Customers of Jammu and Kashmir Bank have access to a wide range of financial products. Customers wishing to purchase their ideal car at a reasonable rate of interest can apply for a Jammu and Kashmir Car Loan.
Here is the varied set of characteristics that these car loan schemes carry-
Here is a table to show the J&K Bank car loan interest rate for 2024:
Floating Car Loan Interest Rate JK Bank
RLLR + 0.75% p.a.
Fixed Interest Rate
RLLR + 1.50% p.a.
Processing Fees: Up to 0.50% of the loan amount + GST is available. The minimum and highest fees that can be assessed, however, are Rs.1,500 and Rs.15,000, respectively.
Following are the different kinds of car loans from Jammu and Kashmir Bank-
The process to apply for the car loan from J&K Bank is mentioned below:
Step 1: Visit the Jammu and Kashmir Bank's official website.
Step 2: Select "Car Loan Scheme" from the "Personal" menu.
Step 3: In the upper right-hand corner of the page, click "Apply Online."
Step 4: You will be redirected to another page where you must complete your application by filling in the appropriate fields and clicking the "submit" button.
Following are the documents needed to apply for the car loan from Jammu and Kashmir Bank-