Jammu & Kashmir Bank offers abroad education loans designed for students from diverse backgrounds. The loan covers a wide range of courses and educational levels, with competitive interest rates to make them accessible and affordable. This allows students studying abroad to focus on their academics without worrying about financial burdens. 


Loan Margin: 15
Processing Fees: 1.0% onwards

Jammu & Kashmir Bank provides a range of study abroad loans as per the needs of students. The loan schemes serve different purposes enabling students to pursue their education abroad without any financial hurdles. Whether it is pursuing higher education abroad, or undertaking M.Ed or B.Ed courses, there are different schemes available. J&K aims to empower financially disadvantaged but academically exemplary students to pursue their dreams of studying abroad.

Features Of J&K Bank Abroad Education Loan

Sr. NoFeaturesEducation Loan Details
1Loan amountUpto ₹30Lac (Collateral) Studies in India - Maximum Rs. 10.00 lakhs* Studies Abroad - Maximum Rs. 30.00 lakhs* Note: Higher quantum of loan may be considered on course to course basis (e.g. courses in IIMs, ISB etc.) taking into account the future prospects, employability and reputation / recognition by Educational Institution Loans up to Rs.50 lacs & beyond Rs.50 Lacs should be secured by Collateral Security having value not less than 100% of the Loan amount
2Margin money15% Upto Rs 4 lakhs : Not Applicable Above Rs 4 lakhs : Studies in India - 5% Studies abroad - 15%
3Processing fee1.0% onwards For studies in India - Not Applicable For Studies abroad –Processing fee (upfront) @ 1% of the loan amount sanctioned with a maximum of Rs.5,000 for considering loans for studies abroad. The fee would however, be refunded upon the student taking up the course (loan is disbursed) or if the loan is not sanctioned by the bank. The fee would not be refunded if a sanctioned education loan for studies abroad is not availed by the student.
4Processing time7 Days
5Loan tenure15 Years
6Prepayment chargesNil
7Repayment holidayCourse period + 1 year

Benefits of J&K Bank Abroad Education Loan

Covers Expenses Apart From Tuition Fee
The education loan scheme covers the following expenses: . Fees payable to school or hostel, examination, library, and laboratory fees Expenses related to travel or passage money for studying abroad Lodging and boarding charges of up to 20% of the total loan sanctioned will be considered for students opting for off-campus accommodation. Purchase of books, equipment, instruments, and uniforms, as well as caution deposit and building fund/refundable deposit supported by institution bills/receipts.
Affordable Interest Rates
Jammu & Kashmir Bank provides affordable access to education, and to achieve this goal, it offers several education loan schemes at competitive interest rates. These schemes are designed to enable students to pursue their academic aspirations without being burdened by exorbitant fees.
Moratorium Period
J&K Bank understands that students may face difficulties repaying loans immediately after graduation. Hence, a moratorium period is provided, similar to a grace period, allowing students up to one year after graduation to begin repayment.
Finances Different Types Of Courses
Under its education loan scheme, Jammu and Kashmir Bank approves job-oriented courses that lead to technical/professional degrees, post-graduate degrees/diplomas from recognized institutions. The courses may include MCA, MBA, MS, pilot training, and shipping, among others, provided they are recognized by competent regulatory bodies abroad. Moreover, the bank offers a specific loan scheme for B.Ed. and M.Ed. courses.

Benefits Of Getting Your J&K Bank Abroad Education Loan Through UniCreds

Higher Chance Of Approval
By applying for your education loan through UniCreds, you are increasing your chances of approval. Generally, banks dismiss applications if they find any missing documents, property issues, or any other problem. With UniCreds, we will immediately reach out to J&K officials and find the best solution.
Online Service
With UniCreds, there’s no need to visit the branch to submit your documents. Simply visit the UniCreds website and upload your documents from the comfort of your home. You can also enjoy step-wise updates via notifications.
No Cost To You
All our education loan services are completely free of cost.
Quicker Sanctions
Our strategic partnerships ensure low turnaround time. Expect to have your education loan processed and sanctioned within 15 days.

