J&K Bank Personal Loan Interest Rates

• There are no restrictions or any limits on how the loan amount can be used.
• Flexible lease terms of up to 84 months (subject to conditions.)
• No security is required.
• The loan is repayable in convenient installments.
• Payment via Standing Instruction is one of the Jammu and Kashmir Bank loan payment methods.
• Personal loans are also provided for the purchase of consumer durables, scooters for ladies, festival advances, computers, and cellphones.
• Documentation is basic and straightforward.
• Saral Finance Eligibility: For state and federal government employees, as well as public-sector enterprises.

Folowing are the types of Personal Loan Schemes from Jammu and Kashmir Bank-

The goal is to address all of your personal financial needs.

• 42 times the monthly gross salary for permanent government employees, staff of PSUs, institutions, and autonomous organizations of government holding salary accounts with J&K Bank
• For government employees who do not have a salary account with J&K Bank, the amount is equal to 24 times the monthly gross pay or Rs 15 lakh, whichever is less.
• Employees of Corporate Houses or other respected institutions with a salary account with J&K Bank are entitled to 30 times their monthly gross salary or Rs 25 lakh, whichever is less.

Term loans are used to address personal and professional needs.

Loan Amount: 2.5X net annual income or 30 months net monthly income, whichever is less, or Rs 20 lakh.

Tenure: Up to seven years

Processing Fees: 1% of the loan amount up to Rs 10,000+GST.

Term loans are used to meet personal needs.

Loan Amount: Rs 20 lakh for 30 months based on net monthly income.

Tenure: Up to seven years.

Processing Fees: 1% of the loan amount up to Rs 10,000+GST.

Purpose: A term loan for any personal needs.

Amount of Loan: For Pensioners - 30 times net monthly pension.

The motive is to raise funds for the festival activities.

Amount of the loan: The minimum loan amount is Rs 5,000. The maximum loan amount is the Average net salary for the previous three months, subject to a maximum of Rs 40,000; the average is less than Rs 50,000 Rs 60,000; the average is Rs 50,000-Rs 80,000 Rs 75,000, and the average is Rs 80,000 or more.

On a merit basis, composite loans are made to journalists/media workers and newspaper employees/media houses to cover personal or professional needs.

Loan Amount: Up to 36 times net monthly income, subject to a maximum loan amount of Rs 50,000-Rs 3 lakh.

Tenure: up to five years.

• Age: 18 years to 1 year before retirement/18-65 years (Sahafat Finance Scheme)/ 21 years to 1 year before retirement (J&K Bank Cash Credit Scheme) Pensioners can live for up to 69 years.
• Workers of Corporate House banking with J&K Bank, permanent employees with salary accounts with the bank, or who will transfer their existing salary accounts to J&K Bank with at least one salary received in the account.
• Permanent personnel of the Central/State Governments, PSUs, Government Institutions, Autonomous Bodies, and government employees (for J&K and Ladakh only) hired under SRO 202 with an 18-month service period.
• Doctors, engineers, architects, attorneys, and CPAs who keep relationships with banks.
• Permanent employees of respected institutions with bank accounts with J&K Bank and salary accounts with J&K Bank or who transfer their existing salary accounts to J&K Bank with at least one salary received in the account.
• Central/State/Union Territory Administration Pensioners/Family Pensioners who have pension accounts with J&K Bank and withdraw their pensions from J&K Bank or who have pension accounts with J&K Bank but receive their pensions from another bank.
• Businessmen who have maintained a current deposit account or a business loan account with J&K bank for three years.
• Permanent employees/pensioners of the State/Central Government, Government/Semi-Government Undertakings, and Autonomous Bodies who get a salary or pension from J&K Bank.
• Journalists and media personnel.

• Proof of Identity: Your Aadhaar Card, Voter ID Card, PAN Card, Passport, Driving License, and so forth.
• Recent colour passport pictures.
• Proof of Income: This could be your pay stubs, bank statement, profit and loss statement, Income Tax Return, and so on.
• Personal loan application form: It must be completed and signed.
• Proof of Address: The most recent utility bill (electricity/telephone bill), bank passbook, Aadhaar Card, and so on.