.

Various schemes by J&K Bank

Loans and Advances W.E.F. 01.05.2009 PRIME LENDING RATE (PLR) 12.75% W.E.F. 01.05.2009 BASE RATE 8.25% W.E.F. 01.07.2010

S.No Sector

A. 1.

Rate of Interest (% per annum) w.e.f. 01.05.2009 Interest rate structure for loans and advances with aggregate limits exceeding Rs. 20.00 lacs and other than those under Special Schemes Rating Grade 1 (Large Corporate Segment) PLR- 1.00 Rating Grade 1 (SME Sector) PLR- 1.00 Rating Grade 1 (Small Business & Trade ) Rating Grade Rating Grade Rating Grade Rating Grade Rating Grade Rating Grade Rating Grade Rating Grade Rating Grade Rating Grade Rating Grade Rating Grade Rating Grade 2 2 2 3 3 3 4 4 4 5 5 5 6 (Large Corporate Segment) (SME Sector) (Small Business & Trade ) (Large Corporate Segment) (SME Sector) (Small Business & Trade ) (Large Corporate Segment) (SME Sector) (Small Business & Trade ) (Large Corporate Segment) (SME Sector) (Small Business & Trade ) (Large Corporate Segment) PLR- 1.00 PLR - 0.50 PLR - 0.50 PLR - 0.50
PLR

PLR PLR PLR + 0.50

PLR + 0.50 PLR + 0.50 PLR + 1.25 PLR+ 1.25 PLR+ 1.25

PLR + 2.00 PLR + 2.00

PLR + 2.00 PLR + 2.75 PLR + 2.75

Rating Grade 6 (SME Sector) Rating Grade 6 (Small Business & Trade ) Rating Grade 7 & above (Large Corporate Segment) Rating Grade 7 & above (Other Sectors) Note :

Within the price band prescribed hereinabove in respect of credit facilities for limits exceeding Rs.20.00 lacs ( other than those under Special Schemes ) prescribed hereinabove, following interest rate structure shall apply :Sector Agriculture &
Rate of Interest

1% below the rate prescribed for each Rating

Allied activities SMEs

B.

Grade 0.50% below the rate prescribed for each Rating Grade
Rate of Interest (% p. a.) w. e. f. 01.05.2009 XXX XXX PLR-2.50 PLR-2.00 PLR-1.50 xxx xxx

Interest rate structure for loans and advances with aggregate limits up to Rs.20.00 lacs and those under Special Schemes.

1.

Agriculture / Horticulture
a) Up to Rs.0.50 lacs b) Above Rs.0.50 lacs & up to Rs.2.00 lacs c) Up to Rs.2.00 lacs d) Above Rs.2.00 lacs & up to Rs. 5.00 lacs e) Above Rs.5.00 lacs & up to Rs.20.00 lacs Advances under Apple Scheme a) Up to Rs.0.50 lacs b) Rs.0.50 lacs & up to Rs. 2.00 lacs

2.

3.

4.

5.

6.

7.

8. 9.

10.

c) Up to Rs.2.00 lacs PLR- 2.00 d) Above Rs.2.00 lacs & up to Rs.5.00 lacs PLR- 1.50 e) Above Rs.5.00 lacs & up to Rs.20.00 lacs PLR- 0.50 f) Above Rs.20.00 lacs PLR Advances under Giri Scheme a) Up to Rs.2.00 lacs XXX b) Above Rs.2.00 lacs & up to Rs.20.00 lacs XXX c) Up to Rs.2.00 lacs PLR- 2.00 d) Above Rs.2.00 lacs & up to Rs.5.00 lacs PLR- 1.50 e) Above Rs.5.00 lacs & up to Rs.20.00 lacs PLR- 0.50 f) Above Rs.20.00 lacs PLR Advances under Special Scheme (Mortgage Loan) for Fruit / Commission Agents a) Up to Rs.0.50 lac XXX b) Above Rs.0.50 lac & up to Rs.2.00 lacs XXX c) Up to Rs.2.00 lacs PLR-1.00 d) Above Rs.2.00 lacs & up to Rs.5.00lacs PLR-0.50 e) Above Rs.5.00 lacs & up to Rs.20.00 lacs PLR f) Above Rs.20.00 lacs PLR+0.50 Agri Term Loans a) Up to Rs.0.50 lacs 10.00 b) Above Rs.0.50 lacs 11.00 Loans under Zafran Scheme a) Up to Rs.2.00 lacs 10.25 b) Above Rs.2.00 lacs & up to Rs.10.00 lacs 11.25 Trade (Retail & Wholesale) a) Up to Rs.0.50 lacs XXX b) Above Rs.0.50 lacs & up to Rs 2.00 lacs XXX c) Up to Rs.2.00 lacs PLR - 0.50 d) Above Rs. 2.00 lacs to Rs 5.00 lacs PLR e) Above Rs.5.00 lacs & up to Rs.20.00 lacs PLR + 0.50 Loans and advances under JK Bank Fair Price Shop PLR Scheme Mortgage backed facilities for Trade & Services Sector a) Up to Rs.2.00 lacs PLR b) Above Rs.2.00 lacs & up to Rs.20.00 lacs PLR + 1.00 c) Above Rs.20.00 lacs & up to Rs.200 lacs PLR + 1.50 Education loans (under Budshah Primary Education XXX

