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    Jammu and Kashmir Bank Home Loan

    Eligible customers can avail housing loans from Jammu and Kashmir bank at attractive interest rates. Loans are given provided at an interest rate that ranges from 8.85% to 9.20%. The processing fee is 0.25% of the loan amount plus applicable GST. The repayment tenure is 30 years for salaried individuals and 20 years for other customers. 

    We found 1 Jammu and Kashmir Bank Home Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.9% - 9.25% Floating
    0.25% (max. ₹10,000 )
    ₹50L Max
    1 - 30 Years
    Response Time : Within 30 minutes
    What you'll love
    Think about
    Fees & Charges
    Good to Know

    Housing is one of the perennial requirements of life since it not only ensures shelter over our heads but also offers to double up as an investment instrument offering attractive returns over a period of time. Buying a home or a plot is not an easy task since it comes with huge costs, best answered through credit by means of a housing loan.


    You’re probably eligible for an Jammu and Kashmir Bank Home Loan if you are

    Jammu and Kashmir Bank Home Loan Minimum Age

    At least 18 years old

    Jammu and Kashmir Bank Home Loan Maximum Age

    Less than 70 years old

    Jammu and Kashmir Bank Home Loan Eligible Employment Type

    Salaried or self-employed
    with regular income

    Jammu and Kashmir Bank Home Loan Minimum Income

    Earn more than the minimum
    income required


    Your Jammu and Kashmir Bank Home Loan amount eligibility is based on these factors

    Jammu and Kashmir Bank Home Loan Minimum Salary

    Earn more than the minimum
    income required

    Jammu and Kashmir Bank Home Loan Maximum Loan to property value

    Loan capped @ 60 times Gross monthly Income

    Jammu and Kashmir Bank Home Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Jammu and Kashmir Bank Home Loan amount by these steps

    Jammu and Kashmir Bank Home Loan Add Spouse as Co-applicant

    Make your spouse a co-applicant,
    and her income will add
    to your eligibility

    Jammu and Kashmir Bank Home Loan Maximum Tenure

    Choose longer tenure loan up to 30 years

    Jammu and Kashmir Bank Home Loan Add parents as Co-applicant

    Alternatively add your parents


    Documentation needed to apply for an Jammu and Kashmir Bank Home Loan

    • 1. Signed application form with photograph
    • 2. ID and residence proof
    • 3. Processing fee Cheque
    • 4. Latest bank statements
    • 5. Documentation for salaried applicants:
      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
    • 6. Documentation for self-employed applicants:
      • latest income tax returns
      • latest comupation of income


    Jammu and Kashmir Bank Home Loan Interest RatesUpdated on 19 Jun 2019

    Jammu and Kashmir Bank Home Loan Details
    Interest Rate 8.9% to 9.25% (Floating)
    Loan Tenure 30 Years
    Pre-closure Nil
    Processing Fees 0.25% of Loan amount, Maximum of Rs. 10000


    This Srinagar based bank offers financing for a wide range of housing requirements such as house/flat purchasing, renovating and other related activities. It offers loans with customer friendly features at affordable rates.

    Feature & Benefits of Jammu & Kashmir Bank Home Loan

    Pleasing quantum of loan:

    The loan offered is done on the basis of a variety of input factors which includes the “type of property involved and the income. The following points throw further light in this regard.

    • For construction of a house or purchase of a house/flat, the loan offered by J & K bank is up to 72 times the net income/salary of the applicant.
    • State/Central government pensioners can take home a loan of up to 36 times the gross monthly pension subject to the condition that the deductions do not exceed 50% of the pension received.
    • For renovation or repair loans, a maximum loan of Rs.15 lakhs or 36 times of the net monthly income/salary (whichever is higher) is offered by the bank.
    • For land purchase, the loan amount offered will be a maximum of 36 times their monthly net income/salary, up to a maximum of 75% of the land cost.

    Flexible repayment tenure options:

    The bank offers a maximum of 10 years to repay the borrowed loan amount in EMIs (Equated Monthly Installments). This includes the moratorium period of 3 months. The borrower is free to choose a tenure as per their convenience.

    High loan margin:

    For loan amount up to Rs.20 lakhs, the bank offers a funding of up to 85% of the costs involved, implying a burden of less than 15% on the borrower. For loans above Rs.20 lakhs, the margin is up to 20% since the bank offers up to 80% funding.

    For renovation, it offers 100% funding for loans up to Rs.5 lacs, 90% for loan disbursals between Rs.5 to Rs.10 lacs and 85% for loans above 10 lacs.

    Processing Fees:

    J&K bank charges a nominal processing fee billed at the rate of just 0.25% of the loan amount with a cap of Rs.10,000, subject to a minimum of Rs.500. No processing fee is levied in case of takeover of loans from other banks.

    J & K Bank Home loan interest rate:

    The EIR (Effective Interest Rate) is made up of the base rate plus a small percentage, determined on the basis of the borrowed loan amount. The table below provides a breakup. Make sure to call the nearest bank for latest interest rates before applying for a housing loan.

    Home Loan Amount Rate of Interest
    Upto Rs.100 lacs 1 Year MCLR
    Rs.100 to Rs.300 lacs 20 BPS + 1 Year MCLR
    Above Rs.300 lacs 35 BPS + 1 Year MCLR

    Eligibility Criteria for Jammu & Kashmir Home Loan:

    Salaried individuals

    Individuals working in state/central government departments should be a confirmed employee.

    Individual applicants from the private sector should have atleast 3 years in service.

    Self-employed professionals Professionals such as doctors, architects and lawyers should have an experience of atleast 3 years in the current profession.
    Businessmen & Women Individuals falling under this category should be into the business for at least 3 years with previous dealings with the bank.
    Pensioners State/Central government pensioners should be drawing monthly pension via J&K bank. In such cases, the spouse of the applicant should be alive and be eligible for family pension.

    Collateral Requirement:

    The house/plot procured is mortgaged and acts as collateral until full repayment of the loan. In addition, no third party security is required for government employees drawing their salaries through J&K bank. Otherwise, if the employer of the applicant undertakes an agreement to credit monthly salary into J&K bank account, no additional collateral is required.

    Frequently Asked Questions:

    1. Does J&K bank only offer “Fixed” rate on home loans?

      The bank offers both fixed and floating interest rates. Further details in this regard can be obtained from the nearest branch.

    2. Is there a cap on the repayment tenure for renovation loans?

      You can repay in a term of your choice for up to 10 years, the same as standard offering.

    3. Does the bank charge a processing fee for takeover of an existing loan from another bank?

      There is no processing fee involved for such cases.

    4. I would like to buy a plot of land. How much is the maximum loan offered by J&K bank?

      The bank offers to finance up to 75% of the costs involved, capped at 72 times the monthly net income/salary.

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    Jammu and Kashmir Bank Home Loan Reviews

    • Jammu Kashmir Bank Home Loan
      "Best experience"
      0.5 5.0/5 "Blown Away!"
      I have taken a housing loan with Jammu and Kashmir bank, the customer service was very good and they followed up on time. There are no additional charges on preclosure of loan. The loan amount was based on my requirement and the rate of interest was nominal. The tenure period for this loan is 12 years.
      Was this review helpful? 2
      , bangalore
      Reviewed on Apr 30, 2018
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