Kotak Mahindra Bank Education Loan

Kotak Mahindra Bank Education Loan

Features & Benefits

  • You can avail a loan of up to Rs. 10 Lacs* for education in India and Rs. 20 Lacs* for education abroad, based on your income and repayment capacity to fulfil all your financial needs
  • Quick approval with a Kotak Mahindra Bank Education Loan, you are not far away from making your dreams come true
  • Our minimal documentation requirements leave you relaxed


Age Eligibility

  • There is no specific restriction regarding the age of a student in order to be eligible for an education loan.
  • Age of joint applicant / co-borrower / guarantor should be minimum 21 years at the time of loan origination and maximum age at the time of loan maturity can be 70 years.

If the student was a minor while the joint applicant / co-borrower / guarantor executed the document for the loan, the bank will obtain a letter of ratification from him/ her upon attaining majority.

Student Eligibility

  • The student should be an Indian National
  • The student shall have secured the admission in India or abroad through an entrance test or through merit based selection process

Eligible Courses


  • Post-Graduation Courses: Masters and Ph.D. from accredited institutions.
  • Professional Courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management and Computer Sciences.
  • Other professional courses such as CA, ICWA, CS, and CFA.
  • Masters and Diploma Management Programs.
  • Other courses leading to degree/diploma conducted by colleges/universities approved by UGC / Govt. / AICTE / AIBMS / ICMR, etc.
  • Regular Degree/Diploma course like aeronautical, pilot training, shipping, nursing or any other discipline approved by Directory General of Civil Aviation / Shipping / Indian Nursing Council or any other regulatory body as the case may be, if the course is pursued in India.
  • Any other course as shall be declared from time-to-time.

Studies abroad

  • Graduation: Reputed universities.
  • Post-graduation: MCA, MBA, MS and other courses as shall be declared from time-to-time.
  • Other courses such as CIMA - London, CPA in USA, CFA, CISA, and other approved courses as shall be declared. Degree/Diploma course like aeronautical, pilot training, shipping, etc. provided these are recognised by competent regulatory bodies abroad for the purpose of employment in India/abroad.


Document Applicant Co-applicant/ co-borrower Guarantor
Application Form Yes Yes Yes
2 photographs Yes Yes Yes
Proof of Identity Yes Yes Yes
Proof of Residence Yes Yes Yes
Signature verification from bank Yes Yes Yes
Income Details No Latest payslip or Form 16 or 2 years ITR Latest payslip or Form 16 or 2 years ITR
Proof of Ownership Yes Yes Yes
Proof of Relationship Yes Yes Yes
Confirmed admission letter Yes No No
Letter from college Details of course and fee structure to be paid No No
Academic Pass out Mark sheet/Certificate Yes No No

                                                                                                                                 For further details, please click here