J&K Bank, commonly known as Jammu and Kashmir Bank with personal loan interest rates starting at 12.30% per annum for terms up to ten years. Additionally, the Sahafat Finance Scheme, a unique personal loan program, is available to media professionals at 12.55% p.a. and personal loans are available to pensioners and family pensioners at 12.30% p.a.

In this page, you will find out rates range from 12.30%-13.30% per annum, depending on the category of customers – salaried, pensioners, teachers, or others. It also varies based on whether a customer is running a salary account with the bank or not.  

Jammu & Kashmir Bank Personal Loan Interest Rate Details 2025

Advantages of Jammu & Kashmir Bank Personal Loan

These are the advantages of Jammu and Kashmir Bank that can be beneficial for you while applying for a personal loan  -

• Personal Loans - Jammu & Kashmir Bank allows you to apply and get personal loans up to 15 Lakhs which provides substantial financial support to pay off your debts and loans easily.

• Tenure - One of the key advantages of Jammu and Kashmir Bank is the availability of extended loan tenures up to 10 years, which significantly lowers the EMI amount. By spreading the repayment over a longer period, it reduces the monthly financial burden, making cash flow management much easier.

• Minimal Documentation - Jammu & Kashmir Bank aims to streamline the application process by reducing the paperwork required. This simplification speeds up the loan application procedure, making it more efficient.

• Collateral Fee - Jammu and Kashmir Bank personal loans are unsecured which means you don’t need to pledge any assets like property, gold, or a vehicle to secure the loan. This reduces the risk associated with losing valuable assets in case of non-repayment.
   
• No Hidden Charges - When considering a personal loan, transparency in charges is crucial to avoid unexpected costs. Jammu and Kashmir Bank offers personal loans with the significant advantage of no hidden charges.

Factors Affecting Jammu & Kashmir Bank Personal Loan Interest Rate

The factors that can affect your personal loan interest rates in many ways -

• Credit Score: One of the most important variables in deciding the interest rate on your personal loan is your credit score. Lower interest rates are available to you if you have a higher credit score (usually 750 or above), which indicates solid creditworthiness.

• Income Level and Stability: Higher and more reliable earners are frequently eligible for lower interest rates since lenders view them as less risky and more likely to make loan repayments on schedule.

• Loan Amount and Tenure: The interest rate may vary depending on the amount you want to borrow. Lower interest rates may occasionally be associated with larger loan amounts; however, this will depend on your financial situation and the bank's policies.

• Relationship with the Bank: Having an existing relationship with Jammu & Kashmir Bank, such as a salary account, savings account, or previous loans, can sometimes result in preferential interest rates. The bank is more likely to offer a better rate to loyal customers.

• Credit History: The bank closely examines your credit history, including how you have handled credit card and loan payments in the past. More favorable interest rates can result from a track record of on-time payments and prudent credit behavior.

Calculating EMIs on Jammu & Kashmir Bank Personal Loans at Different Interest Rates

You can always refer to the EMI calculator to ascertain the installments applicable to a loan. Checking the calculator before applying for a loan is one good exercise a borrower must do to get an idea of the EMI and interest payable from your end throughout a loan. 

After deciding on the loan amount and interest rate, the next step is to calculate your monthly EMIs. This helps you understand how much the monthly payment is. To make this calculation easier, you can use Wishfin's Jammu and Kashmir Personal Loan EMI Calculator.

Just enter the following information:

• Principal Amount

• Interest Rate

• Tenure

The installment payments (EMIs) for a personal loan of Rs. 2,00,000 with an interest rate that starts at 12.30% p.a. and can go up to 13.30% p.a. based on your application and terms that range from one to five years are shown in the table below. The loan amount and other specifics are adjustable to meet your needs.

What Should You Do in Order to Fetch the Lowest Interest Rate from IDFC First Bank?

Securing the lowest interest rate on a personal loan can significantly reduce your overall borrowing costs. Here are the factors that might affect your personal loan interest rate -

• Maintain a High Credit Score: Having a credit score of 750 or higher is essential to getting a cheap interest rate. Make sure your credit report and score are correct and up to date by checking them frequently.

• Improve your Credit Score: Reduce credit card balances, pay off current debts, and make sure you never miss a payment on your credit cards or loans if your score is lower. Although it could take some time, this procedure can result in a much better interest rate.