11.

Scheme) Education Loans ( Primary & Higher Education Schemes ) a) Up to Rs 25000/= 9.50 b) Above Rs.0.25 lacs & up to Rs.5.00 lacs 10.50 c) Above Rs.5.00 lacs & up to Rs10.00lacs 11.50 d) Above Rs.10.00lacs & up to Rs.20.00lacs 12.50

* * * *

Note : In case of Education Loans sanctioned for tenor of more than 5 years, floating interest rate as per the following structure would apply :Loan amount a) Up to Rs 25000/= b) Above Rs.0.25 lacs & up to Rs.5.00 lacs c) Above Rs.5.00 lacs & up to Rs10.00 lacs d) Above Rs.10.00 lacs & up to Rs.20.00 lacs
Micro & Small Enterprises (Manufacturing) a) Up to Rs.0.50 lacs b) Above Rs.0.50 lacs & upto Rs.2.00 lacs c) Up to Rs.2.00 lacs d) Above Rs.2.00 lacs & up to Rs.5.00 lacs e) Above Rs.5.00 lacs & uptoRs.20.00 lacs <>13. Loans under Craft Development Scheme a) b) c) d) 14. Up to Rs.0.25 lacs Above Rs.0.25 lacs & up to Rs.0.50 lacs Up to Rs.0.50 lacs Above Rs.0.50 lacs & up to Rs.1.00 lacs 12.

Rate of Interest % p. a. PLR - 3.75 PLR - 2.75 PLR - 1.75 PLR - 0.25
XXX XXX PLR- 2.00 PLR- 1.50 PLR- 1.00 XXX XXX 10.00 11.00

15.

16.

17.

<>Transport Operators (Fresh Vehicles) a) Up to Rs.2.00 lacs 11.25 b) Above Rs.2.00 lacs & up to Rs.10.00 lacs 12.00 c) Above Rs.10.00 lacs 12.75 Transport Operators ( 2nd Hand Vehicles) with a) Repayment up to 4 years 14.00 b) Repayment exceeding 4 years. 14.50 Other Micro and Small Services Sector a) Up to Rs.0.50 lacs XXX b) Above Rs.0.50 lacs & up to Rs.2.00 lacs XXX c) Up to Rs.2.00 lacs PLR- 2.00 d) Above Rs.2.00 lacs & up to Rs.5.00 lacs PLR-1.50 e) Above Rs.5.00 lacs & uptoRs.20.00 lacs PLR-1.00 Passenger Buses for Schools / Educational Institutions with

a) Repayment up to 7 years
18. b) Repayment exceeding 7 years. Car Loans (Fresh Cars) with repayment

12.25
12.75 Rate of Interest (% p. a.)w. e. f. 01.05.2009

a) b) c)

Up to 3 years Above 3 years and up to 5 years Above 5 years

Fixed 11.00 11.50 12.00

Floating XXX PLR -1.75 PLR -1.25

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20.

Car Loans (2 nd hand cars) with repayment a) Up to 4 years b) Above 4 years. Two-wheeler Loans with repayment

13.25 14.00

a) Up to 1 year b) Above 1 year & up to 3 years c) d) 21. 22. Up to 3 years Above 3 years

Other Consumer Loans

Loans under Saholiat / Saral Scheme

Fixed XXX XXX 11.00 12.00 14.00 13.25

Floating XXX XXX XXX PLR -1.25

Salaried employees of Central / State Government (including Rehbar-i-Taleem teachers), Public Sector Undertakings (State and Central), Autonomous Bodies and Institutions maintaining salary accounts with the branch AND Central / State Govt. Pensioners maintaining salary accounts with the branch.
Retired personnel of the Bank with quarterly rests

10.50% p.a.

