Kotak Mahindra Bank Car Loan Gurugram Eligibility- Wishfin

Kotak Mahindra Bank Car Loan in Gurugram

About Kotak Mahindra Bank Car Loan in Gurugram

Drive home your favourite car with Kotak Mahindra Bank car loan. The bank provides the financial support and assists an individual in the purchase of a car. It accepts the repayment in form of equated installments and lends the amount for the widest tenure of 7 years. The customer applying for the loan in the bank has to submit the necessary documents along with the application form. The details of the requisite documents and eligibility criteria are provided in the subsequent section.

Kotak Mahindra Bank Car Loan in Gurugram at a Glance

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 Gurugram for more details

Address of Kotak Mahindra Bank Branches in Gurugram

The branch address, IFSC Code, MICR Code and customer care details of Kotak Mahindra Bank branches located in Gurugram are mentioned in the table below:

Branch NameComplete AddressIFSC CodeMICR CodeContact Number
DLF Phase IVSuper Mart 1, DLF Phase IV, DLF Phase 4, Gurugram - 122007, HaryanaKKBK000029111048504718602662666
GurugramJMD Regent Square, Mehrauli Gurugram Road, Opposite Bristol Hotel KKBK000026111048500218602662666
Gurugram - Sector 14

Kotak Mahindra Bank Ltd. Ground Floor SCO 16 Sector 14 Gurugram , Haryana - 122 001KKBK0000287110485027(0124) 4215271
Gurugram Golf Course Road

Kotak Mahindra Bank Ltd. Ground Floor, Block - B, Vatika Atrium, Sector 53, Golf Course Road, Gurugram 122001, HaryanaKKBK0000289110485043(0124) 4211000
Old Judicial Complex Branch

Kotak Mahindra Bank Ltd, Ground Floor, First Floor & Basement Area, Plot No. 61, Sector Old Judicial Complex, Gurugram - 122001, HaryanaKKBK00002991104850591800226022
DLF Phase I Gurugram Branch

Kotak Mahindra Bank Ltd, DLF Phase I , (Arjun Marg), Gurugram Ground Floor, & Mezzanine, Shop No.27 & 28, Shopping Mall Building, Dlf Qutab Enclave Complex, Phase-I, Gurugram-122002KKBK000425311048506118001026022
Gurugram Sushant Lok Branch

Kotak Mahindra Bank Limited Sushant Lok Branch- Gurugram ( Haryana) Ground Floor & Mezzanine Floor, Shop Number Gf-21, The Peach Tree Complex, Block-C, Sushant Lok-1, Gurugram, Haryana - 122 001KKBK000425611048506618001026022

Personal Loan Interest Rates February 2024
HDFC Bank10.75% - 14.50%
ICICI Bank10.75% - 19.00%
IndusInd Bank10.25% - 26.00%
Kotak Bank10.99%
RBL14.00% - 23.00%
SMFG India Credit12.00% - 24.00%
Standard Chartered Bank11.49%
Tata Capital10.50% - 24.00%
Home Loan Interest Rates February 2024
Axis Bank8.75% - 9.15%
Bank of Baroda8.50% - 10.60%
Citibank8.75% - 9.15%
HDFC8.50% - 9.40%
ICICI Bank9.00% - 9.85%
Indiabulls Housing Finance Limited8.65%
Kotak Bank8.70%
LIC Housing8.50% - 10.50%
Piramal Capital & Housing Finance10.50%
PNB Housing Finance8.50% - 10.95%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI9.10% - 9.65%
Tata Capital8.95% - 12.00%