Kotak Mahindra Prime Limited Two-Wheeler Loan

Kotak Mahindra Pvt. Ltd. Is an Indian banking company. It is headquartered in Mumbai and the bank provides various products including two-wheeler loans.

The bank claims to offer 100% funding of on-road price of the vehicle in special cases. 

Kotak Mahindra Prime Limited Two Wheeler Loan Interest Rate 

Category 

Details 

 Interest Rate 

Contact the Bank 

Minimum Loan Amount  

Rs.25,000  

Maximum Loan Amount  

100% of the cost of the vehicle  

Processing Time  

24 hours  

Repayment Period  

12 to 48 months 

Features and Benefits 

The various features and benefits of Kotak Mahindra Pvt. Ltd. Two-wheeler loans are mentioned below - 

  1. It has a hassle-free processing  
  2. Offers a loan of minimum Rs.25,000. 
  3. 100% of the cost of the vehicle price can be funded, with terms ranging from 12 to 48 months. 
  1. Loan processed within 24 hours of document submission if you have a good credit score. 

Eligibility 

The eligibility criteria of Kotak Mahindra Pvt. Ltd. Two-wheeler loans are mentioned below - 

For salaried individuals 

The minimum age of the applicant should be 18 years old and maximum age of the applicant should be 65 years. The individual should have a minimum income of Rs.15,000 per month. 

For self-employed individuals 

The minimum age of the applicant should be 18 years old and maximum age of the applicant should be 65 years. The individual should be in a business for 1 year and have minimum balance of Rs.5,000 in the bank. 

Required Documents of Kotak Mahindra Prime Limited Two Wheeler Loan

The documents required to apply for Kotak Mahindra Pvt. Ltd. Two-wheeler loans are mentioned below - 

  1. Duly filled loan application form 
  2. Latest Salary Slips with statutory deductions  
  3. Residence proof 
  1. Last 3 month’s bank statements 
  2. Identity proof 
  3. Authority letter 
  4. 1 year income tax proof 
  5. Passport-sized photograph 

Kotak Mahindra Prime Limited Two Wheeler Loan EMI Calculator 

Any user may use the EMI calculator provided by Kotak Mahindra Pvt. Ltd. on the company's official website to determine the EMI for the potential loan sum they have selected. The two-wheeler loan product website includes an EMI calculator. 

The user will need to input the loan information, including the loan amount, the annual rate of interest, and the loan repayment period in months, into this two-wheeler loan emi calculator.

Clicking the "Calculate" button after all the information has been entered will cause the calculator to perform the required computations and show the EMI amount according to the user's input at the bottom of the table. 

How to Apply for Kotak Mahindra Prime Limited Two Wheeler Loan

Interested applicants can visit the nearest branch of Kotak Mahindra Pvt. Ltd. To apply for the two-wheeler loan. Alternatively, they can contact the bank by calling the number 1800 209 9494. They can also send an SMS in the format of <TWLOAN> to 5676788

Also, Check : Kotak Mahindra Two-Wheeler Insurance

FAQs on Kotak Mahindra Prime Limited Two Wheeler Loan

  • What is the maximum amount Kotak Mahindra Pvt. Ltd. Can provide for a two-wheeler loan?

    Kotak Mahindra Pvt. Ltd. Might provide 100% of the on-road price of the vehicle as a two-wheeler loan. 

  • What Two-Wheelers can KMPL finance?

    The majority of two-wheelers produced by India's top automakers are financed by KMPL. (except electric two-wheelers). Under certain terms and circumstances and based on the credit discretion of KMPL, we also finance imported bikes. 

  • How long will it take to process my loan?

    The bank may process your loan within 24 hours of applying if you have a good credit score. 

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