Assam govt, SBI sign MoU over housing, educational loan at subsidized interest rates

The state government of Assam has signed two MoUs with Mumbai-based State Bank of India(SBI) to provide housing loan and education loan for its employees.

Devajyoti Hazarika, state additional secretary of finance and Om Prakash Mishra General Manager of SBI of NE Circle have signed MoU for loan facility at subsidized interest rates. 

To provide housing loan at hugely subsidized interest rates of 5% for its women employees and 5.5 % for men, and education loan for higher education for their children at 4% interest rate. Both types of loans will be free of any collateral security and processing fee.
Takeaways from above News-
  • Assam govt signed two MoUs with SBI to provide housing loan and education loan for its employees.
  • SBI headquarter is in Mumbai
  • SBI was founded in 1955
  • SBI chairman is Arundhati Bhattacharya.

If you have any other takeaways, do share with us in the comment section

Source- The Hindu

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