Education Loans from HDFC Credila
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Kotak Bank has tied up with HDFC Credila - the trusted choice of thousands of students studying across 38 countries, to enable your children’s dreams of pursuing higher education globally.

HDFC Credila is India’s First Dedicated Education Loan Company, having pioneered the concept of offering customised student loans, with a credit scoring model designed specifically for education loans.

With specialised focus on student loans and an in-depth understanding of the requirements of those who wish to pursue higher education, HDFC Credila offers tailor-made solutions with unique features and benefits including no margin money requirement, flexible co-borrower and collateral norms, unsecured loan options, easy EMI options and attractive tax benefits under Section 80E of the Income Tax Act, 1961. Further, students may choose to get their education loan pre-approved even before they apply to universities, thus enabling them to be financially equipped to pursue their education at their dream destination.

HDFC Credila is among the preferred education loan providers, having funded students studying 3000+ different courses across 4300+ universities in 59 countries.


To apply for a student loan


Contact your branch

Contact your nearest Kotak Mahindra Bank Branch


Apply online*

Fill in your details to apply


Contact your Relationship manager

Get in touch with your Relationship manager

Special benefits of getting Education Loans from HDFC Credila

Special features of getting Education Loans from HDFC Credila



  • Secured loan: No upper limit
  • Unsecured loan: Up to Rs. 75 lakhs*


As on date, HDFC Credila has funded students for 3000+ courses across 4300+ institutes and 59 countries, for programmes including:

  • MS
  • MBA
  • MBBS (only colleges in India)
  • Executive Management Programmes (for working executives)
  • All other courses (on a case-to-case basis)


  • A floating rate of interest linked to HDFC Credila's Benchmark Lending Rate (CBLR) will be applicable, wherein the floating rate of interest to be (HDFC Credila's CBLR + Spread) % per annum.



  • Tuition fees, as determined by the college/ university
  • Other expenses, including:
    • Living expenses
    • Travel expenses
    • Ancillary expenses, including library and laboratory fees, purchase of books, laptop, related equipment


The maximum loan repayment tenure is of up to 15 years, including the moratorium period.


  • Immoveable collateral such as a residential flat, residential house, (non-agricultural) land or shop

More benefits from Kotak Bank


Kotak Remit – Seamless payment of your tuition fees, living expenses or other expenses via mobile banking

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Option to carry your Foreign Exchange on Kotak Forex Card.

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So let your child choose the career path their heart desires, we’ve got them covered on the financial front!


Terms and Conditions apply. *The Education Loan facility is offered by HDFC Credila, therefore, the loan terms and conditions, approval and disbursement shall be as per HDFC Credila. Kotak Mahindra Bank Ltd. shall have no responsibility or liability of any kind with respect to Education Loan and other Education Loan linked facility offered by HDFC Credila.

Kotak Remit: Zero documentation required up to USD 25,000. A resident individual can remit up to USD 25,000 or equivalent per day through online. Overall limit will be USD 250,000 or equivalent in a financial year under the Libersalised Remittance Scheme (LRS).

Forex Card: Cross currency markup fee will not be applicable for same currency transaction. A customer can load upto USD 2000 or equivalent per transaction and upto USD 5000 or equivalent per financial year, digitally through Net/Mobile banking.

By clicking on the links above, you are hereby giving your consent to receive calls/communication for marketing purposes through Telephone/Mobile/SMS/Email for the above mentioned product/offer and that such consents shall prevail over any current or subsequent registration of your number in the National Do Not Call Registry.