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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Urban unemployment at lowest since lockdown, even as salaried jobs get cut



a group of people sitting on a bench: The urban unemployment rate fell to 8.32 per cent in the week ending 6 September. 


© Provided by The Financial Express
The urban unemployment rate fell to 8.32 per cent in the week ending 6 September. 

The high unemployment rate in urban India subsided in the week ending 6 September 2020, falling to the lowest level since the lockdown began. The urban unemployment rate fell to 8.32 per cent in the week, according to the Centre for Monitoring Indian Economy. Interestingly, the employment situation in urban India has improved despite a severe loss of salaried jobs. An estimated 21 million salaried employees have lost their jobs by the end of August. There were 86 million salaried jobs in India during 2019-20, which fell to 65 million in August 2020. The loss in salaried jobs was the biggest among all types of employment.

So, what pushed urban employment?

Urban India’s growth story in terms of jobs is led by a significant rise in informal jobs. Street

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