Kashmir Student Updates
Educational website of J&K

J&K Bank Two-Wheeler Finance Scheme, Check Eligibility and Rate of interest

  • For purchases of fresh Two wheelers i.e. Scooters, Scooties, Motor Cycles, Mopeds, Battery-Operated Scooters etc of any make and model.
  • Employees of Government/Semi-Government Undertakings, Autonomous bodies, Public Sector Undertakings, Private Companies or Reputed Establishments.
  • Professionals or Self-employed individuals / Businessmen / Employees on contractual basis (Rehbare-I-Talim, Rehbare-I-Zerat)
  • Pensioners , Family Pensioners drawing their pensions from our Bank.
  • Persons engaged in Agricultural and allied activities.
  • Students with a parent (Mother or father or both) as Co-borrower. Income of both the father and mother can be considered for arriving at quantum of finance and repaying capacity.
  • Housewives aged 18 years & above, with spouse as Co-borrower. Income of the spouse shall be considered for finance.
  • Minimum employment
    • (Applicant/Co-borrower): The applicant must have been in current employment for a period not less than 6 months or must have a business standing of at least 1 years.
      • Employees on contractual basis in Government / Semi-Government undertakings, Autonomous bodies & public Sector undertakings shall also be eligible, if they have been in current contractual job for a period not less than 1 year and the remaining contract period is longer than the chosen repayment period.




  • Minimum age of applicant/co-borrower: 18 years
    • (16 years for purchase of scooter having engine capacity below 55CC).
  • Maximum age of applicant at loan maturity: 65 years.
  • Minimum Net Annual Income :  Rs. 75,000/- .
  • Minimum: Rs.25,000/-
  • Maximum: Rs.2,50,000/-
  • 10% of the ex-showroom price for Two wheelers with ex-showroom price up to Rs.1,00,000/-.
  • 20% of the ex-showroom price for Two wheelers having ex-showroom price above Rs.1,00,000/-.
  • Maximum period of 60 months.
  • Primary
    • Hypothecation of Two – Wheeler to be purchased.
  • Collateral
    a) No third party guarantee required in respect of permanent employees of State / Central Government, State / Central Government Undertakings & Autonomous Bodies drawing salary through our Bank and where letter of undertaking from employer is available.
    b) Guarantee of one person for all others.
  • 1% of Loan amount to be paid upfront subject to a
    • Minimum of Rs. 500/- and
    • Maximum of Rs-2000/
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