If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
  • Kotak Mahindra Car Loan Status is Rated as "Excellent!" by 384 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 5.0/5 "Blown Away!"
      I took a Car loan from the KOTAK MAHINDRA BANK . Their rates are much cheaper that other companies. The application process was easy and hassle free. I never had any issues with their services. I use to pay my EMI on time . Customer support is good here .
      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on Mar 23, 2019
    • Kotak Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The rate of interest was high with KOTAK MAHINDRA BANK , and there was processing fee for my car loan and it is nominal .The documentation procedure went smooth.I have chosen car loan through KOTAK MAHINDRA BANK . The customer service and response was better.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 23, 2019
    • Kotak Car Loan
      "Process should be simple"
      0.5 3.0/5 "Satisfactory"
      I had car loan from Kotak Mahindra very long back, the process was lengthy and it has hassle documentation process. I was surprised regarding the way of loan, the interest and charges are good, however on road price of the card was approved on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 22, 2019
    • Kotak Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken my car loan with KOTAK MAHINDRA BANK , the tenure period is 5 year . There was a smooth loan experience with the KOTAK MAHINDRA BANK . I never faced any issues during the application and processing of this bank is nominal. Customer service is good .
      Was this review helpful? 4
      , new delhi
      Reviewed on Mar 01, 2019
    • Kotak Car Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      I have applied for the car loan with the KOTAK MAHINDRA BANK the process of getting the loan is simple with simple documents. It took 20-25 days to get the loan also the duration for repaying the loan is for 3 years but the rate of interest is 15% which is higher than others.
      Was this review helpful? 1
      , new delhi
      Reviewed on Feb 23, 2019
    • Kotak Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I had took car loan with Kotak mahindra bank previously, now i have closed this loan successfully, and the loan amount which they have given me was sufficient, and the rate of interest they have charged me was nominal ,and the processing fee they have charged me was nominal, i had no issue so far.
      Was this review helpful? 1
      , new delhi
      Reviewed on Feb 21, 2019
    • Kotak Car Loan
      "Beware of Frodulent commitments"
      0.5 0.5/5 "Unacceptable"
      I have opted car loan from Kmpl, a company of Kotak mahindra bank.They charged 14% per year interest rate instead of 9% they told verbally.They have disbursed my loan amt to dealer without giving me prior information and without confirming the availability of the car.I have paid 3 Emi without having car and finally told dealer to cancel my booking.Kmpl executive told me that your emi deducted from your account will be refunded soon but even after more than 2 months I didn't get any refund.Not only this,but even they have not updated my loan status or made any communication about this. So never deal with this company. If anyone want to make sure about genuinity of my review,I can show the documents if requested on 9924081888 Ajay Mehta
      Was this review helpful? 2
      , vadodara
      Reviewed on Feb 16, 2019
    • Kotak Car Loan
      "Overall good experience"
      0.5 5.0/5 "Blown Away!"
      I have purchased a Maruti Car and Kotak has offered me a 100% funding. The interest rate was bit higher than the others. There was a processing fee and it was okay. I have paid almost 42 months and tenure is 60months. There is an option for part payment and pre closure with 4%.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Feb 13, 2019
    • Kotak Car Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      Kotak Mahindra gave me the sufficient loan amount around Rs. 2.6 lakhs, interest rate is around 11% I felt its very nominal . The processing fee is zero, but they don't have balance transfer, part payment, pre clsoure option. I have purchased Omni mahindra.
      Was this review helpful? 3
      , bangalore
      Reviewed on Feb 04, 2019
    • Kotak Car Loan
      "Good. Can do better in the interest"
      0.5 4.5/5 "Excellent!"
      My car loan is with Kotak Mahindra Bank and the process was good to get the loan. There was no hassles in the documentation and the loan was disbursed on time. They could provide a lesser interest rate and the processing fees was also on the higher side.
      Was this review helpful? 1
      , mumbai
      Reviewed on Feb 03, 2019
    • Kotak Car Loan
      "Good Car Loan"
      0.5 5.0/5 "Blown Away!"
      My car loan bought from kotak mahindra bank. I got some offer hence i have chosen this bank. They have called me personally and given this loan. The collection executive came to my place and collected my documents. They have offered me a 12% interest rate per annum and there is a processing fee. They have sanctioned the loan immediately.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Jan 29, 2019
    • Kotak Car Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      I had taken this loan a while back and the experience i had was quite good. The loan amount which they had provided has been sufficient and the interest rate with them has been nominal as well, there has not been any additional charges which they had made and the charges like processing fee was nominal as well.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 26, 2019
    • Kotak Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been taken my car loan with Kotak mahindra bank recently ,like 2 months before i took this loan, and i am happy with the loan amount they have given me ,it was sufficient for me, and the rate of interest they have charged me up to 9.3% which was nominal for me and the processing fee they have charged me was nominal, the loan amount process went smoothly. the overall service rendered by them was really good.
      Was this review helpful? 2
      , chennai
      Reviewed on Jan 17, 2019
    • Kotak Car Loan
      "Interest rate should be economical"
      0.5 3.5/5 "Pretty good"
      I done the foreclosure of my Kotak Mahindra car loan, because I felt the interest rate is higher. The customer support is good they are working 24/7 . They preclosure charges around is around 2% on remaining outstanding . I got the NOC letter within 3 days.
      Was this review helpful? 3
      , chennai
      Reviewed on Jan 05, 2019
    • Kotak Car Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      The process in getting this loan has been good and the loan amount which they had provided has been sufficient. The interest rate with them has been nominal when compared with the market rate and there has not been any sort of charges which they had made so far.
      Was this review helpful? 3
      , chennai
      Reviewed on Dec 30, 2018
    • Kotak Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been holding car loan with Kotak mahindra bank previously, i have close that loan 7 years before itself, there service was good, they have given me loan amount depend upon my salary package , the rate of interest they have charged was nominal, they have not charged any processing fee , there overall service is good.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Dec 10, 2018
    • Kotak Car Loan
      "AVERAGE"
      0.5 4.0/5 "Great!"
      I am using the KOTAK MAHINDRA BANK for the card loan as i have taken it with the easy and quick process to get the loan. The loan amount is satisfactory added on that i am using it from past 1.5 years. The rate of interest is higher when compared to the others.
      Was this review helpful? 2
      , pune
      Reviewed on Dec 07, 2018
    • Kotak Car Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have taken the card loan with the KOTAK MAHINDRA BANK where the process of getting the loan is good added on that the process is easy to get this loan. The rate of interest is nominal and the duration is for 4 years to repay the loan. The loan amount they haev given is satisfactory.
      Was this review helpful? 3
      , bangalore
      Reviewed on Dec 07, 2018
    • Kotak Car Loan
      "Needs To Improve"
      0.5 3.5/5 "Pretty good"
      The experience with this loan has not been that good where the loan amount which they had provided has not been satisfactory, which was less than expected. The interest rate with them has been pretty high when compared with the market rate and there has been some charges made by them.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 04, 2018
    • Kotak Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      It was a very good experience with Kotak Mahindra bank for car loan, the interest rate was nominal when compared to other banks. Customer service was very good with this bank and they followed up on time. The tenure period for this car loan was for 5 years.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 01, 2018
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