Getting through a reputed management institution might just get you a cheaper education loan as banks look to encourage meritorious students.Public sector banks are offering education loans to students of top institutes in the country at rates up to 200 basis points, or two percentage points, below those charged on regular education loans.Central Bank of India, which has an education loan book of around...
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company aims to provide education loans to nearly 19.8mn Indian students who at any given time require education finance to pursue higher studies in India and overseas.The company aims to provide education loans to nearly 19.8mn Indian students who at any given time require education finance to pursue higher studies in India and overseas.DHFL, India’s leading financial institution announces its foray...
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country's largest lender State Bank of India (SBI) today reduced interest rates on education loans by up to 1 percentage point across various segments.(SBI) today reduced interest rates on education loans by up to 1 percentage point across various segments, a move likely to be followed by other lenders.in India and abroad at affordable rate, SBI has reduced the rate of interest for education loans,...
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World Bank has offered a $500 million loan to support secondary education in India....
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long term loans such as home loans and education loans are going to get cheaper as banks are passing the benefits of reducing the base rate to the customers. Some banks including State Bank of India, Central Bank of India and Union Bank of India has already announced to cut the interest rates on Home loans and educational loans.The State Bank of India (SBI), the leading public sector bank has recently...
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India's largest lender, State Bank of India (SBI) Monday said it has reduced the interest rate on educational loans by up to one percent across different segments."In order to extend financial assistance to students pursuing higher education in India and abroad at affordable rate, SBI has reduced the rate of interest for education loans," the bank said in a statement.Loans up to Rs.4 lakh will get...
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India's largest lender State Bank of India (SBI) may slash interest rates on education loans by 25-100 basis points across various maturities, with effect from Monday, February 20, the Press Trust of India reported citing unidentified sources.Following the move, for an education loan of Rs 400,000, the interest rate will be reduced by 25 basis points to 11.75%; for a loan between Rs 400,000 and Rs...
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(SBI) plans to cut interest rates on education loans. The bank is expecting a good growth in this segment with the government promoting a fund to guarantee education loans.The bank does not have any plans to reduce its home loan rates during the current fiscal. "We may not reduce our base rate since it is at 10%, which is the lowest in the industry . We also do not want to change our home loan rates...
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Seeking an education loan? Still waiting for an answer to your application? Tired of calling up the bank? Now, you are in for some good news. In the face of rising complaints from students of inordinate delays in the sanction of education loans, the Indian Banks Association have askedbanks to sanction all such loans within 15 days. Besides, unlike the current practice where banks reportedly refuse...
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Banks have started scaling down interest rates on education and home loans after repeated hikes over the last two years as the Reserve Bank of India (RBI) hasThe State Bank of India (SBI) is likely to cut interest rates on education loans by up to one per cent from Monday.on study loans by 0.25 per cent to one per cent across various maturities at a meeting of its asset, liability committee (Alco)...
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