Kotak Mahindra Bank Car Loan Pune Interest Rate- Wishfin

Kotak Mahindra Bank Car Loan in Pune

About Kotak Mahindra Bank Car Loan in Pune

Gift yourself with the car of your desire. And Kotak Mahindra Bank will lend you the finance to support your wish. The bank offers car loan to the aspirant car buyers at the moderate rate of interest. It accepts the repayment in equated installments so as not to burden the borrower. It grants the loan for the widest tenure of 7 years. Other relevant details about the product are mentioned in the subsequent sections.

Kotak Mahindra Bank Car Loan in Pune 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 Pune for more details

Address of Kotak Mahindra Bank Branches in Pune

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

Branch NameComplete AddressIFSC CodeMICR CodeContact Number
Kotak Mahindra BaramatiBhigwan Road, Taluka Baramati, Pune - 413102
KKBK0001760NON-MICR02112 229246
Kotak Mahindra Bhandarkar Road PuneBakre Avenue, F. P. #226/3, Bhandarkar Road Pune - 411004 Maharashtra KKBK0000721411485003020 65601217, 020 65601216, 020 26333696
Kotak Mahindra BhosariGround Floor Madur Engineers PVT Limited Plot #71 1 A 2 Gen Block Telco Road Midc Bhosari Pune - 411026
Kotak Mahindra ChakanShubhmangal Plaza, Talegaon Chowk, Pune-nashik Highway - 410501
Chakan , Maharashtra
KKBK000072841148500802135 645042, 02135 645043, 02135 645045, 02135 645085
Kotak Mahindra Chinchwad PuneShop #9 To 13 Ground Floor Empire Estate CTS #4510 1 BombayRoad Chinchwad, Pune - 411019 Maharashtra KKBK0001768NON-MICR
Kotak Mahindra East Street, PuneM-4, Virwani Plaza, 11, East Street, PuneMaharashtraKKBK0000723411485002020 66094041, 020 66094042, 020 66094043, 020 66094058

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%