Hello readers welcome to JK NEWS HUB ! Here in this article i will provide you the information about the Loan Scheme of the Jammu and Kashmir bank. Peoples who wants to acquire personal loan this article should be helpful for you read carefully to get the the basic details like eligibility criteria, applying process, interest rate and other details.
J&K Bank Recruitment Personal Loan Scheme 2024:
J&K Bank offers several personal loan schemes depending on your employment status. J&K bank offers different personal lone on the basis on status of a person several of loan schemes are mentioned below.
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Scheme for Employees: This scheme offers loans to salaried employees of reputed institutions or corporate houses banking with J&K Bank. To be eligible, you must maintain your salary account with the bank or shift your existing account with at least one salary credited.
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Scheme for Professionals: This scheme caters to professionals with a maximum loan amount of 2.5 times your net annual income or 30 months of your net monthly income, whichever is lower. The bank considers the average income of the last two years for eligibility.
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Scheme for Pensioners: Existing pensioners or their spouse can avail loans under this scheme. To be eligible, you must maintain a satisfactory account with the bank for at least the last 6 months.
J&K Bank Loan Scheme Loan Products And Interest Rates:
| Particular | Details |
| Loan Products | Interest Rates per anum |
| Jammu and Kashmir Bank Personal Consumption Loan for Employees | Maintaining salary accounts with the Bank- 12.25% per anum.Not maintaining salary accounts with the Bank-13.25% per anum. |
| Jammu and Kashmir Bank Personal Consumption Loan for Professionals | 13.25% per anum.(fixed) |
| Jammu and Kashmir Bank Personal Consumption Loan for Pensioners | 12.25% per anum. (fixed) |
| Jammu and Kashmir Bank Personal Consumption Loan for Businessmen | 13.25% per anum. (fixed) |
| Festival Advance Loan | 12.25% per anum. (fixed) |
| For More deatils | Get to the official website of J&K bank. |
| J&K Bank Cash Credit Scheme (Salaried Employees) | 12.25% p.a. (fixed) |
| Official website | www.jkbank.com |
Read More:J&K Bank Recruitment 2024: Check Eligibility Criteria, Age And Online Apply
Types of Jammu & Kashmir Bank Personal Loan
Loan Amount: As per the J&K Bank Minimum Rs 50,000 Maximum Loan Amount Is not described:
- For permanent Government employees, employees, Institutions and Autonomous bodies of government having salary account with J&K Bank based monthly gross salary
- For government employees not having salary account with J&K times monthly gross salary or Rs 15 lakh.
- For employees of Corporate Houses or other reputed institutions having salary account with J&K Bank monthly gross salary or Rs 25 lakh, whichever is lower
J&K Bank Loan Scheme 2024 Fee and Charges:
| Loan Scheme | Fees and Charges |
| Jammu and Kashmir Bank Personal Consumption Loan for Employees | NIL |
| Jammu and Kashmir Bank Personal Consumption Loan for Professionals | 1% loan amount subject to maximum of Rs 10,000 plus GST |
| Jammu and Kashmir Bank Personal Consumption Loan for Pensioners | NIL |
| Jammu and Kashmir Bank Personal Consumption Loan for Businessmen | 1% loan amount subject to maximum of Rs 10,000 plus GST |
| Festival Advance Loan | NIL |
| Sahafat Finance Scheme | Rs 200 plus GST |
| J&K Bank Cash Credit Scheme (Salaried Employees) | 0.25% of loan amount (Rs 500 to Rs 1,000) plus GST |
How To Apply For The J&K Bank Recruitment 2024:
There are two main ways to apply for a JK Bank loan scheme online and offline. Its depends upon you while you are choosing online or offline mode.
- Online: JK Bank doesn’t seem to offer direct online applications for loans but they do have a web page where you can explore different loan schemes. Visit to the official page of J&K bank that is mentioned in the above table.
- Branch Visit: You can visit your nearest JK Bank branch and speak with a loan officer about the scheme you’re interested in. They can guide you through the application process and requirements.
Eligibility Criteria And Documents Required For The J&K Bank Loan Scheme 2024:
- Eligibility: Make sure you meet the eligibility criteria for the specific loan scheme you are interested in. Details on eligibility can be found on the bank website or by talking to a loan officer at the branch.
- Documents: You will need to provide certain documents to complete your loan application. These documents may vary depending on the loan scheme, but typically include ID proof, address proof, income proof, and bank statements.
Read More:J&K Bank 2024: Students Loan Scheme, Education Loan, Check Here Eligibility Details
Final Note:
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Hello readers i am Shazaib Qureshi i am a professional author and blogger known for my insightful writing on various subjects like Recruitment, Results, Scholarships and other carrier oppertunities. My blog showcases my expertise and passion for sharing knowledge with my audience. I have 6 years of experience in writing content. I have unique perspective and writing style which makes my work enjoyable, readable and educational.