Personal Loan Apply Online

Founded in 1938 under letters patent issued by the Maharaja of Jammu and Kashmir, it would not be wrong to say that Jammu and Kashmir Bank's best products and services meet the needs of all. Whether traveling, home renovation or buying a new home appliance, this bank caters to all your wishes and ensures to meet every wish of yours. It functions as a universal bank in Jammu & Kashmir and as a specialized bank in the rest of the country. So, if you are someone who wants to apply for a personal loan to fulfill your varied needs, the personal loan offered by Jammu and Kashmir is here to help you.

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Jammu .& Kashmir Bank Personal loans are granted to individuals as instant cash to be used for various personal needs like traveling, weddings, medical emergencies, home renovation, or anything else. If you want to know more about the personal loans offered by this bank, go through this article. 

Jammu and Kashmir Bank Personal Loan Highlights

Here is the table containing all the important details regarding  Jammu and Kashmir Bank Personal Loan. Make sure to check them -

Particulars	Details
Interest Rates	12.25% p.a. - 13.25% p.a.
Tenure	Up to 10 Years
Processing Fee	Salaried employees and pensioners: Nil Businessmen/Professionals: 1% of loan amount + GST (Max: ₹10,000 + GST)

Jammu and Kashmir Bank Personal Loan Interest Rates

Here are the personal loan interest rates of different loan schemes offered under Jammu & Kashmir Bank -

Loan Type	Interest Rate
Personal Consumption Loan for Employees	Maintaining salary account: 12.25% p.a. Not maintaining salary account: 13.25% p.a.
Personal Consumption Loan for Professionals	13.25% p.a. (fixed)
Personal Consumption Loan for Pensioners	12.25% p.a. (fixed)
Personal Consumption Loan for Businessmen	13.25% p.a. (fixed)
Festival Advance Loan	12.25% p.a. (fixed)
Sahafat Finance Scheme	Term Loan: 12.30% p.a. (floating) Cash Credit: 12.30% p.a. (floating)
Cash Credit Scheme (Salaried Employees)	12.25% p.a. (fixed)

Types of Schemes Under Jammu & Kashmir Bank Personal Loan

These are the types of schemes of Jammu & Kashmir Bank Personal Loan -

1. J & K Bank Personal Consumption Loan for Employees
2. J & K Bank Personal Consumption Loan for Professionals
3. J & K Bank Personal Consumption Loan for Pensioners
4. J & KBank Personal Consumption Loan for Businessmen
5. Festival Advance Loan
6. Sahafat Finance Scheme
7. J&K Bank Cash Credit Scheme (Salaried Employees)

J & K Bank Personal Consumption Loan for Employees

Purpose: To meet personal financial needs

Loan Amount:

• Govt. employees with salary account (J&K Bank): Up to 42 times monthly gross salary
• Government employees without a salary account - They can avail up to 24 times their monthly gross salary or ₹15 lakh, whichever is lower.
• Corporate/reputed institution employees with salary account: Up to 30 times monthly gross salary or ₹25 lakh (whichever is lower)

Minimum Amount: ₹50,000
Tenure: Up to 10 years
Processing Fee: Nil

Jammu and Kashmir Bank Personal Consumption Loan for Professionals

Purpose: Term loan for personal and professional needs

Loan Amount: Up to 2.5 times net annual income or 30 months net monthly income, capped at ₹20 lakh

Tenure: Up to 7 years

Processing Fee: 1% of the loan amount (Max: ₹10,000 + GST)

J & K Bank Personal Consumption Loan for Pensioners

Purpose: Term loan for personal needs

Loan Amount:

• Pensioners:
  • Up to 70 years: 30 times net monthly pension
  • 70–74 years: 12 times net monthly pension
• Family Pensioners:
   
  • Up to 70 years: 24 times net monthly pension or ₹3 lakh (whichever is lower)
  • For individuals aged 70 to 74 years: loan amount is up to 12 times the net monthly pension or ₹2 lakh, whichever is lower.

Processing Fee: Nil

J & K Bank Personal Consumption Loan for Businessmen

• Purpose: Term loan for personal needs
• Loan Amount: Up to 30 months net monthly income (Max: ₹20 lakh)
• Tenure: Up to 7 years
• Processing Fee: 1% of the loan amount (Max: ₹10,000 + GST)

Festival Advance Loan

Purpose: To cover festival expenses

Loan Amount:

• Min: ₹5,000
• Max: Based on average net salary for the last 3 months:
  • Below ₹50,000 – ₹40,000
  • ₹50,000–₹80,000 – ₹60,000
  • ₹80,000 and above – ₹75,000

Tenure: Up to 10 years
Processing Fee: Nil

Sahafat Finance Scheme

• Purpose: Composite loan for journalists, media personnel, and newspaper employees/media houses
• Loan Amount: Up to 36 times net monthly income (₹50,000–₹3 lakh)
• Tenure: Up to 5 years
• Processing Fee: ₹200 + GST

J&K Bank Cash Credit Scheme (Salaried Employees)

• Purpose: To address the recurring liquidity requirements of salaried applicants.
• Loan Amount: ₹50,000 – 6 times average salary (last 3 months) or ₹6 lakh (whichever is lower)
• Tenure: Up to 8 years
• Processing Fee: 0.25% of the loan amount (₹500–₹1,000) + GST

Jammu & Kashmir Bank Personal Loan EMI Calculator

With the help of a Wishfin Jammu & Kashmir Bank EMI Calculator online, you can easily calculate the EMIs of your loan. You only need to enter the loan amount, interest rate, and tenure of your loan, and the rest of the calculator will do it for you. It gives you results instantly, within a few seconds.

Let’s understand this thing with the help of an example listed below. Let’s say you avail of a loan of ₹3,00,000 from J&K Bank for 5 years at JK Bank's personal loan interest rate which ranges between 12.25% to 13.25% p.a. 

