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Home » Banks offering Auto loans » Kotak

Kotak
The dream of buying a car is no longer an impossibility never to be fulfilled. The dream is rather a reality now with Kotak Mahindra Bank offering auto loan at lucrative interest rates to the prospective applicants aspiring of having a car of their own. The schemes proposed to the prospective clients by Kotak are really lucrative and flexible. They are designed from the point of view of the customer's need. The schemes are such designed that a perfect balance is maintained between the desire and the capability of the potential applicants interested in the auto loan.

Kotak Mahindra Bank offers such loan schemes that are tailor made to fit to the requirements of the clients from a wide range of key features.
These features of Kotak Auto Loan plans are unique among all loan schemes offered in today's consumer banking. The excellent aspects of the loan scheme are:
  • Loans ranging from Rs. 50,000 to 50,00,000 can be availed
  • Approval for the loans is a quick and flexible process
  • Application process for the loan involves minimal paperwork and other formalities
  • The repayment options are characterized by flexibility and client friendliness
  • Reasonable amounts are suggested in the Kotak Auto Loan for Equated Monthly Installments during the repayment of the loan
  • Kotak Mahindra Bank provides a number of outlets making the services accessible to the clients at every nooks and niches of the country.
The Kotak Auto Loans also require some credibility credentials to be supplied by the applicants demanding the basic requirements for disbursing the loan. These are given as follows:
  • For salary based persons the age requirement is from 23 to 58 years and one should be an Indian resident. The net salary per month must be a minimum of Rs. 10,000 with no outstanding loans. The professional experience is a minimum of one year with the educational criteria of a graduation.
  • For self employed professionals like Doctors, lawyers and Architects the age requirement is same as above with a filed Income Tax return of a minimum of Rs. 75,000 for the last two years at least. A total work experience of 5 years is needed for applying the loan.
  • For businessmen the payment track record must be clean for at least one year prior to the current application for the loan. The age and the Income Tax return requirements are same as above with a work experience of a minimum span of 5 years.
The fees and the charges needed for the application process with Kotak Mahindra Bank are hassle free and not more than just what is required for applying the Auto Loan. This is an added advantage to the clients who are engaged with Kotak instead of some other consumer bank. If all the necessary documents are in order then the loan can be disbursed within 72 hours of application. More information on Kotak Car Loans can be obtained from the customer services at (011) 41790042.

For more information on Kotak Car Loan and related issues please stay with us at Banks offering Auto loans in autoloansxl.com.