West Bengal Student Credit Card is a financing scheme for students in West Bengal, that offers collateral-free security loans of up to Rs. 10 Lakhs, at a reasonable interest rate of 4%.

Via this scheme, students can pursue secondary to higher education or madrasah, undergraduate and postgraduate courses across schools, colleges, Madrasah, Universities, and other affiliate educational institutions within and outside India. Additionally, students appearing or preparing for competitive exams in different fields can also avail the benefits of this scheme. The repayment tenure for the loan is fifteen years.

Please note that the loan can be availed by students, with an upper age limit of 40 years at the time of application. Further eligibility & documentation requirements are as follows:

You can apply for this loan at the official portal of the West Bengal Student Credit Card Scheme, which is, https://wbscc.wb.gov.in/. In case of any related queries, you can contact the State Help Line No. 18001028014 or send mail to support-wbscc@bangla.gov.in or contactwbscc@gmail.com.

The Bihar student card is a means to offer financial support to students in the state of Bihar for higher education. This scheme is legitimate for those students who have cleared their intermediate or 12th-grade education from the Bihar Government-run educational institutions but are not able to further pursue the education.

Under this scheme, students can get a loan amount of up to Rs. 4 Lakh at a low-interest rate of 4%. The interest rate for females, transgenders & disabled is even lower at 1%. The loan amount can be utilized for pursuing education across technical, polytechnic, or general courses.
Additionally, you can use the loan amount to fund the purchase of study materials like books, stationery, and a laptop, or to pay the fees.

Since students usually do not make an earning, student credit cards do not come with income eligibility. However, there are some common criteria that applicants need to fulfill in order to be eligible. For example, the applicant must be above 18 years of age. Eligibility criteria may differ from bank to bank.

An important point to note here is that ‘student credit card’ offerings in India are very limited.
However, banks do extend financial help to students in the form of student loans, secured credit cards, and student forex cards. To avail of these facilities, you must meet the set criteria.

Documents Required

 When applying for a student credit card, the bank may ask you to furnish some of the following:

• PAN/Any other government-approved photo ID proof
• Aadhaar/Any other government-approved residential address proof
• Birth Certificate
• College Identity Card or any other proof of enrolment
• Passport-sized photographs

Note: Income Proofs are not required when applying for a student credit card, add-on card or secured credit card. However, if you are a student as well as an income-earner (with a stable job), some banks may be interested in offering you a regular credit card. For this, you will need to submit your income documents such as salary slip, ITR, bank statement, etc.

The application process for a student card depends on the type of credit card you are going for. Given below are the details.

Add-on Card: If you are 18 years or older, you can ask your immediate family members to apply for an add-on card. The process is relatively quick and only basic KYC documents are required.

Secured Credit Card: You need to open a fixed deposit account in a bank to get a secured credit card. If you already have a fixed deposit account, then request the bank to provide you with a secured credit card against it.

Credit card against Student Loan: You can avail a student credit card from a bank that provides credit cards on the loan. A popular example of this is SBI Student Plus Advantage Credit Card.

Add-on cards are supplementary cards issued against a primary credit card.
This is the easiest way for you to get a credit card as it does not involve the same scrutiny as a regular card. However, if you wish to get a student credit card to build your credit score, an add-on card will not be helpful. Only immediate family members of the primary user can avail add-on cards. The credit limit of the primary card is shared with the add-on cardholder.

Benefits of Add-on Credit Card for Students

Credit Limit: You will be sharing your parent’s credit limit. This may be much higher than what most banks will extend to you.

Features & Benefits: Most of the best credit cards in India providers extend almost all the benefits to the add-on cardholder. This includes discounts, movie vouchers, dining benefits and sometimes even premium benefits like lounge access.

Security: In case you are charged for a wrongful transaction you can be rest assured that your money will be returned.