Personal Loan for Students | Education Loan Up to ₹20 Lakhs
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Instant Loan for Students

Your child can pursue the course of their choice in India or abroad with Kotak Mahindra Bank’s Students Loan. Specially designed for higher education, a study loan from Kotak is easy to avail with minimal documentation. Apply for a students loan, today!

Benefits of Students Education Loan

Kotak Mahindra Bank’s personal loan for students has numerous benefits:

  • Education loan application process is easy and approvals are quick
  • Documentation to avail personal loan for education is minimal
  • Avail high loan amounts, that is, upto Rs. 10 lakhs for courses in India and Rs. 20 lakhs for foreign education

Eligibility Criteria for Students Loan

Before you apply for student loan, you must fulfill the personal loan eligibility criteria:


  • 21 years-70 years
  • In case of minor, a consent letter is required

Eligibility of Student

  • Indian national
  • Should have secured admission via entrance test or through merit-based selection

Education Loan Interest Rates

You can enjoy great deals on personal loan interest rates personal loan interest rates when availing a students loan. Make sure you maintain a good credit record and repayment history to get lower interest rates on your loan.

Education Loan Interest Rate

Maximum up to 16%

Documents Required for Education Loan

You must submit these personal loan documents to avail of an education loan:

  • Application form
  • 2 Photographs
  • Proof of Identity: Passport/PAN/Aadhaar/Driver’s License/Voter ID
  • Proof of Residence: Utility Bills/Leave and License Agreement
  • Signature Verification conducted by bank

How to Apply for Personal Loan for Students

Kotak Mahindra Bank’s procedure for students loan is simple and hassle-free. To apply for student loan follow these steps;

  • Go to Kotak Bank’s official website
  • Navigate to the education loan page
  • Click on ‘Apply Now’
  • You will be redirected to an online form
  • Fill the form and submit


Who can be a guarantor for a personal loan for education in India?

Applicant’s parents or the legal guardians are allowed to apply as a guarantor to avail of a personal loan for education in India.

How much money can I get as an education loan?

Education loan amounts provided by Kotak Mahindra Bank:

- Education in India: Rs. 10 lakhs

- Education in foreign countries: Rs. 20 lakhs

Is there a repayment holiday/moratorium period available?

Yes, you can avail of a moratorium on education loan when borrowing from Kotak Mahindra Bank. It depends on the location - India or abroad.

Does CIBIL Score affect my students personal loan?

Yes, your CIBIL score for personal loan impacts your education loan amount. A higher CIBIL improves your chances to get a loan.

Ready to take the next step?


Frequently Asked Questions

How can I calculate EMIs for my students personal loan?

You can use Kotak Mahindra Bank’s personal loan EMI calculator to calculate your applicable EMI. Just add the necessary details like loan amount, tenure and interest rate, and your EMI will be automatically displayed.

Can I get an education loan without interest?

No, it is not possible to avail of a personal loan for education without interest. However, Kotak Mahindra Bank provides our borrowers with student loans at an attractive rate of interest.

Can I pre-pay my education loan?

Yes, you can pre-pay your education loan after 12 months from the loan disbursement. However, you need to pay foreclosure charges of 5% plus GST on the principal outstanding.

What is the loan amount offered to students?

For higher studies in India, Kotak Bank offers student loans up to Rs. 10 lakhs and for higher education in foreign countries, it is up to Rs. 20 lakhs.