Kotak Mahindra Bank Education Loan

The Kotak Mahindra Bank Education Loan is a financial loan product for students to fund higher education in India or abroad. It covers tuition fees, living expenses, travel, books and equipment, and other study-related costs up to specified loan limits. Loans may require a co-applicant and collateral depending on the amount. Repayment includes a moratorium of course duration plus 12 months and can extend up to 15 years.

Loan amount to cover tuition, living expenses, travel, books, equipment and related study costs; moratorium period = course duration + 12 months; repayment tenure up to 15 years.

Applicant must be an Indian citizen who has secured admission to a university (in India or abroad depending on the scheme) and the minimum age of the applicant can be 21 years; accepted co-applicants include parents, parents-in-law, siblings, or spouse.

Apply via the bank's education loan process or through a Common Application form on WeMakeScholars; submission of specified identity, residence, admission and financial documents and a co-applicant is required.