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Kotak Mahindra Bank – Current Education Loan Interest Rates



Kotak Mahindra Bank Limited – Current Education Loans or Student Loans Interest Rates

New Delhi (Delhi, India), January 20, 2016

Kotak Mahindra Bank Limited Cuts Education Loan Interest Rate to 10.25% Per Annum

The Kotak Mahindra Bank Limited has decreased its education loan interest rates by 0.25 percent, or 25 basis points with effect from Monday, October 05, 2015.



Kotak Mahindra Bank Limited has revised its minimum education loan interest rate from 10.50 percent to 10.25 percent per annum for female students for the education loan amount up to Rs. 750,000 and from 15.75 percent to 15.50 percent per annum for male students for the education loan amount above Rs. 750,000.

Kotak Mahindra Bank Limited’s current interest rate cut will reduce the cost of funds for those people who want to avail education loans for their higher studies.

Kotak Mahindra Bank Limited Student Loan Scheme – Current Education Loan Interest Rates

Kotak Mahindra Bank Student Loan Scheme Interest Rate for Female Students: 10.25% Per Annum for Education Loan Amount up to Rs. 400,000
Kotak Mahindra Bank Student Loan Scheme Interest Rate for Male Students: 10.25% Per Annum for Education Loan Amount up to Rs. 400,000
Kotak Mahindra Bank Student Loan Scheme Interest Rate for Female Students: 10.25% Per Annum for Education Loan Amount Rs. 400,001 to Rs. 750,000
Kotak Mahindra Bank Student Loan Scheme Interest Rate for Male Students: 10.25% Per Annum for Education Loan Amount Rs. 400,001 to Rs. 750,000
Kotak Mahindra Bank Student Loan Scheme Interest Rate for Female Students: 15.50% Per Annum for Education Loan Amount above Rs. 750,000
Kotak Mahindra Bank Student Loan Scheme Interest Rate for Male Students: 15.50% Per Annum for Education Loan Amount above Rs. 750,000
Kotak Mahindra Bank Student Loan Rate of Interest is Floating or Fixed: Fixed
Quantum of Kotak Mahindra Bank Education Loan: Up to Rs. 10,00,000 for Education in India and Rs. 20,00,000 for Education in Abroad
Minimum Age Limit for the Kotak Mahindra Bank Education Loan: 16 Years
Maximum Age Limit for the Kotak Mahindra Bank Education Loan: 35 Years
Kotak Mahindra Bank Education Loan Processing Fee and Documentation Charges: 1.00% to 1.50% of the Loan Amount plus Service Tax
Maximum Tenure for the Kotak Mahindra Bank Student Education Loan: 15 Years Post Moratorium Period
Kotak Mahindra Bank Education Loan Pre Closure Charges or Prepayment Penalty: Up to 4% of the Principal Outstanding plus Service Tax if the loan is foreclosed or part-prepaid during moratorium
Guarantor Requirement: No collateral or guarantor required for education loan up to Rs. 7,50,000
Eligible Courses for the Kotak Mahindra Bank Student Education Loan: Regular full-time degree and diploma courses for studies in India and abroad.

Kotak Mahindra Bank – Deposits and Loans Interest Rates
Current Deposits and Loans Interest Rates of Kotak Mahindra Bank Limited


2 comments

  1. Sharan P

    I am looking for an education loan. My phone number is 9030929055.

  2. Kudale Vilas Anandrao

    I want to avail an Educational Loan of Rs. 25 Lakh.

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