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::Welcome to Jammu and Kashmir Bank Limited ::
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::Welcome to Jammu and Kashmir Bank Limited ::
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Educational Fianace Education Loan Scheme
Term Loan For B.Ed/ M.Ed. Courses
Budshah Primary Education Finance
       
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 Secretaryship, 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.

  Eligibility  
  • 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.

 

Security

 
  • Personal guarantee of borrower/ 's
  • Collateral security equal to amount of loan.

 


  Margin  
  • For loans upto 4 lacs - nil
  • For loans above 4 lacs Studies in India - 5% Studies abroad - 15%

  Rate of Interest (subject to change)  

  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

Top    
(Conditions Apply)
       
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.
  • Loan application should be forwarded by the Principal of the college.

  Quantum of finance  
  • Maximum: 25,000.

  Margin  
  • 10%.

  Security  
  • Third party guarantee of one person

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

  Rate of Interest  

  Repayment  
  • 12 equal monthly installments.

Top (Conditions Apply)
       
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

  Rate of Interest  

  Repayment  
  • 12 equal monthly installments. There shall be no moratorium period

Top (Conditions Apply)
 
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