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Your child can pursue the course of their choice in India or abroad with Kotak Mahindra Bank’s Students Loan. Specially designed for higher education, a study loan from Kotak is easy to avail with minimal documentation. Apply for a students loan, today!
Kotak Mahindra Bank’s personal loan for students has numerous benefits:
Before you apply for student loan, you must fulfill the personal loan eligibility criteria:
Age |
|
Eligibility of Student |
|
You can enjoy great deals on personal loan interest rates personal loan interest rates when availing a students loan. Make sure you maintain a good credit record and repayment history to get lower interest rates on your loan.
Education Loan Interest Rate |
Maximum up to 16% |
You must submit these personal loan documents to avail of an education loan:
Kotak Mahindra Bank’s procedure for students loan is simple and hassle-free. To apply for student loan follow these steps;
Applicant’s parents or the legal guardians are allowed to apply as a guarantor to avail of a personal loan for education in India.
Education loan amounts provided by Kotak Mahindra Bank:
- Education in India: Rs. 10 lakhs
- Education in foreign countries: Rs. 20 lakhs
Yes, you can avail of a moratorium on education loan when borrowing from Kotak Mahindra Bank. It depends on the location - India or abroad.
Yes, your CIBIL score for personal loan impacts your education loan amount. A higher CIBIL improves your chances to get a loan.
You can use Kotak Mahindra Bank’s personal loan EMI calculator to calculate your applicable EMI. Just add the necessary details like loan amount, tenure and interest rate, and your EMI will be automatically displayed.
No, it is not possible to avail of a personal loan for education without interest. However, Kotak Mahindra Bank provides our borrowers with student loans at an attractive rate of interest.
Yes, you can pre-pay your education loan after 12 months from the loan disbursement. However, you need to pay foreclosure charges of 5% plus GST on the principal outstanding.
