J&K Bank Personal Loan

• Interest Rate: 11.55%-13.35% p.a.
• Tenure: Up to 10 years
• Processing Fees: Up to 1% loan amount subject to a maximum of Rs 10,000+GST
• For Pensioners: NIL

Note: Rates as of 19th June 2025

• Purpose: For meeting all sorts of personal financial requirements
• Loan Amount: Minimum Rs 50,000 Maximum Loan Amount :
  • For permanent Government employees, employees of PSUs, Institutions and Autonomous bodies of government having salary account with J&K Bank- 42 times monthly gross salary
  • For government employees not having salary account with J&K Bank-24 times monthly gross salary or Rs 15 lakh, whichever is lower
  • For employees of Corporate Houses or other reputed institutions having salary account with J&K Bank- 30 times monthly gross salary or Rs 25 lakh, whichever is lower
• Tenure: Up to 10 years
• Processing Fees: NIL

• Purpose: Term loans to meet personal and professional requirements
• Loan Amount: 2.5 times net annual income or 30 months net monthly income or Rs 20 lakh, whichever is lower
• Tenure: Up to 7 years
• Processing Fees: 1% loan amount subject to maximum of Rs 10,000+GST

• Purpose: Term loan for any personal requirements
• Loan Amount: For Pensioners:
  • Up to 70 years of age at the time of applying loan: 30 times net monthly pension
  • 70-74 years of age at the time of applying loan: 12 times net monthly pension
• For Family Pensioners:
  • Up to 70 years of age at the time of applying loan: 24 times net monthly pensions or Rs 3 lakh, whichever is lower
  • 70-74 years of age at the time of applying loan: 12 times net monthly pension or Rs 2 lakh, whichever is lower
• Processing Fees: NIL

• Purpose: Term loans to fulfil personal requirements
• Loan Amount: 30 months net monthly income subject to maximum of Rs 20 lakh
• Tenure: Up to 7 years
• Processing Fees: 1% loan amount subject to maximum of Rs 10,000+GST

• Purpose: To meet the finances for festival celebrations
• Loan Amount: Minimum loan amount: Rs 5,000 Maximum loan amount: Average of net salary for last 3 months subject to maximum of Rs 40,000, average is less than Rs 50,000 Rs 60,000, average is Rs 50,000-Rs 80,000 Rs 75,000, average is Rs 80,000 or above
• Tenure: Up to 10 years
• Processing Fee: NIL

• Purpose: Composite loans to meet personal or professional requirements of journalists/media personnel and newspaper employees/media houses, on merit basis
• Loan Amount: Up to 36 times of net monthly income subject to Rs 50,000-Rs 3 lakh
• Tenure: Up to 5 years
• Processing Fees: Rs 200+GST

• Age: 18 years to 1 year less than the retirement age/18-65 years (Sahafat Finance Scheme)/ 21 years to 1 year less than the retirement age (J&K Bank Cash Credit Scheme) Up to 69 years for pensioners

• Permanent employees of Central/State Government, PSUs, Government institutions and autonomous bodies, government employees (for J&K and Ladakh only) recruited under SRO 202 with a service of 18 months
• Permanent employees of reputed institutions having bank accounts with J&K Bank and also maintaining salary accounts with J&K Bank or will shift their existing salary accounts to J&K Bank with at least 1 salary received in the account
• Corporate House employees banking with J&K Bank, permanent employees maintaining salary accounts with the bank, or will shift their existing salary accounts to J&K Bank with at least 1 salary received in the account
• Doctors, engineers, architects, lawyers, CAs, maintaining relationship with the bank
• Central/State/Union Territory Government Pensioners/Family Pensioners having pension accounts with J&K bank and withdrawing the pension from J&K bank or having pension accounts with J&K Bank but the pension is disbursed from some other bank
• Businessmen having 3 years of satisfactory dealings with J&K bank maintaining a current deposit account or a business loan account
• Permanent employees/pensioners of State/Central Government, Government/Semi-Government Undertakings, Autonomous bodies drawing salary or pension from J&K Bank
• Journalist/media personnel

• Proof of Identity: This may include your Aadhaar Card, Voter ID Card, PAN Card, Passport, Driving License, etc.
• Proof of Address: This may include the latest utility bill (electricity/ telephone bill), bank passbook, Aadhaar Card, etc.
• Proof of Income: This may include your salary slips, bank account statement, profit and loss statement, Income Tax Return, etc.
• Personal loan application form: It should be duly filled and signed.
• Recent passport size colour photographs.