Get your home loan in few Easy Steps - J & K Bank

1. Get Your Home Loan in Few Easy Steps A house is not something made up of building materials but a dream. A dream that everyone aims to fulfill someday. Jammu and Kashmir bank is the ultimate stoppage for finding housing loans. The only bank which serves to empower. It provides loan on residential houses and flats to be: Constructed/purchased by the individuals and build by public agencies like HUDCO, Housing Boards, Local Bodies, Co-operative Societies, Builders or Employers, etc. for individuals. Constructed/purchased by a person who intends to purchase/construct a house and proposes to let it out on rent on account of his posting outside the headquarters or because he has been provided accommodation by his employer. Purchased by someone who at present resides as a tenant in that house. The Loan will be granted to individuals having a perpetual source of income, who belong to any one of the following categories: 1.Permanent employees of state/central government, government/semi-government undertakings& autonomous bodies. 2.Employees of reputed companies with at least 3 years of service. 3.Professionals, self-employed individuals/businessmen with at least 3- years standing in the current profession. 4.Persons involved in agricultural and allied activities. 5.Retired employees of state/central government, public sector undertaking. Minimum age of the applicant should be 18 years as on the date of sanction and the maximum age of the applicant at loan should be 70 years The Actual loan amount will be decided after going through factors such as applicant’s income and repaying capacity, age, assets, and liabilities, cost of the proposed house/ flat, etc. Repayment for

2. salaried/professionals is 1 to 30 years(including moratorium period) and for other customers is 1 to 20 years. Security is one of the criteria. No collateral security / 3rd party guarantee is required in all cases except the following: Pensioners-guarantee of spouse/legal heir(s), who is entitled to family pension. NRI’s- 3rd party guarantee of two Indians of sufficient means to cover the liability apart from other securities shall be obtained. Loans up to Rs.5.00 lacs(Rs.10.00 lacs in case of employees of Union Territories of J&K and Ladakh Government) to be granted for purpose of repairs/additions/alterations and extension of the existing house, where the mortgage of the house property is not taken as security. J&k bank cares for its customers and provides multiple ways to reach such as internet banking, phone banking and serves through loan application locator, applying online and interest rates. Further queries can be solved by visiting the website (https://www.jkbank.com/). Visit: https://www.jkbank.com/loans/personal/customerHousingLoans.php Find Us on Social: Facebook- http://www.facebook.com/jnkbank Twitter- https://twitter.com/jandkbank Linkeden- https://www.linkedin.com/company/jandkbank