Jammu & Kashmir Bank Education Loan Scheme
Budshah Primary Education Finance
To provide opportunity to children to have good quality primary education.
Eligibility :
- Child should be 3+ years of age.
- The applicant should produce a Certificate from the concerned school
that the child has been granted Admission.
- The loan application should be forwarded by the Principal of the School.
- The parent/guardian should have an independent regular source of income.
- The school should be recognized/ registered.
Loan Details
Coverage of expenses
- To finance the entire cost of education of a child including school
fee, uniform, books, etc.
Quantum
- Primary Education (Private School) - Maximum Amount Rs.30,000
- Primary Education (Government) - Maximum Amount Rs.2,000
- Secondary Education (Private School) - Maximum Amount Rs.25,000
- Secondary Education (Government) - Maximum Amount Rs.5,000
Margin
Security
- Personal guarantee of the parent/guardian.
- Third Party guarantee of one person (Third party guarantee shall
not apply in case of Government employees drawing salary through our
branches)
Processing charges
- 0.05% of the amount sanctioned with a minimum cap of Rs 25/- to be
paid upfront
Rate of Interest
Repayment 12 equal monthly installments. There shall
be no moratorium period
Contact Details
Registered Office
Jammu & Kashmir Bank Ltd.
M A Road, Srinagar 190 001
EPABX Numbers: (+91- 0194) 2481930 -2481935
Website : visit |
Click
here for the nearest bank branches
Note : Since the
rules, regulations, eligibility conditions, repayments and interests rates etc.
are revised by the banks from time to time in keeping pace with the changing
capital market conditions, students and parents are advised to thoroughly check
the terms and conditions of educational loan scheme on offer at the time of
application.
