This J and K Bank Personal Loan review will deal with all types of loans, under J and K Bank Personal Loan, offered, on an easy J and K Bank Personal Loan rate of interest, to individuals who satisfy J and K Bank Personal Loan eligibility norms. J and K Bank Personal Loan rate also differs in the three cases.

Jammu and Kashmir Bank Personal Loan is available under various heads:

• SAHOLIAT / SARAL Loans: disbursed in cash, this loan has a revolving-type facility
• Consumer Loans: to ease purchase of durable consumer goods, like, personal computers, motor-bikes, air-conditioner, washing machine, vacuum cleaner, etc
• Personal Loans to Pensioners: given without confirmation about purpose of the loan.

J And K Bank Personal Loan Interest Rate:

Based on J and K Bank Personal Loan rate, people who satisfy J and K Bank Personal Loan eligibility, can avail of J and K Bank Personal Loan, as would be seen in this J and K Bank Personal Loan review.

Hence, J and K Bank Personal Loan interest rate is as follows:                                                    

As mentioned in this, J and K Bank Personal Loan review, viewer can see that J and K Bank Personal Loan interest rate remains fixed across all sections of borrowers. 

J And K Bank Personal Loan Eligibility:

• Saholiat / SARAL Loans: Permanent employees of Government (Central/State) Govt., PSUs
• Consumer Loans: Employees of government, semi-government bodies
• Personal Loans to Pensioners: Central or State Pensioners through Bank.

Quantum Of Jammu And Kashmir Bank Personal Loan Or J And K Bank Personal Loan:

• SAHOLIAT / SARAL Loans: 30 months gross salary or 10.00 lacs whichever is lower
• Consumer Loans: 75000 subject to 12 times net monthly Salary
• Personal Loans to Pensioners: Below 65 years: lower of Rs.1lac or nine months’ pension
• Above 65years: lower of Rs.50,000 or six months’ pension

J and K Bank Personal Loan rate is independent of loan amount sanctioned, as it is clear from J and K Bank Personal Loan review.

Procedure Of J And K Bank Personal Loan:

Third party guarantee is required in both Consumer as well as Personal loan to pensioners, despite loan-seekers fulfilling all J and K Bank Personal Loan eligibility norms.

Tenure Of Jammu And Kashmir Bank Personal Loan:

• SAHOLIAT / SARAL Loans: 84 months or remaining period of service, whichever is less.
• Consumer Loans: 60 months
• Personal Loans to Pensioners: 36 months

Repayment Of Jammu And Kashmir Bank Personal Loan:

Repayment through PDCs in the above mentioned repayment periods

Default In Payment Of Jammu And Kashmir Bank Personal Loan:

In SAHOLIAT personal loan, full limit can be restored if borrower requests so, subject to outstanding balance being reduced to 40% of loan amount.

Product page url:  For detailed information visit official website of bank http://www.jkbank.net/otherLoans.php

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