Recent Search and Popular Product
Business Loan
Personal Loan
Home Loan
Education Loan
Car Loan
Credit Card
Loan Against Security
Loan Against Property
Explore Your Options
Kotak Bank Used Car Loan
One of the major financial conglomerates in India was founded in 1985 and is known as Kotak Mahindra Bank. The RBI granted Kotak Mahindra a banking licence in 2003, allowing it to change its status from a non-banking finance firm to a bank. ING Vysya and Kotak Mahindra Bank joined in April 2015 to become a reputable banking firm with a substantial national footprint.Powered By
Kotak Bank Used Car Loan
Apply Now
Here are a few factors
| Location | 60 km from branch |
| CIBIL Score | 700+, -1 cibil |
| Loan Amount & Tenure | 1
Lac to 25 Lac (24 months to 10 yrs) |
| Loan to Value(LTV) | NIL |
| Type of Funded Vehicle | Funding
to 2rd Owner Refinance Funding to 4rd Owner sale purchase |
| Rate of Interest & Type | 15% to 22% (Reducing) |
| Processing Fees | Up to 1% of Loan amount |
| TAT | Sanction-3 Days Disbursement-3 Days |
| Foreclosure Charges | 5% after 6 month |
| Applicant | Any Salaried or Self Employed Person |
| Applicant Age | 25 Year-60 Year |
| Applicant Minimum Income | self
300000 salaried 30 k |
| Business Vintage for Self Employed Applicant | 2 Year |
| Minimum Job Experience for Salaried Applicant | 1 Year |
| Whether Co-Applicant Mandatory | Not Mandatory |
| Part Payment Allowed | Yes, After 6 months |
| Product | 1.
Sale-Purchase 2. Refinance |
| Program | 1.
Banking Product 2. Income Program 3. No Income Proof |
| Negative Profile | police |
| USP | cash income in sale purchase |
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
Documents required for Kotak Bank Used car loan
PAN Card
Aadhaar Card
Driving Licence
Loan repayment track (if any).
Vehicle details
Registered rent agreement
Your current Job identity proof or company ITR documents
Salaried income documents
Your relevant last 6 months' bank statement
Salaried private or public companies employees
-
Minimum age of 21 years
-
Maximum age of 60 years at the end of the tenure of the loan.
-
Car loan application form
-
Last 6 months’ bank statement
-
Identity and Address Proof
Self Employed private limited company
-
Car loan application form
-
Last 6 months’ bank statement
-
Identity and Address Proof
-
Income proof: Form 16 and ITR for 2 years
Eligibility
-
Salaried Individuals who are private or public companies employees and are eligible for applying for a car loan
-
Self Employed Individuals who are the sole proprietors of the business and are eligible for a car loan
-
Self-employed individuals of a private limited company who are eligible for a car loan
-
Self-employed individuals of a public limited company
FREQUENTLY ASKED QUESTIONS
Following the completion of the paperwork processes, KMBL will grant the financing within up to 72 hours.
Under its used automobile financing programme, Kotak Mahindra finances all current passenger cars.
Through SMS, email, and Internet banking, you may submit an application from the convenience of your home. You can also complete your loan application in person at any of the branches located nearby.
Yes. However, you will be assessed a 5.75% foreclosure penalty on your remaining principal.
A loan of as much as 90% of the used car's worth may be approved by the bank, with a maximum limit of Rs. 15 lakhs.
Copyright 2025 © upniva.com
