Kotak Mahindra Car Loan

Kotak Mahindra Car Loan interest rate, best used car loan, EMI Calculator, eligibility for auto loan | Apply for Kotak Mahindra Bank Car Loans Online

Kotak Mahindra Car Loan

 

Kotak Mahindra Car Loan

Kotak Mahindra Bank is an Indian Private Sector Bank established in 1985 in the name of Kotak Capital Management Finance Ltd. The Company offers its services in Investment Banking, Consumer Finance, Finance against security, corporate finance, and client money management. The bank has more than 1336 branches and more than 2000 ATM.

The bank offer car finance solution for every eligible customer. Now you can get your dream car with our car loan offers. Get 90% loan of the Ex showroom price with flexible tenor option as per your convenience.

APPLY FOR KOTAK MAHINDRA BANK CAR LOANS ONLINE

 

Eligibility for Kotak Car Loan

Eligibility for New Car Finance Eligibility for Pre Owned Car
 

Salaried Individuals

Minimum Age of Applicant is 21 years.

Maximum age is 60 years at the time of maturity

Rs.15000 per month minimum income

 

Self Employed

Minimum Age of Applicant is 21 years.

Maximum age is 65 years at the time of maturity

At least 1 year of continuity of business.

 

Salaried Individuals

Minimum Age of Applicant is 21 years.

Maximum age is 60 years at the time of maturity

Rs.15000 per month minimum income

 

Self Employed

Minimum Age of Applicant is 21 years.

Maximum age is 65 years at the time of maturity

At least 1 year of continuity of business.

New Car Finance Pre owned Car Finance
Loan available up 90% of Car Value

Loan period from 1 years to 5 years

Increase your EMI as per your convenient after one year.

 

Loan available from 1.5 lac to 15 lakh

Loan available up 90% of Car Value

Monthly installment of 40% of salary

 

 

Documents Required

Document Salaried person Self Employed Firm / Proprietor Partnership Companies
         
Application Form Yes Yes Yes Yes
Current Salary Slip Yes
Form16 & IT Returns Yes
Residence Proof Yes Yes Yes Yes
Signature Yes Yes Yes Yes
P&L A/c & Balance Sheet(2 year) Yes Yes Yes
ITR for Last Two Years Yes Yes Yes
Partnership Deep Yes
Authority Letter Yes
Memorandum of Association and Board Resolution Yes

Kotak Mahindra Car loan Charges

Fees and Charges
Cheque Bouncing Charges. 750.00
Prepayment interest on outstanding amount 5.21%
Issue of Duplicate NOC / NOC for Duplicate Registration Certificate 750.00
Issue of Duplicate Security Deposit Receipt per Receipt 250.00
Cancellation of Loan 2000.00
Late Payment 3%
Collection Charges 500.00
PDC swap Charges (per swap) Rs.500
Copy of Repayment Schedule 250.00
LPG / CNG NO objection Certificate 2000.00
Copy of Statement of Account 500.00
NOC for Interstate Transfer 1000.00
NOC for Commercial to personal use 2000.00
NOC to convert from private to commercial ( subject of approval) 5000).00
Tax will charges as applicable

 

APPLY FOR KOTAK MAHINDRA BANK CAR LOANS ONLINE

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