Student Credit Card

Bihar Student Credit Card

Loan Approval Process For Bihar Student Credit Card Scheme

After successfully submitting all the documents the government officials will examine the submitted documents. The verification process takes maximum 15 Days after receiving documents from the student. After the verification, the details are shared with the banks which then approve or disapprove the loan The reason of approval or disapproval of loan is shared by bank through SMS on registered mobile number shared during form submission

"When the loan is approved, the applicant required to visit the bank branch to complete the formalities."

Steps To Apply For Bihar Students Credit Card Scheme

The students who are eligible for this scheme can apply through online portal. Following are the steps to apply online for this scheme.

Student Credit Cards: How to get best credit card for students

Credit cards have changed the way we spend. You can make small to high-value purchases securely and avail emergency loans while earning handsome reward points. Apart from these features, credit card companies also offer other benefits that are customised to suit different spending needs.

Student Credit Cards: Features & Benefits

• Student credit cards are easy to qualify for as issuers don’t require you to produce lengthy documentation. Also, you don’t have to produce income proof, which hastens approval.
• A student credit card helps you build a good credit score before graduating. This way, you can avail credit at competitive terms in the future, provided you manage your credit card well.
• This type of credit card offers various perks like cashback and discounts that can help you save a lot of money. Further, it also gives handsome reward points that you can redeem for coupons and merchandise on the issuer’s rewards catalogue.
• Typically, a student credit card has a low credit limit of up to Rs.15,000 as compared to other cards and is valid for 5 years. This keeps you from spending recklessly and falling in a debt trap.
• You can use a student credit card for various purposes like enrolling for an online course, buying books, refilling fuel, and more.
• Student credit cards have nil or relatively lower joining fees and low annual charges when compared to other credit cards, which makes it easy for you to maintain and use.