Jammu & Kashmir Bank

Jammu & Kashmir Bank’s Educational Loan

Objective of the Scheme:

Jammu & Kashmir Bank provides financial support to meritorious students for pursuing higher education in India and abroad. Meritorious Students under management Quota are eligible for Education Loan.

Eligibility of the Student:

  • Should be an Indian National
  • Should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test / Merit Based Selection process after completion of HSC( 10 plus 2 or equivalent ).

Studies in India :       

  • Approved courses leading to graduate / post graduate degree and PG diplomas conducted by recognized colleges / universities recognized by UGC / Govt. / AICTE / AIBMS / ICMR etc.
  • Professional courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc.
  • Courses like ICWA, CA, CFA etc.
  • Courses conducted by IIM, IIT, IISc, XLRI. NIFT,NID etc.
  • Regular Degree / Diploma courses
  • Courses offered by National Institutes and other reputed private institutions.

Studies over a Wide Area :  

  • Graduation: For job oriented professional / technical courses offered by reputed Universities.
  • Post graduation: MCA, MBA, MS, etc.
  • Courses conducted by CIMA- London, CPA in USA etc.
  • Degree / diploma courses like aeronautical, pilot training, shipping etc provided these are recognized by competent regulatory bodies in India / abroad for the purpose of employment in India / abroad.

Liability of Finance :

Quantum of Finance :                       

  • 10.00 Lacs for studies in India.
  • 20.00 Lacs for studies abroad.

Margin            :

For loans Upto 4 lacs - nil

For loans above 4 lacs Studies in India - 5% Studies abroad - 15%

Processing Fee / Mortgage Charges : NIL

Rate of Interest :

Education Loans with tenure up to 5 years

Up to Rs. 5.00 lacs




Above Rs.5.00 lacs & up to Rs.10.00 lacs




Above Rs.10.00 lacs and up to Rs.20.00 lacs




Education Loans sanctioned for tenor exceeding 5 years, floating interest rate as per the following structure would apply: -

Up to Rs. 5.00 lacs




Above Rs.5.00 lacs & up to Rs.10.00 lacs




Above Rs.10.00 lacs and up to Rs.20.00 lacs




Repayment Period of the Loan :                  

  • Repayment of the loan will be in equated monthly installments for periods as under:
  • For loans up to   7.5 lakhs - upto 10 years
  • For loans above 7.5 lakhs - upto 15 years
  • Repayment shall start after Repayment holiday / Moratorium period , which shall be as under;
  • Repayment holiday / Moratorium Course period + 1 year or 6 months after getting job, whichever is earlier.

For more Details, Kindly refer the following link:


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