Sl.
No

Sector

Interest rate w.e.f.
01.08.2008

A.

Interest rate structure for loans and advances with aggregate limits exceeding              Rs. 20.00 lacs

1.

a)  Compliance of 7 out of 7 parameters      (A+ Rating)

PLR + 0.50%

b) Compliance of 6 out of 7 parameters (A Rating)

PLR+1.50%

c)  Compliance of 5 out of 7 parameters      (B Rating)

PLR + 2.50%

d)  Compliance of less than 5 parameters      (C Rating)

PLR + 3.50%

B.

Interest rate structure for loans and advances with aggregate limits up to Rs.20.00 lacs and those in various sectors and under different schemes

1

Trade  &  Services

a) Upto  Rs.0.50 lacs

PLR - 1.50%

b) Above Rs.0.50 lacs &  upto Rs 2.00 lacs

PLR – 0.50%

c) Above Rs 2.00 lacs to Rs 25.00 lacs

xxx

d) Above Rs.2.00 lacs to Rs.5.00 lacs

PLR

e) Above Rs.5.00 lacs & upto Rs.20.00 lacs

PLR+0.50%

2

Transport Operators having credit limits upto Rs.2.00 lacs)

a) Up to Rs.0.50 lacs

xxx

b) Above Rs.0.50 lacs & up to Rs.2.00 lacs

xxx

3.

Transport Operators having credit limits  above Rs.2.00 lacs)

a) Operators owing upto two vehicles

xxx

b) Operators owing more than 2 vehicles

xxx

c) Operators owing more than 10vehicles.

xxx

4

Passenger Buses for Schools/Educational
  Institutions with loan repayment

a)  Upto 7 years

14.00%

b)  Above  7 years.

14.50 %

5.

2nd hand commercial vehicles with

a)  Repayment upto 4 years

16.00%

b)  Repayment exceeding 4 years.

16.50%

6.

Agriculture/Horticulture

a)  Upto Rs.0.50 lacs

PLR-2%

b)  Above Rs.0.50 lacs upto Rs.2.00 lacs

PLR-1%

c)  Above Rs.2.00 lacs upto Rs.5.00 lacs

PLR-0.50%

d) )  Above Rs.5.00 lacs up to Rs.20.00 lacs

PLR

7.

Agri Term Loans

a)  Upto Rs.0.50 lacs

13.00%

b)  Above Rs.0.50 lacs

14.00%

8.

Advances under Apple scheme

a) Upto Rs.0.50 lacs

PLR-2%

b) Above Rs.0.50lacs & upto Rs.2.00 lacs

PLR-1%

c) Above Rs.2.00 lacs& up to Rs.5.00 lacs

PLR-0.50%

d) Above Rs.5.00 lacs& uptoRs.20.00lacs

PLR

9

Advances under Giri Scheme

a) Upto Rs.25.00 lacs

xxx

b)Above Rs.25.00 lacs

xxx

c) Upto Rs.2.00 lacs

PLR

d) Above Rs.2.00lacs & upto Rs.20.00 lacs

PLR+1%

e) Above Rs.20.00 lacs

PLR+1.50%

10

Advances under Zafran Scheme

a) Upto Rs.10.00 lacs

xxx

b) Upto Rs.2.00 lacs

11.50%

c) Above Rs.2.00 lacs & upto Rs.10.00lacs

12.50%

11.

Special Scheme (Mortgage Loan) for Fruit/Commission Agents:

a) Upto Rs.25.00 lacs

xxx

b) Above Rs.25.00 lacs

xxx

c)Upto Rs.2.00 lacs

PLR

 d) Above Rs.2.00 lacs & upto Rs.20.00lacs

PLR+1%

e)  Above Rs.20.00 lacs

PLR+2%

12

Small Scale Industries (SSI)

a) Upto Rs.0.50 lacs

PLR-2%

b) Above Rs.0.50lacs & upto Rs.2.00 lacs

PLR-1.50%

c) Above Rs.2.00 lacs & up to Rs.5.00 lacs

PLR-0.50%

d) Above Rs.5.00 lacs& uptoRs.20.00lacs

PLR

13

Loans under Craft Development Scheme

a) Upto Rs.0.25 lacs

PLR-2%

b) Above Rs.0.25 lacs & upto Rs.0.50 lacs

PLR-1%

c) Above Rs.0.50 lacs & upto Rs.1.00 lacs

PLR-0.50%

14

Loans to individuals against shares/debentures

PLR +2.50%

15.

