The purpose of the J&K Bank Education Loan is to help students from economically weaker families to pursue higher studies in India or abroad.
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).
The Jammu and Kashmir Bank (Urdu;???? ? ????? ???)was founded on 1 October 1938 under letters patent issued by the Maharaja of Jammu and Kashmir, Hari Singh. The Maharaja invited eminent Kashmiri investors to become founding directors and shareholders of the bank, the most notable of which were Abdul Aziz Mantoo, Pesten Gee and the Bhaghat Family, all of whom acquired major shareholdings.
1.I want to apply for an education loan under the Budshah Primary Education Scheme. What is the maximum amount that I can avail under this loan scheme?
You can avail a maximum amount of Rs 30,000 under this loan scheme.
2.Will 3rd party security be required for a loan amount of Rs 6 lakhs?
Yes, 3rd party collateral security will be required for a loan amount of Rs 6 lakhs.
3.Is there any processing fee for the term loan offered for B.Ed courses?
Yes, there is a processing fee of 0.05% of the loan amount (minimum Rs 25).