J and K Bank Abroad Education Loan

✓ Up to 30 lacs to study Abroad

✓ At an interest rate of 9%

✓ Special interest concession for girls 

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The Jammu and Kashmir bank provides attractive education loan schemes for abroad studies which can offer a loan of up to 30 lacs at interest rates ranging from 9 to 14%. The J&K bank education loan is also structured in a way that it promotes education for girls by offering a concession of 0.50% in the interest rates.  Secured and unsecured are the two types among different types of education loans offered by J&K bank.

Jammu and Kashmir Bank Products for Abroad Education Loans

The Jammu and Kashmir bank provides up to 30 lacs of loans for students to study abroad. The other features of the Jammu and Kashmir bank abroad education loan are listed below in the table.



Loan Limit

Up to 30 lacs

An loan amount above 30 lacs can be offered

Expenses covered

Study costs

Admission fee
Examination fee
purchase of books
Tuition fee
Lab/library fee
purchase of computer

Living expenses

hostel fee
Caution fee


Travel expenses 
Health insurance
miscellaneous expenses

Accepted co-applicant

Parents, parents-in-law, siblings, spouse

J&K Bank Education loan interest rate/rate of interest

J&K bank education loan interest rates are

For collateral loans- 9 to11%
For Non-collateral loans- 12-14%
0.5% interest concession for girl students

Moratorium Period

Duration of the course plus 1-year

Repayment Duration

15 years(moratorium period included)

Repayment policies

Optional to pay interest in the moratorium(1% interest commission if the interest is paid in the moratorium period) period

J&K bank loan Eligibility Criteria

Indian citizen
Must have secured admission to a foreign university through entrance test/merit-based selection

Value of Collateral (only if it is collateralized education loan)

Value can be up to 100% loan sanction amount

Accepted Collateral

House, Flat, land and FD

Tip: Interest concessions will only be offered if the interest rate does not fall below RLLR+0.50%. Talk to your financial officer at WeMakeScholars to understand the J&K bank education loan product clearly.

Courses Eligible for an Education Loan

  • For graduation- Courses offered by top universities(technical or professional courses)
  • For post-graduation- MBA, MCA, MS, etc
  • Courses offered by CIMA- London, CPA- USA
  • Aeronautical, pilot training, shipping, etc provided by recognized institutions around the world

Note:- You may also be eligible to pursue a course that is in line with the above-given courses. You can speak to your financial officer at WeMakeScholars for any doubts.

Check the latest Interest rates!

Apply for an education loan from J and K bank today to kickstart your abroad education dream.

Documents required for Jammu and Kashmir bank Education Loan for Abroad Studies

Here’s a list of documents to start the process of your J&K bank education loan.

Section 1: Application form

  • Fill out the application form that your financial officer from WeMakeScholars will provide you with 2 photographs and your signature.

Section 2: Documents required for the applicant and co-applicant

  1. Identity proof
  • PAN Card or
  • Aadhar card
  • Passport

2. Residence proof( 2 different address proofs required if your permanent and current address is different).

  • Aadhaar card
  • Voter ID Card
  • Telephone Bill
  • Electricity Bill
  • Ration card
  • Statement of your bank account

3.  Documents for co-applicant:

  • Salaried: Account statement for the last six months
  • Self-employed: 1-year business transaction

4. Personal Asset & Liability Statement (assessed by the branch professional): Self-attest all the documents

Section 3: Applicant's academic documents

  • 10th, 12th, Degree Education certificates, and mark sheets
  • Admit proof reflecting the total duration of the Course
  • Fee structure (i-20 for US if available)
  • IELTS/GMAT/GRE Scorecard
  • University Ranking

Section 4: Financial co-applicant Income documents

If Salaried

  • Pay slips of the last 3 months
  • Last 2 years form 16
  • ID card of the employer
  • Last 2 years ITR

If Self-employed

  • Last 3 years ITR
  • The balance sheet of last 3 years showing the Profit & Loss account (for self-employed businessman)
  • Address proof of the business

This is the standard document checklist of most banks. However, it may vary from profile to profile and from state to state. You can go through the below list of states and documents according to each state.

