Jammu And Kashmir Bank Education Loan
Jammu And Kashmir Bank Education Loan
Jammu and Kashmir Bank offers comprehensive education loan schemes to support students pursuing studies both abroad and in India. For those aspiring to study abroad, the bank provides loans up to 30 lakhs, covering various expenses such as tuition fees, living costs, and other associated expenditures. The interest rates range from 9% to 14%, with a 0.5% concession for female students. The repayment period extends up to 15 years, including a moratorium period, and collateral, if provided, can be up to 100% of the loan amount. The bank also extends education loans for studies in India, offering up to 10 lakhs for diverse academic expenses.
Documents Required
  • Self-attest all the documents.
  • Application Form
  • Proof of Identity
  • Proof of Residence
  • Mark sheets of 10th, 12th, and degree.
  • Admission proof of the course.
  • Fee structure (i-20 for US if available).
  • GMAT/GRE/IELTS Scorecard.
  • State University’s ranking you are going to.
  • 1-year loan account statement reflecting any pending loan.
  • Provide a letter on a 100 Rs stamp paper explaining any gap that you have had in your studies. (Format will be provided by WeMakeScholars Financial Officer)
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    Eligibility Criteria
  • The student should be a citizen of India.
  • The applicant must have secured admission to a university for the desired course through an entrance test or merit-based selection.
  • Education loans are generally available for a variety of courses, including professional or technical courses, graduation, post-graduation, or other courses for which admission is granted through an entrance exam or merit-based selection.
  • For collateral loans, the accepted collateral includes house, flat, land, and FD.For non-collateral loans, there might be a need for a co-applicant.
  • For loans above 4 lakhs to study in India, a 5% loan margin is applicable.
  • For loans above 4 lakhs to study abroad, a 15% loan margin is applicable.
  • The co-applicant can be parents, parents-in-law, siblings, or spouse.
    • Studies in India (Indicative List):
  • Approved regular courses leading to Graduate/ Postgraduate degree and PG diplomas conducted by recognized Colleges/ Universities recognized by UGC/ Govt. / AICTE/ AIBMS/ ICMR, etc.
  • Professional Courses in Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, etc.
  • Courses like ICWA, CA, CFA, etc.
  • Courses conducted by prestigious institutions such as IIM, IIT, IISc, XLRI, NIFT, NID, etc.
  • Regular Degree/Diploma courses like Aeronautical, pilot training, shipping, degree/diploma in nursing or any other discipline approved by Director General of Civil Aviation/Shipping/Indian Nursing Council or any other regulatory body, if pursued in India.
  • Approved courses offered in India by reputed Foreign Universities.
  • Courses offered by National Institutes and other reputed private institutions.
    • Studies Abroad:
  • Graduation: For job-oriented professional/technical courses offered by reputed Universities.
  • Post-Graduation: MCA, MBA, MS, etc.
  • Courses conducted by CIMA- London, CPA in the USA, etc.
  • Degree/diploma courses like aeronautical, pilot training, shipping, etc., provided these are recognized by competent regulatory bodies in India/abroad for the purpose of employment in India/abroad.
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    How To Apply
    Certainly! Step-by-step application process:
    1. Visit Our Official Website.
    2. Read carefully all the information about the program details.
    3. Click on the "Register" to complete the registration with required details.
    4. After successful registration, Use the received credentials to log into your account.
    5. Once logged in, & Get more information about loans.
    6. After, Visit the nearest branch of the bank offering education loans.
    7. Schedule a meeting with a loan officer to discuss your loan requirements.
    8. Ask the loan officer for the education loan application form.
    9. Complete the application form with accurate information. Ensure all required fields are filled correctly.
    10. Collect all necessary documents such as identity, address, income, academic records, admission confirmation, course fee details, etc.
    11. Attach photocopies of the required documents to the application form.
    12. Submit Application to the documents to the loan officer.
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    ₹ 30,00,000

    Jammu And Kashmir Bank Education Loan
    SCHOLARSHIP PROVIDER
    Jammu & Kashmir Bank
    APPLICATION DEADLINE
    31 December
    EDUCATION LEVEL
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    Jammu and Kashmir Bank offers comprehensive education loan schemes to support students pursuing studies both abroad and in India. For those aspiring to study abroad, the bank provides loans up to 30 lakhs, covering various expenses such as tuition fees, living costs, and other associated expenditures. The interest rates range from 9% to 14%, with a 0.5% concession for female students. The repayment period extends up to 15 years, including a moratorium period, and collateral, if provided, can be up to 100% of the loan amount. The bank also extends education loans for studies in India, offering up to 10 lakhs for diverse academic expenses.
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