Looking for an Education Loan from Jammu & Kashmir Bank?

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Education Loans from Jammu & Kashmir Bank

Jammu & Kashmir Bank offer a wide range of loan schemes to different segments of their customer base. These loans are aimed at providing financial support to deserving students for pursuing higher education in India and abroad. Presently, Jammu & Kashmir Bank offers five education loans to help deserving students pay for their higher education.

The education loans from Jammu & Kashmir Bank:

  1. Jammu & Kashmir Bank Education Loan for Higher Studies in India and Abroad
  2. Jammu & Kashmir Bank Budshah Primary Education Finance Scheme
  3. Jammu & Kashmir Bank Coaching Fee Loan Scheme
  4. Jammu & Kashmir Bank Term Loan for B.Ed and M.Ed. Courses
  5. Jammu & Kashmir Bank Skill Loan Scheme

As of November 2020, the bank does not say that it offers any of the Government of India Interest Subsidy Schemes on education loans.

We give you a brief intro to education loans offered by the bank below. In addition you have the option to click further and read in detail about each loan in a specific page of its own. This specific page has been made specifically for you to get all the information you need on that loan in an uncluttered and easy-to-read format.

Jammu & Kashmir Bank Education Loan for Higher Studies in India and Abroad

This Jammu & Kashmir Bank study loan helps students finance their education and realise their dreams of pursuing higher education at recognised educational institutions in India or abroad. The maximum loan amount you can get is Rs. 10 lakh for studying India and Rs. 30 lakh for studying abroad. Let’s look at its different features:

Features of Jammu & Kashmir Bank IBA Model Education Loan

Why this Loan?

  • The loan is meant to help students who have secured admission into a higher education course in a recognised institution in India or abroad through Entrance Test or Merit-based Selection Process
  • This Jammu & Kashmir Bank Education Loan is disbursed as a series of payments over the required number of years and not as a lump sum
  • The loan can be taken for all expenses directly related to the course including for fees, purchase of books, laptops, hostel fees, lab fees, examination fees, etc.

Jammu & Kashmir Bank Budshah Primary Education Finance Scheme

This Jammu & Kashmir Bank study loan helps parents of school-going children pay the one-time admission fees and any arrears of monthly fees subject to a maximum of 6 months. The maximum loan you can get is Rs. 80,000 for one-time admission fees and Rs. 30,000 for monthly fee arrears.

Features of Jammu & Kashmir Bank Budshah Primary Education Finance Scheme

Why this Loan?

  • The loan is meant to help parents who are facing problems to pay the school fees of their children due to reasons such as natural calamities, turmoils, political disturbances, health issues, etc.
  • The Jammu & Kashmir Bank Budshah Primary Education Finance Scheme can be used to pay fees up to Class 12 for a maximum of 2 children
  • The loan for the monthly fee can be taken more than once provided the first loan so taken has been adjusted in full

Jammu & Kashmir Bank Coaching Fee Loan Scheme

This Jammu & Kashmir Bank study loan helps students finance their coaching classes in institutes that train students for entrance examinations for medical, engineering, civil services and so on. The maximum loan amount is Rs. 2 lakh per student subject to a maximum of Rs. 4 lakh for a parent or guardian.

Features of Jammu & Kashmir Bank Coaching Fee Loan Scheme

Why this Loan?

  • The loan is meant to help students pay for their coaching from institutes that train them to pass the entrance examinations for medical, engineering, civil services or other competitive exams and qualify for selection
  • This Jammu & Kashmir Bank Education Coaching Fee Loan Scheme is disbursed as a series of payments over the required number of months or years and not as a lump sum
  • The loan can be taken for all expenses directly related to the coaching including for laptops, desktops (PCs), tablets, study materials, online tutorials and so on.

Jammu & Kashmir Bank Term Loan for B.Ed. and M.Ed. Courses

This Jammu & Kashmir Bank study loan helps students finance their B.Ed. and M.Ed. courses. The maximum loan amount you can get is Rs. 25,000.

Features of Jammu & Kashmir Bank Term Loan for B.Ed. and M.Ed. Courses

Why this Loan?

  • The loan is meant to help students who have secured admission into a B.Ed. and M.Ed. course in a recognised institution in India
  • This Jammu & Kashmir Bank Education Loan for B.Ed. and M.Ed. Courses is disbursed as a series of payments over the required number of years and not as a lump sum
  • The loan can be taken for all expenses directly related to the course including for admission and tuition fees, purchase of books, laptops, and meet other expenses such as hostel fees, lab fees, examination fees, etc.

Jammu & Kashmir Bank Skill Loan Scheme

This loan helps students who have gained admission into technical courses offered by ITIs, polytechnics, schools, colleges, etc. to pay for their course fees. The loan amount starts from Rs. 5,000 and can go up to Rs. 1.5 lakh depending on the duration of the course.

Features of Skill Loan Scheme for Technical Courses from Jammu & Kashmir Bank

Why this Loan?

  • The loan is meant for you if you have gained admission into a technical course offered by a polytechnic, Industrial Training Institutes (ITIs), etc. in India
  • The Jammu & Kashmir Bank Skill Loan is disbursed as a series of payments over the required number of terms or years to pay the course fees or other approved charges
  • There is no minimum duration of course required to apply for this loan

Reference Facts:

  • Jammu & Kashmir Bank Website: www.jkbank.com
  • Headquarters: Srinagar, Jammu & Kashmir
  • Call Centre Toll-Free Number: 1800 1800 234