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The Jammu and Kashmir Bank Education Loan Scheme to Study in India in 2026 provides qualifying students with loans up to INR 10 lakhs. The loan can be used to pay for tuition, dorm fees, books, and other costs associated with attending school in India.
For loans with collateral, the interest rate ranges from 9 to 11 per cent; for loans without collateral, it ranges from 12 to 14 per cent. Up to 15 years are allowed for loan repayment. Read this article to know more about the J and K bank loan scheme for studying in India
| Bank Name | J and K Bank |
| Loan Limit | Up to 10 lack |
| Loan Repayment Duration | Up to 15 years with a Moratorium Period |
| Moratorium Period | Duration of Course plus one year |
| Co-applicant | Siblings, spouse, parents, parents in law |
| Collateral | FD, Flat, Land, House |
| Interest Rate | 9-11% for collateral loans and 12-14% for non-collateral loans |
| Processing Fee | No Processing Fee |
Contents
- 1 Overview of J&K Bank Education Loan Scheme
- 2 About J and K Bank Loan to Study in India
- 3 Benefits of J and K Loan to Study in India
- 4 Repayment Period and Moratorium
- 5 Security and Collateral Requirements
- 6 Eligible Courses
- 7 List of Approved Institutes
- 8 Eligibility Requirements
- 9 How to Apply to the J and K Bank Loan Scheme to Study in India
- 10 FAQs
Overview of J&K Bank Education Loan Scheme
The J&K Bank Education Loan Scheme is designed to provide financial assistance to Indian students who wish to pursue higher studies in recognised institutions across India. The loan covers tuition fees and other essential expenses required to complete the course. Here are the key highlights
- Available for studies in India
- Covers professional, technical, and general degree courses
- Affordable interest rates
- Flexible repayment options
- Special benefits for meritorious and economically weaker students
About J and K Bank Loan to Study in India
A Scheduled Commercial Bank and one of India’s first private sector banks, Jammu and Kashmir Bank (J&K Bank) was founded in 1938. With its corporate headquarters in Srinagar, the bank is listed on the NSE and the BSE. The Reserve Bank of India recognises the bank as its official agent for handling banking activity on behalf of the governments of Jammu & Kashmir and Ladakh, and operates as a top bank in these union territories. J&K Bank provides banking services to clientele, including business clients, staff members of governmental, semi-governmental, and autonomous entities, farmers, craftsmen, public sector organisations, and corporate clients.
Benefits of J and K Loan to Study in India
There are several benefits of the J anthe d K Bank loan scheme to study in India, some of which are listed below.
- J and K Bank provide you with an education loan up to INR 10 lakh, which helps you to cover your education expenses
- The interest rate of the J and K Education loan is relatively low compared to many banks
- J and K Bank provides you with an easy process for education loans. You can apply online, or you can visit the nearby branch.
- The repayment system will provide you with a tenure of 15 years, so you have a good time to repay your education loan.
Relevant Read: Types of education loans for Indian Student
Repayment Period and Moratorium
One of the biggest advantages of the J&K Bank student loan scheme is its flexible repayment structure. Here are the repayment features:
- Moratorium period: Course duration + 6 to 12 months
- Repayment tenure: Up to 15 years after moratorium
- Simple and manageable EMIs
Students are encouraged to repay interest during the study period to reduce the overall loan burden.
Security and Collateral Requirements
Collateral requirements depend on the loan amount:
- Loans up to ₹4 lakh: No collateral required
- Loans above ₹4 lakh: Third-party guarantee or collateral may be required
- Higher loan amounts may require property or fixed deposits as security
Interest Rate
A J and K Bank loan scheme to study in India has an interest rate of 9-11% for loans with collateral and 12-14% for loans without collateral. The loan can be repaid over a maximum of 15 years.
