The Jammu and Kashmir
Bank offers education loans to bright students with good academic record
undertaking graduation/ post graduation in Medicine, Surgery, Engineering,
Hotel Management, Architecture, Biochemistry, Veterinary Science etc.
Medicine, Surgery, Engineering, Design, Architecture, Biochemistry,
Agriculture, Veterinary etc.,
Business Management, Chartered or Cost Accounting, Company Secretary ship.
Quantum of Loan
|| Rs. 7.50 lakhs for studies in India.
|| Rs. 15.00 lakhs for studies abroad.
|| Personal guarantee of borrower.
|| Collateral security equal to amount of loan.
For loans up to Rs. 4 lakhs : Nil
For loans above Rs. 4lakhs : Studies in India : 5%
Studies abroad : 15%
Rate of Interest
Up to Rs. 25,000
: 10.5%p.a(with quarterly rests)
Rs. 25,000 to
: 11.5%p.a(with quarterly rests)
: 12.0 %p.a(with quarterly rests)
Above Rs. 5.00 lakhs : 12.0 % p.a. (with Quarterly
Course period plus one year or six months after getting job, whichever is
Loan to be repaid in 5-7 years after commencement of repayment
Since the rules, regulations, eligibility conditions, repayments and
interests rates etc. are revised by the banks from time to time in keeping
pace with the changing capital market conditions, students and parents are
advised to thoroughly check the terms and conditions of educational loan
scheme on offer at the time of application.
Karan Nagar, Srinagar - 190 010