Kotak Mahindra Bank Car Loan in Kochi
Last Updated : April 11, 2017, 4:20 p.m.
About Kotak Mahindra Bank Car Loan in Kochi
Kotak Mahindra Bank is the nationalized private sector bank. It has branches all across the country including Kochi. It provides multiple banking products to the residents and caters all their financial needs. To help the potential car buyers the bank has launched car loan product under which it grants loan solely for the purchase of car. Other details about the car loan product are mentioned below:
Kotak Mahindra Bank Car Loan in Kochi 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 Kochi for more details
Address of Kotak Mahindra Bank Branches in Kochi
The branch address, IFSC Code, MICR Code and customer care details of Kotak Mahindra Bank branches located in Kochi are mentioned in the table below:
| Branch Name | Complete Address | IFSC Code | MICR Code | Contact Number |
|---|---|---|---|---|
| Pams Palace, Palace Road, Mattancherry | Pams Palace , Palace Road, Mattancherry, Kochi - 682002, Kerala | KKBK0009015 | NON-MICR | 18602662666 |
| Mamagalam | 34/2289 D Mathewsons Centre Point, Mamagalam, Palarivattom, Ernakulam, Kochi - 682025, Kerala | KKBK0009289 | NON-MICR | 0484 4010509 |
| Palarivattom | 32/1172, A-1, Ground Floor, Veerath Complex, Palarivattom, Palarivattom, Kochi, Kochi - 682025, Kerala | KKBK0009017 | NON-MICR | 18602662666 |