Saraswat Bank to Offer Educational Loans for Open and Distance Learning



Cooperative Bank Saraswat said it offers pre-approved education loans at 8.50%, with 100 percent funding, course fees and zero processing fees. Students will receive an education loan at a special interest rate of 8 percent.

India’s largest urban co-operative bank said its education loan scheme also extends to online courses (in India and overseas) in a statement. The bank will also offer a 25 percent discount on commissions when buying foreign currency or transferring money in foreign currency.

As a new feature in its education loan scheme, Saraswat Bank has envisaged measures to expand funding for open and distance (online) courses (in India and overseas), thereby embracing and supporting a new direction in education, the statement said.


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