Kotak Mahindra Car Loans

Find details of kotak mahindra car loan through Kotak Mahindra EMI calculator. Just enter the loan amount of car you want to get financed and rate of interest. Kotak Mahindra EMI calculator automatically calculates the installment on reducing balance and it does not have any other processing fee.

Also see :   Car Loan Emi Calculator
Kotak Mahindra
Kotak Mahindra

New Car Loan Rates

Tenure3 years
Down Payment
Processing FeeRs.3300
Interest Rate6.50%
Document ChargesRs.250
Kotak Mahindra avails you with host of services and facilities online with which you can get car loan approval in an easier way. The customers who are dreamt of owning their desired car will turn their dream into reality via the golden opportunity provided by Kotak Mahindra. The eligibility criteria set by the bank that any individual having minimum gross income of Rs. 1.00 lakh per annum erases the hindrance that only silver-spooned can purchase the latest available cars. The bank even churns out the repaying capacity of an individual who had applied for loan by extending the tenure up to 8 years for new car while it is 5 years for used cars. Vicky. in proves to be the powerful tool through the provision of accurate information on processing fee, documentation charges, EMI amount of such banks

Loan Eligibility Calculator

Kotak Mahindra Car Loan eligibility, Interest Rate, documents and process

Eligibility Criteria: Salaried Individuals
  • Minimum age of Applicant: 21 years
  • Maximum age of Applicant at loan maturity: 58 years
  • Minimum Annual Income: Rs 100000 net annual income
  • Minimum employment of 6 months
Documents required:
  • Proof of Identity:- Passport copy, PAN Card, Voters Id car, driving licence( Laminated, Recent, Legible)
  • Income Proof: - Latest salary slip with form 16.
  • Address Proof: - Ration card/Driving licence/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card.
  • Salary Bank Statement Self Employed Eligibility Criteria:
    • Minimum age of Applicant: 21 years
    • Maximum age of Applicant at loan maturity: 65 years
    • Minimum employment: At least 2 years in business
    Documents required:
    • Proof of Identity:- Passport copy, PAN Card, Voters Id car, driving licence( Laminated, Recent, Legible)
    • Income Proof:- Latest ITR
    • Address Proof:- Ration card/Driving licence/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card
    • Bank Statement