Management Co. Ltd. Kotak Securities Ltd.
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Always dreamed of driving home your dream car but couldn't? Well, here's your chance, Kotak Mahindra Prime Ltd. offers quick and flexible car loans. We understand the need of owning a car in today's world and hence provide hassle-free car loans. We provide new car loans as well as used car loans, tailor made to each one's requirement. We also offer convenient repayment options and flexible car loan interest rate.
Apply for a car loan from Kotak Mahindra Prime Ltd. and drive home the vehicle that you have always desired, as we provide speedy loan processing at attractive interest rates payable at tenure of up to 7 years!
Kotak Mahindra Bank Ltd offers car loan of Kotak Mahindra Prime Ltd to its customers. These car loan offerings come with easy processing and flexible schemes. Kotak Mahindra Prime Ltd. is a subsidiary of Kotak Mahindra Bank Ltd. Loan available at select locations. Credit at sole discretion of Kotak Mahindra Prime Ltd. and subject to guidelines issued by RBI from time to time. Conditions apply.
|Documents||Salaried Concerns||Self Employed Firm||Proprietary||Partnership||Companies|
|KMPL App. Form duly filled by you|
|Latest Salary Slip showing statutory deductions|
|Form 16 / IT Returns|
|Proof of Residence|
(copy of electricity / telephone bill / Passport / Voter's ID / Lease deed / Rent agreement copy / Property Registration Document in the name of the Customer)
Verification from your Banker / Voters ID / IT PAN card / IT Return / Driving License / Passport
|Computation of Income for the last 2 years certified by CA|
|P&L A / C and B / S for the last 2 years certified by CA|
|Copies of Income Tax Returns for the last two years|
|Partnership Deed / Trust Deed|
|Letter of Authority|
|MOA and Board Resolution authorising one director to execute the agreement.|
(one signed by the customer)
Kotak Mahindra Prime Limited finances most passenger cars and multi-utility vehicles manufactured by India's leading automobile companies. We also finance imported cars subject to fulfillment of certain terms and conditions.
You can borrow up to 90% of the car value. The minimum loan amount is Rs.75,000/-
The choice is yours. You can choose any repayment option from 12 to 84 months all specially designed to suit your requirements.
Within 48 hours of completing documentation. Credit is at the sole discretion of KMPL
Yes. One can pre-pay the loan any time after 6 months of availing of the loan. You have to pay a small prepayment fee on the outstanding loan amount. We also offer the option of refinance on the same vehicle after completion of a particular tenor. Conditions apply.
Generally no. But if your income / age does not meet our credit criteria, then you may be required to have a guarantor to stand surety for your loan.
Just fill the Online Application Form and our representative will get in touch with you shortly