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Kotak Bank New Car Loan
Your dream car will be one step closer with a car loan. Request a car loan and receive up to 100% cash at enticing interest rates to fulfil your goal of taking the vehicle of your dreams home. With the flexibility and convenience, it provides, a car loan is right for you. Owning a car is basically an absolute necessity in the modern world. With the Kotak Mahindra Car Loan, you can easily turn your goal of buying a car into reality.Powered By
Kotak Bank New Car Loan
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Here are a few factors
| KOTAK BANK | |
| Location | Delhi NCR |
| Minimum Salary Per Month | 25000/- Per Month |
| CIBIL Score | 700+ /-1 |
| Applicant Age | 25 Year to 60 Year |
| Loan Amount and Loan Tenure | 1 Lac to 20 Lac (12 Month to 60 Month) |
| OD Facility | NO |
| BT+Top Up | NO |
| Rate of Interest (ROI) | 9% to 11% |
| ROI Type | Reducing |
| Processing Fees | 1% to 3% |
| Foreclosure Charges | 5% (After 12 Months) |
| Processing Mode & TAT(Days) | Processing: HARD TAT:3 Day to 7 Days |
| Salary Mode | NEFT,RTGS,COMPANY TRANSFER,CASH |
| Minimum Job Experience | 1 Years |
| Part Payment Allowed | Yes |
| Negative Profile | POLICE,ADOVOCATE, 4TH GRADE, Employee, NRI |
| USP | Minus -1 Cibil Upto 5 Lac |
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 New 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
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Minimum age of 21 years
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Maximum age of 60 years at the end of the tenure of the loan.
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Car loan application form
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Last 6 months’ bank statement
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Identity and Address Proof
Self Employed private limited company
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Car loan application form Car loan application form
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Last 6 months’ bank statement
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Identity and Address Proof
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Income proof: Form 16 and ITR for 2 years
Eligibility
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Salaried Individuals who are private or public companies employees and are eligible for applying for a car loan
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Self Employed Individuals who are the sole proprietors of the business and are eligible for a car loan
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Self-employed individuals of a private limited company who are eligible for a car loan
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Self-employed individuals of a public limited company
FREQUENTLY ASKED QUESTIONS
Kotak Mahindra provides loans for up to 90% of the vehicle's on-road cost.
Yes, you may bring the necessary paperwork to the Kotak Mahindra Bank office that is closest to you. Then, a bank representative will help you with the vehicle loan application procedure.
In most cases, the bank doesn't require that you have a guarantee. However, if you don't satisfy the requirements, you may request that your siblings, parents, or spouse serve as your guarantors.
After you have provided the required documentation, the bank will begin handling your auto loan within 48 hours.
Yes. After six months of receiving the loan, it may be prepaid at any moment.
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