How to avail a Personal Loan for Education in India!

09 MARCH, 2022

It is never too late to learn something new, be it a professional who wants to undergo a specialised course abroad or a newly graduated young mind in pursuit of a course in a foreign university. In such instances, personal loan for education plays a vital role for students all over the world.

With a variety of courses available in India and abroad, there is a demand for funds to fulfil educational needs among millennials. Higher education today not only involves the funding of tuition fees, but also other associated costs such as travelling, accommodation, study material, specialised coaching, and a lot more. In such a scenario, a personal loan for education becomes crucial for achieving the desired professional graph i.e. cover all the costs along with the cost of the tuition.

Offering one of the best personal loans to fund your education, we, at Kotak Mahindra Bank have made it easy to apply and avail the loan with minimal documentation. Here are some features of our personal loan for education:

• Attractive loan amount: Personal loan starts at Rs. 50,000 and can go as high as Rs. 20 lakhs.
• Minimal documentation: Valid Identity proof, residence proof, three months’ bank statements, salary slips, and passport size photos are the only prerequisites.
• Fast approval: With us, it takes just three seconds to get the approval, if everything is in place.

• Competitive industry rates: Attractive rates of interest are offered with a well-formulated experience of ease of banking.

How to Avail a Personal Loan with Kotak Bank?

• Evaluating expenses: Start with evaluating your expenses by factoring in your travel costs, tuition fees, the requirement of study material and the cost of boarding and lodging.
• Check eligibility criteria: It is important to know if you qualify for the loan. In order to learn if you are eligible, use a personal loan eligibility calculator online.
• Online EMI calculator: Before you start your loan application, you can use our personal loan EMI calculator to compute your EMI. The calculator takes into account factors such as loan amount, interest rate and tenure.
• Online Application: Fill your personal loan application online, with the help of Keya, our website chatbot.

If a seamless banking experience and an efficiently designed way to get an instant personal loan are what you are looking for, log in to your Kotak Mahindra Bank account now. If your financials are up to the mark, you will be closing your browser with an attractive offer in your hand.

At Kotak Mahindra Bank, rest assured you will experience outstanding customer service, super satisfactory and hassle free process. Don’t wait. Ensure to apply for that personal loan for education that you have been looking for, today.