State Bank of India (SBI) has decided to reduce the education loan rates by one percent across numerous sectors for extending financial assistance to the students who desire to pursue higher education in India and abroad.Under this scheme the loan rate for nearly Rs. 4 lakh has been reduced by 0.25%, which is now 13.50% against 13.75%. While the loans from Rs. 4 – 7.5 lakh will be offered at 13.25%...
|
today hinted at a possible cut in lending rates in the education loan segment, though it is is unlikely to reduce its base rate for now."We have an Alco (asset, liability committee) meeting this week itself and it will have education loan rate cut on top of the agenda," chairman Pratip Chaudhuri said here.Interest rates on education loans at present range from 12.25 per cent to 14.50 per cent, depending...
|
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,...
|
(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...
|
set to announce a reduction in some rates when the bank's asset-liability committee meets on Tuesday . SBI chairmanhas already announced the bank's intent to revisit interest rates on education loans. Announcing the results last week, Chaudhuri had said that the bank would consider a cut in interest on education loans but would not lower its base rate - the benchmark rate on which all floating rate...
|
State Bank of India (SBI) is planning to reduce its interest rates on education loans; however no changes will be made to the base rate.Presently, interest rates on SBI education loans vary from 12.25% -14.50%, based on the quantum and period for which the loan has been granted. SBI currently holds a lowest base rate of 10% and thus, has no plans to reduce it further.Sources from SBI revealed that...
|
State Bank of India — the countrys largest lender — today reduced interest rates on education loans by up to 1 percentage point across various segments in a move that is likely to be followed by other lenders.Education loans up to 4 lakh are down 0.25 percentage point to 13.50 per cent against 13.75 per cent.Loans between Rs 4 lakh and Rs 7.5 lakh will be available at 13.25 per cent against 14.25...
|
Mumbai, Feb. 13: The State Bank of India (SBI) is likely to bring down interest rates on educational loans to ramp up these advances.However, the bank is not planning to reduce its base rate, which now stands at 10 per cent, Pratip Chaudhuri, chairman of the SBI, said here today.Speaking to newspersons after declaring the bank's third-quarter results, Chaudhuri said the asset liability committee (ALCO)...
|
is likely to bring down interest rates on educational loans to ramp up these advances.However, the bank is not planning to reduce its base rate, which now stands at 10 per cent, Pratip Chaudhuri, chairman of the SBI, said here today.Speaking to newspersons after declaring the banks third-quarter results, Chaudhuri said the asset liability committee (ALCO) might meet sometime this week and it could...
|
Dena Bank today announced reduction in interest rates on car and education loans by up to 2%....
|
