Keeping in mind the struggle middle class Indians are facing in the wake of Wuhan Virus, Saraswat Bank, India’s largest Urban Co-operative Bank offers pre-approved Education Loan to help students realize their educational goals and aspirations, reports Business Wire India.
Saraswat Bank offers pre-approved Education Loan at 8.50% p.a. Additionally, it extends other benefits like 100% finance of course fees, a special rate of 8.00% p.a. for girl students, zero processing fee, etc. Product Rate of Interest, reports the agency.
Earlier, slashing rates on a host of loan products such as housing loan, car loan, Gold loan or loan against properties, etc the Saraswat Bank has also offered a discount on processing fee, up to 100% finance and free NETC FASTag under the Swastika Bonanza Scheme.
It bears recall that the UCB has had a business mix of Rs 63,422.13 crore and earned a net profit of Rs 250.79 as on 31st March 2020. The bank earned a gross profit of Rs 651.69 crore in 2019-20 FY.