Education loans are a lifeline for thousands of J&K students who aspire to pursue higher education in premier institutions like IITs, NITs, AIIMS, and top private universities. Here is a comprehensive guide to the best education loan options available to J&K students in 2026.
Bank-wise Education Loan Comparison 2026:
• J&K Bank: Up to ₹20 lakh (no collateral), 10.25% p.a., 15-year repayment
• SBI Scholar Loan: Up to ₹40 lakh for IITs/IIMs, 9.75% p.a.
• PNB Saraswati Scheme: Up to ₹15 lakh (no collateral), 10.50%
• HDFC Credila: Up to ₹75 lakh, 11.50% p.a.
• Axis Bank: Up to ₹40 lakh, 10.75% p.a.
Documents Required for Education Loan:
• KYC of student and co-applicant (parent/guardian)
• Class 12 and UG marksheets
• Admission letter from institution
• Fee schedule for full course
• Income proof of co-applicant
• Property documents (for loans above ₹7.5 lakh)
Under the Central Sector Interest Subsidy (CSIS) scheme, students from families with annual income below ₹4.5 lakh can get interest subsidy on education loans during the moratorium period (course duration + 1 year). Apply through Vidya Lakshmi portal at vidyalakshmi.co.in.
Students from J&K should specifically check the J&K Bank’s Saath Education Loan scheme which offers preferential rates for local students and accepts J&K property as collateral. Nearest J&K Bank branch can be found at jkbank.com/branch-locator.
