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

Eligibility

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

India

• 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.

Documentation