Jammu and Kashmir Bank Education Loan

Jammu & Kashmir bank educational loan scheme finances fund for the higher study of students with Indian nationality. Read on further to know more about the scheme eligibility and procedure.

Bank Name Amount of Loan Repayment Tenure Interest Rate

10 - 20 lacs

15 years

11.25 - 12.75 %

Eligible Courses

For any change of policy or detailed and exact information you are required to visit the nearest branch of central bank however an overview is being given here.

To study in India :

  • Graduation courses in India which includes B.Sc., B.A. and B.Com. etc.
  • It does also include the professional courses like surgery, medicine, hotel management, engineering, architecture, design, veterinary and agriculture etc.
  • Some of the post-graduation courses that might include chartered accounting, cost accounting, business management, masters, company secretary ship and Ph.D. etc.
  • ICFA and CA like courses
  • Computer courses for hardware which should be approved from any of the department of electronics India
  • Courses from any of the autonomous institute like IIT IIM etc.
  • Regular course of civil aviation or shipping.
  • Indian courses from any of the reputed foreign university
  • Evening courses affiliated to some recognized institute
  • Other degree or diploma courses that are conducted under the govt. / AICTE / UGC or similar approving organizations
  • Courses from any of the national institutes
  • Technical or professional distance learning courses
  • Nursing / B. Ed. / teacher training courses

To study abroad :

  • Only the professional / technical courses for graduation degree which have the job potential offered under any of the reputed college / university only
  • Post-graduation courses from any of the university which include MBA, MCA or MS
  • CIMA –London and CPA –USA courses

Expenses that can be considered for granting loan

  • The expenses like fee for the college / university / hostel / books / instrument and equipment etc.
  • It may also include the expenses as guided by the college / university
  • Project work / thesis work expenses
  • Computer purchasing fee if it is necessary for the course completion

Amount of loan granted

  • Rs. 10 lakhs for students in India
  • Rs. 20 lakhs for students abroa

Interest rates

Interest rate float between 11.25 - 12.75% may subject to change.

Processing fee

No processing fee for loan of 4 lakhs and for more amount you can contact to the nearest branch

Repayment tenure

  • Repayment holiday including moratorium is equal to which one is less of below
  • One year later completion of course
  • 6 months later to getting a job
  • After ending of holiday period loan repayment tenure starts. After the commencement of loan repayment period it needs around 15 years for completion of loan repayment.
  • It can be extended in case if the student is unable to complete the course in desired period


  • Borrower and co-borrower’s personal guarantee
  • Collateral security guarantee which should be equal to the amount of loan


  • No margin for loan of amount 4 lakhs
  • 5 % margin for loan of amount greater than 4 lakhs and for India
  • 15 % margin for loan of amount greater than 4 lakhs and for abroad

Required Documents

  • Application form must be duly filled
  • Proof that applicant has got admission has secured admission in the course stated above
  • Proof of birth, domicile etc.
  • Collateral security in case if needed

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