NEWS & ADVICE : EDUCATION LOANS
IDBI Bank raised FD, edu loan rates
By Neelima Shankar
Jun 20, 2011
Print    Email    RSS   

Public sector lender IDBI Bank has announced a rise in its education loan rates as well as rates for fixed deposits. The rate hike has been upto 50 bps.

"We have not hiked the base rate for now...the demand for credit is slow and we have also decided to look at the liquidity conditions," executive director and chief financial officer RK Bansal said.

The interest rates on education loans in the range of Rs 7.5 lakh and Rs 20 lakh have been raised by 25 bps while for loans upto Rs 7.5 lakhs, the interest rates have been slashed by 25 to 50 bps.

"The re-jigging in educational loans is to align ourselves with the market and will also help us achieve priority sector lending targets," Bansal said.

On the fixed deposit front, for deposits less than Rs 15 lakh, the 270-365 days deposit will yield 9% interest.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Changing face of education loans
Education loans seeing a facelift in India
Carnival of Indian Personal Finance Blogs #1
Bank loans that could glitter for you
Get the basics right before applying for...


ROPAR: CaℒL Giℛℒ In Kurali 09855660911...
Why Pitampura Tutors (Ph:- 9911742311) & Private...
kala jadu in hindi 9636854282

NEWS THIS WEEK
Banks to look forward to hire students from IIT/IIM Feb 18, 2015
Union Bank of India hiring for the post of specialist officers Feb 16, 2015
Canara bank launched scholarship Scheme Feb 13, 2015
AXIS bank started ‘My idea of progress’ Campaign Feb 12, 2015
RBI inviting applications for the guard post Feb 11, 2015
News Archive