J&K Grameen Bank  Head Office Narwal Jammu

 

 

 

 

 

Applicable Interest Rate Structure for FRESH Loans & Advances for General Public w.e.f. 02.01.2017

 

 

 

 

 

Particulars

Interest Rates (%) 

 

 

 

1

Agriculture/Horticulture Short term Crop Loan (including under KCC) Only

 

 

a) Upto Rs. 3.00 lac

7.00

 

b) Above Rs. 3.00 lac to Rs.5.00 lacs

11.00

 

c) Above Rs. 5.00 lacs to Rs. 20.00 lacs

11.50

 

d) Above Rs. 20.00 lacs

12.00

 

 

 

2

Term Loans for Agriculture/ Horticulture & Allied Activities (including pump sets)

 

 

a) Up to and inclusive of Rs.2.00 lacs

10.00

 

b) Above Rs.2.00 lacs to Rs. 5.00 lacs

10.40

 

c) Above Rs. 5.00 lacs to Rs. 20.00 lacs

11.00

 

d) Above Rs. 20.00 lacs

11.75

 

e) Under Area Development Schemes-Dairy/Apple

10.40

 

 

 

3

Tractor Loans (including tillers etc.)

 

 

a) Loans up to Rs. 2.00 lac

10.00

 

b) Above Rs.2.00 lacs to Rs. 5.00 lacs

10.50

 

c) Above Rs. 5.00 lacs to Rs. 20.00 lacs

10.90

 

 

 

4

Financing Solar Water Pumping Systems

10.50

 

 

 

5

General Credit Card

11.50

 

 

 

6

Self Help Groups (SHGs) Revolving Fund                                

11.50

 

( Loans under SHGs/JLGs for investment purposes as per rate of interest applicable to particular activity)

 

 

 

 

7

Trade (Retail & Wholesale) including Giri Finance Scheme

 

 

a) Up to and inclusive of Rs.2.00 lacs

12.25

 

b) Above Rs.2.00 lacs to Rs 5.00 lacs

12.90

 

c) Above Rs.5.00 lacs 

13.25

 

 

 

8

J&K Grameen Bank Easy Finance to Small Businessmen

12.25

 

 

 

9

Artisan Credit Card (ACC)

11.50

 

 

 

10

J&K Grameen Bank Weaver MUDRA Scheme

11.50

 

 

 

11

Loans under Wazwan Scheme

12.00

 

 

 

12

Micro & Small Enterprises (Manufacturing)(Rural Artisans, SSI & village Industries)

 

 

a) Up to and inclusive of Rs.2.00 lacs

12.50

 

b) Above Rs.2.00 lacs to Rs 10.00 lacs

 

c) Above Rs.10.00 lacs

 

 

 

13

Loans for Stone Crushers & Brick Kilns

 

 

a) Up to Rs. 20.00 lacs

13.00

 

b) Above Rs. 20.00 lacs to Rs. 50.00 lacs

12.75

 

c) Above Rs. 50.00 lacs to Rs. 100.00 lacs

12.50

 

 

 

14

Transport Operators

 

 

a) Up to and inclusive of Rs.2.00 lacs

13.00

 

b) Above Rs.2.00 lacs and up to Rs.10.00 lacs

13.00

 

c) Above Rs. 10.00 lacs

13.50

 

 

 

15

2nd Hand Transport Vehicle

 

 

a) Loans for repayment period up to 4 yrs

14.75

 

b) Loans for period exceeding 4 yrs

15.00

 

 

 

16

Loans under Machine Finance for infrastructure purposes

 

 

a) Up to Rs. 10.00 lacs

12.75

 

b) Above Rs. 10.00 lacs

13.50

 

 

 

17

Other Micro & Small Services Sector

 

 

a) Up to and inclusive of Rs.2.00 lacs

12.50

 

c) Above Rs.2.00 lacs to Rs. 10.00 lacs

 

d) Above Rs.10.00 lacs 

 

 

 

18

Education loans (primary & higher Education)

 

