Jammu & Kashmir Bank Education Loan For B.Ed and M.Ed. Courses

Jammu & Kashmir Bank Education 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 Education 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 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.

Loan Amount

  • The maximum loan amount sanctioned by the bank for this loan is Rs. 25,000


  • The interest rate for this J&K Bank education loan is defined as the sum of RLLR and a factor of 2.00% where RLLR is the Repo Linked Lending Rate. Currently, the RLLR of Jammu & Kashmir Bank is 7.20% which brings the effective interest rate for this loan to 9.20%


  • This loan must be repaid within 1 year

Security Needed

  • No collateral required
  • The bank accepts a third party guarantee as security for the loan


  • The borrower must be an Indian national
  • The student should have completed graduation in any discipline from a recognised university
  • The student should have secured admission in a B.Ed. or M.Ed. course at a recognised institution or college
  • The loan application has to be forwarded by the College Principal

Eligible Courses

  • B.Ed. or M.Ed. course at a recognised institution or college in India

Borrower Contribution to Total Cost (Margin Money)

  • The bank charges 10% margin for this loan

Note: Margin money refers to the amount the borrower contributes to the overall amount required. Suppose a course costs Rs. 1.5 lakh in which case if the borrower has to provide a margin of say 10%, then she will contribute Rs. 15,000 (10% of Rs. 1.5 lakh) to the total course fees while the lender bank offers the rest.

Processing and Other Charges

  • The bank charges 0.05% of the loan amount or Rs. 25 for processing this loan, whichever is lower

Uses of the Loan

  • College, school and hostel fees
  • Examination, library and laboratory fees
  • Caution deposit, building fund or refundable deposit supported by institution bills or receipts
  • Cost of books, equipment, instruments, uniforms

Documents Needed

  • Application Form duly filled and signed by applicant and/or guarantor along with details of applicant and/or guarantor and family
  • Two Passport Size Photographs of student, applicant and/or guarantor
  • Photocopy of PAN Card of the student that needs to be submitted at the time of application or during the course period
  • Personal Identification Proofs (Any One): Electoral I-Card, Passport, Driving License, PAN Card or Aadhaar Card
  • Residential Address Proof (Any One): Electricity Bill, Landline Telephone Bill, Electoral or Voter ID Card or Passport
  • Admission Letter, Course Details and Prospectus
  • Fee Details with Demand of Fee by the Institution
  • All Proofs of Past Academic Record including Mark Sheets and Certificates

Reference Facts:

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