Jammu & Kashmir Bank Two Wheeler Loan

The procedure to apply for a bike loan offered by Jammu and Kashmir Bank is mentioned below:  

1. Visit Jammu and Kashmir official website.  
2. Enter your name, email ID, mobile number, address, state, branch, product, and the captcha code.  
3. Click on ‘Submit’.  

1. A Jammu and Kashmir Bank executive will contact you to process the request. 

Jammu and Kashmir Bank Two-Wheeler Loan Eligibility

The eligibility criteria that must be met in order to avail a bike loan from Jammu and Kashmir Bank are mentioned below:

1. Individuals must be between the ages of 18 years and 65 years. However, in case the engine capacity of the vehicle is less than 55 cc, the minimum age is 16 years.
2. Housewives between the ages of 18 years and above can apply for the loan. However, the spouse must be the co-borrower.
3. Students can apply for the bike loan with a parent as the co-borrower.
4. Family pensioners and pensioners who withdraw the pension from the bank.
5. Employees, businessmen, and self-employed individuals.
6. Employees who work at reputed establishments, private companies, public sector undertakings, autonomous bodies, and government/semi-government undertakings.

Documents Required

The list of documents that must be submitted are mentioned below:

Salaried Employees

1. Application form
2. Passport-size photographs
3. Proof of identity
4. Proof of address
5. Bank statement (last 6 months)
6. A quotation that has been provided by a recognised dealer
7. Salary slips

Self-Employed Individuals

1. Application form
2. Passport-size photographs
3. Proof of identity
4. Proof of address
5. Bank statement (last 6 months)
6. A quotation that has been provided by a recognised dealer
7. Trade license, financial statements, and statement of accounts

Any other documents that have been requested by Jammu and Kashmir Bank must be provided as well.

Jammu and Kashmir Bank Two-Wheeler Loan EMI Calculator

If you want to buy the bike with a loan, you may use the BankBazaar two-wheeler loan EMI calculator to figure out your monthly payments.

The required monthly payment will be shown after the bare minimum information is given. Comparing the calculator to hand computations, the calculator is quicker and easier to use. 

Features and Benefits

The main features and benefits of the two-wheeler loan offered by Jammu and Kashmir Bank are mentioned below:

1. Loans are provided for the purchase of new battery-operated scooters, mopeds, motorcycles, and scooters.
2. Your net annual income must be at least Rs.75,000.
3. The repayment tenure is up to 60 months.
4. No prepayment charges are levied.
5. 1% of the loan amount will be charged as the processing fee. However, the minimum and maximum amount that can be levied are Rs.500 and Rs.2,000, respectively.
6. The minimum and maximum loan amount that will be provided are Rs.25,000 and Rs.2,50,000.
7. Individuals between the ages of 16 years and 65 years can avail the loan.

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