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  • Kotak Mahindra Car Loan Status is Rated as "Excellent!" by 341 Users

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    Kotak Mahindra Car Loan Status

    Kotak Mahindra is one of the private banking companies operating in India. The bank offers financial solutions for customers with different needs. The bank ensures that its customers have a diverse range of financial services without any difficulty. When it comes to loans, Kotak Mahindra offers a range of products including home loan, car loan, personal loan, educational loan, gold loan, etc. Customers with these requirements can check bank’s official website to get more information about these loans.

    People who require funding to buy a car can check out the car loan product offered by Kotak Mahindra. The company offers funding for new cars as well as used cars at a flexible interest rate. More information about car loans offered by Kotak Mahindra can be easily accessed by visiting the bank’s website. The application process is hassle free, and it can be done within a few minutes. Once the application has been made, users can check Kotak Mahindra car loan status in multiple ways. Here you can find the different ways in which you can check the status of your Kotak Mahindra car loan application.

    Kotak Mahindra Car Loan

    Kotak Mahindra car loan is available for both salaried individuals and self-employed professionals. Anyone above the age of 21 can apply for this loan. The maximum age is capped at 60 years for salaried individuals and 65 years for self-employed professionals. The minimum income of the individual must be Rs.15,000 per month, and the person must be employed for at least 1 year continuously. The interest rate and loan amount offered depends on various factors like type of car chosen, loan repayment term, etc.

    With Kotak Mahindra car loan, it is possible to get funding for up to 90% of a car’s ex-showroom price. You can also take refinancing against your existing car provided that it does not have any other loan on it. The documentation process associated with Kotak Mahindra car loan is very simple and transparent. The company asks only for basic documents like income proof, signature, photograph, identity proof, proof of residence, income tax returns (for self-employed professionals), etc. Once these documents are submitted, the company will begin processing the loan. During this period, you can check the status of your loan by using various methods.

    Check Kotak Mahindra Car Loan Status Online

    Kotak Mahindra allows its applicants to check the status of their car loan without any hassles. The simplest way the check the status of a car loan is by visiting the company’s official website. While checking the information online, keep your application number handy in order to check the status of your car loan application. Knowing the status of your application helps you plan your activities ahead of the purchase.

    How to Check Kotak Mahindra Car Loan Status Online?

    There are multiple ways in which you can check the status of Kotak Mahindra car loan application. The company’s website contains a tracking tool that helps applicants know the status of their loan application. Once the details are filled in, the tool matches the information with its existing data and displays the status of the application. It is better to note down the application number which is generated at the time of car loan application. You can also contact the company’s customer care to enquire the details about the status of your car loan.

    Track Kotak Mahindra Car Loan Status by Mobile Number or Prospect Number

    During the time of loan application, a prospect number will be provided to the customer. This number is useful in tracking the status of a car loan application. If you have misplaced this number, you can also track the status of your loan by using the mobile number you have provided at the time of application. All you have to do is enter the mobile number or prospect number in the tracking tool and check the status. The step-by-step process of loan status check can be given as follows.

    Step 1: Visit the official website https://carloan.kotak.com.

    Step 2: Click on ‘track your car loan application’ at the top of the website.

    Step 3: Enter the mobile number or prospect number in the popup window appearing in the page.

    Step 4: Click on ‘Submit’.

    Step 5: The resulting page will display the status of your car loan application.

    Note: Always ensure that the number entered in the appropriate space is accurate. If the prospect number you enter in the tool is wrong, your car loan application status will not be visible.

    Know Kotak Mahindra Car Loan Status through Customer Care

    Kotak Mahindra has a 24 x 7 customer service department to clear the queries from its customers and applicants. You can also use this service to know the status of your car loan application. The company’s website has detailed information about the customer service numbers and the other ways (email) to reach them.