Below are the monthly EMIs on Jammu & Kashmir Bank Personal Loan interest rates on different loan tenures. Go through the table carefully to understand better - 

TENURE	INTEREST RATE @12.25% p.a.	INTEREST RATE @13.25% p.a.
1	₹26,689.73	₹26,830.38
2	₹14,157.09	₹14,297.80
3	₹10,000.15	₹10,144.35
4	₹7,937.03	₹8,085.52
5	₹6,711.30	₹6,864.38

Eligibility Criteria for Jammu and Kashmir Bank Personal Loan

The table shows the applicant’s eligibility criteria for Eligibility Criteria for Jammu and Kashmir Bank Personal Loan -

Age Criteria:

• General: 18 years to 1 year less than the retirement age
• Sahafat Finance Scheme: 18 to 65 years
• J&K Bank Cash Credit Scheme: 21 years to 1 year less than the retirement age
• Pensioners: Up to 69 years

Eligible Applicants:

Government Employees:

 

• Permanent employees of Central/State Government, PSUs, Government institutions, and autonomous bodies
• Government employees (J&K and Ladakh) recruited under SRO 202 with at least 18 months of service

Reputed Institution Employees:

• Permanent employees maintaining salary accounts with J&K Bank or willing to shift salary accounts (with at least 1 salary credited)

Corporate House Employees:

• Employees banking with J&K Bank and maintaining salary accounts or willing to shift salary accounts (with at least 1 salary credited)

Professionals:

• Doctors, engineers, architects, lawyers, CAs with an active relationship with J&K Bank

Pensioners:

• Central/State/UT Government Pensioners and Family Pensioners maintaining pension accounts with J&K Bank (even if disbursed from another bank)

Businessmen:

• Having 3 years of satisfactory dealings with J&K Bank and maintaining a current deposit or business loan account

Journalists/Media Personnel:

• Eligible under the Sahafat Finance Scheme. 

Documentation Required For Jammu & Kashmir Bank Personal Loan Application

Here is the list of the documents that are required for the Jammu & Kashmir Bank Personal Loan application - 

• Proof of Identity: Aadhaar Card, Voter ID, PAN Card, Passport, or Driving License
• Proof of Address: Latest utility bill (electricity/telephone), bank passbook, or Aadhaar Card
• Proof of Income: Salary slips, bank statements, profit and loss statements, or Income Tax Return
• Application Form: Duly filled and signed personal loan application form
• Photographs: Recent passport-size color photographs. 

Jammu and Kashmir Bank Personal Loan Apply Online

Now applying for your favorite personal loan is no more of a hassle as all you have is an online option. With this simple, quick, and easy online mode, you can anytime apply online to get the funds instantly and fulfill all your needs. The online application process is extremely easy and quick as all you need to do is just visit the official website, fill in all your personal as well as professional details, and submit the online application form. The process is so simple and quick that within a few seconds, your form will reach out to the bank and you can instantly apply online.

J&K Bank Personal Loan Customer Care

If you want to register any complaint, query, or concern of yours related to a personal loan in J&K Bank, don’t hesitate to dial the toll-free number from your mobile or landline number.

• 1800 890 2122

• 0194-2481999 (For the general customer care number)

By dialing this number, you will instantly be in touch with the customer care executives of the bank. These experts with their deep knowledge and friendly nature resolve all your concerns, making your loan journey smooth. The best thing about these experts is that they are 24×7 available at your service, giving you the proper guidance and support that will make your journey hassle-free.

Features & Benefits – Why to go for J&K Bank Personal Loan

• Fewer Documents – The reason you must borrow funds from Jammu & Kashmir Bank is its less paperwork. You just need to provide the bank with a few KYC and income documents to verify the details.
• Quick Approvals – Your loan is approved quickly and disbursed to your account in 48 hours.
• Highest Loan Amount – An individual can borrow up to INR 20,00,000 from the bank. The amount is based on the user’s credit history and current income. If the user satisfies the lender with its eligibility for the loan, they can borrow the highest loan amount from it.
• Competitive Rate of Interest – Jammu & Kashmir Bank personal loan interest rate ranges from 12.25% - to 13.25%. A good credit score can help you get a lower rate of interest.
• Flexible Loan Repayments – You have up to 10 years of duration to pay the loan amount in equated monthly installments. And you can choose the tenure as per your income and payment capacity.

Summary!

Jammu & Kashmir Bank personal loans are for needs like travel, weddings, and home renovation at interest rates of 12.25% to 13.25% p.a. with tenures of up to 10 years. Schemes include loans for employees, professionals, pensioners, businessmen, and journalists, and cash credit for salaried individuals. Eligible applicants include government and corporate employees, professionals, pensioners, and media personnel. The loan process is quick, with minimal documentation and approval within 48 hours.

FREQUENTLY ASKED QUESTIONS

1. What is the interest rate for Jammu & Kashmir Bank Personal Loan?

The interest rate ranges from 12.25% to 13.25% p.a. depending on the loan type and applicant’s profile.

2. What is the Jammu & Kashmir Bank Personal Loan tenure available?

The repayment tenure is up to 10 years for Jammu & Kashmir Bank Personal Loan.

3. Are there any processing fees under the Jammu & Kashmir Bank Personal Loan?

The processing fees of Jammu & Kashmir Bank Personal Loan are -

• Nil for salaried employees and pensioners
• 1% of the loan amount (up to ₹10,000 + GST) for professionals and businessmen
• ₹200 + GST for Sahafat Finance Scheme

4. How can I contact customer support for a Jammu & Kashmir Bank Personal Loan?

You can reach J&K Bank customer care at 1800 890 2122 or 0194-2481999.