Kashmir Student Updates
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JK Bank Karobar Card Loan Scheme Check Eligibility, Rate Of Interest

JK Bank Karobar Card Loan Scheme Check Eligibility, Rate Of Interest

To increase the flow of credit to individuals for entrepreneurial activity in the non-farm sector.

Both working capital and term loan.

  • Individuals engaged in the entrepreneurial activity in the non-farm sector, , which is eligible for classification under the priority sector guidelines
  •  Loan facility under General Credit Card (GCC) should, however, not be extended to ACC, WCC borrowers.
  • The borrowers should not have been loan defaulter at any bank/ branch.

 

Maximum of  1.00 lacs.

Maximum: 60 months including maximum moratorium period of 03 months.

Micro Enterprise.

Upto 50,000: No margin is required for loans.

Above  50,000 and upto 1.00 lac: 10%.

For working capital: 20%.

PRIMARY: Hypothecation of all the assets financed.

COLLATERAL: Nil.

 

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