Compare Jammu And Kashmir Bank Home Loan Interest Rate with Top Banks
| Particulars | Jammu And Kashmir Bank | SBI |
|---|---|---|
| Interest Rate | 7.20% – 7.60% | 6.65% – 7.05% |
| Processing Fees | Upto 0.25% Min ₹ 500 Max ₹ 10,000 | NIL |
| Loan Tenure | 15 Years | 30 Years |
| Maximum Loan Amount | ₹ 5 Cr | ₹ 7 Cr |
Furthermore, how can I check my loan status in JK Bank?
Jammu and Kashmir Bank Personal Loan Status Check: Offline
A person can check the loan status by calling the numbers 1800 1800 234 for any financial queries including Personal Loan. You can also directly go to the branch you apply at to meet the officer in charge to know the status of your personal loan application.
Moreover, how is RLLR calculated?
RLLR is an external benchmark, wherein, the RBI’s repo rate is used by commercial banks to calculate the retail loan interest rate. In case the repo rate of 5.75% is reduced by 35 basis points to settle at 5.40%, the RLLR of all banks having repo rate as the external benchmark will reduce by 35 basis points.
Is J&K bank Govt or private?
Jammu and Kashmir Bank (J&K Bank) is a Scheduled Commercial Bank and one of the oldest private sector Bank in India, incorporated in 1938. Bank is listed on the NSE and the BSE and has its Corporate Headquarters at Srinagar.
What is a consumption loan?
Personal Consumption Loan is a loan granted to natural persons for the purpose of personal consumption. … XIB will not grant loans without designated purpose of use. The personal consumption loan can be used for reasonable purpose such as buying durable consumer goods at high price, house decoration and travelling, etc.
What is AMB charges in J&K bank?
Average Monthly Balance (AMB)
AMB Non-Maintenance Charges Per Month : Rs. 10.00 per Rs. 1000.00 or part thereof of the shortfall in AMB plus applicable GST.
What is EMI full form?
An equated monthly instalment (EMI) is a set monthly payment provided by a borrower to a creditor on a set day, each month. EMIs apply to both interest and principal each month, and the loan is paid off in full over some years.
What is small account?
In terms of Rule 2 clause (fb) of the Notification ‘small account’ means a savings account in a banking company where – (i) the aggregate of all credits in a financial year does not exceed rupees one lakh; (ii) the aggregate of all withdrawals and transfers in a month does not exceed rupees ten thousand; and.
What is the interest rate on loan in J&K Bank?
| Consumer Loan | |
|---|---|
| Interest Rate | 11.75% onwards for salaried employees of State and Central Government, and 12.50% onwards for others |
| Loan Amount | Up to Rs.75,000, subject to 12 times net monthly income |
| Processing Fees | Nil |
| Tenure | 60 months |
What is the minimum balance in JK Bank?
Jammu & Kashmir Bank Minimum Balance Requirements
| Type of Account | Minimum Average Quarterly Balance Required |
|---|---|
| General Savings Account | Rs.2,000 (account with cheque book) & Rs.1,000 (account without cheque book) |
| General Small Account | Rs.50 |
| Student Savings Bank Account | Nil |
| Basic Savings Bank Account | Nil |