COMPARE : CAR LOANS
Kotak Mahindra Bank Car Loan
Introduction
Kotak bank has designed different schemes - Margin Money, Step up Scheme, low EMI balloon scheme and Advance EMI scheme to suit your individual requirements. Bank offers up to 90% of the ex-showroom price with flexible repayment option. Bank from time to time gets into tie-ups with various manufacturers and brings in special schemes for its customers.
Highlights
  New Car Used Car
Loan Type Term Loan Term Loan
Ex-Showroom/On Road Ex-Showroom Ex-Showroom
Loan Amount Minimum loan amount is 75000.
Maximum allowable loan amount is 90% of the ex-showroom price.
Maximum loan amount is 90% of car value. Loan amount between Rs. 1.5 – Rs. 15 Lacs
Tenure Min. - 12 months.
Max. - 60 months.
Min. - 12 months.
Max. - 60 months.
Interest Rate 11.5 % 13.5 %
Time to Process Loan 2 days 3 days
Preferred Manufacturers Chevorlet, Maruti Chevorlet, FIAT, Ford, GENERAL MOTORS INDIA, HINDUSTAN MOTORS, Honda, Hyundai, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, SAN Engineering, Skoda, Tata Motors, Toyota
 Fees & charges
 Eligibility Criteria
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