Jammu And Kashmir Grameen Bank Education Loan Interest Rate
| INTEREST RATE | 10.95% to 12.20% |
| LOAN TENURE | In 5 to 7 years after the Holiday | Moratorium Period |
| PROCESSING FEE | As decided by the bank from time to time |
| GUARANTOR REQUIRED | Yes |
| PRE CLOSURE CHARGES | As decided by the bank from time to time |
About Jammu And Kashmir Grameen Bank
Jammu And Kashmir Grameen Bank is a gramin bank in India established on 30-06-2009. It has headquarter in Jammu and address is Near Fruit Complex, Narwal, Jammu - 180 006, Jammu & Kashmir. it has 132 branches across the state.
It provides all the financial services to its customers like saving deposit, fixed deposit, recurring deposit, loans, personal loans, netbanking, RTGS, NEFT, IMPS, Atal Pension Yojana, Pradhan Mantri Jandhan Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and many more.
Jammu And Kashmir Grameen Bank Education Loan Interest Rates, Education Loan at 10.95% to 12.20% Updated on 12 Dec 2024. Apply for Education Loans Online. Find Jammu And Kashmir Grameen Bank Education loan purpos, Eligibility, Margin, Repayment of Education Loan ,Security, Documents Required for Education Loan from below.
Other Products of Jammu And Kashmir Grameen Bank:
Jammu And Kashmir Grameen Bank Education Loan Purpose
To provide financial assistance to the deserving / meritorious students in getting their education completed specially for higher education. The scheme aims to ensure that the deserving students may not loose opportunities for want of arrangements of funds.
Jammu And Kashmir Grameen Bank Eligible Courses for Education Loan
Studies in India:- Graduate Courses: BA, B.Com. B.Sc. etc.
- Post Graduate Courses: Masters & PhD.
- Professional Courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, etc.
- Courses like ICWA, CA, CFA etc.
- Courses conducted by IIM, IIT, IISc, XLRI, NIFT etc.
- Regular Degree|Diploma courses like Aeronautical, Pilot Training, Shipping etc. approved by Director General of Civil Aviation/Shipping, if the course is pursued abroad, the Institute should be recognized by the competent local aviation|shipping authority.
- Courses offered in India by reputed foreign universities.
- Evening courses of approved institutes etc.
- Graduation: For job oriented professional|technical.
- Courses offered by reputed universities.
- Post Graduation: MCA, MBA, MS, etc.
- Courses conducted by CIMA- London, CPA in USA etc.
Jammu And Kashmir Grameen Bank Education Loan Document Required
For salaried individuals
- Duly filled up and signed education loan application form along with photographs
- KYC (Know Your Customer)documents
- Proof of identity- Passport, Voter ID card, Driving license, PAN card, Aadhar Card, Government department ID card
- Latest salary slip showing all deductions or Form 16 along with recent salary certificate
- Proof of residence - Bank account statement, Latest electricity bill, Latest mobile/telephone bill, Latest credit card statement, Existing house lease agreement
- Bank Statement or Bank Pass Book of having entries of last 6 months
- Guarantor Form, Copy of admission letter or the Institute along with Fees schedule (Optional)
- Mark sheets/pass certificates of S.S.C., H.S.C, Degree courses (Optional)
- Detailed break-up of the costs of the course (Optional)
For all individuals except salaried
- Duly filled up and signed education loan application form along with photographs
- KYC (Know Your Customer)documents
- IT returns of the last 2 years and computation of income of last 2 years certified by a Chartered Accountant
- Proof of identity- Passport, Voter ID card, Driving license, PAN card, Aadhar Card, Government department ID card
- Proof of residence - Bank account statement, Latest electricity bill, Latest mobile/telephone bill, Latest credit card statement, Existing house lease agreement
- Bank Statement or Bank Pass Book of having entries of last 6 months
- Guarantor Form, Copy of admission letter or the Institute along with Fees schedule (Optional)
- Mark sheets/pass certificates of S.S.C., H.S.C, Degree courses (Optional)
- Detailed break-up of the costs of the course (Optional)
Jammu And Kashmir Grameen Bank Education Loan Amount
a) For studies in India, maximum Rs. 10 Lakhs.b) For studies abroad, maximum Rs. 20 Lakhs
Margin
a) Up to Rs.4 lakhs-Nil.b) Above Rs. 4 lakhs-5% for Studies in India and 15% for Studies abroad
Jammu And Kashmir Grameen Bank Education Loan Repayment
In 5-7 Years after Holiday/ Moratorium Period: Course Period + 1 year or 6 months after getting job, whichever is earlier.The loan to be repaid in 5 - 7 years after commencement of the repayment.
Security
i. Co-obligation of parents.ii. 3rd party guarantee of one person of sound financial net means, good for the loan amount and known to the bank.
iii. Assignment of future income of the student for payment of installments.
For loans above Rs.4.50 lacs
Mortgage of immovable property or Govt. securities, NSC, KVP, Life Policy (Surrender value), Bank Deposit in the name of student/ parent or any third party atleast equivalent to 100% of the amount of loan.
Mode of Repayment of Education Loan
Post Dated Cheque (PDC): PDCs are given by the borrower in advance to the bank. They will be for future dates. Bank will deposit the cheque on the date mentioned on the cheque. This mode used to be opted by the borrowers when there were no online repayment options available. This mode is no longer popular and is used by very few borrowers.
Electronic Clearance System (ECS): This mode is very popular and most of the borrowers opted for this mode of repaying the loan. It is an electronic mode for transferring the EMI from borrower's bank to lender's bank.
National Automated Clearing House (NACH): NACH is a facility offered by National Payment Corporation of India (NPCI) for online transfer of funds on due date. This system has come into force recently and is preferred by many people. The benefit of this mode is that it allows transactions to be processed in real time.
Standing Instruction (SI): It is an order or instruction which the account holder gives to his/ her bank to pay a fixed amount to another bank/ account at a regular interval. It is also used by many borrowers to pay EMIs as EMI is a fixed amount. SI is not suitable for variable amounts.
Contact details of Jammu And Kashmir Grameen Bank, Jammu And Kashmir Grameen Bank SMS balance check number SMS banking, Jammu And Kashmir Grameen Bank mobile banking, Jammu And Kashmir Grameen Bank toll free number,Jammu And Kashmir Grameen Bank toll free number 24*7, Jammu And Kashmir Grameen Bank miss call number.
- CUSTOMER CARE NUMBERS - 18005729964, 7051510170, 7051510173
- CONTACT NUMBERS - 18005729964, 7051510170, 7051510173
Jammu And Kashmir Grameen Bank Contact Details
- BANK OFFICIAL WEBSITE - https://www.jkgb.in
- CONTACT NUMBERS - 18005729964, 7051510170, 7051510173
- EMAIL ID - [email protected]
- CUSTOMER CARE NO. - 18005729964, 7051510170, 7051510173
- TOTAL BRANCHES - 132
- HEADQUARTER - Jammu
- BANK ADDRESS - Near Fruit Complex, Narwal, Jammu - 180 006, Jammu & Kashmir
Jammu And Kashmir Grameen Bank Education Loan FAQs Education Loan Document Required
