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  • Kotak Mahindra Car Loan Status is Rated as "Excellent!" by 353 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
      "AVERAGE"
      0.5 2.0/5 "Expected more"
      I have taken a car loan with MAHINDRA FINANCE BANK and my loan experience is pretty good. My loan amount is 4.5lakh and interest rate is is too high. There is no hidden charges. I use to pay 16900 as EMI per month including insurance and tenure period is 3years. Processing fee is nominal.The process was so smooth at the time of documentation, i did not face any problems.
      Was this review helpful? 1
      , bangalore
      Reviewed on Aug 10, 2018
    • Kotak Car Loan
      "Good till date"
      0.5 5.0/5 "Blown Away!"
      My car loan is with Kotak Mahindra bank and there are no hassles to get the loan through. The rate of interest is also good and the processing charges are normal too. The after loan services are good and the process to get the loan is also easy and smooth.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Aug 06, 2018
    • Kotak Car Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I took a card loan from the Kotak Mahindra Bank for 6 lacs, I got the loan with in 3 days. The interest rate was 8% nominal rate. I am paying monthly 12400 as EMI for this loan. The whole application process was easy and hassle free and I got the loan loan amount with out any hassle.
      Was this review helpful? 2
      , ahmedabad
      Reviewed on Jul 12, 2018
    • Kotak Car Loan
      "Good service"
      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 3 lakhs with nominal interest rate when compared to other banks. I have already completed 2 years for loan so more 1.5 years left. Customer service was good and they responded on time.
      Was this review helpful? 1
      , coimbatore
      Reviewed on Jun 29, 2018
    • Kotak Car Loan
      "Easy to Get Loan"
      0.5 5.0/5 "Blown Away!"
      Fast processing in Loan services. I have bought a new swift car by using the Kotak mahindra car loan. I have got the loan on time. I have taken this loan 6 months ago. I'm paying the EMI of Rs.12700. I used to make the payment through ECS. Their interest and processing fee are nominal. I have to pay the EMI for 3 years. 36 months loan i have opted for.
      Was this review helpful? 0
      , jaipur
      Reviewed on Jun 19, 2018
    • Kotak Car Loan
      "Best Car Loan from Kotak Mahindra Bank"
      0.5 5.0/5 "Blown Away!"
      I have taken this car loan in the year of 2015. They informed me earlier when i applied for the car loan. I'm much aware of the interest and other charges when i take a loan. Everything is fine with Kotak mahindra bank car loan. I'm paying the EMI of Rs. 14000 per month. I've started to pay the EMI from August 2016. Next month I'm going to close the car loan for that i have to pay 2% as pre-closure charges.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jun 14, 2018
    • Kotak Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      Around 2 years ago, I have got the car loan from the KOTAK MAHINDRA BANK. The customer support service and the response is good from the Kotak and they have disbursed the loan amount within a week time. The rate of interest and the charges are average here.
      Was this review helpful? 0
      , chennai
      Reviewed on May 18, 2018
    • Kotak Car Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      I have taken this card during this year starting and it has been very good with all the services which they had provided me so far. The rate of interest which they had offered was 15% which is quite good compared with the market rate. I was also satisfied with the premium amount which has been offered. Overall it was a good experience in this loan.
      Was this review helpful? 1
      , phaltan
      Reviewed on May 12, 2018
    • Kotak Car Loan
      "Car loan from Kotak"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from Kotak Mahindra bank and the approved loan amount was 2 lakhs with a rate of interest is 13%. The monthly EMI comes around 10000 for a tenure of 2 years. The customer service and response is good. The procedures was very fast.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on May 11, 2018
    • Kotak Car Loan
      "BEST"
      0.5 5.0/5 "Blown Away!"
      From the year 2015 i am using this loan, i have got my loan amount very quickly and easily. W hen it comes to the documentation it is very easy. Actually i am not sure that how much is my rate of interest. and i have paid my loan due for 5 years, and i am satisfied with the amount that they have given.
      Was this review helpful? 0
      , chennai
      Reviewed on May 09, 2018
    • Kotak Car Loan
      "Stay away from KOTAK MAHINDRA PRIME"
      0.5 1.0/5 "Really Bad"
      Nil transparency and customer service. Hidden charges and high interest rates. Basically a buttoned up loan sharks. They think every loan customer is a tractor owner who can be conned and be cheated. I had a salary account with Tech Mahindra which led me to this trap through Kotak Mahindra Bank
      Was this review helpful? 2
      , bangalore
      Reviewed on May 05, 2018
    • Kotak Car Loan
      "GOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
      Using this KOTAK Mahindra car loan since 2 years, as i am not aware of the rate of interest. The response provided by them was very good and the quick response from them is given me and infact they offered a very good customer service in general.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on May 02, 2018
    • 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
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