To finance fee of coaching classes/institutes of students studying for entrance examinations to courses like medicine, engineering and civil services and for other related expenses like lodging/boarding, purchase of Laptop/PCs/Netbooks/ Tablets/Study Material/e-Tutorials.
  • Should be an Indian National.
  • Should have completed Class X or above, aspiring for admission in Engineering, MBBS, MBA and other Post-Graduation courses.
  • Should have secured a minimum of 55% marks in the previous qualifying exam.
  • Should not have age exceeding the maximum for the competitive exam.
  • Should not have availed Education Loan facility from any bank with dues still outstanding.
  • Students pursuing graduation/post-graduation course or employed individuals, desirous of competing for Civil Service Exam of UPSC/State Public Service Commission.

Parent/Guardian only, if the student is below 18 years.
Parent/Guardian, jointly with the student if he/she is 18 years or above.

  • Permanent Employees of State/Central Government, Government/Semi-Government Undertakings, Autonomous Bodies, Public Limited Companies/Private Limited Companies who have been in service for two years and above.
  • Professionals, Self Employed Individuals, Proprietorship Concerns, persons engaged in agricultural and allied activities having at least one year satisfactory dealing with J&K Bank. 
  • Retired Employees of State/Central Government, Public Sector Undertaking.

Maximum age of Parent/Guardian at loan maturity: 65 years or age of retirement whichever is earlier.

If Parent/Guardian is a pensioner maximum age at loan maturity: 68 years

Minimum Gross Annual Income of the parent / guardian*

  • 200,000 (for finance for single child).
  • 400,000 (for finance for two children).

*Income of spouse can be included to determine the Net Annual Income.

Maximum 2 Lakh per child for coaching studies in India.
Maximum 4 Lakh per parent/guardian.
Maximum 40,000 per student for purchase of Laptop/PCs /Netbooks/Tablets/Study Material/e-Tutorials with an overall limit of 2.00 Lakh.

Primary: NIL
Collateral: Third Party Guarantee of one person.

No third party guarantee required for permanent employees of State/Central Government, State/Central Government Undertakings & Autonomous bodies drawing salary through our bank and where letter of undertaking from employer is available.

For pensioners, Guarantee of one person & Guarantee of Spouse eligible for family pension.

10% of the coaching fee (which may include boarding & lodging expenses if available in-house).
25% of the other expenses like purchase of Laptop/PCs/Netbooks/Tablets/Study Material/e-Tutorials
Bank's finance will be 90% of coaching fee (which may include boarding & lodging expenses if available in-house) plus 75% of the other expenses like purchase of Laptop/PCs/Netbooks/Tablets/ Material/e-Tutorials or 2 Lakh per child/student, whichever is lower).

Applicable MCLR + 2% Floating.
Monthly Interest frequency

Click here for rate of Interest
Maximum Repayment period of 36 months with 3 months moratorium.