Question by a18: why do banks in the phil. give low interest rate loans to agriculture industry?
what is the reason why interest rates vary in different industries.

Best answer:

Answer by jeff410
Because they’re subsidized by the government, less risk of default.

Add your own answer in the comments!

There are two routes to getting a loan with bad credit: by applying direct to a guarantor loans lender or by using a no upfront fee charging loanfinder. Guarantor loans are available to everyone that has a friend, family member or acquaintance who meets the basic guarantor requirements and is prepared to take on the responsibility for the loan. Using a loanfinder or a broker to find you a loan with bad subsidy is the easy route but can expense you dear.

SBI announced to reduce interest rates for education loans up to 250 basis points, for a bounded period. All the education loans which are linked with the banks prime lending rate (PLR), interest rates will be lowered. Education loans up to Rs 4 lakh now will be on 11.5% from 11.75%. In this term SBI has announced its interest rates 11.25% from 13.25% on educational loans.

Presently, SBI offers 12.25% per annum for loans of 7.5-lakh. On the loan amount now, SBI has reduced by 1.25%. For the girl student’s concession of 0.50% will be available further.