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


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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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Thousands of jobs could be lost in London unless business rates holiday extended, Sadiq Khan warns



Sadiq Khan wearing a suit and tie: (Getty Images)


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Sadiq Khan is urging the Government to extend the business rates holiday for another year over fears thousands of jobs could be lost in London and across the country.

After the coronavirus pandemic hit the UK, business rates for retail, hospitality and leisure businesses in England were halted until the new financial year starts in April.

In a joint submission to the Government’s business rates review, the mayor of London has joined with councils in the capital to call for an extension to 2021/22.

Raising concerns that thousands of jobs could be lost, the mayor’s office said this would provide support to businesses who have suffered a drop in footfall due to the coronavirus crisis.

“Businesses across London continue to struggle from the impact of Covid-19,” Mr Khan said.

“If the business rates holiday comes to an end, I worry any employers will

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Fed Sees Rates Near Zero Through 2023 to Boost Jobs, Prices

(Bloomberg) — Federal Reserve officials held interest rates near zero and signaled they would stay there for at least three years, vowing to delay tightening until the U.S. gets back to maximum employment and 2% inflation.

The U.S. central bank “expects to maintain an accommodative stance” until those outcomes are achieved, it said in a statement Wednesday following a two-day meeting that beefed up its description of future policy.

The fresh guidance is the Fed’s first step in an evolving communication strategy, after it unveiled a new long-term policy framework last month to allow inflation to overshoot its 2% target after periods of under-performance.



a screenshot of a video game: The Fed's New Dot Plot


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The Fed’s New Dot Plot

Announced by Chair Jerome Powell at the Fed’s Jackson Hole conference, officials expect to refine their approach to economic projections later this year and they may also reach consensus on how to talk about their balance sheet.

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Fed’s Powell: rates to stay low for ‘however long it takes’

(Reuters) – Federal Reserve Chair Jerome Powell on Friday said the U.S. jobs report for August was “a good one,” but noted that with gains likely to slow, the central bank is planning to keep its foot on the monetary policy gas pedal for years.

FILE PHOTO: Federal Reserve Chairman Jerome Powell, wearing a face mask, on Capitol Hill in Washington, U.S., June 30, 2020. Tasos Katopodis/Pool via REUTERS

“We do think it will get harder from here — because of those areas of the economy that are so directly affected by the pandemic still,” Powell told National Public Radio in an interview, referring particularly to sectors like leisure, hospitality, travel and entertainment that depend on large gatherings made unsafe by the virus.

Even as U.S. employers added 1.37 million jobs last month, the total number of jobs regained since the crisis has only been about half the total lost,

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With low interest rates and supply of homes down, Danville becomes hot real estate market | Business News

Robert Bridgforth with Wilkins & Co. Realtors said the boom has been going on since about January.

“Sellers are getting multiple offers within two weeks of listing dates. The historically lowest interest rates, sometimes below 3%, are driving buyers to commit to 30-year fixed rates,” he said.

Other aspects of the pandemic

Moody also cites the low interest rates, but added that some workers actually got an economic boom during the pandemic.

“The essential workers are working extra, and the workers who got temporarily laid off got an economic boost from the government,” she said.

That can be tricky, though. She said that workers need to be back at work for a couple of paychecks before being approved for a home loan.

One of her clients had to postpone his new home search because he took a free pass on a house payment, which disqualified him.

Another way the pandemic

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