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SBI cuts rates on study loans
India's largest lender, the State Bank of India (SBI), on Monday announced 25-100-basis point (bps) reduction in interest rates charged on educational loans. The bank is now offering educational loans of up to Rs 4 lakh at 13.5 per cent, between Rs 4 lakh and Rs 7.5 lakh at 13.25 per cent and above Rs 7.5 lakh at 12 per cent. SBI said loans of up to Rs 15 lakh would be given at 12 per cent under a
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