• Choose a Shorter Loan Tenure: Shorter tenures typically have lower interest rates, even though higher tenures lower your monthly EMI. Selecting a shorter tenure could result in interest savings throughout the loan if you can afford the higher monthly installment.

• Negotiate with the Lender: Don't be afraid to talk to the bank about the interest rate. You may be able to negotiate a lower rate than what is first offered if your financial profile is strong.

Jammu & Kashmir Bank Balance Transfer Interest Rates

If you are already servicing a personal loan at a lender charging higher interest rates than what’s offered at J&K Bank, you can then shift the balance outstanding to the latter to save on the EMI and interest repayments. The processing to shifting the outstanding loan balance from one lender to another before expiry of the tenure is called as a balance transfer.

Jammu & Kashmir Bank Personal Loan Status

Post applying for a loan, one thinks of checking the status of the same, isn’t it? You can thus check the status by calling the executive of the branch where you had submitted your application, or the customer care centre. The executives can suggest measures to remove the discrepancies, if exist, from your application to ensure a smooth approval from the bank.

Documents Required for a Jammu and Kashmir Personal Loan

Making sure you have these documents on hand will help your J&K Bank Personal Loan application process go more smoothly. However, please verify with the bank for any specific requirements or updates.

•  ID Proof: Valid passport or PAN card or any other government-issued ID.
• AddressProof: Telephone bill, Aadhaar Card, electricity bill, or any other valid proof acceptable to the bank.
• Income Proof:
• Salary slips for the past six months.
• Form 16 of the past three years.
• Letter from the employer.
• Income Tax Returns for the past three years.
• Two Passport-sized Photographs.
• Any other document as requested by the bank.

Other Charges of Jammu & Kashmir Bank Personal Loan

Here are the certain additional charges and fees that can be applicable to your personal loan application: 

Compare Personal Loan Interest Rates from Different Banks

Below is a table showing the personal loan interest rates from various banks for 2025 to help you make the best choice.

FREQUENTLY ASKED QUESTIONS

1. What is the interest rate for a personal loan from Jammu and Kashmir Bank?

The personal loan interest rate from Jammu and Kashmir Bank is 12.30% to 13.30% p.a. 

2. Does J&K Bank provide pensioners with personal loans?

Under the Saral/Saholiat Finance Scheme for Pensioners, J&K Bank provides personal loans to pensioners with Personal Consumption Loan for interest 12.30% p.a. (fixed)

3. What is the longest personal loan repayment period offered by J&J Bank?

For personal loans from J&K Bank, the maximum payback term is 10 Years.

4. What are the customer care numbers for Jammu and Kashmir Bank?

The customer care numbers for J&K Bank are 0194-2481999 and 0194-2481936.

5. What is the interest rate of KCC loans in Jammu and Kashmir Bank?

Under the KCC Scheme, the interest rate structure for agricultural and related businesses will be as follows:

• Up to 2 Lac Applying MCLR +0.50% (floating) for amounts over
• Rs. 2.00 lac and up to Rs. 5.00 lakh Applicable MCLR +1.00% (floating) 
• Up to a maximum of Rs. 15.00 lacs and Rs. 5.00 lacs. 
• Relevant MCLR +1.50% (floating) for amounts above Rs. 15.00 lacs 
• Short-term crop loans up to Rs 3.00 lacs @ 7% annual percentage rate, based on internal rating.

6. What is the maximum and least amount that can be lent?

The Bank will decide how much to charge. 

• For government workers, the maximum loan amount is Rs. 20 lakhs, and the repayment period is normally 36 months of gross pay. The total loan amount also depends on several other aspects, including your capacity, income, credit history, and repayment habits. To find out more about the minimum and maximum amount that applies to you, get in touch with the bank directly.

7. How can I contact the Jammu & Kashmir Bank with questions about personal loans?

The customer service team at Jammu and Kashmir Bank for personal loans is well-equipped to respond to any questions from clients on interest rates, loan terms, repayment alternatives, etc. Customers can promptly get answers to their inquiries about personal loans using the channels provided below.

Customer Service: 1800 1800 234

Contact Us: 0194-2481999

Internet banking: 1800 1800 234 

8. How much money can I borrow with the personal loans offered by Jammu & Kashmir Bank?

Up to Rs. 20 lakhs in personal loans are available from the Jammu & Kashmir Bank.