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Loan Rates

Revised Interest Rate Structure

                                                                           Interest Rate Structure for FRESH/EXISTING Loans & Advances for General Public w.e.f. 01.05.2025       
   
SNo.                                                         Activity Revised Interest Rate 
   
1 Agriculture/Horticulture Short Term Crop Loan (including under KCC for Crops)
  a) Upto Rs. 3.00 lakh 7.00
  b) Above Rs. 3.00 lakh to Rs.5.00 lakh 10.45
  c) Above Rs. 5.00 lakh to Rs. 20.00 lakh 10.95
  d) Above Rs. 20.00 lakh 11.35
     
2  Agriculture including allied activities Short Term Loan (under KCC for Animal Husbandry & Fisheries)  
  a) Upto Rs. 2.00 lakh 7.00
  b) Above Rs. 2.00 lakh to Rs.5.00 lakh 10.45
  c) Above Rs. 5.00 lakh to Rs. 20.00 lakh 10.95
  d) Above Rs. 20.00 lakh 11.35
 
3  Term Loans for Agriculture/ Horticulture & Allied Activities
(including Poultry Venture Scheme, Pump sets, Financing to Fishery Sector, ACABC & Agri-Marketing Infrastructure)
  a) Up to and inclusive of Rs.2.00 lakh 9.95
  b) Above Rs.2.00 lakh to Rs. 5.00 lakh 10.45
  c) Above Rs. 5.00 lakh to Rs. 20.00 lakh 10.95
  d) Above Rs. 20.00 lakh 11.35
 
4 Farm Mechanization Scheme
  a) Loans up to Rs. 2.00 lakh 9.95
  b) Above Rs.2.00 lakh to Rs. 5.00 lakh 10.35
  c) Above Rs. 5.00 lakh to Rs. 20.00 lakh 10.75
 
5 Financing Solar Water Pumping Systems & Solar Equipment Finance Scheme for Individuals 12.20
 
6 General Credit Card (Revised Scheme) 12.25
 
7  Self Help Groups (SHGs)   
  Self Help Groups (SHGs) (Direct/Sponsored)*
  a) Loans upto Rs. 3.00 lakh 11.85
  b) Above Rs.3.00 lakh 11.95
* Scheme specific ROI as approved by NABARD/GOI shall prevail. At present ROI for WSHGs under NRLM Scheme upto Rs.5.00 lakh is 7.00%.
 
8 PM VISHWAKARMA 13.00*
  *Interest chargeable to the borrower is 5% per annum fixed and intt subvention available from GOI is 8% per annum.  
9 Trade (Retail & Wholesale) including Giri Finance Scheme
  a) Up to and inclusive of Rs.10.00 lakh 12.85
  b) Above Rs.10.00 lakh to less than Rs. 30.00 lakh 12.25*
    12.55(Others)
  c) Rs.30.00 lakh to less than Rs. 100.00 lakh 12.20*
    12.45 (Others)
   d) Rs. 100.00 lakh & above 11.70 (For CMR 1-7 and CRIF Perform Commercial Score>=654)
12.05 (For others)
(* For CIBIL MSME Rank 1-7 and/ or CRIF Perform Commercial Score >=654 OR for customers having CIBIL Tu Score >= 725 and/or CRIF Perform Consumer Score >= 631 )
     
10 JKGB Easy Finance to Small Businessmen 12.65
 
11  Artisan Credit Card (ACC)/ JKGB Weaver MUDRA Scheme/ JKGB Handicraft Artisan MUDRA Scheme/ Loans under Wazwan Scheme/ Credit Card Scheme for Weavers & Artisans 12.20
 
12 J&K Rural Employment Generation Programme (JKREGP) Scheme 11.70
 
13 Micro & Small Enterprises (Manufacturing)(Rural Artisans, SSI & Village Industries)
  a) Up to and inclusive of Rs.10.00 lakh 12.85
  b) Above Rs.10.00 lakh to less than Rs.30.00 lakh 12.25*
    12.55(Others)
  c) Rs.30.00 lakh to less than Rs.100.00 lakh 12.20*
    12.45 (Others)
  d) Rs.100.00 lakh & above 11.70 (For CMR 1-7 and CRIF Perform Commercial Score>=654)
    12.05 (For Others)
(* For CIBIL MSME Rank 1-7 and/ or CRIF Perform Commercial Score >=654 OR for customers having CIBIL Tu Score >= 725 and/or CRIF Perform Consumer Score >= 631 )
Note: The existing PMEGP loan/CCL accounts of EDB shall carry 11.30% ROI whereas the newly opened PMEGP loan/CCL accounts  shall carry the new ROI of Jammu and Kasmir Grameen Bank.
     
14 Other Micro & Small Services Sector
  a) Up to and inclusive of Rs.10.00 lakh 12.85
  b) Above Rs.10.00 lakh to less than Rs.30.00 lakh 12.25* 
    12.55 (Others)
  c) Rs.30.00 lakh to less than Rs.100.00 lakh 12.20*
    12.45(Others)
  d) Rs.100.00 lakh & above 11.70 (For CMR 1-7 and CRIF Perform Commercial Score>=654)
    12.05 (For Others)
(* For CIBIL MSME Rank 1-7 and/ or CRIF Perform Commercial Score >=654 OR for customers having CIBIL Tu Score >= 725 and/or CRIF Perform Consumer Score >= 631 ).
     
