn program, shedding light on how StuCred aims to empower college students in Kerala.

StuCred: Bridging the Financial Gap for College Students

Kerala, known for its robust education system, hosts numerous colleges that attract students from various walks of life. However, pursuing higher education often comes with financial challenges, including tuition fees, books, accommodation, and daily expenses. StuCred, initiated by Kreon Financial Services Limited, seeks to bridge this financial gap and enable students to focus on their education without undue financial stress.

Exclusive Availability in Kerala-based Colleges

One distinctive feature of StuCred is its exclusive availability in Kerala-based colleges. Kerala is renowned for its quality education institutions, and StuCred has strategically chosen this region to make a significant impact on students’ lives. Within Kerala, the loan program is accessible to college students across the state, but it’s essential to note that, currently, it is available in Kasaragod with only two colleges being covered.

Loan Amount and Sample Calculations

StuCred offers college students the opportunity to secure loans with a maximum amount of Rs 15,000. This financial assistance can be crucial in covering various educational expenses. To illustrate how StuCred loans work, let’s consider a sample calculation:

  • Loan Amount: Rs 1000
  • Tenure: 90 days
  • Interest Rate: 0% per annum
  • Processing Fee: Rs 152
  • GST on Processing Fee: Rs 28
  • Total Charges: Rs 180
  • APR (Annual Percentage Rate): 72%
  • Total Repayable Amount: Rs 1180 (inclusive of all fees)

This sample calculation demonstrates the transparency of StuCred’s loan terms. The absence of interest rates ensures that students can avail themselves of financial assistance without worrying about additional financial burdens. The processing fee and associated charges are clearly outlined, contributing to a more informed borrowing decision for students.

Refer and Earn Program

Apart from providing financial aid, StuCred offers an attractive Refer and Earn program, which is a win-win opportunity for both the borrowers and their friends. Under this program, students can earn up to ₹500 by referring StuCred to their peers. Simultaneously, the referred friends can also benefit by earning up to ₹100. This initiative not only encourages financial inclusion but also strengthens the StuCred community, fostering a spirit of collaboration among college students.


In conclusion, StuCred, a student-centric loan program initiated by Kreon Financial Services Limited, holds great promise in easing the financial burden of college students in Kerala. By offering loans exclusively to college students, it addresses the unique financial challenges they face while pursuing higher education. The availability of StuCred in Kerala-based colleges, including Kasaragod, provides access to financial assistance for students in the region.

The loan terms of StuCred are transparent, with a maximum loan amount of Rs 15,000 and a unique feature of 0% interest rate, ensuring that students can borrow without the fear of accumulating interest-related debts. The Refer and Earn program further enhances the appeal of StuCred, promoting financial inclusivity and community-building among students.

StuCred’s mission to empower college students through accessible financial assistance aligns with the broader goal of promoting education and skill development. As it expands its reach and impact across Kerala and beyond, StuCred has the potential to transform the lives of countless students, enabling them to pursue their dreams and contribute meaningfully to society. In an era where education is key to personal and societal progress, initiatives like StuCred play a pivotal role in creating opportunities and breaking down financial barriers for aspiring students.

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