Kotak Mahindra Bank
Kotak Mahindra Bank Car Loan
Data Verified
Last checked: 25 Feb 2026Best for car buyers looking for high funding (up to 90% on-road) and fast processing.
Financing for both new and used cars with flexible repayment tenures, quick approvals, and competitive interest rates.
90% On-road FundingFast SanctionNew & Used CarsDigital DocumentationCorporate Discounts
Interest Rate
8.25%
Starts From p.a.
Max Tenure
7 Yrs
84 Months
Loan Amount
to
Up to 90% of on-road price
Expert Verdict
"Kotak currently leads the car loan market with an entry rate of 8.25%. Their ability to fund up to 90% of the on-road price (inclusive of insurance and registration) is a major draw. The application process is largely digital. Verdict: Top-tier choice for new car buyers."
Key Privileges
EligibilityAge 21-65, Salaried/Self-employed
Processing Fee₹3,500 to ₹6,500 based on loan amount
Prepayment5% of outstanding
Lock-inNone
DocumentationPassport/Voter ID, 3 months salary slip, 2 years ITR
Start Application
Applying takes less than 5 minutes. You will need your PAN card and Aadhaar details handy.
Simplified Digital KYC
Instant Approval Check
Zero Physical Documentations
By clicking apply, you will be redirected to the official bank portal. FinanceMacha may earn a commission on successful approvals.
Eligibility Summary
- Min. Credit Score700+
- Min. Income₹2.5 lakh per annum
- EmploymentSalaried/Self