Loans against Govt. securities/ NSCs/KVPs/IVPs/ LIC Policies

PLR

16.

Education loans (under Budshah Primary Education Scheme)
a)  Loans up to Rs.0.30 lacs

 14.50%

17.

Education Loans (Higher Education)

a) Upto Rs 25000/=

10.50%

b) Above Rs.0.25 lacs & upto Rs.5.00 lacs

11.50%

c) Above Rs.5.00 lacs

xxx

d) Above Rs.5.00 lacs & upto Rs10.00lacs

12.50%

e)Above Rs.10.00lacs& upto Rs.20.00lacs

14.50%

18.

Advances to landlords for construction of premises for bank’s use

a)   Upto Rs 2.00 lacs

14.50%

b)   Above Rs 2.00 lacs

15.50%

19.

Loans under J&K Bank Commercial Premises Finance Scheme

a)  Upto Rs.10.00 Lacs

xxx

b)Above Rs.10.00 lacs& uptoRs.30.00lacs

xxx

c) Above Rs.30.00 lacs

xxx

d) Upto Rs.2.00 lacs

PLR

e) Above Rs.2.00 lacs & upto Rs.10.00 lacs

PLR+1%

f) Above Rs.10.00lacs & upto Rs.30.00lacs

PLR+1.50%

g) Above Rs.30.00 lacs

PLR+2%

20.

Loans under Roshni Scheme

a) Upto Rs.20.00 lacs for residential      purpose

13.50%

b) Above Rs.20.00 lacs for residential   purpose

14.50%

c)  Loans for commercial purpose

16.00%

21

Mortgage loans against immovable property

a) Upto Rs.2.00 lacs

14.50%

b) Above Rs.2.00 lacs & uptoRs.20.00 lacs

16.00%

c)  Above Rs.20.00 lacs

16.50%

22.

Mortgage backed facilities for Trade & Services Sector

a) For all limits.

xxx

b) Upto Rs.2.00 lacs

PLR

b) Above Rs.2.00 lacs & upto Rs.20.00 lacs

PLR+0.50%

c) Above Rs.20.00 lacs

PLR+1%

23.

Car Loans

a) For All Limits

xxx

b) Upto Rs.4.00 lacs

xxx

c)  Above Rs.4.00 Lacs

xxx

24

2nd hand cars with repayment

Upto 4  years

15.25%

Above 4  years.

16.00%

25.

 Other Consumer Loans

16.00%

26.

Consumption Loans

a) Salaried employees of State / Central Government and other permitted Categories

16.00%

b) Professionals and businessmen

17.00%

27.

Clean Overdrafts/TOD

PLR+4%

28.

Bills Discounted under LCs

a)  Bills with usance period of 90 days.

11.25%

b) Bill with usance period  between  91 days and  upto 180 days.

12.00%

  4 %

30

Loans under JK Bank Fair Shop Scheme

PLR

31.

Adhoc facilities (over & above the sanctioned Limit)

Upto a period of 90 days 3% above the rate applicable on regular facility or PLR+3% whichever is higher.
ii) Above 90 days- TOD rate

32.

Advances (SOD/D/L) Against Bank’s Own Deposits
a) When the advance is granted against term deposits and the deposit stands in the name of the borrower singly or jointly Or one of the partners of the partnership concern and the advance is granted to the said concern Or the  proprietor of the proprietary concern and the advance is granted to the said concern Or a  ward whose guardian is competent to borrow on behalf of the ward and where the advance is made to the guardian of the ward in such capacity.

b) Advances (SOD/D/L)Against Bank’s Own Deposits in the name of third party/ies

1% over the deposit rate with monthly rests.

2% over the deposit rate with monthly rests

33.

Loans to Staff members

As per the  rate prescribed under various schemes

Repayment Period

Floating Rate of Interest

Fixed Rate of Interest

Interest rate with effect from 01.08.2008

Up to Rs.20.00 lacs

Above Rs.20.00 lacs

Up to Rs.20.00

Above Rs.20.00 lacs

Repayment upto 5 years.

   11.25%

  13.25%

  12.00%

14.25%

Above 5 years to 10 years

   11.75%

  14.00%

  13.00%

15.00%

Above 10 years to 15 years

 12.75%

  14.25%

    XXX

    XXX

Above 15 years to 20 years

13.00%

14.75%

    XXX

   XXX