What is the interest rate of education loan of Kotak Mahindra Bank?

3. Is there a range on the rate of interest charged on Education Loan offered by Kotak Mahindra Bank? Yes, the interest rate ranges from 11.5\% to 24\%.

Is Kotak Mahindra Bank good for students?

Kotak offers attractive interest rate that students can earn on their balance. The current interest rate of up to 4\% is higher than the interest rate of most top banks.

How to apply for Kotak Mahindra student education loan?

An individual can apply for Kotak Mahindra student Education Loan in various ways like online or by visiting the branch or through a 24*7 phone service provided by the bank. The bank offers Education Loan application form online through its website and also through the Paisabazaar portal.

How to use standing instructions from Kotak Mahindra Bank?

Standing Instructions from Kotak Mahindra Bank allows the borrower to pay their borrowed amount from any of their Kotak accounts. And to use it they just need to make a request to the bank. Go to the Kotak Mahindra Bank and submit the EMI cheque for your loan as per the details.

Which is the best bank for education loan in India?

Kotak Mahindra Bank has easy loan disbursal and fast processing facilities which make it one of the most sought banks for education loans. No age criterion for the applicant while the co-applicant should have an age between 21 and 70. No prepayment charges, minimal documentation, and quick approval of loans.

What is the age limit for student loan in India?

There is no specific age limit for the student, but the co-borrower age should be above 21 years. The age of the borrower must not exceed 70 years during the payment period. For studies from the top university and educational institution in India, you can borrow up to INR 10 lakh from the bank.