Jammu and Kashmir Bank Education Loan Summary Table
Jammu and Kashmir Bank Education Loan Limit | For India – INR 10 Lakhs
For Abroad – 30 Lakhs |
Jammu and Kashmir Bank Education Loan Interest Rate | 13% per annum |
Jammu and Kashmir Bank Education Loan Margin | For loan above INR 4 Lakhs
In India: 5% In abroad: 15% |
Jammu and Kashmir Bank Education Loan Processing Fee | Up to INR 4 Lakhs: Nil
Above INR 4 Lakhs: Nil |
Jammu and Kashmir Bank Education Loan Security |
Up to 7.50 Lakhs: Only Parent/ Guardian as co-borrower. No Collateral Security or third party guarantee. Above INR 7.50 Lakhs: Tangible security along with parents as co-borrower |
Jammu and Kashmir Bank Education Loan Repayment | Starts After 1 year of course completion or 6 months after getting a job |
Jammu and Kashmir Bank Education Loan Features
The demand to apply for higher education from a reputed college is increasing which in result increases the chance of getting a well-paid job. But don’t have enough funds for it? Then education loans can be your saviour.
Education loans help those students, who have the capabilities and potential. The loan covers their expenses for education such as tuition fees etc. The loan can be availed to study in India or even abroad studies. Whatever the case Jammu & Kashmir Bank is there to help the students. Every student can apply for the Jammu and Kashmir Bank Education Loan by following the specific criteria and documentation.
Jammu and Kashmir Bank Education Loan Eligibility
Parameters | Eligibility Criteria |
Applicant’s Age |
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Who Can Apply? |
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Maximum Loan Amount |
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Frequency Of Repayment |
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Repayment Period |
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Jammu and Kashmir Bank Education Loan Interest Rate
Jammu and Kashmir Bank Education Loan interest rates range from 12.25% and 14.00%.
Loan Amount Range | Courses in India | Courses Abroad | IIT, IIM, ISB Courses |
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Loans up to Rs. 5 lakh | 12.25 % , for Girls – 10.00% | 12.25 % , for Girls – 10.00% | 12.25 % |
Loans Rs. 5.0 – 10 lakh | 13.25 % , for Girls – 10.00% | 13.25 % , for Girls – 10.00% | 13.25 % |
Loans > Rs. 10 lakh | 14.00 % , for Girls – 10.25% | 14.00 % , for Girls – 10.25% | 14.00 % |
Jammu and Kashmir Bank Education Loan Schemes with detailed features, documents, max loan, courses
Schemes | Maximum Loan Amount | Interest Rates |
Jammu & Kashmir BankEducation Loan in India |
Rs. 10 Lakh | 14.00 % |
Jammu & Kashmir Bank Education Loan in Abroad |
Rs. 30 Lakh | 14.00 % |
Jammu and Kashmir Bank Education Loan Documents Required
Under Know Your Customer Policy (KYC), the bank requires certain documents. These documents are required from both the student and co-borrower:
Identity Proof |
One of any mentioned documents for Identity proof:
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Residence Proof |
One of the following documents for Residence proof (It should not be more than 3 months old):
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Income Proof in case of salaried co-borrower |
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Income proof for self-employed co-applicant |
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Additional documents: Aside from KYC documents:
Student Applicant | Mandatory Passport submission |
Academic Records: X, XII grade results. Graduation results semester wise. Entrance Exam results that formed the basis of admission | |
Proof of admission: A conditional application letter may be considered | |
Cost of education, schedule of expenses. | |
2-passport size photographs | |
If the loan was taken out before then loan account statement for the last 1 year. | |
Co-applicant | 2-passport size photographs |
If the loan was taken out before then loan account statement for the last 1 year. |
Jammu and Kashmir Bank Education Loan Offered Courses
The Education Loan covers courses that are only regular full-time Degree or Diploma courses that the student secured through selection or merit. Jammu and Kashmir Bank Education Loan also considers Full-time Executive Management Courses like PGPX.
EMI Calculator
You can check the EMI for Jammu and Kashmir Bank education loans by clicking on EMI Calculator.
Jammu & Kashmir Bank: Takeover of Education Loan
An Education Loan is Transferable, it is basically a process of transferring high-interest debt from one lender to another lender and with a lower interest rate and better repayment policies.
The Jammu & Kashmir Bank Takeover Of Collateralised Education Loans Scheme can be availed at an interest rate of 1Year MCLR + 1.50% spread. Jammu & Kashmir Bank also gives a 0.50% concession in the interest rate for girls.
How To Apply For Jammu and Kashmir Bank Education Loan
- Visit Dialabank for an education loan.
- Go to the Jammu and Kashmir Bank Education Loan page.
- Check out the eligibility and documents required for an education loan.
- Fill out all the details required in the Education Loan application form.
- Our representative will soon contact you for a further stress-free process.
List of Approved Institutes
- Architecture college
- Law college
- Medical college
- Pharmacy college
- Engineering college
- Bio-technology
- college
- Management college
- Science, Commerce, and Arts college
- Physical education college
- B.ED college
FAQs For Jammu and Kashmir Bank Education Loan
✅ In whose name is the loan granted?
The loan is specially made for a student’s education and therefore, it is granted in the name of the student.✅ What is the age limit for availing of an education loan in Jammu and Kashmir Bank?
There is no age limit restriction in education loans. However, the student must clear all the eligibility criteria’s stated by the bank