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.


Eligible Courses
Graduate/P.G. courses
Medicine, Surgery, Engineering, Design, Architecture, Biochemistry, Agriculture, Veterinary etc.,
P.G. Courses
Business Management, Chartered or Cost Accounting, Company Secretary ship.


Eligibility

	Should be an Indian national.
	Should have secured admission to professional/ technical courses through entrance test/ selection process.
	Should have secured admission to foreign universities/institutions.
	Should have passed the qualifying examination for admission to the courses.
	Employed persons intending to improve their educational qualifications in India or abroad can also be assisted under this scheme provided training offers prospects of better placement.

Quantum of Loan

	Rs. 7.50 lakhs for studies in India.
	Rs. 15.00 lakhs for studies abroad.

Security
 

	Personal guarantee of borrower.
	Collateral security equal to amount of loan.

Margin
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)

       Rs.5.00 lakhs             :  12.0 %p.a(with quarterly rests)

       Above Rs. 5.00 lakhs : 12.0 % p.a. (with Quarterly rests).


Repayment
Course period plus one year or six months after getting job, whichever is earlier.
Loan to be repaid in 5-7 years after commencement of repayment

Important
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.

Central Office
Karan Nagar, Srinagar - 190 010
Website: www.jkbank.net