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

* 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

Documents for Education Loan for salaried and other individuals:

* KYC documents

* Bank Statement / Pass Book of last 6 months

* Optional – Guarantor Form

* Copy of admission letter of the Institute along with fees schedule

* Mark sheets / passing certificates of S.S.C., H.S.C, Degree courses

Additional Documents for Education Loan for all other Individuals:

* Documents required for the first disbursement

* Demand letter from college or university

* Loan agreement signed by applicant, co-applicants

* Sanction letter signed by the applicant, co-applicants

* Disbursement request form signed by applicant, co-applicants

* Receipts of margin money paid to the college/university along with bank statement reflecting the transaction

* Documents for collateral security (if applicable)

* Form A2 signed by applicant or co-applicants in case of overseas institute

Documents required for subsequent disbursement:

* Demand letter from college or university

* Disbursement request form signed by applicant, co-applicants

* Receipts of margin money paid to the college/university along with bank statement reflecting the transaction

* Exam progress report, mark sheet, bonafide certificate (Any one)

* Form A2 signed by applicant or co-applicants in case of overseas institute