Saraswat bank - Latest News Update, Information, Photos & Videos on Saraswat bank at Lokmat Times

Saraswat Bank, India's largest Urban Co-operative Bank, now offers pre-approved Education Loan to help students realize their educational goals and aspirations.The Covid-19 pandemic has drastically impacted the financial position of many households. Banks and other financial institutions have played a pivotal role during this period by lowering their lending costs. Saraswat Bank has already reduced its interest rates on various loan products like Housing Loan, Car Loan, Loan Against Property, Gold Loan, and Education Loan.Saraswat Bank offers pre-approved Education Loan at 8.50% p.a. Additionally, it extends other benefits like 100% finance of course fees, a special rate of 8.00% p.a. for girl students, zero processing fee, etc.*Terms and Conditions ApplyCovid-19 and the frequent lockdowns have impacted the education system to a great extent. But amidst these challenges, the pandemic has also opened various avenues, one of which is Open and Distance Learning (ODL). This has recently given wide recognition to many online courses. As a new feature in its Education Loan, Saraswat Bank has made provisions to extend finance to these courses (in India and abroad) as well, thus accepting and supporting the new curriculum avenue.Another such impact of the pandemic is the amplification of the currency exchange rate fluctuations faced by users while doing forex transactions. 25% discount on commission on purchases of Foreign currency or Forex remittance that is offered by the Bank to the borrowers has turned out to be a small ray of relief in this scenario.While opting for Saraswat Bank's Education Loan, various parameters like reduced interest rate, flexibility in loan tenure through moratorium, concessions on processing fee and other charges, special benefits to girl students, etc. will help alleviate students' financial burdens.Even in these challenging times, Saraswat Bank has posted commendable growth figures. The Bank's business crossed Rs. 67,000 crore in 2021 with a Net Profit of Rs. 270.24 crore. It also kept its NPAs at a low level of 1.04%, thus demonstrating a strong business position.Saraswat Bank has been recognized amongst the World's Best Banks by the prestigious Forbes survey for two years in a row. It has also bagged the "Best Technology Bank" Award for the 5th consecutive year at Indian Banks' Association (IBA) Technology Awards 2021 in the cooperative banking sector, along with an award for Best IT Risk & Cyber Security Initiatives and Runner-Up for Best Digital Financial Inclusion Initiatives.This story is provided by BusinessWire India. will not be responsible in any way for the content of this article. (/BusinessWire India)( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Saraswat BankFOLLOW

Saraswat bank, Latest News

Pune :The RBI has stopped the merger of Rupee Co-operative Bank with Saraswat Co-operative Bank.

Pune: The RBI has stopped the merger of Rupee Co-operative Bank with Saraswat Co-operative Bank, alleges Rupee Depositors Association. ... ...

Aurangabad :BJP protests against civic authorities for lethargy in providing relief to rain-affected persons

Aurangabad, Sept 8: BJP women's wing staged a demonstration, in front of the Aurangabad Municipal Corporation (AMC), today evening. ... ...

Business :Saraswat Bank donates Rupees one crore towards flood relief

Taking a serious note of the devastating flood situation prevailing in various parts of Maharashtra, especially the Konkan region and parts of Western Maharashtra, i.e. Raigad, Mahad, Khed, Chiplun, Sangameshwar, Ratnagiri, Kolhapur, Sangli and Satar ...

Business :Saraswat Bank's pre-approved Education Loan at its lowest ever interest rate

Saraswat Bank, India's largest Urban Co-operative Bank, now offers pre-approved Education Loan to help students realize their educational goals and aspirations. ...