Car Loan - Enjoy Low Car Loan Interest Rates with Kotak Bank
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  • NRI Services
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Disclaimers: Car loan offer is from Kotak Mahindra Prime Ltd, a subsidiary of Kotak Mahindra Bank Ltd. Interest rate depend on various considerations such as profile of applicant, product segment, tenure, etc. These car loan offerings come with easy processing and flexible schemes. Loans available at select locations. Loan disbursement will be subject to complete documentation and credit approval at sole discretion of Kotak Mahindra Prime Ltd. and subject to guidelines issued by RBI from time to time. T&C apply.

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Frequently Asked Questions

Which cars can be financed?

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 fulfilment of certain terms and conditions.

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How much finance can I avail of?

You can borrow up to 100% of the car value. The minimum loan amount is Rs. 1,00,000/-

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What are the tenure options?

The choice is yours. You can choose any repayment option from 12 to 84 months, all specially designed to suit your requirements.

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How long will it take to process the loan?

Within 48 hours of completing documentation at the satisfaction of KMPL. Credit is at the sole discretion of KMPL.

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Do I have the option of pre-paying the entire loan amount?

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 as per terms of the agreement. We also offer the option of refinance on the same vehicle after completion of a particular tenure.

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