Jk Bank Smartphone Finance Scheme For The Purchase of New Phones

Jk Bank Smartphone Finance Scheme For The Purchase of New Phones

Never Miss An Update After Joining This Group
Join Our What’s Group Click Here
  • 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

Copy link