Kotak Banks loan offer on Car Loan

Kotak Banks loan offer on Car Loan

This article is based on “Kotak Banks” loan offer on Car Loan or Kotak Banks Car Loan. Kotak Banks loan offer on Car Loan with low-Interest Rate & EMI.

Kotak Banks loan offer on Car Loan

About Kotak Bank 

Kotak Mahindra Ltd is one of the leading financial groups in India, providing a wide range of financial services like Banking Business, Security Business. In 2003, in February, the Reserve Bank of India gave a Banking License to Kotak Mahendra Bank and from them, Kotak is one of the biggest banks in India.

Best offer:  Get instant Pre Approved Personal  Loan online Money View

Get details of Kotak Bank loan offer on Car Loan

Kotak Mahindra Bank offers up to 100% funding at attractive interest rates in a Car Loan. You will get your Dream Car with the help of Kotak Bank. In addition, you will get 7 Year Tenure to repay the money to the Bank only at a 6.50% p.a interest rate.

Best Loan Offer: Get Instant Personal Loan online SBI YONO App

Kotak Bank Car Loan – How to apply online?

Here are the following steps to apply for Kotak Car Loan online:

  • Go to the official website of Kotak Mahindra Bank and locate the ‘Car’ under the ‘Loans’ section in Menu Bar. 
  • Go to the next page and click on ‘Apply Now’
  • You need to enter the details as required by the bank and click on ‘Submit. 

After filling the application and submitting it, a bank representative will contact you on the mobile number you provided and assist you in the process of applying for a car loan.   Best Loan Offer:  Get ICICI Bank Business Loan Online 

 

How to Check Eligibility for Kotak Bank Car loan?

Here are the eligibility criteria you have to follow to get a Car Loan from Kotak Bank.

For Self-employed person:

  • The minimum age at maturity of the loan is 21 years and the maximum age is 65 years.
  • Your Business age must be a minimum of 1 year. 
  • The minimum Credit Score must be 700 or above.

For Salaried Person:

  • The minimum age at maturity of the loan is 21 years and the maximum age is 58 years.
  • There should be a minimum income of Rs 15,000 per month.
  • Must have a minimum of 1-year work experience.
  • The minimum Credit Score must be 700 or above.

How to apply for a new car loan in Kotak Bank?

There are two ways to apply for a new car loan at Kotak Mahindra Bank:

Offline mode apply for Kotak Car Loan

Go to the nearest Kotak branch and discuss the loan with the bank manager. My recommendation is the Offline Method.

Online mode apply for Kotak Car Loan

Visit the official website of Kotak Bank and then go to the Car under Loan section and click on the Apply Now Online button. After that, the executive will then call you again for the next process.

 

What is the Interest Rate on Car Loan in Kotak Bank?

The Interest rate of Kotak Bank Car Loan is started from 6.50% – 20% per annum.

 

What are the documents required for Kotak Bank Car Loan?

Here is the required document you need to submit along with the application form for Kotak car Loan:

  1. Identity Proof (Passport/PAN card/Voter Id Card)
  2. Current Address Proof (Aadhaar card/passport/Driving License/Voter Card/Electricity Bill)
  3. 2 Passport Size Photo
  4. If you are a salaried person, the latest salary slip with Form 16 as proof of income, otherwise if you are self-employed, the last 2 years income tax return.
  5. Signature Verification from your Bank
  6. R.C of Vehicle and Insurance of Car.
  7. Quotation of car

New Loan Offer Today:  Best Home Loan Offer  

Kotak Bank Car Loan features & benefits

Here are the feature and Benefits of Kotak Bank Car Loan:

  • Salaried and self-employed individuals both can get this loan.
  • Car Loan amounts starting at Rs.75,000.
  • The Interest rate is low, only just starting from 6.50% per annum.
  • The hassle-free online application process.

Content Source: official Website Kotak Bank

 

Leave a Reply

Your email address will not be published.

error: Content is protected !!