 

a) Up to Rs. 5.00 lacs

10.50

 

b) Above Rs. 5.00 lacs and up to Rs.10.00 lacs

11.00

 

c) Above Rs.10.00 lacs & up to Rs.20.00 lacs

11.50

 

(Concession of 0.50% in interest rates under Education Loans for girl students)

 

 

 

 

19

Housing loans ( Including PMAY) w.e.f 01.03.2017

 

 

a) Up to Rs. 30.00 lacs

8.70

 

b) Above Rs. 30.00 lacs

9.50

 

 

 

20

Car Loans  (w.e.f 01.03.2017)

 

 

a) For individuals

9.50

 

b) For Companies & Firms

9.50

 

 

 

21

Car Loans ( 2nd Hand Cars)

 

 

a) for a period upto 04 years

12.75

 

b) for a period exceeding 04 years

13.50

 

 

 

22

Personal Loans for public and pensioners

14.50

 

 

 

23

Consumer loans

15.00

 

 

 

24

Loans for purchase of Solar Home Lighting Systems

11.50

 

 

 

25

Loans for purchase of Solar Water Heating Systems

14.00

 

 

 

26

Consumption loan for Professional and Businessmen

15.50

 

 

 

27

Financing of Two Wheelers to Farmers

12.00

 

 

 

28

Two Wheeler Loans

 

 

a) For period upto 3 years

12.50

 

b) For period exceeding 3 years

13.50

 

(Concession of 0.50% in applicable rate for girl students/ working ladies for purchase of scooties only)

 

 

 

 

29

Festival Advance

13.35

 

 

 

30

Mortgage Loans

 

 

a) Upto Rs. 2.00 lacs

13.25

 

b) Above Rs. 2.00 lacs to Rs. 20.00 lacs

13.75

 

c) Above Rs. 20.00 lacs

14.25

 

 

 

31

Micro Credit Schemes

11.25

 

 

 

32

Mortgage Loan for Trade & Services

 

 

a) Up to Rs. 2.00 lacs

13.00

 

b) Above Rs. 2.00 lacs to Rs. 20.00 lacs

13.50

 

c) Above Rs. 20.00 lacs to Rs. 200.00 lacs

14.50

 

 

 

33

JKGB Contractors finance scheme

 

 

a) Up to Rs. 2.00 lacs

12.00

 

b) Above Rs. 2.00 lacs to Rs. 20.00 lacs

13.00

 

c) Above Rs. 20.00 lacs to Rs. 100.00 lacs

13.50

 

 

 

34

Loans under Commercial Real Estate/  Future Rent Receivable

 

 

a) Up to Rs. 15.00 lacs

14.25

 

b) Above Rs.15.00 lacs

15.00

 

 

 

35

Advances to landlord for construction of premises for Bank use

 

 

a) Up to Rs.2.00 lacs

14.50

 

b) Above Rs.2.00 lacs

 

 

 

36

Passenger Buses for Private Educational Institution

 

 

a) Repayment up to 7 years

13.75

 

b) Repayment period exceeding  7 years

14.00

 

 

 

37

Loan Against NSC/KVP/LIC

14.00

 

 

 

38

Loans & Advances (SOD/DL) against Bank's own Deposits

 

 

a) Loan/Advance  is granted against term deposits and the deposits stand in the name of the borrower singly or jointly or in the name of the concern and the advance is granted to the said concern or in the partners of the partnership concern and the advance is granted to the said concern or in the name of a ward whose guardian is competent to borrow on behalf of the ward and where the advance is made to the guardian of the ward in such capacity.

1.50% over deposit rate

 

b) Loan/ Advance is granted against bank's own deposits in the name of 3rd party/parties.

2% above the deposit rate

 

 

 

39

Clean Overdraft/Temporary Overdraft

18.00

 

 

 

40

Adhoc facility over and above sanctioned limits

Adhoc working capital facility allowed for a period upto 60 days- 2% over and above the rate aplicable on regular working capital limit

 

 

 

 

 

 

 

 

 

 

 Note : Terms and Conditions Apply