J & K Grameen Car Loan Features
J&K Grameen Bank (JKGB), established on 30th June 2009 under sub-section (1) of Section 23-A of the RRB Act, 1976 (21 of 1976) and functioning in 11 Districts in the Union Territory (UT) of Jammu & Kashmir and 2 Districts in UT of Ladakh.
The network of the Bank consists of Six Regional Offices and 217 branches i.e. 215 branches in the UT of Jammu & Kashmir and 2 branches in the UT of Ladakh, which are engaged in providing all kind of financial services in both the Union Territories.
The Authorized Capital of the Bank is ₹2000 Crores (200 Crore shares of ₹10/- each). The Paid-up Share Capital of the Bank is ₹ 97.16 Crores (971.60 Lakh shares of ₹10/- each).
J & K Grameen Car Loan Eligibility
J & K Grameen Car Loan Documents Required
J & K Grameen Car Loan Approval Process
Step 1: Visit the official website of Jammu and Kashmir Bank.
Step 2: Under the “Personal” section, click on “Car Loan Scheme”.
Step 3: Click on “Apply Online” located on the middle right-hand corner of the page.
Step 4: You will be redirected to another page where you have to fill in the required fields and click on the “submit” button to complete your application.
FAQs on J & K Grameen Car Loan Approval Process
✅ What is the rate of interest for a car loan in JK Bank?
Fixed interest rate – 8.70% p.a. onwards Floating interest rate – 7.85% p.a. onwards
✅ How can I check my loan balance in JK Bank?
A person can check the loan status by calling the numbers 1800 1800 234 for any financial queries including Personal Loan. You can also directly go to the branch you apply at to meet the officer in charge to know the status of your personal loan application.
✅ Is J&K Bank Private?
Profile. Government banking company incorporated and registered under the J&K Companies Regulations No. XI of 1977 (Samvat) and Old Private Sector Bank under RBI Guidelines According to the website, J&K Bank functions as a universal bank in Jammu & Kashmir and as a specialised bank in the rest of the country.