Which State has signed two MoUs with Mumbai based State Bank of India (SBI) to provide housing loan and education loan for its employees

2017

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Assam
B	Bihar
C	Maharashtra
D	Jharkhand

Explanation:

Detailed explanation-1: -Education Loan Portalmean rate of interest 9.37%.

Detailed explanation-2: -We listed out some allowances that one can avail for a car loan being a government employee. At present, the SBI bank provides car loans at a rate of interest of 7.5%. The interest rate would vary between 7.5%-7.9%.

Detailed explanation-3: -SBI Student loan is available for studies in India and abroad. Loans upto 10 lakhs for Indian studies and 20 lakhs for studies abroad. Whereas SBI Scholar Loan is available for students joining elite institutions like IIT/ IIM/ NIT etc. The loans have attractive interest and repayment terms than normal student loan.

Detailed explanation-4: -Bank of Baroda offers various education loans at attractive interest rates with repayment tenure of up to 15 years. No collateral needs to be provided for education loans of up to Rs. 40.00 lakh for the identified premier institutes.

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