Bank of Rajasthan a private sector bank with customer friendly environment with updated technology, has reduced interest rates on education loan under ``Shiksha Sarathi`` scheme.
The bank has revised rates from 13% p.a. to 12% p.a. for fresh loans irrespective of quantum of loan. At present the education loan is being offered at 3% below BPLR.
The new loan rate has been cut down by 100 basis points. Thus this move will be beneficial for student community across the country who believes that lower interest rates on education loans will be helpful for them in pursuing professional courses.
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