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  #2  
2nd November 2015, 07:50 AM
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Re: Jammu And Kashmir Bank Home Loan

Hii buddy , Will you please provide me Details for Jammu And Kashmir Bank Home Loan Rates and Eligibility ?
  #3  
2nd November 2015, 07:50 AM
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Join Date: May 2012
Re: Jammu And Kashmir Bank Home Loan

: Friend ,For your help ,Here I am providing Details for Jammu And Kashmir Bank Home Loan Rates :

Eligibility for J & K Bank Home Loan :

• Employees of Govt. , Semi-Govt. Dept., Civic Bodies, PSU’s with minimum 5 years service.

• Reputed Businessmen with minimum 5 years standing

• Professionals & Self employed like Doctors ,Engineers , CA’s , Advocates with minimum 5 years standing

Repayment options :


For construction of new house 20 years including 9 months moratorium in equal monthly installments.(Applicable to new loans and disbursements only)

For addition / Renovation 10 years Including 2 months moratorium in equal monthly Installments.

Margin :


15% for construction/purchase of built house flat
20% for renovation/purchase of land


Processing charges : 0.25% of loan amount


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%

Interest Rates on Domestic Term Deposits of 1.00 Cr to less than 5.00 Crores w.e.f :


Maturity Period Deposit Type Interest Rates Per Annum

7 days to 30 days Domestic/NRO 6.00%
31 days to 45 days Domestic/NRO 6.00%
46 days to 90 days Domestic/NRO 6.50%
91 days to 180 days Domestic/NRO 7.00%
181 days to 270 days Domestic/NRO 7.25%
271 days to less than 1 year Domestic/NRO 7.50%
1 year to less than 3 years Domestic/NRO/NRE 7.75%
3 years to less than 5 years Domestic/NRO/NRE 7.75%
5 years to 10 years Domestic/NRO/NRE 7.50%


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