Jammu Kashmir Bank Education Loan

Hi buddy as I want to apply for Jammu Kashmir Bank Education Loan ,so for the same here come to know its interest rate , so will you plz let me know about the same ??

[pooja]

Jammu and Kashmir Bank is an Indian public sector banking and financial services company

As you want I am telling Jammu and Kashmir Education Loan Interest Rates:

Jammu and Kashmir Education Loan Interest Rates:
The interest rate charged for Jammu and Kashmir Bank Education Loan depends on the tenure of the loan. Fixed interest rate is charged on loans with tenure up to 5 years as follows:

12.25% for loans up to Rs 5 lakhs
13.25% for loans above Rs 5 lakhs, up to a maximum amount of Rs 10 lakhs
14.00% for loans above Rs 10 lakhs, up to a maximum amount of Rs 20 lakhs

Floating interest rate is charged on loans with tenure of more than 5 years as follows:

Bank Rate + 1.5% OR Prime Lending Rate 3.00% for loans up to Rs 5 lakhs.
Bank Rate + 2.5% OR Prime Lending Rate 2.00% for loans above Rs 5 lakhs, up to a maximum amount of Rs 10 lakhs.
Bank Rate + 3.75% OR Prime Lending Rate 0.75% for loans above Rs 10 lakhs, up to a maximum amount of Rs 20 lakhs.

Repayment Tenure:

For loan amounts up to Rs 7.5 lakhs


Maximum 10 years

For loan amounts above Rs 7.5 lakhs


Maximum 15 years

Moratorium Period


6 months after getting employed or the duration of the course plus 1 year (whichever is earlier).

Margin:

For loans up to Rs 4 lakhs - No margin
For loans above Rs 4 lakhs - 5% for study in India; 15% for study abroad

Loan Eligibility:

The applicant should be a citizen of India

The applicant should have been selected for a technical or professional course in a recognised college / institution / university in India or abroad.

Bank profile:

Type Semi-Government
Traded as NSE: J&KBANK, BSE: 532209
Industry Banking, Financial services
Founded 1 October 1938
Headquarters Srinagar, Jammu and Kashmir, India
Key people Parvez Ahmad (Chairman & CEO)
Products Credit Cards
Mortgage loans
Services Consumer Banking
Corporate Banking
Financial Services
Private Banking
Cash Management
Mobile Banking
Revenue 68.21 billion (US$1.1 billion)(2015 16)
Operating income 116 billion (US$1.8 billion)(2015 16)
Net income 32.55 billion (US$510 million)(2015 16)
Total assets 420 billion (US$6.5 billion) as on 31 March 2016
Total equity 49.06 billion (US$760 million)(2012 13)
Number of employees 9400 as on 31 March 2013