JK Bank Loan Scheme For Android and Apple Phones Check Eligibility

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  • Purchase of Mobile Phones (IOS, Blackberry, Android and Windows based).
  • Permanent Employees/Pensioners of State / Central Government, Government / Semi-Government Undertakings & Autonomous Bodies drawing salary through our Bank and where letter of undertaking from employer is available.
  • Customers already availing seasoned credit facilities (aged more than 2 years) where in there have been no past dues of more than one month during the currency of the loan.


  • Minimum: 21 years.
  • Maximum age of Applicant at loan maturity: For employees Date of retirement or 60 Years whichever is earlier.
  • For others: 65 years.
  • Minimum Finance: 10,000.
  • Maximum Finance: 75,000 or 12 months net income for purchasing upto three Smartphones or 90% of the invoice value of the Smartphone(s) whichever is lower.
  • Maximum finance (in case of individual small businessmen who do not file their tax returns and do not maintain the financial statements) is 10% of the credits in the operative account of the borrower during the last 12 months or 90% of the invoice value of the Smartphone(s), whichever is lower.
  • For Govt. employees gross deductions should not exceed 60% of gross salary while as for others deductions should not exceed 50% of gross income.
  • 10% of the invoice value
  • Primary: NIL
  • Collateral: NIL
  • 350/- plus applicable GST
  • 30 Equated Monthly Installments.
  • 1 Year MCLR + 3% (fixed)

Click here for rate of Interest