Kerala Bank to roll out ‘Gen Z Tech’ loan scheme for students to purchase educational gadgets
The Kerala State Cooperative Bank is launching a 'Gen Z Tech Loan' scheme to help undergraduate students purchase educational gadgets like laptops and tablets. The bank reported significant growth in total business and loan disbursals for the 2025-26 fiscal year.
Why it matters
This initiative highlights the role of regional cooperative banks in promoting digital literacy and educational access through targeted financial products.
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.
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