Get a customized list of documents required to process your abroad education loan

Jammu and Kashmir Bank Abroad Education Loan Repayment Policies

The moratorium period of the Jammu and Kashmir bank abroad education loan is course duration plus 1 year. The repayment is of 15 years including the moratorium period. 

The students taking an education loan from Jammu and Kashmir bank also have the option to close off the loan before time.

  • Prepayment
  • Choosing a shorter duration to repay the loan amount
  • Loan transfer to another bank

The students are prone to many difficulties in the repayment duration like a sudden increase in ROI. They may find it tough to talk to bank employees about it. In that case, they can ask their financial officer at WeMakeScholars to talk to the lender and get the issue resolved.

Repayment of an Education Loan is easier when you go through WeMakeScholars

Benefits of Jammu and Kashmir Bank Education Loan for Abroad Studies

Here are the benefits of going through the Jammu and Kashmir bank abroad education loan

  • Offers concession of 0.50% interest rate to girls students
  • The interest payment during the moratorium period is optional
  • Do not have loan margin for loans that are below 4 lacs
  • The processing fee is capped to a maximum of ₹5,000.
  • Offers concession of 1% to students who are paying the interest in the moratorium period
  • Promotes education in top institutes like the IIMs, IITs, or ISB by offering a concession of 0.50% interest rate

Despite the benefits of the Jammu and Kashmir bank, you wouldn’t want to go directly through the bank, as it will prolong your education loan process. Hence, you can prefer WeMakeScholars. We at WeMakeScholars provide hassle-free education loan processes from both public and private lenders.

How to apply for a Jammu and Kashmir Bank Abroad Education Loan?

Here’s a step-by-step guide to applying for a J&K bank abroad education loan.

  • Request a callback or fill out the common application form from the WeMakeScholars portal
  • A financial officer from WeMakeScholars will get back to you and check your J&K bank loan eligibility
  • He/she will then connect you to the eligible lenders and will also send you a document checklist on which documents to submit to the bank.
  • You can visit the bank with the set of documents asked by your financial officer
  • Your education loan process will then be taken forward by your bank employee
  • You can also talk to your financial officer, in case you have a doubt regarding any step in the process
  • Once you are done with all the processes, you will receive your sanction letter

Here are the disadvantages of going directly through the bank

  • Incomplete education loan information
  • Won’t get the accurate list of required documents on the first visit
  • A lot of hidden information
  • The process will take longer than usual
  • Very fewer chances of getting the loan sanctioned

Go through WeMakeScholars to avoid all the hassles that you face when you go directly through banks!

Get started with the process of your Education Loan through WeMakeScholars today!

Why go through WeMakeScholars?

WeMakeScholars is an organization that comes under the Digital India campaign and is supported by the Ministry of IT, govt of India. We at WeMakeScholars connect students to the best lenders after checking their eligibility. We are partnered with 14 plus banks(Pvt/public) and hence offer great options for an education loan along with information on different types of tax benefits on education loans. We provide the following benefits FREE of any charge.

  1. Better interest rates: When you go through WeMakeScholars you have better interest rates from the banks as we are their largest partner. You will have a difference of 0.5% to 2% interest rate.
  2. Faster processing time: We at WeMakeScholars have maintained an average time of 21 working days for loans from public banks and 7 working days for private banks. We take 50% less time than the banks in processing your education loans.
  3. End-to-end support: We at WeMakeScholars provide you support until you repay the loan.
  4. Cashback: As a goodwill gesture, we provide students with a cashback of ₹3000 when they go through us.
  5. Digital process: We believe in digitalizing the education loan process to increase its pace and also for a hassle-free process, and hence our whole process is completed online.

Do not miss out on the above benefits. Request a callback to get started with your hassle-free abroad education loan from WeMakeScholars today!

Choose an education Loan that is faster and have all the above benefits