| Amount of loan | Up to 5 years (Fixed Rate of Interest) in duration | Longer than a five-year term (Floating Rate of Interest) |
| Up to Rs. 10.00 Lakhs | RRLR+ 2.00% | RLLR + 1.50 % |
| Above Rs. 10.00 lakhs and up to Rs. 20.00 lakhs | RLLR + 3.00% | RLLR + 2.25 % |
| Above Rs. 20.00 Lakhs | RLLR + 3.50% | RLLR + 2.75 % |
Margin
This is the margin of the J and K Bank loan scheme for studying in India
| Country | Loan Margin on above 4 lack |
| Indian | 5 % |
| Abroad | 15 % |
Expenses Covered
This is the list of expenses covered under the J and K Bank loan scheme to study in India is as follows:
- Examination Fee
- Tuition Fee
- Admission Fee
- Purchase of a Computer
- Library Fee
- Living Expense
- Miscellaneous expenses
Also Read: Education Loan Process: Steps, Eligibility Criteria, & Repayment
Eligible Courses
Numerous courses are eligible for the J&K Bank Education Loan Scheme, including:
- For graduation, take courses in professional or technical fields that are offered by reputable colleges.
- MCA, MS, MBA, etc., are postgraduate options
- Courses provided by CPA-USA and CIMA-London
- Courses in Aeronautical, aviation, pilot training, shipping, etc. offered by reputable universities worldwide
List of Approved Institutes
Various types of institutes are approved for J and K Education loans. Here is the list of Approved institutes for J and K Education loans:
- Medical Institute
- Bio-Technology Institute
- Engineering Institute
- Management Institute
- Physical Education Institute
- Art, Commerce, Science Institute, etc.
Eligibility Requirements
The prerequisites for a J and K Bank loan scheme to study in India are listed below. If you meet all of the conditions, you may submit an application.
- The candidate belongs to Jammu and Kashmir
- He or she must be between the ages of 18 and 35
- Be a citizen of India
- Applicant should have a Class 12 diploma or a comparable qualification
- The applicant has received admission to a reputable Indian educational institution
- Possess a positive credit history
- You must offer collateral security when seeking a loan of more than INR 10 lakhs. This might be a piece of real estate, a car, or any other asset you possess.
How to Apply to the J and K Bank Loan Scheme to Study in India
The procedures you must take to apply for an education loan from Jammu and Kashmir Bank are listed below.
Online
- Visit the Jammu and Kashmir Bank’s page for educational loans.
- Examine the eligibility requirements and paperwork needed for an education loan.
- Fill out the Education Loan Application Form with all the necessary information.
- A stress-free process will continue after our representative contacts you shortly.
Offline
- Bring the list of documents when you visit the bank.
- Ask for and adhere to directions from Bank staff.
- You might be able to secure a sanction for an education loan by following the Bank’s instructions.
Relevant Read: How to get an education Loan without Collateral For IIM
Documents Required
The following documents should be submitted to your nearby J and K Bank branch along with the completed application form:
- Identity proof like a passport, driver’s license, voter ID card, or any other government-issued identification.
- A utility bill or voter ID card is acceptable as evidence of residency.
- A paycheck slip, tax return, or any other document that demonstrates your income is acceptable as proof of your earnings.
- Your enrollment in the course, its duration, and the associated tuition expenses should all be included in your admission letter.
- Fee structure the breakdown of your course’s tuition costs is displayed in the structure.
The J&K Bank education loan scheme to study in India is an excellent financial solution for students aiming to pursue higher education without compromising on quality due to financial limitations. With flexible repayment options, reasonable interest rates, and wide course coverage, this scheme empowers students to focus on academics rather than expenses. If you are planning to study in India and need financial support, applying for a J&K Bank student loan can be a smart and reliable choice for building a successful future.
FAQs
For Jammu and Kashmir Bank international education loans, a processing fee of 1% of the loan amount is charged, which is refundable. It is limited to a maximum of 5,000, though. However, there isn’t a processing charge for loans for in-country studies.
The student loan programme from JK Bank offers loans with interest rates ranging from 9 to 14%.
A citizen of India who has been accepted to a university in their country or abroad may apply for an education loan from Jammu and Kashmir Bank.
Related Reads
This was all about the J and K Bank loan scheme to study in India. If you are also looking for an Education loan, reach out to Leverage Edu. Our Fly Finance team will help you sanction your Education loan with Ease