    • Applicants can reach Kotak Mahindra customer service department by dialing the number 1860 266 2666. Customers calling from overseas locations can use the number +91 22 6600 6022 to contact the customer care. Since the service offered is 24 x 7, you can reach the customer care anytime at your own convenience.
    • You can also email the customer care to enquire about the status of your loan application. You can reach the bank at carloans@kotak.com. The response for an email enquiry may not be instant. Hence, it is better to use this only if cannot reach the customer service through phone.
    • When you contact the customer service, provide the prospect number generated at the time of application. If you do not have this number, you can check with the customer service executive on whether the status can be checked with the help of your mobile number. Also, when you reach the customer care executive, provide the number clearly and accurately.

    The methods provided here can help you track the status of your Kotak Mahindra car loan. By receiving instant update on the loan application, you can plan ahead before the actual purchase of your car.

    Customer Reviews

    • Kotak Car Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      Around 8 months ago , I have got the car loan from the KOTAK MAHINDRA BANK and they have disbursed the loan amount within 10 to 15days of time. The customer support and the response is a good with the Mahindra bank. The rate of interest and the charges are bit high with the KOTAK MAHINDRA BANK when compared with others.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 18, 2018
    • Kotak Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Kotak Mahindra Bank has offered me car loan and it has been a excellent experience. I got the loan in three days. They offered me a outstanding rate of interest of 8.25% and there was no processing charges. The customer services and response is good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 11, 2018
    • Kotak Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with Kotak Mahindra bank and my loan experience was good, the loan amount was for Rs 4 lakhs with nominal interest rate when compared to other banks. My loan amount was based on the on-road price. Customer service was good, they responded on time and the tenure of this loan is 3 years.
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 02, 2018
    • Kotak Car Loan
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have taken a car loan with Kotak Mahindra Bank and my loan experience was good. The loan amount was for Rs 4 lakhs with the rate of interest which is nominal in the market. The process was smooth and i received my loan amount on time. My loan amount was based on Ex-showroom price. Customer service was good and the tenure of this loan is 5 years.
      Was this review helpful? 0
      , noida
      Reviewed on Mar 24, 2018
    • Kotak Car Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      I have my car loan with KOTAK BANK 2.5 years back.The loan amount was 2.8 lakhs and the interest rate was 9% which is satisfactory . The customer service and responses was good. Here the car loan process was very good and they have sanctioned the loan with the committed time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 10, 2018
    • Kotak Car Loan
      "Quick loan partner"
      0.5 4.5/5 "Excellent!"
      I had applied and got a Car loan from the private sector bank KOTAK MAHINDRA BANK. They sanctioned my promised principle loan amount Rs.10 lakhs. The rate of interest which is reasonable by comparing market base rate. The process is smooth and they approved with in short time of period.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 06, 2018
    • Kotak Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My car loan experience with Kotak Mahindra Bank was very good, the process was very smooth and my loan amount was disbursed on time. The loan amount was for Rs 5 lakhs with the nominal rate of interest. My loan amount was approved based on Ex-showroom price. I pay an EMI of Rs 18600 for this loan and the tenure is 3 years.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 09, 2018
    • Kotak Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I am having the car loan with the Kotak mahindra bank and the interest rate is around 9% and the customer service is better one and the response is also better one. The loan amount got disbursed within ten days of time.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 06, 2018
    • Kotak Car Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      Car loan with KOTAK MAHINDRA BANK and the loan experience was good. The loan amount was for Rs 7,00,000 with the rate of interest of 10.25% which is nominal when compared to other banks. The process was good and I received my loan amount within the given time. Customer service was good and they responded on time. The tenure of this loan is 60months and it was overall a good service from KOTAK MAHINDRA BANK.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 27, 2018
