Jammu & Kashmir Bank Education Loan

Jammu & Kashmir Bank was incorporated in the year 1938 and listed on NSE and BSE. The J&K Bank is rated P1+, indicating the highest degree of safety by Standard & Poor and CRISIL. Jammu & Kashmir Bank is the sole bank for the government of Jammu & Kashmir.

Three types of Education Loans are provided by the Jammu and Kashmir bank such as Education Loan Scheme, Term Loan for B.Ed/ M.Ed Courses and Budshah Primary Education Finance.

• Should be an Indian National.
• Must take secure admission through the entrance test or any merit selection procedure.
• Secured admission to the foreign institutes or universities.
• Student should pass examination which is needed for the admission process.
• For receiving the training, student should have improved the educational qualification.

• Graduate P.G, Professional Courses, Computer Certificate Courses, and Courses like ICWA, CA, CFA etc.
• Regular Degree/Diploma courses
• Courses offered in India by reputed foreign universities.
foreign universities
• Evening courses of approved institutes.
• Other courses leading to diploma/ degree etc. conducted by colleges/ universities approved by UGC/ Govt/ AICTE/ AIBMS/ ICMR etc.
• Courses offered by National Institutes
• Courses under Distance Education/ learning leading to professional/ technical certificates/ degree/ diploma courses etc offered/ conducted by reputed colleges/ universities/ institutions recognized/ approved by UGC/ Govt./ AICTE/ AIBMS/ ICMR etc.
• Teacher Training Courses/ Nursing Courses/ B.Ed. conducted by institutions that are approved by Central Government/ State Government provided the said courses lead to degree or diploma and not to certification course.

• Graduation: For job oriented professional/ technical courses offered by reputed universities.
• P.G Courses: MCA, MBA, MS, etc.
• Courses conducted by CIMA- London, CPA in USA etc.

• Rs.10.00 Lakh for studies in India.
• Rs.20.00 Lakh for studies abroad.

• Borrower's personal guarantee
• Collateral security which is same as loan amount

• For loans upto Rs. 4 lakhs - nil
• For loans above Rs. 4 lakhs Studies in India - 5% Studies abroad - 15%

• To provide loan to students and employed persons who want to pursue B.Ed/M.Ed courses.
• For meeting admission / tuition/ examination/ library/ lab Fee.

• Student should be an Indian National.
• Should be a graduate in any discipline from any recognized university.
• Should have secured admission to the recognized Institution/College imparting the B.Ed/M. Ed Course.
• Loan application should be forwarded by the Principal of the college.

• Maximum: Rs 25,000.

• Third party guarantee of one person

• 12 equal monthly installments.

This loan is purely for Primary students to cover the entire cost of education of a child including school fee, uniform, books, etc.

• Child above 3 years.

• Primary Education -Govt-2000 & Private-30000
• Secondary Education- Govt-5000- & Private-25000

• 10%.

• Parents to be joint borrower(s). No Security
• Besides the parent(s) executing the documents as joint borrower(s), collateral security in the form of suitable third party guarantee will be taken. The Bank may, at its discretion, in exceptional cases, waive off third party guarantee if satisfied with the net-worth / means of parent/s who would be executing the document as joint borrower(s).
• Parent(s) to be joint borrower(s) Tangible collateral security of suitable value acceptable to bank.

• 12 equal monthly installments. There shall be no moratorium period

Registered Office
Jammu & Kashmir Bank Ltd.
M.A. Road,
Srinagar - 190 001
EPABX Numbers: (0194) 2481930 - 2481935
Website -http://www.jkbank.net

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.