Kotak Mahindra Bank Car Loan in Hyderabad

Last Updated : April 11, 2017, 10:13 a.m.

About Kotak Mahindra Bank Car Loan in Hyderabad

Now give yourself the joy of long drive in an owned car. Bring home your dream car by availing Kotak Mahindra Bank car loan. The bank provides loan for the flexible tenure at the decent interest rates. It sanctions the loan for up to 90% of the car value. Check the eligibility and apply now to avail the maximum benefits.

Kotak Mahindra Bank Car Loan in Hyderabad at a Glance

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 Hyderabad for more details

Address of Kotak Mahindra Bank Branches in Hyderabad

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