Kotak Mahindra Bank Car Loan in Chandigarh

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

ParticularsDetails
Interest Rate Customized
Loan amountMinimum - ₹ 75,000
Maximum - Up to 90% of the car value
TenureMaximum - 7 years
Processing feeAs per bank’s norms
Pre- payment chargesAs 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 NameComplete AddressIFSC CodeMICR CodeContact Number
Mani Majra - Nac

Kotak Mahindra Bank Ltd, Basement & Ground Floor, SCO No 826, Mani Majra Nac, Chandigarh, Mani Majra - 160101, Chandigarh, IndiaKKBK0000259160485005(0172) 6628759
Chandigarh - Sec 9

S.C.O. 153 - 154 - 155, Sector 9 - C, Madhya Marg, Chandigarh - 160 017KKBK0000282160485001(0172) 5008600
Chandigarh Sector 35 B Branch

Kotak Mahindra Bank Ltd, Ground Floor, Sco - 335 - 336, Sector - 35 B Chandigarh 160035KKBK00002961604850061800226022
Madhya MargS.C.O. 153 -154 -155, Sector 9 - C, Madhya Marg, Chandigarh - 160017, PunjabKKBK0000282 NON- MICR18602662666
SamralaKhata No. 842/871, Khasra No. 53/57 (0-10), Samrala, Chandigarh - 141114, Chandigarh
KKBK0004088 NON- MICR
18602662666
Sector 22 CSCO 2477-78, Sector - 22 C, Sector 22 C, Chandigarh - 160022, ChandigarhKKBK0000296 NON- MICR
18602662666
Sec 27 DSCO 2, Sec 27 D, Sector 27 D, Chandigarh - 160019, ChandigarhKKBK0004201 NON- MICR
18602662666
Sector 44 DSCO No. 364, Sector 44 D, Chandigarh - 160047, ChandigarhKKBK0004204 NON- MICR
18602662666
Sector - 8 CSCO 70-71, Ground Floor, Sector - 8C, Madhya Marg, Chandigarh (UT), Sector 8 C, Chandigarh - 160018, ChandigarhKKBK0004202NON- MICR
18602662666
SohanaKhasra No.678, Chandigarh Landran Road, Sohana, Chandigarh - 140308, ChandigarhKKBK0004092NON- MICR
18602662666

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