Good News :J&K Bank Personal Finance For Festival Celebrations: To Take Benefits-Check Eligibility, Other Details Here
Click Here To Join Our WhatsApp Group!
J&K Bank Personal Finance For Festival Celebrations Scheme: Check Eligibility, Other Details Here
NATURE OF FACILITY
-Term Loan
PURPOSE
-To provide personal finance for festival celebrations.
ELIGIBILITY
-Permanent Employees/Pensioners of State/Central Government, Government/Semi-Government Undertakings & Autonomous Bodies drawing salary/pension from our Bank.
AGE OF THE APPLICANT
-Minimum: 18 years
-Maximum: 1 year less than the age of retirement i.e. 59 years where retirement is 60 years and 57 years where retirement age is 58 years
-Maximum: 69 years in case of pensioners
QUANTUM OF FINANCE
-Minimum:5,000
-Maximum:Average of previous three months’ net salary credited in the account ,subject to maximum of: 40,000 where average is less than 50,000
60,000 where average is greater than or equal to 50,000 but less than 80,000
75,000 where average is80,000 or above
-For Pensioners: 70% of the net pension credited in the account or20,000 whichever is lower
MARGIN
-Nil
SECURITY
-Primary: Nil
-Collateral: Nil
PROCESSING CHARGE
-Nil
REPAYMENT
-10 Equated Monthly Installments
PREPAYMENT
-No penalty
RATE OF INTEREST (SUBJECT TO CHANGE)
-1 year MCLR + 3.50 % P.a.(fixed) with monthly rests
–Click here for rate of Interest
OTHER CONDITIONS
-The scheme shall be available on the occasion of following festivals only:
-Eid-ul Fitr, Eid-ul-Adha, Maha Shivratri, Navreh, Nowroz, Mela Desmochey, Baisakhi, Gurupurab, Mela Hemis Gumpa, Ashura, Diwali, Losar and Christmas.
-Loan under the scheme shall be available to all the eligible borrowers irrespective of their religion / community.