    • Kotak Car Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have taken a Car loan with Kotak Mahindra Bank and the loan experience was good. The loan amount was for Rs 14 lakhs with the rate of interest of 9.25% which is nominal when compared to other banks. I have taken Scorpio Top Model diesel version. The process was smooth and i received my loan amount within the given time. Customer service was good and they responded on time. The tenure of this loan is 3 years and it was overall a good service from Kotak.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jan 24, 2018
    • Kotak Car Loan
      "GOOD"
      0.5 3.5/5 "Pretty good"
      It as a good experience of car Loan with KOTAK BANK . the customer service was good from the bank side . It was a full approval i got from the bank side . The money got Disbursed in 3 days . The Rate of interest was 13% they charged , the processing fee was 3K . Pre closure option is there with no extra charges .
      Was this review helpful? 3
      , mumbai
      Reviewed on Dec 27, 2017
    • Kotak Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My car loan experience with Kotak Mahindra Bank was good, i have taken loan for Rs 3 lakhs with the rate of interest of 14% which is high when compared to all other banks. The process was very smooth and i received my loan amount within 1 week. Customer service was good, they provided door step service for document collection and they followed up correctly. The loan amount was based on on-road price and tenure of the loan was 4 years, There is no additional charges on preclosure and part payment.
      Was this review helpful? 1
      , new delhi
      Reviewed on Dec 26, 2017
    • Kotak Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with Kotak Mahindra Bank and it was a good loan experience. The loan amount was for Rs 2 lakhs with the nominal rate of interest when compared to all other banks. The process was very smooth and my loan amount was approved within 2 days. I submitted my documents directly to the showroom. Customer service was good and they followed up correctly.
      Was this review helpful? 6
      , hyderabad
      Reviewed on Dec 13, 2017
    • Kotak Car Loan
      "Interest rate should be reduced"
      0.5 4.0/5 "Great!"
      Kotak gave me car loan, I have taken the loan amount of Rs. Rs. 6 lakhs. Based on that loan, Kotak Mahindra gave me the top up loan and personal loan. But their interest rate is high The car loan has the tenure period of three years it would be great if they reduce the rate.
      Was this review helpful? 4
      , chennai
      Reviewed on Dec 13, 2017
    • Kotak Car Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have taken car loan with Kotak Mahindra Bank and it was a very good experience overall. The loan amount was for Rs 3.5 lakhs with the rate of interest which is high when compared to other banks. This was a pre approved loan so my loan amount was disbursed within a day. Customer service was very good and they responded on time.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 12, 2017
    • Kotak Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The Kotak Mahindra finance gave me a car loan and I got it around 3 years back. The customer support is average with the Kotak mahindra bank. The rate of interest and the charges are average with the Kotak Mahindra finance but their loan amount was sanctioned up to 75% , so I am not satisfied with it. I have to pay the car loan fro next 3 years.
      Was this review helpful? 3
      , bangalore
      Reviewed on Dec 12, 2017
    • Kotak Car Loan
      "Hassle Free and Quick Process"
      0.5 5.0/5 "Blown Away!"
      I took car loan directly from the showroom with Kotak Mahindra, they completed the process within 2 to 3 days and delivered my car. I took the car loan of Rs. 3 lakhs, I paid some down payment, They have fulfilled my requirement with better interest rate.
      Was this review helpful? 3
      , bangalore
      Reviewed on Dec 04, 2017
    • Kotak Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken car loan with Kotak Mahindra bank, my car loan application was approved and the requested amount was disbursed. The loan amount was for Rs 7 lakhs with the nominal rate of interest. The customer service was good and they responded on time. The loan amount was approved based on the on-road price. Customer service was good, they provided door step service to collect the documents. It was overall a good loan experience.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Dec 02, 2017
    • Kotak Car Loan
      "Good experience"
      0.5 4.0/5 "Great!"
      My car loan was taken with KOTAK 2 years back .The loan amount was 5 lakhs and the interest rate was 9.45% which was avergae in the market . I had a very good loan process here and they have sanctioned the loan with they committed time also . My overall experience was good and its recommendable..
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 01, 2017
    • Kotak Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I am a co-applicant for the car loan with Kotak Mahindra Bank. I am happy with the whole process of the bank. The customer services are good and there are no hassles in the whole process. I got the disbursement on time. The rate of interest and processing charges are normal.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 23, 2017
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