Education and Career Forum

Hello Sir, I have heard that Kotak Mahindra Bank is giving insurance for those candidate who is taking education loan through this bank? Is it true or false? Because I have heard but I want to confirm first then I will move ahead to apply for loan.

Those who are interested can apply for loan.
When it comes to abroad education loan process of NBFCs and private banks, all applicants of an education loan without collateral must purchase an education loan insurance.
This is a mandatory requirement that every student who applies for loan without collateral is expected to fulfill.

For loans upto 4 lacs , no collateral security is required.
For loans above INR 7.5 lacs both collateral security as well as third party gurantee is required.