J&K Bank Laptop Finance Scheme Check Eligibility

• TERM LOAN.

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

• 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).

• Minimum age: 18 years.
• Maximum age at loan maturity: For employees Date of retirement or 60 Years whichever is earlier.
• For others: 70 years.

• Maximum of Rs.1,50,000/=.

• 10%.

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.

• NIL

• 3 year MCLR plus 2.50%, fixed.
• Click here for rate of Interest

• 12 to 48 months in equated monthly installments.
• No Pre-payment Charges

• Nil