Jammu And Kashmir Bank personal loan Calculator Eligibility

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Jammu And Kashmir Bank personal loan eligibility and  interest rate depends upon following factors -

• Loan amount: Generally, banks offer lower interest rates for higher amount.
• Your Salary: Higher salary bracket individuals are offered Jammu And Kashmir Bank personal loans at lower interest rates. Jammu And Kashmir Bank personal loan interest rate of the bank varies with your net monthly income.
• Employer Category: Employer category of the borrower is a major deciding factor in order to determine his/her rate of interest. Every bank has a list of company categories of salaried individuals to which they avail Jammu And Kashmir Bank personal loan. So, higher company category leads to low bank Jammu And Kashmir Bank personal loan rate.
• Relationship with the Bank: Every bank offers special rates, offers and charges to the existing account holders of the bank. Those who have managed their accounts and made all the payments on time in past will get benefit of low Jammu And Kashmir Bank personal loan interest rate.
• Loan Tenure: Jammu And Kashmir Bank personal loans are of longer repayment tenure of 7 years.
• Repayment Capacity: Before giving loan to the borrower, every bank checks the repayment capacity of the borrower. Bank verifies the repayment capacity of the customer through CIBIL score or credit score as it has all the details of previous loans taken and their repayments. CIBIL score also gives the information of credit card bills payment.