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  #2  
September 13th, 2017, 07:53 AM
Super Moderator
 
Join Date: Mar 2012
Re: Car Loan At Kotak Mahindra Bank

As per your demand I will let you know more about Kotak Mahindra Bank, New Car Finance loan facility so that you can check the details.

Eligibility
Salaried Individuals
Minimum age of Applicant: 21 years
Maximum age of Applicant at loan maturity: 60 years
Minimum Income of Rs 15000 per month

Self Employed
Minimum age of Applicant: 21 years
Maximum age of Applicant at loan maturity: 65 years
Minimum employment: At least 1 year in business

Documents required
KMPL App. Form duly filled by you
Latest Salary Slip showing statutory deductions
Form 16 / IT Returns
Proof of Residence (copy of electricity/ telephone bill/ Passport /Voter's ID/ Lease deed/ Rent agreement copy/Property Registration Document in the name of the Customer )
Signature
Verification from your Banker / Voters ID / IT PAN card / IT Return / Driving License/ Passport
P&L A/C and B/S for the last 2 years certified by CA
Copies of Income Tax Returns for the last two years
Partnership Deed / Trust Deed
Letter of Authority
MOA and Board Resolution authorising one director to execute the agreement.
Photograph (one signed by the customer)

Types of scheme in new car finance
Margin Money Scheme

Step Up Scheme

Low EMI, Balloon Scheme

Advance EMI Scheme

Address:-
Kotak Mahindra Bank
27 BKC, C 27, G Block,
Bandra Kurla Complex,
Bandra (E), Mumbai - 400051

Phone:-
1860 266 2666


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