Jammu & kashmir Bank Home Loan | Eligibility | Documents | Rates | Information

J & K Bank Home Loan – Compare Documents, Eligibility, Interest Rates of Home loans with Jammu and kashmir Bank Online. Apply for loans with J & K bank.

Quantum of loan

  • For Construction /Purchase 60 months net salary or 75.00 Lacs whichever is lower.
  • For repairs/renovation 20 months net salary, subject to a maximum of 10.00 Lacs.
  • For purchase of land: 20 months net salary/income subject to maximum of 5 Lacs within J&K and 10.00 Lacs outside J&K.

Home Loan applications received for rupees ₹ 419,027 crores till 02 December 2020

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Loan Amount
Occupation

Annual Income

City

120,17,256 loan quotes taken till now.
Home loan Interest rates starts from 6.90% for women, 6.95% for Others.

Also as an incentive for small borrowers, the home loans upto 1.5 Lacs granted for repairs/renovations of existing houses would now be secured by third party guarantee of two persons or such other security as is deemed appropriate by the Bank.

J & K Bank Home Loan Interest Rates

Loan Amount Interest rate
Upto Rs. 25.00 lacs 8.45% – 8.75%
Above Rs. 25.00 lacs and upto Rs.75.00 lacs 8.45% – 8.75%
Above Rs. 75.00 lacs 8.45% – 8.75%

Eligibility for J & K Bank Home Loan

  • Employees of Govt. , Semi-Govt. Dept., Civic Bodies, PSU’s with minimum 5 years service.
  • Reputed Businessmen with minimum 5 years standing.
  • Professionals & Self employed like Doctors ,Engineers , CA’s , Advocates with minimum 5 years standing

Repayment options on J & K Bank Home Loan

  • For construction of new house 20 years including 9 months moratorium in equal monthly installments.(Applicable to new loans and disbursements only)
  • For addition / Renovation 10 years Including 2 months moratorium in equal monthly Installments.

Margin

  • 15% for construction/purchase of built house flat.
    20% for renovation/purchase of land.

Processing charges – 0.25% of loan amount

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