Education Loans in India
Tuesday, January 21, 2020
Education & Career
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Jammu & Kashmir Bank Education Loan Scheme

Education Loan Scheme | Term Loan for B.Ed/ M.Ed. Courses | Budshah Primary Education Finance

Education Loan Scheme

Eligibility : 


  • Should be an Indian National
  • Should have secured admission to professional/ technical courses through entrance test/ selection process.
  • Should have secured admission to foreign universities/ institutions
  • Should have passed the qualifying examination for admission to the courses.
  • Employed person intending to improve their educational qualification and/ or receive training in modern technology in India or abroad can also be assisted under this scheme provided training offers prospects of better placement.


In India:

  • Graduate / Courses in :BA, B.Com., B.Sc., etc. Medicine, Surgery, Engineering, Hotel Management, Design, Architecture, Bio-chemistry, Agriculture, Veterinary etc.
  • P.G Courses in : Business Management, Chartered or Cost Accounting , Company Secretaryship, Masters & PhD.
  • Professional Courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc.
  • Computer Certificate Courses: of reputed institutes accredited to Dept. of Electronics or institutes affiliated to university.
  • Courses like ICWA, CA, CFA etc.
  • Courses Conducted by IIM, IIT, IISc, XLRI. NIFT etc.
  • Regular Degree/Diploma courses like Aeronautical, pilot training, shipping etc., approved by Director General of Civil Aviation/Shipping, if the course is pursued in India. In case the course is pursued abroad, the Institute should be recognized by the competent local aviation/shipping authority.
  • Courses offered in India by reputed foreign universities.
  • Evening courses of approved institutes.
  • Other courses leading to diploma/ degree etc. conducted by colleges/ universities approved by UGC/ Govt./ AICTE/ AIBMS/ ICMR etc.
  • Courses offered by National Institutes and other reputed private institutions..
  • Courses under Distance Education/ learning leading to professional/ technical certificates/ degree/ diploma courses etc offered/ conducted by reputed colleges/ universities/ institutions recognized/ approved by UGC/ Govt./ AICTE/ AIBMS/ ICMR etc.
  • Teacher Training Courses/ Nursing Courses/ B.Ed. conducted by institutions that are approved by Central Government/ State Government provided the said courses lead to degree or diploma and not to certification course.


  • Graduation: For job oriented professional/ technical courses offered by reputed universities.
  • P.G Courses: MCA, MBA, MS, etc.
  • Courses conducted by CIMA- London, CPA in USA etc.

Loan Details


  • For studies in India - Rs.10.00 Lacs
  • For studies Abroad - Rs.20.00 Lacs


  • For loans upto Rs. 4 lacs - nil
  • For loans above Rs. 4 lacs
    - Studies in India - 5%
    - Studies abroad - 15%


  • Personal guarantee of borrower/ 's
  • Collateral security equal to amount of loan.
Rate of Interest

  • Upto Rs.25,000 - 9.50% p.a
  • Above Rs.25,000 to Rs.5.00 Lacs - 10.50% p.a
  • Above Rs.5.00 Lacs to Rs. 10.00 Lacs- 11.50% p.a
  • Above Rs. 10.00 Lacs to Rs. 20.00 Lacs- 12.50% p.a

Repayment Holiday/ Moratorium: Course period + 1 year or 6 months after getting job, whichever is earlier

The loan to be repaid in 5 to 7 years after commencement of repayment. If the student is not able to complete the course within the scheduled time, extension of time for completion of course may be permitted for a maximum of two years.


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.