15 Arogya Plus - Scheme for Financing Doctors/ Medical Practitioners
  a) Upto & inclusive of Rs.20.00 lakh 11.45
  b) Above Rs.20.00 lakh 11.50
 
16 Purchase of Generator set for Traders/ Businessmen 11.95
 
17 Loans for Stone Crushers & Brick Kilns
  a) Up to Rs. 20.00 lakh 13.20
  b) Above Rs. 20.00 lakh to Rs. 50.00 lakh
  c) Above Rs. 50.00 lakh to Rs. 100.00 lakh
 
18 A) Commercial Vehicle Finance Scheme  
  Fixed Interest Rate 10.20
  Floating Interest Rate 11.20

B) E-Rickshaw Scheme As per the prevailing interest rate structure for Commercial Vehicles.
  C) Under Mumkin Scheme 11.20
 
19 2nd Hand Transport Vehicle
  a) Loans for repayment period up to 4 yrs 13.45
  b) Loans for period exceeding 4 yrs 13.95
 
20 Loans under Equipment Finance for Infrastructure Purpose
  Fixed Interest Rate 10.20
  Floating Interest Rate 11.20
   
21 Education Loans (Primary & Higher Education)
  a) Up to Rs. 5.00 lakh 10.70
  b) Above Rs. 5.00 lakh and up to Rs.10.00 lakh 10.95
  c) Above Rs.10.00 lakh & up to Rs.20.00 lakh 11.45
  d) Above Rs20.00 lakhs 11.95
(Concession o 0.35% in applicable interest rate for girl students) 
(Concession of 0.25% in applicable interest rate for meritorious students (except girl students) having scored more than 85% in the last exam qualified(12th or Graduation/ Post Graduation)
     
22 Housing Loans
  a) Housing Loans qualifying for Priority Sector Classification 8.25**
8.45*
8.60
  b) Up to Rs. 50.00 lakh (Non priority) 8.50**
8.70*
8.80
  c) Above Rs. 50.00 lakh to Rs. 75.00 Lakh 8.65**
8.85*
8.95
  d) Above Rs. 75 Lakh 8.90**
    9.15
  e) Top Up loan 11.00
(** For customers having CIBIL Tu & Personal Score > 800 and/or CRIF Perform Consumer Score > 706)
(* For customers having CIBIL Tu & Personal Score > 750 and/or CRIF Perform Consumer Score > 651)
     
23 Car Loans
i) Fixed Rate
  a) For Individuals 9.40
  b) For Companies & Firms 9.40
ii) Floating Rate
  a) For Individuals 9.70
  b) For Companies & Firms 9.70
 
24 Car Loans ( 2nd Hand Cars)
  a) For period upto 04 years 12.70
  b) For period exceeding 04 years 13.70
  *Concession of 0.50% in the prevailing interest rate shall be applicable to individual borrowers with CIBIL Credit Vision Score & Personal Score of greater than 750.
*Concession of 0.25% in the prevailing interest rate shall be applicable to individual borrowers with CIBIL Credit Vision Score & Personal Score of 700 to 750.
*Concession of 0.25% in the prevailing interest rate shall be allowed to our existing housing loan customers (with sanction amount above Rs.5.00 lakh and minimum standing of at least 3 years) who maintain a good track record of repayment without any overdue.  
   *Concession of 0.35% in the prevailing interest rate shall be allowed to gazetted government employees of higher ranks like IAS, KAS, Doctors, Magistrate, etc whose monthly gross salary is Rs.1.00 lakh or above.
*In case a customer falls under more than one concession parameters mentioned above and/or any interest concession circulated as a part of festival bonanza/ any other campaign, only one interest concession shall be passed on to the customer.  
25 Financing Farmers for purchase of Vehicles  
(i) For brand new vehicle  
  a) Upto Rs3.00 Lakh

Under Fixed Interest Rate Structure-  For customers having CIBIL Tu Score ≥725 and/or CRIF Perform Consumer Score≥631: 8.90% p.a with monthly rests. (Interest Table Code: V890)

For customers having CIBIL Tu Score ≥700 and/or CRIF Perform Consumer Score≥611: 9.20% p.a with monthlyrests. (Interest Table Code: V920)For others: 9.50% p.a with monthly rests. (Interest Table Code: V950)
  b) Above Rs 3.00Lakh & upto Rs 5.00 Lakh
  c) Above Rs 5.00Lakh & upto Rs10.00 Lakh
   

Under Floating Interest Rate Structure-  For customers having CIBIL Tu Score ≥725 and/or CRIF Perform Consumer Score≥631: 9.45% p.a or such other rate of interest as prescribed by the Bank from time to time with monthly rests. (Interest Table Code: FVEH1).

