West Bengal Student Credit Card — collateral-free education loan
Government of West Bengal (Higher Education Department)
Overview
The West Bengal Student Credit Card scheme offers collateral-free education loans of up to Rs 10 lakh for study from Class X to post-doctorate, in India or abroad. Interest is about 4% simple interest a year, with a further 1% concession for timely full repayment.
The loan covers course fees, hostel, books, a laptop and study materials. Repayment can take up to 15 years, with a moratorium of the course duration plus one year. No margin money is needed for loans up to Rs 4 lakh.
Applicants must have lived in West Bengal for at least 10 years and be 40 or younger when applying; a co-borrower (usually a parent/guardian) is required. Apply on the WBSCC portal (wbscc.wb.gov.in).
At a glance
- Administering authority
- Government of West Bengal (Higher Education Department)
- Scheme type
- Students & Education, Business & Finance
- Place of posting / area
- West Bengal
- Application mode
- Online
- Important dates
- Applications accepted year-round
Benefits
- Collateral-free loan of up to Rs 10 lakh
- About 4% simple interest a year
- 1% concession on timely full repayment
- Repayment over up to 15 years
- Moratorium of course duration + 1 year
- No margin money up to Rs 4 lakh
- Covers fees, hostel, books, laptop and study materials
Eligibility
- Resident of West Bengal for ten years or more
- 40 years or below when applying
- Enrolled in a recognised institution in India or abroad
- Completed at least Class IX (Madhyamik or equivalent) and admitted to an eligible course
- A co-borrower (usually a parent/guardian) is required
- Neither the applicant nor the co-borrower is in default of any bank loan
- One card per student
Required documents
- ID proof
- Admission proof
- Address proof
How to apply
- Register on the WBSCC portal to get an Application ID
- Enter personal, academic and course details and upload documents
- The institution and the Higher Education Department verify the application
- It then goes to the bank, which sanctions and disburses the loan
Last updated: 1 Nov 2026
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