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::Welcome to Jammu and Kashmir Bank Limited ::

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Housing Loan Scheme

	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. Also as an incentive for small borrowers, the 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.

	Eligibility	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

	Rate of Interest (Subject to Change)	Click here for rate of Interest

	Security	Mortgage of the house/property to be purchased/ constructed. Third party guarantee of one person or Assignment of LIC policies, pledge of govt. securities etc. Negative lien on the property to be repaired/renovated without mortgaging the same to the Bank.

	Repayment	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
Top		(Conditions Apply)

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