Calculate EMI for Education Loan

Loan Amount

Interest (p.a)

Loan Duration

Course Duration

Grace Period

Monthly EMI
Principal Amount
Total Interest
Total Amount
Loan Amortization Schedule

Following table show the year wise payment schedule.

MonthOpening Balance (₹)Interest Paid (₹)Principal Repaid (₹)Closing Balance (₹)
Opening Balance (₹)
Interest Paid (₹)
Principal Repaid (₹)
Closing Balance (₹)
Opening Balance (₹)
Interest Paid (₹)
Principal Repaid (₹)
Closing Balance (₹)
Opening Balance (₹)
Interest Paid (₹)
Principal Repaid (₹)
Closing Balance (₹)
Opening Balance (₹)
Interest Paid (₹)
Principal Repaid (₹)
Closing Balance (₹)
Opening Balance (₹)
Interest Paid (₹)
Principal Repaid (₹)
Closing Balance (₹)

Eligibility Criteria For J&K Bank Abroad Education Loan

Sr. NoTypeRequirement
1Eligibility Criteria1. Should be an Indian National. 2. Should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test/ Merit Based Selection process after completion of HSC(10 plus 2 or equivalent). 3. There is no specific restriction with regard to the age of the student to be eligible for education loan. 4. The upper age limit shall be capped at 35 years, which can be relaxed on case to case basis.

Documents Required for J&K Bank Abroad Education Loan

Sr. NoTypeDocuments Required
1Documents Required1. Education Loan Application Form duly filled in. 2. Mark sheets of last qualifying examination. 3. Letter of admission from the Institute. 4. Schedule of expenses for the specified course, from the institution. 5. 2 passport size photographs of the co-applicants. 6. Income proof of the co-applicant (Pay Slip / ITR copy etc.) & Guarantor, if applicable. 7. Statement of assets and liabilities of the Joint borrower/ Guarantor. 8. KYC documents for the Applicant & Joint Borrower (Residential proof, ID proof) 9. Proof of Age. 10. In case the loan is collaterally secured by mortgage of immovable property, copy of Title Deed, MEC from approved lawyer of the Bank to be obtained at the cost of the borrower. 11. Valuation report from approved valuer of the Bank at the cost of the applicant borrower.

Loan Repayment For J&K Bank

  • Accrued Interest during moratorium period to be added to the principal and repayment in equated monthly instalments (EMI) fixed.
  • 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 period of 2 years. If the student is not able to complete the course for reasons beyond his control, Sanctioning Authority (which has sanctioned the case) may at his discretion consider such extensions as may be deemed necessary to complete the course.
  • In case the student discontinues the course midway, appropriate repayment schedule will be worked out by the Business Unit in consultation with the student/parent.
  • While EMI based repayment is the generally accepted practice, many times the salary levels at the start of the career may not facilitate comfortable payment of EMI in certain cases (e.g. professionals like Doctors). Telescoping of repayment with stepped up installments with passage of time may be considered in such cases. Such ballooned repayment shall be normally allowed only if allowed at the time of initial sanction, clearly documented in the sanction letter and applicable from the first repayment installment.

How To Apply For J&K Bank Abroad Education Loan?

  1. Once you've established your education loan eligibility, you can submit an online application or get in touch with one of our expert education loan counsellors to schedule a callback. Our counsellors can assist you in obtaining an Education loan without collateral, depending on your needs.
  2. After you've submitted your profile information, our specialists will carefully review it and, based on your eligibility, recommend the following course of action to you.
  3. UniCreds enables students to upload documents digitally, sparing you the trouble of having to present your documents at the bank and allowing you to do it from the convenience of your home.
  4. In addition, UniCreds gives you a customised set of documents to submit based on your profile and the loan you've applied for to speed up the process.

Frequently Asked Questions

What are the eligible courses?
STUDIES IN INDIA(INDICATIVE LIST) Approved regular courses leading to Graduate/ Post graduate 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 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 as the case may be, if the course is 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 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. Note: The above list is indicative in nature. Bank may approve other job oriented courses leading to Technical/ Professional Degrees, Post Graduate Degrees/Diplomas offered by Recognized Institutions under this scheme.

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