Jammu and Kashmir Bank Home Loan Interest Rates


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Zeroed on Jammu and Kashmir Bank to buy your dream home? Searching for its home loan interest rates? Well, the bank offers affordable interest rates to the borrowers for repay the EMIs without having to pinch their wallet. In addition, the bank also provides a higher quantum of finance to buy a dream home.

Jammu and Kashmir Bank Home Loan Interest Rate December 2018

Interest Rate8.85% - 9.15%
Loan AmountCost of construction or purchase of house or flat less by stipulated margin

For Pensioners - 36 times of net monthly pension subject a condition that the sanctioned loan amount must be fully repaid by the pensioner while he/she attains 70 years of age. Further, total deductions must not be above 50% of their monthly income
Loan TenureUp to 30 years
Processing Fee0.25% of the loan amount, subject to a minimum and maximum of ₹500 and ₹10,000, respectively, plus applicable GST

50% waiver allowed in case of female borrowers in both sole and joint home loans
Prepayment PenaltyNIL
SecurityEquitable or registered mortgage of the house or flat to be purchased or constructed

Jammu and Kashmir Bank Balance Transfer Interest Rates

Since a home loan generally runs for as long as 20-30 years, it makes for a case of regular introspection. So if your home loan is running at a lender charging a higher interest rate than Jammu & Kashmir Bank, you can thus shift the outstanding balance of the loan to the latter and save a huge hunk of interest repayments from your end. This, in the world of loan, is called as balance transfer.

Jammu and Kashmir Bank Housing Loan Formalities

The bank, before disbursing a housing loan, checks whether the borrower meets the following criteria.

  • Permanent employees of state or central government, semi-government undertakings and autonomous bodies
  • Retired employees of state, central or public sector undertaking
  • Employees of reputed organizations with at least 3 years of work experience
  • Self-employed individuals or businessmen with at least 3 years in the existing business
  • Persons involved in agriculture and allied activities
  • Non-resident Indians (NRIs) provided the sanctioning authorities are convinced about the income of the concerned individual/s

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Home Loan Interest Rates December 2018
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