Loan comparison of Kotak Mahindra Bank Education Loan vs ICICI Bank Education Loan

Kotak Mahindra Bank Education Loan

ICICI Bank Education Loan

Interest Rate

Up to 16% per annum
10.50% onwards per annum

Loan Amount

* For courses in India: Up to Rs. 10 Lakh * For courses abroad: Up to Rs. 20 Lakh
* For courses in India: Up to Rs.50 Lakh * For courses abroad: Up to Rs.1 Crore

Loan Tenure

5 to 7 Years
* Up to 8/10 years for Under Graduate post-course period + 6 months * Up to 10/12 years for Post Graduate post-course period + 6 months

Loan Processing fees

NIL
NIL

EMI per Lakh

Rs. 1469 Per Lakh
Rs. 1105 Per Lakh

Part Payment Charges

Lock-in period for 12 months. After 12 months, 5% foreclosure charges + GST on principal outstanding
NIL or Rs. 1500 + GST

Minimum Income

Stable
Stable

Documents

* 2 photos 

* Photo Id

* Residence Proof

* Proof of Identity/Date of Birth Proof

* Signature Verification

* Academic Documents

* Proof of Admission

* Application Form

* Income Details of the Co-applicant

* Confirmed admission letter

* Details of the course and fee structure to be paid

* KYC

* Mark sheets of 10th, 12th, graduation and entrance exams

* Admission letter

* Fee structure

* Co-applicant KYC and income proof

* Additional documents may be requested in case of collateral required

More comparisions with Kotak Mahindra Bank Education Loan

Kotak Mahindra Bank Education Loan vs Federal Bank Education Loan
Kotak Mahindra Bank Education Loan vs HDFC Bank Education Loan
Kotak Mahindra Bank Education Loan vs ICICI Bank Education Loan
Kotak Mahindra Bank Education Loan vs Axis Bank Education Loan

More comparisions with ICICI Bank Education Loan

ICICI Bank Education Loan vs Kotak Mahindra Bank Education Loan
ICICI Bank Education Loan vs Federal Bank Education Loan
ICICI Bank Education Loan vs HDFC Bank Education Loan
ICICI Bank Education Loan vs Axis Bank Education Loan
About Us
Downloads