Kotak Mahindra Bank Car Loan in Indore
Last Updated : April 11, 2017, 10:13 a.m.
About Kotak Mahindra Bank Car Loan in Indore
Kotak Mahindra Bank caters all the banking requirements of the residents of Indore. It offers various products to the residents of the town. The bank is known for aptly dealing with the customers requirement. It has a product for each need of the customer. It issues the car loan to the individuals willing to buy a car. The lending rate details and other relevant information of the product are stated below.
Kotak Mahindra Bank Car Loan in Indore 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 Indore for more details
Address of Kotak Mahindra Bank Branches in Indore
The branch address, IFSC Code, MICR Code and customer care details of Kotak Mahindra Bank branches located in Indore are mentioned in the table below:
| Branch Name | Complete Address | IFSC Code | MICR Code | Contact Number |
|---|---|---|---|---|
| Annapurna Road | 3-B, Bhawanipur Colony, Annapurna Road, Indore. Pin code - 452 009, Indore - 452009, Madhya Pradesh | KKBK0005941 | NON-MICR | 18602662666 |
| Indore | 7/1, K.K. Bapna Arceda, Dr. Roshan Singh Bhandari Marg, Savrkar Circle, Narayan Kothi, Indore, Indore - 452001, Madhya Pradesh | KKBK0005933 | NON-MICR | 18602662666 |
| Indore - Cloth Market | 85 - Rang Mahal, Sir Seth Hukum Chand Marg, Cloth Market, Itwariya Bazar, Indore - Cloth Market, Indore - 452002, Madhya Pradesh | KKBK0005942 | NON-MICR | 0731-2452492 |
| Jawahar Marg | No. 82, Jawahar Marg, Plot No.628, Scheme No.3, Traffic Route No.2, Indore-452007 (Madhya Pradesh), Jawahar Marg, Indore, Indore - 452007, Madhya Pradesh | KKBK0005937 | NON-MICR | 18602662666 |
| M.G. Road | 580, M.G.Road, Indore, Indore - 452001, Madhya Pradesh | KKBK0000751 | 452485002 | (0731) 4297500, (0731) 4297504 |
| Palda | The Finance Hub, Mundla Nayata, Nemwar Road, Palda, Indore - 452020, Madhya Pradesh | KKBK0005932 | NON-MICR | 8818888502 |
| Sapna Sangeeta | 914/Scheme No.44, Khatiwala Tank, Sapna Sangeeta, Indore, Madhya Pradesh - 452001, Indore - 452001, Madhya Pradesh | --- | NON-MICR | 18602662666 |
| Vijay Nagar | Metro Tower, Near Vijay Nagar Square, A B Road, Indore - 452010, Madhya Pradesh | KKBK0005915 | NON-MICR | 0731-4704001 |