Student Credit Card Application

বাংলাতে পড়ুন 👇

🔴 About the Students Credit Card Scheme

    This scheme is a West Bengal Government sponsored Scheme. It is designed to support the students to pursue secondary, higher secondary, madrasah, undergraduate and post graduate studies including professional degree and other equivalent courses in any School, Madrasah, College, University and other affiliated institutes within and outside India. Students studying in various coaching institutions for appearing in different competitive examinations like Engineering, Medical, Law, IAS, IPS, WBCS etc, can also avail the loan under this scheme.

    A student from West Bengal can obtain a maximum loan of Rs. 10 lakhs @ 4% per annum simple interest from the State Cooperative Bank and its affiliated Central Cooperative Banks and District Central Cooperative Banks and Public/ Private Sector Banks. 1% interest concession will be provided to borrower if the interest is fully serviced during the study period. The upper age limit for the interested students has been kept as 40(forty) years at the time of applying for loan. The repayment period shall be fifteen (15) years for any loan availed under this Credit Card including the Moratorium/ repayment holiday. For details kindly go through the Scheme given in official portal.

🔴 Documents for Student Credit Card

⭕️ Documents of Students : 

1) Photo & Signature on a white page

2) Aadhar Card Original copy

3) Admission Receipt of  present course Original copy

4) PAN Card (If available, not Mandatory) 

5) Student's Bank Passbook (Not Parent's or guardian's) Original copy

6) Last Examination's Marksheet Original copy

7) Mobile (for OTP) & Email id    

8)  Fees Structure (Bring from College/institute)

 ⭕️ Documents of Co-Borrower / Guarantor (Father / Mother / Guardian etc): 

1) Photo & Signature on a white page

2) Aadhar Card Original copy

3) PAN Card (Mandatory) 

4) Parent's /  Guardian's Bank Passbook

 

⭕️ FAQ : 

🔹 Any one like applicant's Father / Mother / Guardian / Elder Brother / Elder Sister etc can be applicant's co-borrower or guarantor. Then he/she have to sign and produce his/her documents as a co-borrower or guarantor of the Applicant.

🔹 At first applicant should confirm from the bank whether they will give you a student credit card loan. If they say to register through Vidyalakshmi portal, then contact another bank and avoid that bank.

🔹Student credit card loan interest is 4% Simple interest and Vidyalakshmi loan interest is 8% Compound interest. So think twice before applying Vidyalakshmi .

🔹 Applicant have to take admission before applying Student Credit Card.

🔹 Applicant can take maximum loan upto Rs 10 lakh.

🔹 Ask your college / institute whether they are accepting Student Credit Card before applying it.

🔹 Applicant's age must be under 40 years.

 

🔹 More details (FAQ) regarding Students Credit Card Scheme Click Here. 

🔹 For any query regarding Students Credit Card Scheme, call their Applicant helpline No 1800-102-8014 or E-mail them at "contactwbscc@gmail.com" or "support-wbscc@bangla.gov.in"

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