Looking for a Small Business Loan from Jammu and Kashmir Bank?

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MSME Loans from Jammu and Kashmir Bank

Probably one of the few J&K-based banks in India, Jammu and Kashmir Bank offers a wide range of finance products to different segments of its customer base. The bank has a wide range of funded and non-funded facilities for its retail, corporate, MSME, NRI and other customers. As of now, the bank offers two loans to its MSME customers.

The two MSME loans from Jammu and Kashmir Bank are:

  1. Mortgage Loan Scheme for Traders
  2. Giri Finance Scheme

We give you a brief intro to the business loans below. In addition, you have the option to click further and read in detail about each loan on 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. In case information is less or not available, we have been not been able to create an information page as yet, but we may do so in the course of the next few months.

Jammu and Kashmir Bank Mortgage Loan for Traders of Agricultural Produce

This loan helps businesses meet their needs by availing a loan against stocks and book debts/receivables. The businesses can avail this loan to meet their working capital needs.

Features of Jammu and Kashmir Bank Mortgage Loan for Traders of Agricultural Produce

Why this Loan?


  • The Jammu and Kashmir Bank Mortgage Loan for Traders is meant for business owners who want to avail funds to meet their working capital needs by mortgaging  stocks and book debts/receivables
  • The maximum loan amount sanctioned under this loan scheme is up to 40% of the projected sales turnover or 70% of the forced sale value of the property, whichever is lower

Jammu and Kashmir Bank Giri Finance Scheme

This loan helps Walnut kernel Traders get access to funds to meet their working capital needs such as procuring walnut kernels, selling walnut kernels, etc. This is a secured loan.

Features of Jammu and Kashmir Bank Giri Finance Scheme

Why this Loan?

  • The Jammu and Kashmir Bank Giri Finance Scheme is meant for walnut kernel traders from Jammu and Kashmir to help them meet their working capital needs
  • This is a need-based loan. The maximum loan amount sanctioned under this loan scheme depends on the needs as well as the repayment capacity of the borrower

Important Note: There is a possibility that the bank may offer more MSME loan options that are not yet published on the website. Therefore, we suggest that you get in touch with the nearest branch to check the loan schemes they offer. This will also help you get a custom quote since many loan schemes are need-based and certain charges such as application charges, service charges, etc. may be decided on a case-to-case basis.


Interest Rate

  • The applicable interest rate on Jammu and Kashmir Bank MSME loans is defined as the sum of two factors viz. One-year Marginal Cost of Funds based Lending Rate (MCLR) and Strategic Premium. As of now, the one-year MCLR of Jammu and Kashmir Bank is 7.50%. The Strategic Premium depends on various factors such as the type of loan, quantum of loan, etc.

Documents Needed for Individuals

  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card/ PAN Card Issue Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income/Banking Proof: Last 6 months Bank Account Statement of applicant and co-applicant, Loan Statement of Running Loans, Latest Closed Loan NOC, Net Worth of the applicant and co-applicant
  • Security (as applicable): Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report
  • For term loans: Project report with details on product choice, market survey, projection of production and sales, infrastructural needs, etc.; projected cash and fund flow statement for the repayment period; and copies of all licenses and permits wherever applicable

Documents Needed for Proprietorship and Partnership Firms

  • Loan Application Form duly filled and signed
  • Partnership Deed and Partnership Registration Certificate
  • ID Proof of the Firm: Firm PAN Card or PAN Issuing Letter
  • Office Address Proof: Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income Proof: CMA Data and Project Report, Debtors and Creditors Certificate, GST Return, Last 3 years ITR of applicant and co-applicant, Audited or CA Certified Computation of Income/Trading Account/Profit and Loss Account/Balance Sheet, Annual Audit Report and Tax Audit Report if audited, Form 16A if applicable, Net Worth of applicants, co-applicants and guarantors
  • Banking Proof: Last 1-year Statement of Company’s Major Account, Current Account, Cash Credit Account, Overdraft Account, Loan Statement of Running Loans, Latest Closed Loan NOC and Last 6-months Bank Statement of Applicant and Co-applicant’s Savings Account
  • Security (as applicable): Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report
  • Other Relevant Documents: Partnership’s Business Profile, Promoter/Guarantor’s Profile, Corporate Brochure, Business Experience Supporting Documents, Business References
  • For Term Loans Only: Project report with details on product choice, market survey, projection of production and sales, infrastructural needs, etc.; projected cash and fund flow statement for the repayment period; and copies of all licenses and permits wherever applicable

Documents Needed for Private Limited and Public Limited Companies

  • Application Form duly filled and signed
  • Company ID Proof: Company’s PAN Card
  • Office Address Proof: Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Business Proof: AOA and MOA, Company Incorporation Certificate, Business Commencement Certificate, Board Resolution, CA/CS verified Share Holding Pattern, ROC Annual Return, DIN Certificate, List of Directors on Company Letter Head, GST Number, Form 32 in case of Director Change
  • Income Proof: CMA Data and Project Report, Last 3 Years ITR Acknowledgement copy of Company and all Directors, Last 3 Years Annual Credit Report or Tax Audit Report with Article 3CB, Article 2D, Article 3CD, TDS Certificate/Form 16A, Net Worth Certificate
  • Banking Proof: Last 1-year Statement of Company’s Major Account, Current Account, Cash Credit Account, Overdraft Account, Loan Statement of Running Loans, Latest Closed Loan NOC and Last 6-months Bank Statement of Applicant and Co-applicant’s Savings Account
  • Security: Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report
  • Other Relevant Documents: Company’s Business Profile, Promoter/Guarantor’s Profile, Corporate Brochure, Business Experience Supporting Documents, Business References
  • For term loans only: Project report with details on product choice, market survey, projection of production and sales, infrastructural needs, etc.; projected cash and fund flow statement for the repayment period; and copies of all licenses and permits wherever applicable

Reference Facts:

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