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PNB slashes education loan rates

PNB slashes education loan rates
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First Published: Fri, Mar 23 2007. 06 52 PM IST
Updated: Fri, Mar 23 2007. 06 52 PM IST
PTI
New Delhi: Punjab National Bank said on 23 March that it has reduced education loan rates of its existing schemes by up to 1.25% effective from 1 April.
The Bank has reduced interest rates on education loan upto Rs4 lakh under ‘PNB Vidya Lakhshya Purti Schemes’ by 1.25% to 11.50% while under ‘PNB Sarvotam Sikhsha Scheme’ by 0.5% to 10.50%, the bank said in a statement.
Further, interest waiver of 1% will be offered provided it is serviced regularly during the study period, it said.
The bank has taken this step to make affordable education loan to student, it added.
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First Published: Fri, Mar 23 2007. 06 52 PM IST
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