Jammu and Kashmir Bank Educational Loans
Jammu and Kashmir Bank
Bank Type : Private Bank
Graduate / P.G Courses in : Medicine, Surgery, Engineering, Hotel Management, Design, Architecture, Bio-chemistry, Agriculture, Veterinary etc.
P.G Courses in : Business Management, Chartered or Cost Accounting , Company Secretaryship.
Provided study loan amount in India
Up to 7.5 Lakhs
Provided study loan amount in Abroad
Up to 15 Lakhs
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 person intending to improve their educational qualification and/or receive training in modern technology in India or abroad can also be assisted under this scheme provided training offers prospects of better placement.
For loans upto Rs. 4 lacs – nil.
For loans above Rs. 4 lacs Studies in India – 5% Studies Abroad- 15%
Repayment Holiday/ Moratorium: Course period + 1 year or 6 months after getting job, whichever is earlier. The loan to be repaid in 5 to 7 years after commencement of repayment. If the student is not able to complete the course within the scheduled time, extension of time for completion of course may be permitted for a maximum of two years
Personal guarantee of borrower/ ’s.Collateral security equal to amount of loan.