J&K Grameen Bank offers home loans under various tiers depending on the loan amount and borrower’s credit profile. Also, it is with interest rates structured to align with priority sector norms and non-priority segments. The J&K Grameen Bank home loan interest rate starts at 8.75%. I have shared the latest rates in detail below.
What is the JK Grameen Bank Home Loan Interest Rate?
For priority sector home loans, the competitive interest rate starts from 8.75% p.a., applicable to customers with excellent credit profiles. Depending on borrower credit scores specifically, CIBIL TU score over 800 or CRIF Perform score over 706, the rate may increase slightly, up to 9.10% p.a.
For non-priority sector home loans, the rates slope upward according to loan size:
Loans up to Rs 50 lakh: 9.00% p.a. for top-tier credit, rising to 9.30% p.a. for average scores.
Loans Rs 50 to 75 lakh: 9.15% p.a. (strong credit), up to 9.45% p.a.
Loans above Rs 75 lakh: range between 9.40% and 9.65% p.a., based on credit rating and documentation strength.
I hope you found this information helpful.
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Hi, I am from Jammu and Kashmir, and if you are interested in learning about the J&K Grameen Bank home loan interest rate, then I can be of help to you. I came to know about the interest rate after taking out a loan last year. I called the bank's helpline number for the information, and an executive provided me with all the information. He also told me about the documents that I needed to submit.
What is the JK Grameen Bank Home Loan Interest Rate?
He told me that the home loans of JK Grameen Bank come under different slabs. After that, he talked about each slab. I have all of them in a table below for you to understand easily.
Housing Loan Slab |
Interest Rates (p.a.) |
Housing Loans Qualifying for Priority Sector |
8.75% - 9.10% |
Up to Rs. 50 Lakhs |
9.00% - 9.30% |
Above Rs. 50 Lakhs to Rs. 75 Lakhs |
9.15% - 9.45% |
Above Rs. 75 Lakh |
9.40% - 9.65% |
Top Up Loan |
Rs. 11.50% |
Here are the documents that he had told me to submit.
Application form
ID proof documents
Address proof documents
Income documents
Property documents
And that’s all he had told me about the JK Grameen Bank interest rates. I hope you find this helpful.
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What is J&K Grameen Bank Home Loan Interest Rate?
Manoj
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2024-11-03T08:58:29+00:00 2024-11-03T08:58:30+00:00Comment
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