Kerala Bank to roll out ‘Gen Z Tech’ loan scheme for students to purchase educational gadgets
The Kerala State Cooperative Bank (Kerala Bank) will soon roll out a low-interest loan scheme for enabling students to purchase laptops and tablets for their educational needs. Under the ‘Gen Z Tech Loan,’ open to undergraduate students and upwards, the bank will offer up to ₹1 lakh on 6.99% interest with a 30-month repayment period. The parent of the student applicant is required to be a guarantor.Those availing the loan will also be offered a .5% reduction in the interest rate on educational loan, bank president P.
- ▪The Kerala State Cooperative Bank (Kerala Bank) will soon roll out a low-interest loan scheme for enabling students to purchase laptops and tablets for their educational needs.
- ▪Under the ‘Gen Z Tech Loan,’ open to undergraduate students and upwards, the bank will offer up to ₹1 lakh on 6.99% interest with a 30-month repayment period.
- ▪The parent of the student applicant is required to be a guarantor.Those availing the loan will also be offered a .5% reduction in the interest rate on educational loan, bank president P.
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The Kerala State Cooperative Bank (Kerala Bank) will soon roll out a low-interest loan scheme for enabling students to purchase laptops and tablets for their educational needs. Under the ‘Gen Z Tech Loan,’ open to undergraduate students and upwards, the bank will offer up to ₹1 lakh on 6.99% interest with a 30-month repayment period. The parent of the student applicant is required to be a guarantor.Those availing the loan will also be offered a .5% reduction in the interest rate on educational loan, bank president P. Mohanan and other senior officials said at a press conference here on Friday. The scheme will be formally launched at Kakkanad on July 27.
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