Banks usually offer loans at a concessional rate of interest to its employees. This is a benefit that the bank offers only to its employees.

Usually if a bank charges 10% rate of interest to a normal customer and 7% to its employee as a concessional rate, it so happens that 7% is the minimum interest that the bank has to collect from the person to maintain a balance between its lending and deposit rates and the remaining 3% is the profit that the bank would make which it is ready to forego because of the fact that, the borrower is an employee of the bank and the bank is willing to lose out on the interest in order to provide this benefit to its employee.

That is a wholesale financial institution who channel funds from donors and/or government to individual retail financial institutions at a concessional rate.

FREEDOM is not doing what we should. Doing as we should is possibly self concessional righteousness....coming from an atheist though.

There are provisions of concessional import duty/excise duty exemption, accelerated depreciation and tax holiday for setting up of grid connected rooftop power plants.

An interest concession is a reduction, compared with commercial interest rates, in the interest rate charged on a loan taken out. Such concessions are typically provided directly by a government agency or by a government grant to a lending bank (in the case of a commercial loan).