JK Bank Personal Consumption Loan Scheme For Businessmen

30 months net monthly income (as derived from average of last two years ITRs) subject to a maximum of Rs 20.00 lacs However, Gross Deductions including existing loan instalment (if any) & proposed loan instalment shall not exceed 60% of gross income.

Loans shall be granted to existing businessman having minimum three years of satisfactory dealings with our bank, maintaining any current deposit account or any business loan account. The loans shall be sanctioned only from the B/U where from the borrower is having existing business relation

For loans upto 10.00 lacs:
- 3 rd party guarantee of two person having individual Net Worth of at least 200% of the loan amount.
For loans above 10.00 lacs:
- Equitable/ registered mortgage of Tangible collateral securities with realizable value equal to or more than110% of loan amount in addition to third party guarantee of 02 persons having individual Net Worth of at least 200% of the loan amount. or Extension of charge on Tangible collateral securities, already charged to bank under other facilities, having sufficient residual value (110% or above) to secure loans under PCL scheme along with Third party guarantee of 02 persons having individual Net Worth of at least 200% of the loan amount.

To be repaid in equated monthly instalments (EMIs) to be fixed as per tenor of the loan. Repayment to start after one month from date of disbursement of loan subject to a maximum of 84 instalments.

1% of loan amount + applicable GST subject to a maximum of Rs 10,000/- + GST (currently 18%)