Good news is lined up for the education loan seekers. Country’s largest lending bank State Bank of India is thinking to launch a new credit scheme for school – level teenagers. The purpose of the bank to come up with this initiative is to help the students in developing a friendly environment with the banks and assist them in getting education loan easily.
Highlighting the features of the scheme the managing director of the bank stated that through this scheme the children will come to know about the various types of loans available and will also build a sense of utilizing funds efficiently in them. Further the scheme will make them aware about the education loan and its benefit at the early stage that will assist them in future.
This plan will open options to avail small fund in credit for meeting the expenses pertaining to the education of high school students. Banks are rolling out new apps and technologies to help the students in getting education loan easily.