For customers having CIBIL Tu Score ≥700 and/or CRIF Perform Consumer Score≥611: 9.70% p.a or such other rate of interest as prescribed by the Bank from time to time with monthly rests. (Interest Table Code: FVEH1)  For others: 10.00% p.a or such other rate of interest as prescribed by the Bank from time to time with monthly rests. (Interest Table Code: FVEH1)
(ii) For 2nd hand vehicle  
  a) For  period upto 04 years 13.10
  b) For period exceeding 04 years 13.60
     
26 Personal Loans
  a)  Public 14.25
  b) Pensioners 13.00
 
27 Consumption Loan for Professional and Businessmen 14.50
   
28 Loans for Purchase of Consumer Durable Goods
  a) For Salaried Persons (State/ Central Govt.) 12.70
  b) Others 13.30
 
29 Financing of Two Wheelers to Farmers* 10.90
 *Concession of 0.25% in interest rate will be allowed, if atleast 50% of the loan amount is secured by Bank’s own deposit/ NSC/ KVP/ Surrender Value of Life Insurance Policy.
 
30 Two Wheeler Loans
  a) For period upto 3 years 11.50
  b) For period exceeding 3 years & upto 5 years 11.60
(Concession of 0.50% in applicable interest rate for girl students/ working ladies for purchase of scooties only)
 
31 Festival Advance 12.80
 
 
32 Mortgage Loans 12.05
 
33 Asset Backed Loan Scheme 10.95*
    11.40(For Others)
  *For CIBIL MSME Rank 1 to 7 and/or CRIF Commercial Score >=654 AND CIBIL Consumer Score of the Proprietor/Partners/Directors >=725 and/or CRIF Consumer Score >=631  
34 Micro Credit Schemes (including Micro Credit Scheme for Fruit & Vegetable Shop on Rehri) 10.60
 
35 Mortgage Loan for Trade & Services (SUGAM Scheme)
  a) Loan upto Rs. 20.00 lakh 10.95
  b) Loan above Rs.20.00 lakh to less than 100.00 lakh 11.25
  c) 100.00 Lakh and above 10.70(For CMR 1-7  and CRIF Perform Commercial Score>=654)
 
11.15 (For Others)
     
36 JKGB Contractors Finance Scheme
  a) Up to Rs. 2.00 lakh 11.25
  b) Above Rs. 2.00 lakh to Rs. 20.00 lakh 11.75
  c) Above Rs. 20.00 lakh to Rs. 100.00 lakh 11.80  
     
37 Loans under Real Estate/Future Rent Receivable Scheme
  a) Up to Rs. 15.00 lakh 12.05
  b) Above Rs.15.00 lakh 12.35
 
 
38 Advances to Landlord for Construction of Premises for Bank use 13.85
 
39 Passenger Buses for Private Educational Institution
  a) Repayment up to 7 years 10.80
  b) Repayment period exceeding 7 years 11.10
 
 
40 Loan Against NSC/KVP/LIC 13.20
 
41 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. 1.00% 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
 
42 Clean Overdraft/Temporary Overdraft 17.50
 
43 PMFME Scheme  
  a) upto Rs 10 Lakh 9.00
  b) above Rs 10 lakh & upto Rs 20 lakh 9.00
  c) Above Rs 20 Lakh & upto Rs 200 lakh 9.00
  d) Above Rs 200 lakh 11.85
     
44 Adhoc facility over and above sanctioned limits 2.50% over and above the rate applicable on regular working capital limit
 
45 OD under PMJDY 9.65
     
46 Guaranteed EmergencyCredit Line 9.25
     
47 REVERSE MORTGAGE  8.80
     
48 CONV CC TL TERMIL 2016/ CONVERTED TL 11.00
     
49 HD PLANTATION  10.20
     
50 LOAN AGAINST GOLD-AGRI 9.00
     
51 HOME LPG 12.55
     
52 LOAN AGAINST GOLD-NONAGRI 9.80
     
53 PM SURYA GHAR

                                                Up to 3KW

7.00% p.a. or such other rate of interest as prescribed by the Bank from time to time with monthly rests.

                                        Above 3KW to 10KW

10.00% p.a. or such other rate of interest as prescribed by the Bank from time to time with monthly rests.
     
54 EXPRESS CREDIT 10.30
     
55 PM Street Vendor’s Atma Nirbhar Nidhi (PM SVANidhi) 9.95
     
56 INSTANT CASH CREDIT 10.80

Important Notes:

  • 1. Revised rates of interest shall be applicable to all new as well as existing loans and advances including Cash Credit Limits w.e.f. 01.05.2025.
  • 2. Default/Penal Charges as stipulated by the bank from time to time shall apply.
  • 3. Interest rate on loans and advances has to be applied after taking into account the total amount of all existing loans and fresh loans to be sanctioned in particular loan activity i.e. per party exposure of individual loan activity.
  • 4. A Concession of 0.25% on the applicable Interest Rates shall be customarily passed on to each such borrower who brings in margin of more than or equl to 50% of the unit cost across all Vehicle Loan segments (Public/Farmers) only.
  • 5. Interest rates on all activities , other than mentioned above, shall remain unchanged.
  • 6. All recalled assets of EDB shall carry zero rate of interest till CBS migration of transferor RRB'S(JKGB and EDB).