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JK Bank Laptop Finance Scheme, Eligibility, Charges, Benefits



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»» NATURE OF FACILITY
TERM LOAN.

»» PURPOSE

To provide finance for purchase of Laptop/ PCs / Netbooks / Tablets

»» ELIGIBILITY

Permanent Employees, Contractual employees, Professionals, Self-employed Individuals, Proprietorship concerns, Teachers under Rehaber-a-Taleem J&K Govt., Officials under Rehaber-a Zeerat , J&K Govt., Pensioners drawing their monthly pension through our bank.

Employees of Private Limited Companies, Private Organizations, Reputed Establishments.

Regular students of recognized schools, colleges & universities.

Regular teachers of recognized private schools (must be permanent residents of Union Territories of J&K and Ladakh).

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AGE OF THE APPLICANT

Minimum age: 18 years.

Maximum age at loan maturity: For employees Date of retirement or 60 Years whichever is earlier.

For others: 70 years.

»» QUANTUM OF FINANCE

Maximum of Rs.1,50,000/=.

»» MARGIN

10%.

»» SECURITY

PRIMARY:

NIL for loans up to Rs. 50000/-

– Hypothecation of Laptop/PC/Netbook/ be purchased, if loan amount is above Rs. 50,000.00

COLLATERAL:

— Nil for:

– Government employees drawing salary through our Branches & where letter of confirmation is available.

– Platinum / Gold / Premium plus Current account holders, having maintained satisfactory accounts for at least last 6 months.

– Cash Credit / SOD account holders having a sanctioned limit above Rs 5 lacs and minimum average utilization percentage above 60% from at least 6 months prior to this facility.

– Customers having Fixed Deposit accounts of value more than Rs. 5 Lakh in the Business unit sanctioning the facility. The deposit should be more than 3 months old at the time of disbursement of the loan.

– Third Party Guarantee of one person for all other categories.

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PROCESSING CHARGES

NIL

RATE OF INTEREST (SUBJECT TO CHANGE)

– 3 year MCLR plus 2.50%, fixed.



REPAYMENT

12 to 48 months in equated monthly installments.

No Pre-payment Charges

MORATORIUM PERIOD

Nil.

— For More Details Visit Your Nearest Branch .

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