Kotak Mahindra Bank is the fourth largest Indian private sector bank by market capitalization, headquartered in Mumbai, Maharashtra.
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Don'ts
Criteria |
Salaried individuals |
Profile |
Resident Indian employed at a Public Ltd co./ MNC/ large Pvt. Ltd co. |
Age |
21-58 years |
Income |
Net monthly salary of Rs. 25,000/- |
Minimum educational qualification |
Graduate |
Residence telephone |
Required |
Years in city |
Minimum 1 year |
Total work experience |
Minimum 2 years |
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Don'ts
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Age Eligibility
Age of joint applicant / co-borrower / guarantor should be minimum 21 years at the time of loan origination and maximum age at the time of loan maturity can be 70 years.
If the student was a minor while the joint applicant / co-borrower / guarantor executed the document for the loan, the bank will obtain a letter of ratification from him/ her upon attaining majority.
Student Eligibility
Eligible Courses
In India-
Professional Courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management and Computer Sciences.
Other professional courses such as CA, ICWA, CS, and CFA.
Masters and Diploma Management Programs.
Other courses leading to degree/diploma conducted by colleges/universities approved by UGC / Govt. / AICTE / AIBMS / ICMR, etc.
Regular Degree/Diploma course like aeronautical, pilot training, shipping, nursing or any other discipline approved by Directory General of Civil Aviation / Shipping / Indian Nursing Council or any other regulatory body as the case may be, if the course is pursued in India.
Any other course as shall be declared from time-to-time.
Studies abroad-
Post-graduation: MCA, MBA, MS and other courses as shall be declared from time-to-time.
Other courses such as CIMA - London, CPA in USA, CFA, CISA, and other approved courses as shall be declared.
Degree/Diploma course like aeronautical, pilot training, shipping, etc. provided these are recognised by competent regulatory bodies abroad for the purpose of employment in India/abroad.
Document |
Applicant |
Co-applicant/ co-borrower |
Guarantor |
Application Form |
Yes |
Yes |
Yes |
2 photographs |
Yes |
Yes |
Yes |
Proof of Identity |
Yes |
Yes |
Yes |
Proof of Residence |
Yes |
Yes |
Yes |
Signature verification from bank |
Yes |
Yes |
Yes |
Income Details |
No |
Latest payslip or Form 16 or 2 years ITR |
Latest payslip or Form 16 or 2 years ITR |
Proof of Ownership |
No |
Yes |
Yes |
Proof of Relationship |
Yes |
Yes |
Yes |
Confirmed admission letter |
Yes |
No |
No |
Letter from college |
Details of course and fee structure to be paid |
No |
No |
Academic Pass out Mark sheet/Certificate |
Yes |
No |
No |
Do’s
Don'ts
For self-employed professionals:
For self-employed non-professionals:
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Don'ts