Jammu & Kashmir Bank Education Loan | Education Loan in India | Student Loan in India

Student Education Loans by Jammu and Kashmir Bank


Scale of Finance 

  • Rs.7.50 Lacs for studies in India .
  • Rs.15.00 Lacs for studies abroad .

Courses Financed   
Graduate / P.G Courses in : Medicine, Surgery, Engineering, Hotel Management, Design, Architecture, Bio-chemistry, Agriculture, Veterinary etc.
P.G Courses in : Business Management, Chartered or Cost Accounting , Company Secretaryship.

  • Should be an Indian National
  • Should have secured admission to professional/technical courses through entrance test/selection process.
  • Should have secured admission to foreign universities/institutions
  • Should have passed the qualifying examination for admission to the courses.
  • Employed person intending to improve their educational qualification and/or receive training in modern technology in India or abroad can also be assisted under this scheme provided training offers prospects of better placement.


  • Personal guarantee of borrower/ 's
  • Collateral security equal to amount of loan.


  • For loans upto Rs. 4 lacs - nil
  • For loans above Rs. 4 lacs Studies in India - 5% Studies abroad - 15%


Rate of Interest (subject to change)

 Repayment Holiday/ Moratorium: Course period + 1 year or 6 months after getting job, whichever is earlier.
The loan to be repaid in 5 to 7 years after commencement of repayment. If the student is not able to complete the course within the scheduled time, extension of time for completion of course may be permitted for a maximum of two years 

Term Loan For B.Ed/ M.Ed. Courses

 To provide loan to students. Employed persons who want to pursue B.Ed/M.Ed courses.
For meeting admission / tuition/ examination/ library/ lab Fee.

Nature of Facility   Term Loan

  • Student should be an Indian National.
  • Should be a graduate in any discipline from any recognized university.
  • Should have secured admission to the recognized Institution/College imparting the B.Ed/M.Ed Course.
  • Loan application should be forwarded by the Principal of the college.

  Quantum of finance   Maximum: Rs 25,000.

  Margin   10%.

  Security   Third party guarantee of one person
  Processing charges   0.05% (Minimum: Rs.25/-)
  Rate of Interest    PLR with quarterly rests.
  Repayment   12 equal monthly installments.


Budshah Primary Education Finance
  Nature of Facility   Term Loan

To provide opportunity to children to have good quality primary education.

To finance the entire cost of education of a child including school fee, uniform, books, etc.
All Children above the age of 3 years. Finance granted in  the name of  Guardian.


 Quantum of Finance  

  Margin   10%.

  • Personal guarantee of the parent/guardian.
  • Third Party guarantee of one person*.

*(Third party guarantee shall not apply in case of Government employees drawing salary through our branches.)
  Criteria for Selection  

  • Child should be 3+ years of age.
  • The applicant should produce a Certificate from the concerned school    that the child has been granted Admission.
  • The loan application should be forwarded by the Principal of the School.
  • The parent/guardian should have an independent regular source of income.
  • The school should be recognized/ registered.


Processing Charges
 0.05% of the amount sanctioned with a minimum cap of Rs 25/- to be paid upfront
  Rate of Interest   PLR quarterly rests.
 Repayment   12 equal monthly installments. There shall be no moratorium period