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Interest Rate
11.50%
Max Loan
₹20 Lakh
Max Tenure
7 years
Processing Fee
Varies
Kotak Mahindra Bank provides education loans with a strong digital platform. Known for quick processing and good customer service, Kotak is a preferred choice for students seeking private bank education loans.
| Parameter | Details |
|---|---|
| Bank Name | Kotak Mahindra Bank |
| Bank Type | Private Banks |
| Interest Rate | 11.50% – 16.00% |
| Maximum Loan Amount | ₹20 Lakh |
| Maximum Tenure | 7 years |
| Processing Fee | Varies |
| Moratorium Period | Course + 6 months |
| Eligible Schemes | CSIS |
| Loan Category | Interest Rate (p.a.) |
|---|---|
| Up to ₹4 Lacs | 11.50% p.a. |
| Above ₹4 Lacs | 16.00% p.a. |
Rates are indicative. Final interest rate depends on applicant profile, course, institute, and collateral provided.
Fast digital process
Covers India & abroad
Section 80E benefit
Advantages
Disadvantages
Indian national
Admission secured
Co-applicant required
Apply via Kotak 811 app or website
Document upload
Approval in 3–5 days
Disbursement
Pro Tip: Apply at least 4–6 weeks before your course fee payment deadline to avoid last-minute delays.
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Eligible Government Schemes
CSIS
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