Banks that offer the lowest rates on education loans



a group of people sitting at a table using a laptop computer: Banks that offer the lowest rates on education loans


© Shubhashish
Banks that offer the lowest rates on education loans

For students, September has been a crucial month this year. In India, lakhs of students appeared for the Joint Entrance Exam (JEE)  and National Eligibility cum Entrance Test (NEET) after a prolonged tussle with the central government.

It’s also that time of the year when overseas-bound students pack their bags to head for their chosen destination country for higher studies.

Public sector banks show the way

While private and foreign banks vie hard for slices of businesses in other loan segments, particularly credit cards, public sector banks rule the roost in the education loan category.

At 6.80 per cent for a Rs 20-lakh study loan with a tenure of seven years, PSU major Union Bank of India offers the lowest rate at present, according to data compiled by BankBazaar.

It is followed by Central Bank of India and Bank

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Namibia: Young Artisan Benefits From Development Bank’s Skills-Based Facility

Development Bank of Namibia (DBN) has unveiled Mekemo Trading, a mechanical and automotive services provider, as a recipient of skills-based finance for young artisans.

The Bank’s skills-based facility for young artisans and professionals is designed to enable aspirant entrepreneurs with professional or artisan qualifications, but with limited or no collateral, to embark on the course of entrepreneurship. It also enables young entrepreneurs with emerging businesses to expand.

The Bank defines young entrepreneurs as aged 36 and younger, but will, in exceptional circumstances, accept applicants aged up to 40.

Acting Head of SME Finance Hellen Amupolo said Mekemo is an excellent example of what DBN set out to achieve with skills-based finance for young entrepreneurs.

Operated by Rens Mekemo Shilongo, aged 33, Mekemo Trading provides automotive services including mechanical services, spray painting and panel beating for cars, trucks, buses, farm implements and mining and construction equipment. Located in Katutura, the company

Read More

Young artisan benefits from Development Bank’s skills-based facility

Development Bank of Namibia (DBN) has unveiled Mekemo Trading, a mechanical and automotive services provider, as a recipient of skills-based finance for young artisans.

The Bank’s skills-based facility for young artisans and professionals is designed to enable aspirant entrepreneurs with professional or artisan qualifications, but with limited or no collateral, to embark on the course of entrepreneurship. It also enables young entrepreneurs with emerging businesses to expand.

The Bank defines young entrepreneurs as aged 36 and younger, but will, in exceptional circumstances, accept applicants aged up to 40.

Acting Head of SME Finance Hellen Amupolo said Mekemo is an excellent example of what DBN set out to achieve with skills-based finance for young entrepreneurs.

Operated by Rens Mekemo Shilongo, aged 33, Mekemo Trading provides automotive services including mechanical services, spray painting and panel beating for cars, trucks, buses, farm implements and mining and construction equipment. Located in Katutura, the company

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Lethbridge food banks prepare for uptick in demand as some government funding ends or changes



a store filled with lots of food: The Interfaith Food Bank in Lethbridge, Alta. is preparing for an increase in clients as government funding ends or changes in the coming months


© Global News
The Interfaith Food Bank in Lethbridge, Alta. is preparing for an increase in clients as government funding ends or changes in the coming months

Food banks in Lethbridge have been working hard to navigate what kind of demand they may see as a result of the COVID-19 pandemic.

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“We’ve been very lucky [that] our numbers have not been as high as we expected, mostly because people have been fortunate enough to be on government supports,” said Danielle McIntyre, the executive director at Interfaith Food Bank.

Read more: What we know so far about the CERB to EI transition

She said that as some of that provincial and federal aid starts to end or change, food banks are preparing for an increase in clients.

“We are now finally starting to see our numbers tick up, a lot of them because people have expended their time on

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