Salaried Employees of Central Government, Central 14.25 Public Sector Undertakings, Autonomous Bodies and reputed Private Sector Undertakings not maintaining salary accounts with the branch Professionals / Self Employed Persons & Businessmen
23. Mortgage loans against immovable property

15.25

a) Up to Rs.2.00 lacs b) Above Rs.2.00 lacs & up to Rs.20.00 lacs c) Above Rs.20.00 lacs & up to Rs.50.00 lacs 24.

13.00 14.50 15.00

Loans to landlords for construction of premises for banks use

a) Up to Rs 2.00 lacs 12.50 b) Above Rs 2.00 lacs XXX c) Above Rs.2.00 lacs & up to Rs.20.00 lacs 13.00 d) Above Rs.20.00 lacs 13.50 Loans under J&K Bank Commercial Premises Finance Scheme a) Up to Rs.2.00 lacs 12.75 b) Above Rs.2.00 lacs & up to Rs.20.00 lacs 13.75 c) Above Rs.20.00 lacs & up to Rs.50.00 lacs 14.25 Loans under Roshni Scheme a) Up to Rs.20.00 lacs for residential purpose 13.00 b) Above Rs.20.00 lacs for residential purpose 14.00 c) Loans for commercial purpose 15.00

25.

26.

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Other Commercial Real Estate Sector

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** With Effect From 01.05.2009, following interest rate structure shall be applicable to Other Commercial Real Estate Loans & Advances:Interest rate (% p. a.) w.e.f. 01.05.2009 Credit limits up to Rs.20.00 lacs PLR+0.50 Credit limits ABOVE Rs.20.00 lacs & with Risk Grade 1. PLR 2. PLR+0.50 3. PLR+1.00 4. PLR+1.75 5. PLR+2.50 Particulars
28. Bills Discounted under LCs (W.E.F. 01.09.2009) a) Bills with usance period up to 60 days. b) Bills with usance period between 60 days and up to 90 days. c) Bills with usance period above 90 days to 180 days. d) Bills with usance period between 181 days and up to to one year. Loans & Advances/Overdraft against Banks Own Deposits: 7.00 % 7.25 % 8.25 % 11.00 %

29.

a) Loan / advance is granted against term deposit and the deposit stands in the name of the borrower singly or jointly or in the name of one of the partners of the partnership concern and the advance is granted to the said concern or in the name of the proprietor of the proprietary concern and the advance is granted to the said concern or in the name of a ward whose guardian is competent to borrow on behalf of the ward and where the advance is made to the guardian of the ward in such capacity or in the name of promoter/director of a company and the advance is granted to the said company. b) Loan / advance is granted against Banks own Deposits in the name of third parties
30 31. 32. 33. 34. Loans against Govt. Securities / NSCs / KVPs / LIC Policies Loans to individuals against Shares / Debentures Loans under Differential Rate of Interest Scheme (DRI) Clean Overdrafts / TOD Ad hoc facilities (over & above the sanctioned Limit)

1% over the deposit rate.

2% over and above the deposit rate.

PLR PLR+2.00 4.00 16.75 Up to a period of 90 days, 2% above the rate applicable on regular facility. Above 90 days, 3% above

35.

Loans to Staff Members

the rate applicable on regular facility. As per rates prescribed under various Schemes from time to time.

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Housing Loans

Repayment Period of loans

Repayment up to 5 years. Above 5 years & PLR-2.75 up to 10 years Above 10 years PLR-2.00 & up to 15 years Above 15 years PLR-1.25 & up to 20 years
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Floating Rate of Interest(% p. a.) for loans Up to Above Rs.20.00 Rs.20.00 lacs lacs PLR-3.25 PLR-2.50 PLR-2.00 PLR-1.25 PLR-0.50

Fixed Rate of Interest(% p. a.) for loans Up to Above Rs.20.00 Rs.20.00 lacs lacs 10.25 11.00 11.00 XXX XXX 11.75 XXX XXX

Passenger Bus/mini-bus Finance. ( For Doda, Bhaderwah & Kishtwar)

Amount Upto Rs 2 Lacs

Above Rs 2 lacs & upto Rs 10 lacs Above Rs 10 lacs.

