Kotak Mahindra Bank Car Loan in Jammu

About Kotak Mahindra Bank Car Loan in Jammu

Kotak Mahindra is the leading banking entity that has so far helped many people in accomplishing their dreams. It provides fine financial guidance and wealth management tips. It offers car loan at a decent rate of interest to candidates purchasing a car. The bank is fair in its practice and policies. It discloses all the charges before and doesn’t levy any hidden charges.

Kotak Mahindra Bank Car Loan in Jammu at a Glance

ParticularsDetails
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 Jammu for more details

Address of Kotak Mahindra Bank Branches in Jammu

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

Branch NameComplete AddressIFSC CodeMICR CodeContact Number
Bahu PlazaGround Floor, Hotel Jhelum Resort, Rail Head Complex, Bahu Plaza, Jammu - 180012, Jammu & Kashmir.KKBK0000161180485001(0191) 2479060, (0191) 2479052
JammuGround Floor, Gupta'S Towers, Cb-13, Rail Head Complex, Railway Road, Bahu Plaza, Jammu, Jammu - 180012, Jammu & Kashmir.KKBK0004445NON-MICR18602662666

 

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