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| COMPARE : EDUCATION LOANS |
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| Jammu & Kashmir Bank Education Loan |
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| Highlights |
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Study Abroad |
Study India |
| Course |
Post Graduation |
Post Graduation |
| Loan Type |
Term Loan |
Term Loan |
| Loan Purpose |
Bank provides Loan for studies in abroad for
Graduation: For job oriented professional/ technical courses offered by reputed Universities.
Post graduation: MCA, MBA, MS, etc.
Courses conducted by CIMA- London, CPA in USA etc.
Degree/diploma courses like aeronautical, pilot training, shipping etc provided these are recognized by competent regulatory bodies in India/abroad for the purpose of employment in India/abroad. |
Bank provides loan for studies in India for:
Approved courses leading to graduate/ post graduate degree and P G diplomas conducted by recognized colleges/ universities recognized by UGC/ Govt./ AICTE/ AIBMS/ ICMR etc.
Professional courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc.
Courses like ICWA, CA, CFA etc.
Courses conducted by IIM, IIT, IISc, XLRI. NIFT,NID etc.
Regular Degree/Diploma courses like Aeronautical, pilot training, shipping, degree/diploma in nursing or any other discipline approved by Director General of Civil Aviation/Shipping/Indian Nursing Council or any other regulatory body as the case may be, if the course is pursued in India.
Approved courses offered in India by reputed foreign universities.
Courses offered by National Institutes and other reputed private institutions. |
| Loan Amount |
Repayment:
For loans up to 7.5 lakhs - upto 10 years
For loans above 7.5 lakhs - upto 15 years
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Repayment:
For loans up to 7.5 lakhs - upto 10 years
For loans above 7.5 lakhs - upto 15 years
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| Margin Money |
For loans upto 4 lacs - nil
For loans above 4 lacs - 15%
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For loans upto 4 lacs - nil
For loans above 4 lacs - 5%
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| Tenure |
Min. - 1 Yrs.
Max. - 15 Yrs.
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Min. - 1 Yrs.
Max. - 15 Yrs.
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| Interest Rate |
Up to Rs. 5.00 lacs - 12.25%
Above Rs5.00 lacs & up to Rs.10.00 lacs - 13.25%
Above Rs.10.00 lacs and up to Rs.20.00 lacs - 14.00%
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Up to Rs. 5.00 lacs - 12.25%
Above Rs5.00 lacs & up to Rs.10.00 lacs - 13.25%
Above Rs.10.00 lacs and up to Rs.20.00 lacs - 14.00%
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 Fees & charges
Fees & charges
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Study Abroad |
Study India |
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| Comment on Charges |
Penal interest @ 2% |
Penal interest @ 2% |
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Security
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Security |
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Up to 4.00 lacs
Parents to be joint borrower(s). No Security
Above 4 lacs and up to7.5 lacs. Besides the parent(s) executing the documents as joint borrower(s), collateral security in the form of suitable third party guarantee will be taken. The Bank may, at its discretion, in exceptional cases, waive off third party guarantee if satisfied with the net-worth / means of parent/s who would be executing the document as joint borrower(s).
Above 7.5 lacs Parent(s) to be joint borrower(s) Tangible collateral security of suitable value acceptable to bank. |
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