Rate of Interest
9.50% 10.50% 11.50%

Interest to be charged monthly on daily outstanding balances. Penal Interest @ 2% p.a. over and above the contract rate where the installment is overdue beyond 2 months. The penal interest will be charged on the overdue amount for the overdue period. 38. <> 11.00% Interest to be charged monthly on daily outstanding balances. Penal Interest @ 2% p.a. over and above the contract rate where the installment is overdue beyond 2 months. The penal interest will be charged on the overdue amount for the overdue period. 39. <> Help Tourism (For Kashmir valley only) PLR 40. <> Fruit Advances Scheme (Apple) Loan Amount Interest rate Old Passenger Buses/mini-buses Finance. ( For Doda, Bhaderwah & Kishtwar only)

Upto Rs.0.50 lacs Above Rs.0.50 lacs & upto Rs. 2.00 lacs Above Rs.2.00 lacs & upto Rs. 5.00 lacs Above Rs.5.00 lacs & upto Rs. 20.00 lacs 41. <> 42. <> Dastkar Finance

PLR-2% PLR-1% PLR-0.50% PLR

10% Fixed *The rate of interest shall be applied with quarterly rests. Khatamband Craftsmen Finance

y y

Upto Rs 50,000: PLR-1 %, i.e.12% Above Rs 50,000 to Rs 1,00,000: PLR-0.50%, i.e. 12.50%

Interest Applied shall, however, be on a fixed basis and shall be applied with monthly rests. 43. <> Laptop/PC Finance 11.50% p.a fixed rate of interest with quarterly rests 44. <> Establishment of Mini Sheep Farms in Private Sector PLR-2.50% i.e.10.25% p.a. at present with half yearly rests. The interest component shall be serviced half yearly on actual basis from the subsidy component of Rs.60, 000/- to be released upfront by the Directorate of Sheep Husbandry Kashmir against each unit immediately after sanctioning of loan facility in favour of the identified beneficiary. It shall be ensured that no interest is charged in the loan a/c on the subsidy component parked against each unit with the Bank and correspondingly no interest shall be paid on the subsidy component held by the bank. Note):Subsidy shall be available in regular accounts only. No interest subsidy shall be paid in irregular / overdue loan accounts.

45. <>

Contractor Finance Upto Rs. 2.00 Lacs PLR-1% Rs.2.00 Lacs to Rs.20.00 Lacs PLR Above Rs.20.00 Lacs Risk Grade Rate of interest SBS1 PLR 1% SBS2 PLR 0.50% SBS3 PLR SBS4 PLR + 1% SBS5 PLR + 2.50% Tax Products & Planning (Tax Saver Term Deposit Scheme)

46. <>

y y

8.25% p.a. (Regular) 8.50% (Senior citizens)

47. <> 48. <> 49.

Term Loan For B.Ed/ M.Ed. Courses

PLR with quarterly rests.

Budshah Primary Education Finance

PLR with quarterly rests.

Commercial Vehicle Finance

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Rate of Interest Under priority sector Micro (Service) Enterprises

Repayment upto 3 years PLR-1.50% PLR 1.50% Small (Service) Enterprises Above Rs 10.00 lacs

Repayment 3 to 6 years PLR-1% PLR-1%

PLR-1% PLR

PLR-0.50% PLR+1.25%

Note:-Interest to be charged monthly on daily outstanding balances. Penal Interest @ 2% p.a. over and above the contract rate where the installment is overdue beyond 2 months. The penal interest will be charged on the overdue amount for the overdue period. No interest repayment will be allowed for pre-payment before three years for loan of original tenure of three to six years. 50. <> Commercial Vehicle Finance (Used Vehicles) a) Repayment upto 4 years b) Repayment exceeding 4 years. 51. <> 52. <> Travel & Tourist Taxi Operators PLR + 1.5 PLR + 2.0

Interest shall be charged at PLR.

JK Bank Commercial Floriculture Finance

y y y

10% The interest shall be on fixed basis and shall be compounded annually. Interest application shall be on yearly basis. However, the interest application for first year shall be on 31st March irrespective of the date of opening of the account. Subsequent applications shall be on yearly basis on 31st march. <>

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