Kotak Mahindra Bank Car Loan Hyderabad Eligibility - Wishfin

Kotak Mahindra Bank Car Loan in Hyderabad

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

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 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:

Branch NameComplete AddressIFSC CodeMICR CodeContact Number
Abid RoadNo.4-1-317 To 319, Troop Bazar, Abid Road, Hyderabad - 500001, TelanganaKKBK0007451NON-MICR18602662666
Ameerpet, Hyderabad27 To 39, I Floor, Neelgiri Block, Aditya Enclave, Ameerpet, Hyderabad - 500038, TelanganaKKBK0007453NON-MICR
(040) 23442212, (040) 23442211
A.S. Rao NagarOffice Unit No.1 Ground floor S, Hreeja Classic, Plot No. 51, H.No.1-6-51/E/1, Anupuram Main Road [A.S. Rao Nagar], Kapra village and Circle,GHMC, AS Rao Nagar, Hyderabad - 500062, Andhra PradeshKKBK0000565500485011(040) 40078393, (040) 40078406
Banjara Hills8-2-120/76/1/B, Ground Floor, Ashoka Hitech Chambers, Road No.2, Banjara Hill, Banjara Hills, Hyderabad - 500034, TelanganaKKBK0007461NON-MICR
040-23442202, 040-23442205
Banjara HillsIlyas Mohammed Khan Estate, Road No 1, Banjara Hills, Hyderabad - 500034, Andhra PradeshKKBK0000553500485006(040) 40176555
Bhel Township1315, Bhel Mig Colony, Ramachandrapuram, Bhel Township, Hyderabad - 502032, TelanganaKKBK0007467NON-MICR
ChikkadapallyNo.1-1-191/A, 6Th Cross, Opp. More Super Market, Chikkadapally, Hyderabad - 500020, TelanganaKKBK0007455NON-MICR
CZECH ColonySVSS Nivas, No.7-2-1813/5/A/1, CZECH Colony, Fateh Nagar Village,, Hyderabad - 500018, TelanganaKKBK0007469NON-MICR
Dilsukhnagar, Hyderabad 3-8/1, Ground Floor, Hanuman Nagar Road, Chaitanyapuri, Dilsukhnagar, Hyderabad - 500036, Andhra PradeshKKBK0000563500485009
(040) 42201016
Gandhi NagarSt. Joseph'S Public School Premises, 1-3-183/40/A, I Floor, Gandhi Nagar, Hyderabad - 500080, TelanganaKKBK0007473NON-MICR
Himayat Nagar3-6-140/A, City Centre Complex, Himayatnagar, Himayat Nagar, Hyderabad - 500029, Andhra PradeshKKBK0000555500485007
(040) 66441758, (040) 66441763
Jubilee HillsUptown Jubilee House Plot No 237, Jubilee Hills Co-op Housing Society Road No 36 Jubilee Hills , Hyderabad - 500033, Andhra PradeshKKBK0000564500485010(040) 64560046, (040) 64560030
Champapet, Hyderabad#17-1-362/BR/1/16, Brindavan Colony, Champapet Main Road, Karmanghat, Hyderabad - 500079, TelanganaKKBK0007474NON-MICR
(040) 23446642
Khairatabad6-3-636, Ground Floor, Perika Bhavan, Raj Bhavan Road, Opp Flyover, Khairatabad, Hyderabad - 500004, TelanganaKKBK0007468NON-MICR

Personal Loan Interest Rates March 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 March 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%