Kotak Mahindra Bank Car Loan in Chandigarh
Last Updated : April 11, 2017, 10:13 a.m.
About Kotak Mahindra Bank Car Loan in Chandigarh
For the residents of Chandigarh, Kotak Mahindra Bank has rolled out Car Loan product that can help them to get the keys of their desired car. The bank lends up to 90% of the car value whereas, the minimum lending amount is ₹ 75,000. The customer can apply for the loan either online or by visiting the nearest bank branch.
Kotak Mahindra Bank Car Loan in Chandigarh at a Glance
| Particulars | Details |
|---|---|
| Interest Rate | Customized |
| Loan amount | Minimum - ₹ 75,000 Maximum - Up to 90% of the car value |
| Tenure | Maximum - 7 years |
| Processing fee | As per bank’s norms |
| Pre- payment charges | As per bank’s norms |
Eligibility Criteria
The Kotak Mahindra Bank provides car loan after evaluating individual’s profile. It has set certain criteria to determine the suitability. The car loan eligibility criteria are:
- Eligible Segments- Partnership Firms and LLPs, Public & Private Ltd. companies, HUFs and Trusts
- Criteria for Salaried:
Minimum age of the applicant should be 21 years
Maximum age of the applicant at loan maturity should be 58 years
The applicant must earn minimum income of ₹ 15,000 per month
Must have minimum employment of 12 months - Criteria for Self- Employed:
Minimum age of the applicant should be 21 years
Maximum age of the applicant at loan maturity should be 65 years
Minimum employment in the current line of business should be at least 1 year
Documents Required
In order to avail the benefit of a car loan, the individual needs to submit the following documents:
- Duly filled Application form
- Photograph
- Proof of Identity: Passport copy, PAN Card, Voters Id car, driving licence( Laminated, Recent, Legible)
- Income Proof: Latest salary slip with Form 16./ Income Tax Returns of 2 previous financial years
- Address Proof: Ration card/Driving licence/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card
- Signature Verification from your Banker / Voters ID / IT PAN card / IT Return / Driving License / Passport
- Salary Bank Statement/ Business Bank Statement
- P&L A / C and B / S for the last 2 years certified by CA by Non-Salaried
Check Car Loan Chandigarh for more details
Address of Kotak Mahindra Bank Branches in Chandigarh
The branch address, IFSC Code, MICR Code and customer care details of Kotak Mahindra Bank branches located in Chandigarh are mentioned in the table below:
| Branch Name | Complete Address | IFSC Code | MICR Code | Contact Number |
|---|---|---|---|---|
| Mani Majra - Nac | Kotak Mahindra Bank Ltd, Basement & Ground Floor, SCO No 826, Mani Majra Nac, Chandigarh, Mani Majra - 160101, Chandigarh, India | KKBK0000259 | 160485005 | (0172) 6628759 |
| Chandigarh - Sec 9 | S.C.O. 153 - 154 - 155, Sector 9 - C, Madhya Marg, Chandigarh - 160 017 | KKBK0000282 | 160485001 | (0172) 5008600 |
| Chandigarh Sector 35 B Branch | Kotak Mahindra Bank Ltd, Ground Floor, Sco - 335 - 336, Sector - 35 B Chandigarh 160035 | KKBK0000296 | 160485006 | 1800226022 |
| Madhya Marg | S.C.O. 153 -154 -155, Sector 9 - C, Madhya Marg, Chandigarh - 160017, Punjab | KKBK0000282 | NON- MICR | 18602662666 |
| Samrala | Khata No. 842/871, Khasra No. 53/57 (0-10), Samrala, Chandigarh - 141114, Chandigarh | KKBK0004088 | NON- MICR | 18602662666 |
| Sector 22 C | SCO 2477-78, Sector - 22 C, Sector 22 C, Chandigarh - 160022, Chandigarh | KKBK0000296 | NON- MICR | 18602662666 |
| Sec 27 D | SCO 2, Sec 27 D, Sector 27 D, Chandigarh - 160019, Chandigarh | KKBK0004201 | NON- MICR | 18602662666 |
| Sector 44 D | SCO No. 364, Sector 44 D, Chandigarh - 160047, Chandigarh | KKBK0004204 | NON- MICR | 18602662666 |
| Sector - 8 C | SCO 70-71, Ground Floor, Sector - 8C, Madhya Marg, Chandigarh (UT), Sector 8 C, Chandigarh - 160018, Chandigarh | KKBK0004202 | NON- MICR | 18602662666 |
| Sohana | Khasra No.678, Chandigarh Landran Road, Sohana, Chandigarh - 140308, Chandigarh | KKBK0004092 | NON- MICR | 18602662666 |