Instant Personal Loans for Students
Fast, flexible financing solutions designed specifically for students. Get funds in your account within 24 hours!
Why Gromi Finance is the Best Choice for Students
We understand the unique financial challenges students face. That's why we've created loan products with features tailored specifically for academic life, helping you focus on your studies without financial stress.
Did you know? Many students use personal loans to invest in skill-building courses and certifications that increase their future earning potential. This strategic borrowing can pay off significantly after graduation.
Lightning Fast Approval
Our automated approval system gives decisions in minutes, with funds transferred the same day in most cases.
Customized for Students
Special terms recognizing your potential rather than just current income. No collateral or guarantor needed.
Flexible Repayment
Choose repayment schedules that align with your academic calendar and expected career timeline.
Eligibility Made Simple
Getting a student personal loan with Gromi Finance is easier than you think. Here's what you need:
- Currently enrolled in any recognized Indian university/college
- Minimum age of 18 years
- Valid student ID and enrollment proof
- Indian bank account in your name
- Basic income source (part-time job, parents' support, etc.)
- No minimum credit score requirement
- No processing fees or hidden charges
- Available for all courses and disciplines
Quick Eligibility Checker
Find out instantly how much you can borrow:
Smart Borrowing Tip: Only borrow what you need. While we offer loans up to ₹2 lakhs, carefully calculate your actual requirements to minimize interest costs and future repayment burden.
"I was skeptical about getting a loan as a student, but Gromi Finance made the process so simple. The representative understood my situation as a medical student and helped structure a repayment plan that starts only after my internship. The funds arrived just in time for my semester fees, saving me from late payment penalties."
Key Features & Benefits
- Loan Amount: ₹5,000 to ₹2,00,000
- Interest Rates: Starting at 11.99% p.a.
- Repayment Tenure: 6 months to 4 years
- Grace Period: Option to delay first payment
- No Prepayment Fees: Reduce interest by paying early
- Digital Process: 100% paperless application
- Education Discount: Lower rates for top institutions
- Career Support: Access to internship/job portal
Frequently Asked Questions
We keep documentation minimal: Valid student ID, proof of enrollment, address proof, bank account details, and any income documentation (if applicable). The entire process can be completed online with digital copies of your documents.
Currently, we only offer student loans to Indian citizens studying at recognized institutions in India. We're working to expand our services to international students in the near future.
We offer flexible options: You can choose interest-only payments during study period, small EMIs that increase after graduation, or complete repayment moratorium until you complete your education. Our advisors can help select the best plan for your situation.
We understand academic paths can change. Simply notify us about any changes in your enrollment status, and we'll work with you to adjust your repayment terms accordingly without penalties.