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.
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.
Sr. No | Features | Education Loan Details |
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1 | Loan amount | Upto ₹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 |
2 | Margin money | 15% Upto Rs 4 lakhs : Not Applicable Above Rs 4 lakhs : Studies in India - 5% Studies abroad - 15% |
3 | Processing fee | 1.0% 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. |
4 | Processing time | 7 Days |
5 | Loan tenure | 15 Years |
6 | Prepayment charges | Nil |
7 | Repayment holiday | Course period + 1 year |
Calculate EMI for Education Loan
Loan Amount
Interest (p.a)
Loan Duration
Course Duration
Grace Period
Following table show the year wise payment schedule.
Month | Opening Balance (₹) | Interest Paid (₹) | Principal Repaid (₹) | Closing Balance (₹) |
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Month 1 | Opening Balance (₹) | Interest Paid (₹) | Principal Repaid (₹) | Closing Balance (₹) |
Month 2 | Opening Balance (₹) | Interest Paid (₹) | Principal Repaid (₹) | Closing Balance (₹) |
Month 3 | Opening Balance (₹) | Interest Paid (₹) | Principal Repaid (₹) | Closing Balance (₹) |
Month 4 | Opening Balance (₹) | Interest Paid (₹) | Principal Repaid (₹) | Closing Balance (₹) |
Month 5 | Opening Balance (₹) | Interest Paid (₹) | Principal Repaid (₹) | Closing Balance (₹) |
Sr. No | Type | Requirement |
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1 | Eligibility Criteria | 1. 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. |
Sr. No | Type | Documents Required |
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1 | Documents Required | 1. 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. |