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  #1  
7th October 2016, 06:25 PM
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Is there any processing fee to apply for an Education Loan in Kotak Mahindra Bank?


My son wants to do MS in Australia and for this I need an Education Loan. I am looking forward to apply an Education Loan in Kotak Mahindra Bank. But I want to know that is there any processing fee also for applying?




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  #2  
8th October 2016, 06:48 PM
SudeepKumarSaha
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Is there any processing fee to apply for an Education Loan in Kotak Mahindra Bank?

Yes, there will be processing fees for education loan in Kotak Mahindra Bank. However, the processing amount is quite less. Usually the processing amount will be in the range of 100-150 INR and it includes the cost of all documents. There are no additional charges involved in the education loan request. The processing fee will be charged one time at the commencement of the education loan.
  #3  
8th October 2016, 10:23 PM
Saikiranreddy47475
Senior Member+++++
  
Join Date: Jul 2013
Posts: 14,288
Default Re: Is there any processing fee to apply for an Education Loan in Kotak Mahindra Bank?

Yes, there is processing fee for an Education loan in Kotak Mahindra Bank. The loan processing charges are upto 2% of the loan amount plus service tax and other applicable statutory levies. To be eligible to apply for an Education loan in Kotak Mahindra Bank, you should have secured admission in recognised institution. You need to have proper documentation to get Education loan from Kotak Mahindra Bank.
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