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Jammu and Kashmir Bank Home Loans Rates

Nowadays, finding out a truly affordable home loan product is not an easy task. However, you can make the task simple by comparing the loan products offered by various banks and financial institutions. The home loan rates provided by Jammu and Kashmir Bank are one of the most competitive rates in India. Knowing Jammu and Kashmir Bank home loans rates can help you make a knowledgeable decision.

About Jammu and Kashmir Bank home loans rates

Jammu and Kashmir Bank home loans rates are attractive and reasonable to suit the budget of the borrowers. The housing finance products of J&K Bank have plenty to offer borrowers who are dreaming about owning a home. The table given below will give you a clear understanding of the home loans rates:

Housing Loans

Loan Repayment Terms Fixed Rate of Interest (% per annum) for loans Floating Rate of Interest (% per annum) for loans
  Up to Rs.20.00 lacs Over Rs.20.00 lacs Up to Rs.20.00 lacs Over Rs.20.00 lacs
Repayment up to 5 years. 10.25 11.00 PLR-3.25 PLR-2.50
Over 5 years and up to 10 years 11.00 11.75 PLR-2.75 PLR-2.00
Over 10 years and up to 15 years - - PLR-2.00 PLR-1.25
Over 15 years and up to 20 years - - PLR-1.25 PLR-0.50


Security for housing loans offered by Jammu and Kashmir Bank



  • Mortgage of the property/home to be constructed/purchased.
  • Negative lien on the property to be refurbished/upgraded without mortgaging the property to the bank.
  • Third party guarantee of one individual or transfer of Life Insurance Policies, assurance of government securities and others.

Repayment of Jammu and Kashmir Bank home loans

  • The maximum repayment term for construction of new home is 20 years which includes a moratorium period of 9 months. (Only applicable to new loans and disbursements). Loan can be repaid by way of equal monthly installments (EMIs).
  • The maximum repayment term for extension/renovation is 7 years which includes a moratorium period of 2 months and the loan can be paid off in equal monthly installments (EMI).

Margin for Jammu and Kashmir Bank home loans

  • In case of purchase of readymade house/flat or construction of home/flat, the margin for home loans offered by Jammu and Kashmir Bank is 15% of the loan amount
  • In case of purchase of plot or renovation of house, the margin for home loans offered by Jammu and Kashmir Bank is 20% of the loan amount.

Processing charges on Jammu and Kashmir Bank home loans

The processing charges payable on a home loan taken out from Jammu and Kashmir Bank is 0.25% of loan amount.

Interest rates charged on home loan products offered by J&K Bank are subject to change from time to time. The bank preserves the right to change it as per its sole discretion.



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