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Jammu and Kashmir Bank Educational Loan- Student Loan in India

Jammu and Kashmir Bank Educational Loan Scheme

Education Loan Scheme

Scale of Finance

10.00 Lacs for studies in India
20.00 Lacs for studies abroad

Courses Financed (India)                   

Graduate / Courses in: BA, B.Com. B.Sc., etc. Medicine, Surgery, Engineering, Hotel Management, Design, Architecture, Bio-chemistry, Agriculture, Veterinary etc

P.G Courses in: Business Management, Chartered or Cost Accounting , Company Secretary ship, Masters & PhD.

Professional Courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc.

Computer Certificate Courses: of reputed institutes accredited to Dept. of Electronics or institutes affiliated to university.

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 in India. In case 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.

Other courses leading to diploma/ degree etc. conducted by colleges/ universities approved by UGC/ Govt./ AICTE/ AIBMS/ ICMR etc.

Courses offered by National Institutes and other reputed private institutions..

Courses under Distance Education/ learning leading to professional/ technical certificates/ degree/ diploma courses etc offered/ conducted by reputed colleges/ universities/ institutions recognized/ approved by UGC/ Govt./ AICTE/ AIBMS/ ICMR etc.

Teacher Training Courses/ Nursing Courses/ B.Ed. conducted by institutions that are approved by Central Government/ State Government provided the said courses lead to degree or diploma and not to certification course.

Courses Financed (Abroad)                

Graduation: For job oriented professional/ technical courses offered by reputed universities.

P.G Courses: MCA, MBA, MS, etc.

Courses conducted by CIMA- London, CPA in USA etc.


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

Collateral security equal to amount of loan


For loans upto 4 lacs - nil

For loans above 4 lacs Studies in India - 5% Studies abroad - 15%

Payment of interest during the moratorium period

Optional: Customers have the liberty to decide whether they want to pay interest during the repayment holiday or want to capitalize the same. However, an incentive in the form of 1% concession in rate of interest shall be provided to the loanees if the interest is serviced during the study period.

Incentives - To provide students an opportunity to pursue higher education from reputed institutes like IITs, IIMs and ISB, the requirement of collateral security has been waived off for loans upto 10.00 Lacs and a concession of 0.50% in the rate of interest shall be allowed for students pursuing their degrees from these institutes.

Repayment - 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

Purpose - 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

Eligibility –

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

Quantum of finance -   Maximum: 25,000

Margin              -    10%

Security - Third party guarantee of one person

Processing charges - 0.05% (Minimum: 25/-)

Budshah Primary Education Finance

Nature of Facility - Term Loan

Objective - To provide opportunity to children to have good quality primary education

Purpose - To finance the entire cost of education of a child including school fee, uniform, books, etc

Eligibility - All Children above the age of 3 years

Finance granted in the name of Guardian.

Quantum of Finance:

Class                School  Maximum Amount ( )
Pry.Edu.           Private  30,000
Pry.Edu            Govt.    2,000
Sec.Edu           Private  25,000
Sec.Edu.          Govt.    5,000               

Margin               -   10%

Security -   

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 25/- to be paid upfront


12 equal monthly installments. There shall be no moratorium period
Interest Rates :

Education Loans with tenure up to 5 years ( at fixed interest rate)

Up to Rs. 5.00 lacs




Above Rs.5.00 lacs & up to Rs.10.00 lacs




Above Rs.10.00 lacs and up to Rs.20.00 lacs




In case of Education Loans sanctioned for tenor exceeding 5 years, floating interest rate as per the following structure would apply: -

Up to Rs. 5.00 lacs




Above Rs.5.00 lacs & up to Rs.10.00 lacs




Above Rs.10.00 lacs and up to Rs.20.00 lacs




Note: - Concession of 0.50% on interest rate shall continue to be allowed in case of education loans availed by girl students as permitted vide circular No.CR-42-413 dated 06.03.2009.