Limit of Gold loan has been enhanced now you can get Gold loan up to 2 million from designated branches of BAJK. Limit of advance salary has been enhanced now you can get advance salary loan up to 3 million. 2) Bank of Azad Jammu and Kashmir while showing excellent performance has achieved an operating profit of more than 02 Billion Rupees in December 31st, 2024.The state financial institution is achieving remarkable achievements in all sectors including profitability under its vision of playing a key role in the socio-economic development of the region. The value of assets has exceeded 51.279 billion rupees while deposits have reached 39.118 billion rupees. Besides, remittances have increased to more than 03.308 billion rupees. The number of valued account holders of the institution has increased to 2 lakh 61 thousand and the branch network has expanded to 87 operational branches in urban and rural areas. The provision of loans of more than 4.5 billion rupees by BAJK so far has accelerated the pace of the state economy and encouraged small businesses and also created new employment opportunities for the educated youth.

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Consumer Finances

Advance Salary Scheme
Car Finance
Motorcycle Finance
Personal Loan
Gold Loan
House Finance
Home Appliances Finance

Car Finance

Purpose	Enjoy a comfortable traveling with your family. Facilitate pick and drop of your kids. BAJK offers purchase of brand new cars for domestic and personal use.
Eligibility	• Must be AJK/Pakistani National. • Permanent Employee of Government/Semi Government Departments and Autonomous Corporations with at least 03 years of service. • Professional/Self Employed/Businessmen having established business for last three years.
Age limit	18-60 years
Loan Limit	Maximum up Rs 3.0 million
Tenure	Up to 60 months.
Repayment	Monthly Installments
DSR	40% (including insurance premium)
Down Payment/Equity	Minimum 30%
Primary Security	Joint Registration of the vehicle in the name of BAJK & borrower under HPA.
Secondary Security	• • 01 Personal Guarantee of Government Officer Grade-17 and above OR • Postdated Cheques equivalent to the number of Installments.
Insurance	Comprehensive Insurance of the vehicle.

Motorcycle Finance

Purpose	For quick fulfillment of family needs with economical mode of traveling. Easy and quick approach to your destination. Purchase of Motorcycle for domestic and personal use on affordable monthly installments.
Eligibility	• AJK/Pakistani National residing in AJK. • Permanent Employees of Government/Semi Government and Autonomous Corporations with at least 03 years of service. • Account Holder of BAJK. • Professionals/Self-employed/Businessmen having 03 months statement of A/c with BAJK or any other bank.
Age limit	18-60 Years
Loan Limit	As per actual cost of Motor Cycle
Tenure	Maximum up to 36 months.
Repayment	Monthly Installments
DSR	30%
Down Payment/Equity	Minimum 20%
Primary Security	Joint Registration of vehicle in the name of BAJK & borrower under HPA.
Secondary Security	Postdated Cheques 01 Personal Guarantee of Government Officer of BPS-11 or above OR 01 Personal Guarantee of a well worth businessman.
Insurance	Comprehensive Insurance of Motorcycle.

House Loan

Purpose	BAJK offers loan facility for Construction/Renovation/Purchase of residential house/apartments in AJK at reasonable/affordable easy terms
Eligibility	• All Kashmiris / Pakistani having valid CNIC • All salaried employee of AJK Government, semi Government, Autonomous bodies, National/Multinational Companies (Blue Chip) • Business and self-employed professionals of AJK domicile • Co-applicant allowed for blood relation husband/wife, father/son
Length of service	Length of service Salaried; minimum 03 years in Permanent Cadre Business/Self-Employed; at least 03 years in current Business/Profession
Minimum income/Debt Burden	• For Salaried Person: Minimum Rs. 30,000/- monthly take home salary (At-least double of monthly installment) • For Business/Self-Employed: Average monthly income should be 03 times of monthly installment.
Age limit	For Salaried Person: - 18-60 Years (the loan be matured 06 months before retirement) For Businessmen: - 18-60 Years
Loan Limit	Upto Rs. 10 Million
Tenure	Up to 20 year
DSR	Debt Equity Ratio 60:40
Repayment	Monthly Installments
Insurance	Life and mortgaged Property as per Bank’s policy
Security	Mortgage of land and building thereon
Premature payment	Premature adjustment allowed
Partial Adjustment	Allowed after 01 year of disbursement

Advance Salary Scheme

Purpose	Don’t worry about your urgent Domestic/personal/family needs like education of kids, marriage of children and medical requirements. BAJK provides you a hassle free finance against your salary. .
Eligibility	Permanent employees of Government/semi Government Departments Autonomous Corporation with at least 01 year service.
Age limit	18-60 years
Loan Limit	Maximum up to Rs. 30,00,000/-
Tenure	Maximum 48 months (The loan should end six months prior to date of retirement).
Repayment	Monthly Installments
DSR	40%
Primary Security	Hypothecation of House Hold Items up to loan amount.
Secondary Security	• 01 Personal Guarantee of Government Officer of BPS-11 or above. Guarantor should be in equivalent or above grade of the borrower but not less than Grade 11. • 06 Postdated Cheques.
Insurance	Life Insurance of the borrower.

Personal Loan

Purpose	To facilitate your urgent domestic and personal needs, BAJK makes it possible by providing financial facility in shape of Personal Loan so that you could easily take care of your children’s education, marriages, house renovation etc. Just avail this facility and enjoy tension -free life.
Eligibility	AJK /Pakistani National
Loan Limit	• 95% against Government Securities • 95% (First party) and 90% (Third party) against bank’s own deposits • 90% against deposits of others banks
Tenure	Maximum 36 months
Repayment	Lump Sum /Installments
Primary Security	Hypothecation of House Hold Items (in case of 3^rd party security)
Secondary Security	Lien on Deposits
Insurance	Life insurance of Borrower (Optional)

Home Appliances Finance

Purpose	Purchase of modern electronic appliances/gadgets of your choice and provide comfort to your life.
Eligibility	• Employee of Government/Semi Government and Autonomous Corporations and Government Organizations. • Employees of all Banks/DFIs. • BAJK Account Holder.
Loan Limit	Loan Limit Maximum up to Rs. 200,000/-
Tenure	Upto 36 Months.
Repayment	Repayment Monthly Installments.
Down Payment/Equity	Minimum 20%
Primary Security	Hypothecation of purchased goods.
Secondary Security	• 01 PG of Government Officer BPS-11 or above and for Bank Employees, a Personal Guarantee of Bank Employee. • Cheques for the predetermined Installments.
Insurance	Insurance of Purchased goods.