Jammu and Kashmir Bank
In today’s highly competitive world the need to be academically well-qualified cannot be overstressed. As a result of this exceptional demand, good education opportunities seem few and far between leading to astounding hikes in the cost of higher studies. Thankfully, there is the option of student loan schemes and this is gaining popularity among students who want to pursue higher studies. This means that higher education is now no longer just a dream for students. More and more banking institutions are making the way smoother for students by sanctioning education loans for studying in professional courses both in India from any recognized educational institution as well as abroad.
Jammu and Kashmir Bank was incorporated in the year 1938 and is listed as the universal bank of the state of Jammu and Kashmir. The bank is regarded as a specialised and functional bank in other parts of the country. This bank has a pan-India presence with 833 branches and 726 ATMs spread across the nation. The Jammu and Kashmir bank is rated P1+, indicating the highest degree of financial stability by Standard and Poor’s and CRISIL. Jammu and Kashmir bank is the sole bank operated by the state government of Jammu and Kashmir.
Jammu and Kashmir Bank offers its customers three types of schemes for education loans and each of the J&K Bank education loan schemes serve a different purpose. While one scheme provides loan for higher education in India or abroad, a second scheme provides loan for M. Ed or B. Ed courses and the third scheme provides loan for primary education. So providing such different varieties of loan schemes, the bank tries to meet all the requirements of individuals seeking an Education Loan and boosting the morale of financially poor but meritorious students deserving to pursue higher studies without any financial obstacle from alleged educational institutions in India or abroad. Let us take a detailed look at the versions of Education Loans which the bank offers and the features of each.