Top 5 Student Credit Card Providers in Bihar
Top 5 Student Credit Card Providers in Bihar
Mar 22, 2024
15 Mins
Top 5 Student Credit Card Providers in Bihar
In Bihar, students often face a cash crunch during their college years as they rely on allowances from their families. To help ease their financial burden and teach them about credit management, student credit cards are a great option. These cards do not require proof of income and have low interest rates, making them cost-effective. Here are some of the best student credit cards available in Bihar:
1. Bihar Student Credit Card (BSCC) Scheme
Designed exclusively for students pursuing higher education in Bihar, this credit card aims to encourage more students to pursue education. It provides a loan of up to Rs. 4 Lakhs to cover education and living expenses. To be eligible, students must have a co-applicant (usually their parents or guardians) who can provide proof of income. Required documents include identity proof, PAN card, mark sheets, domicile certificate, admission certificate, family income certificate, and Form 16.
2. SBI Student Plus Advantage Credit Card
Offered by the State Bank of India, this credit card allows students to pay for purchases in equated monthly installments (EMIs). It also offers rewards points for every Rs. 100 spent, which can be redeemed for gifts or used to pay off the credit balance. The card also provides the convenience of doorstep ticket delivery and charges an interest rate of 2.25% per month.
3. HDFC ISIC Student ForexPlus Card
Designed for students studying abroad, this card allows access to three major currencies (USD, Euro, and GBP) and protects against exchange rate fluctuations. It offers additional benefits such as free insurance, cash withdrawal facility, and instant reloads. The card also provides a global ID, offering discounts on various purchases.
4. ICICI Bank Student Travel Card
Another credit card for students studying abroad, this card allows payment of fees and day-to-day expenses. It has a tie-up with MasterCard, making it widely accepted. It also offers preferential foreign exchange rates.
5. HDFC Multicurrency Platinum ForexPlus Chip Card
This card allows students to spend comfortably while studying abroad, offering access to 22 different currencies. It provides secure transactions and insurance coverage of up to Rs. 5 Lakhs against accidents and fraud.
Student credit cards are a valuable tool for teaching financial management, as they have limited spending capacity and low interest rates. Students can easily access their payment history to gain insight into their spending habits and learn how to control their expenses.
Whether you're studying abroad or in Bihar, you can apply for these student credit cards online or offline.
Top 5 Student Credit Card Providers in Bihar
In Bihar, students often face a cash crunch during their college years as they rely on allowances from their families. To help ease their financial burden and teach them about credit management, student credit cards are a great option. These cards do not require proof of income and have low interest rates, making them cost-effective. Here are some of the best student credit cards available in Bihar:
1. Bihar Student Credit Card (BSCC) Scheme
Designed exclusively for students pursuing higher education in Bihar, this credit card aims to encourage more students to pursue education. It provides a loan of up to Rs. 4 Lakhs to cover education and living expenses. To be eligible, students must have a co-applicant (usually their parents or guardians) who can provide proof of income. Required documents include identity proof, PAN card, mark sheets, domicile certificate, admission certificate, family income certificate, and Form 16.
2. SBI Student Plus Advantage Credit Card
Offered by the State Bank of India, this credit card allows students to pay for purchases in equated monthly installments (EMIs). It also offers rewards points for every Rs. 100 spent, which can be redeemed for gifts or used to pay off the credit balance. The card also provides the convenience of doorstep ticket delivery and charges an interest rate of 2.25% per month.
3. HDFC ISIC Student ForexPlus Card
Designed for students studying abroad, this card allows access to three major currencies (USD, Euro, and GBP) and protects against exchange rate fluctuations. It offers additional benefits such as free insurance, cash withdrawal facility, and instant reloads. The card also provides a global ID, offering discounts on various purchases.
4. ICICI Bank Student Travel Card
Another credit card for students studying abroad, this card allows payment of fees and day-to-day expenses. It has a tie-up with MasterCard, making it widely accepted. It also offers preferential foreign exchange rates.
5. HDFC Multicurrency Platinum ForexPlus Chip Card
This card allows students to spend comfortably while studying abroad, offering access to 22 different currencies. It provides secure transactions and insurance coverage of up to Rs. 5 Lakhs against accidents and fraud.
Student credit cards are a valuable tool for teaching financial management, as they have limited spending capacity and low interest rates. Students can easily access their payment history to gain insight into their spending habits and learn how to control their expenses.
Whether you're studying abroad or in Bihar, you can apply for these student credit cards online or offline.
FAQs 🤔
- What is the Bihar student credit card?
The Bihar student credit card is a scheme introduced by the Bihar Government to provide funding assistance to students pursuing higher education in Bihar. It offers an education loan of up to Rs. 4 Lakhs, which can be repaid after completing education and finding employment. The loan is available for general, financial, and technical courses.
- How can a student apply for a credit card?
Students can apply for student credit cards by visiting the websites of credit card providers or using online loan aggregators. They need to meet eligibility criteria and provide necessary documents, such as identity proof, mark sheets, proof of residence, PAN card, proof of admission, and income-related documents.
- What are the documents required for the Bihar student credit card?
Documents required for the Bihar student credit card include identity proof, mark sheets, proof of residence, PAN card, selection certificate from an authorized institute, fee documents, application form, passport size photographs, bank statements, Form-16, family income certificate, and income tax returns.
- How much interest is charged on the Bihar student credit card?
The Bihar student credit card scheme charges a 4% interest rate for general students and a 1% interest rate for girls, transgender, and divyang students.
To apply for credit cards, secured loans, and unsecured loans, visit mymoneymantra.com, a leading online lending marketplace offering financial products from various banks and NBFCs.
- What is the Bihar student credit card?
The Bihar student credit card is a scheme introduced by the Bihar Government to provide funding assistance to students pursuing higher education in Bihar. It offers an education loan of up to Rs. 4 Lakhs, which can be repaid after completing education and finding employment. The loan is available for general, financial, and technical courses.
- How can a student apply for a credit card?
Students can apply for student credit cards by visiting the websites of credit card providers or using online loan aggregators. They need to meet eligibility criteria and provide necessary documents, such as identity proof, mark sheets, proof of residence, PAN card, proof of admission, and income-related documents.
- What are the documents required for the Bihar student credit card?
Documents required for the Bihar student credit card include identity proof, mark sheets, proof of residence, PAN card, selection certificate from an authorized institute, fee documents, application form, passport size photographs, bank statements, Form-16, family income certificate, and income tax returns.
- How much interest is charged on the Bihar student credit card?
The Bihar student credit card scheme charges a 4% interest rate for general students and a 1% interest rate for girls, transgender, and divyang students.
To apply for credit cards, secured loans, and unsecured loans, visit mymoneymantra.com, a leading online lending marketplace offering financial products from various banks and NBFCs.
Author
Pluto Team
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