Education and Career Forum

Hello everyone, I am going to apply for an Education Loan in Kotak Bank. Please tell me about the methods of repayment as I don’t know about the repayment of education loan if I take from this Bank. Please tell me asap.

Repayment methods under Kotak Bank Education Loan scheme:

Standing Instruction (SI): in this method, your EMI amount will be debited automatically at the end of the monthly cycle from the Kotak Mahindra Bank account you specify.

Electronic Clearing Service (ECS): This method is for a non-Kotak Mahindra Bank account*holder.

Post-Dated Cheques (PDCs): In this method, you can submit post-dated EMI cheques from a non-Kotak Mahindra Bank account at your nearest Kotak Mahindra Bank Loan Centre.