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  #2  
4th August 2015, 11:39 AM
Super Moderator
 
Join Date: Apr 2013
Re: Home loan from Jammu and Kashmir bank

As you want to get a home loan from jammu and kashmir bank and asking for eligibility for it , os here I am sharing same:


For Salaried persone:
One working in Govt. Deptt (State/Central) as a confirmed employee or
working in Public Sector Undertakings/Autonomous Bodies / Reputed Companies /Bodies with a minimum of 3 years of service.

Professionals/ Self Employed :
You should be Professional/Self employed doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretaries, management consultants, advocates etc, with a minimum 3 years standing in the current profession.

Businessmen/women (Individuals) :
For woman candidate she should reputed Businessmen/women having dealings with the bank & having a minimum standing of at least 3 years in the business.

Pensioners:
State/Central Govt. Pensioners, except family pensioners, drawing their monthly pension from our bank whose spouse is alive and is eligible for family pension. In such cases guarantee of spouse eligible for family pension & mortgage of house/flat should be obtained invariably.

Interest Rates on Housing Loans : Floating Rate Option

Loan Amount Interest rate w.e.f. 26.06.12
Upto Rs. 25.00 lacs 11.00%
Above Rs. 25.00 lacs and upto Rs.75.00 lacs 11.25%
Above Rs. 75.00 lacs 12.00%
  #3  
5th December 2015, 03:28 PM
Unregistered
Guest
 
Re: Home loan from Jammu and Kashmir bank

I would like to know the margins, eligibility as well as the rate of interest for housing loans for J&K Bank?
  #4  
5th December 2015, 03:32 PM
Super Moderator
 
Join Date: Apr 2013
Re: Home loan from Jammu and Kashmir bank

The margins, eligibility as well as the rate of interest for housing loans for J&K Bank is mentioned below:

Quantum of loan provided by J&K Bank:


Margin

For fresh construction/purchase.

Loan Amount Minimum Margin Maximum LTV

Upto Rs.20.00 lacs 15% 85%

Above Rs.20.00 lacs 20% 80%


For Supplementary/ repairs/renovation/additions/alterations:

For Loans Upto Rs.5.00 lacs : NIL

For Loans above Rs.5.00 lacs & Upto Rs.10.00 lacs : 10%.

For Loans Above Rs.10.00 lacs : 15%

Eligibility for Loans:

Salaried Individuals:

Individuals functioning in Govt. Deptt (State/Central) as a confirmed employee.
Individuals functioning in Public Sector Undertakings/Autonomous Bodies / Reputed Companies /Bodies with a minimum of 3 years of service.

Professionals/ Self Employed :
Professional/Self employed like doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretaries, management consultants, advocates etc, with a minimum 3 years standing in the current profession.
Businessmen/women (Individuals) :
Reputed Businessmen/women having transactions with the bank & having a minimum standing of at least 3 years in the business.

Pensioners:
State/Central Govt. Pensioners, apart from family pensioners, earning their monthly pension from J&K bank whose other half is alive and is eligible for family pension. In such cases assurance of spouse eligible for family pension & mortgage of house/flat should be obtained invariably.

Processing charges

0.25% of the loan amount with bare minimum of Rs. 500 and maximum of Rs 10000, in addition to service tax. In case of takeover from other banks/FIs, no processing charges will be levied.







Address:

he Jammu & Kashmir Bank Ltd.
Corporate Headquarters
M.A Road
Srinagar, J&K , India

Phone : 0194-2481900,
Fax: 0194-2481902

Please find the image attached below for the rate of interest for housing loans ;
Attached Files
File Type: doc Home loan from Jammu and Kashmir bank.doc (355.5 KB, 61 views)


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