Education and Career Forum

I need to know about education loan schemes of Kotak Mahindra Bank for the student going to Australia for higher studies? Repayment period with permissible delay?

To get an education loan for pursuing your higher studies in Australia, you should have secured admission in any course in a recognised college/ university. The maximum amount of an education loan offered for studies in Abroad is Rs. 20 lakhs. The repayment period is 15 years for education loans greater than Rs. 7.5 lakhs. The documents like Income Proof, Admission Letter, Address Proof, Identity Proof, etc., need to be submitted to bank for processing your education loan.

First of all, to apply for education loan for higher studies, you must have to get admission under a particular course in a recognized University.
For higher studies in abroad, the maximum amount of loan granted to a particular candidate is about Rs. 20 lac.
The repayment period of the loan is of 15 years for the amount greater than Rs. 7.5 lac.
So, if you are planning for higher studies in abroad, you can apply for education from a particular bank.