Kotak Mahindra Bank Car Loan in Indore

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

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 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 NameComplete AddressIFSC CodeMICR CodeContact Number
Annapurna Road3-B, Bhawanipur Colony, Annapurna Road, Indore. Pin code - 452 009, Indore - 452009, Madhya PradeshKKBK0005941NON-MICR18602662666
Indore7/1, K.K. Bapna Arceda, Dr. Roshan Singh Bhandari Marg, Savrkar Circle, Narayan Kothi, Indore, Indore - 452001, Madhya PradeshKKBK0005933NON-MICR
Indore - Cloth Market85 - Rang Mahal, Sir Seth Hukum Chand Marg, Cloth Market, Itwariya Bazar, Indore - Cloth Market, Indore - 452002, Madhya PradeshKKBK0005942NON-MICR
Jawahar MargNo. 82, Jawahar Marg, Plot No.628, Scheme No.3, Traffic Route No.2, Indore-452007 (Madhya Pradesh), Jawahar Marg, Indore, Indore - 452007, Madhya PradeshKKBK0005937NON-MICR
M.G. Road580, M.G.Road, Indore, Indore - 452001, Madhya PradeshKKBK0000751452485002(0731) 4297500, (0731) 4297504
PaldaThe Finance Hub, Mundla Nayata, Nemwar Road, Palda, Indore - 452020, Madhya PradeshKKBK0005932NON-MICR
Sapna Sangeeta914/Scheme No.44, Khatiwala Tank, Sapna Sangeeta, Indore, Madhya Pradesh - 452001, Indore - 452001, Madhya Pradesh ---NON-MICR
Vijay NagarMetro Tower, Near Vijay Nagar Square, A B Road, Indore - 452010, Madhya PradeshKKBK0005915NON-MICR

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%