Kotak Mahindra Car Loan Status

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How to Check Status of Kotak Mahindra Bank Car Loan Application - Offline Method

You can walk-in to the nearest branch of Kotak Mahindra Bank to know the status of your car loan application if you prefer doing things in person. When you apply for a car loan, you would have received a loan prospect number. The prospect number will be needed by the officials of the bank to check the status of your car loan application. In case you do not have the prospect number handy, the bank officials will still be able to track the status of your loan application can still be checked by using your mobile number.

To locate the nearest branch of Kotak Mahindra Bank, you can visit the link - https://carloan.kotak.com/locateBranch.htm

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How to Check Status of Kotak Mahindra Bank Car Loan Application - Online Method

The online way is perhaps, the easiest way to track the status of Kotak Mahindra Bank car loan application. All you need to do is visit the link - https://carloan.kotak.com/ and click on the 'Track Your Car Loan Application' tab present on the uppermost section of the page. Once you click on the tab, you will be asked to provide your prospect number or your mobile number. After you have entered the details, you will be shown the status of your car loan application.

How to Check Status of Kotak Mahindra Bank Car Loan Application - Calling Customer Support

Kotak Mahindra Bank also offers the option of tracking the status of your car loan application by calling its customer care helpline. You can reach out to the customer care team at 1800-209-5732 who will let you know the status of your car loan application once you provide them with your prospect number or mobile number. The helpline number is operational Monday to Friday 9:30 a.m. to 6:30 p.m. You can also send an email to customer support at service.carfinance@kotak.com to know your car loan status.

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FAQs on Kotak Mahindra Bank Car Loan Application

• Who is eligible to make a Kotak Mahindra Bank car loan application?

  Answer: The following individuals or entities are eligible to make a Kotak Mahindra Bank car loan application:

  1. Salaried persons falling in the age group of 21 years to 58 years
  2. Self-employed individuals in the age range of 21 years to 65 years
  3. Public and private limited companies
  4. Hindu Undivided Families (HUFs) and Trusts
  5. Partnership firms and limited liability partnerships (LLPs)
• I am a self-employed businessman. What documents do I need to provide while making a car loan application?

  Answer: Self-employed individuals will be required to furnish address proof (passport, Aadhaar, Driving License, etc.), identity proof (PAN card, Aadhaar, Passport, Voter's ID, etc.), income proof (Income Tax Returns of previous 2 financial years), and business bank statement while making a car loan application.

• Do I need to provide a guarantor while making a Kotak Mahindra Bank car loan application?

  Answer: No, you do not need to provide a guarantor while making a Kotak Mahindra Bank car loan application. However, if you do not meet the minimum age and income criteria, you may be asked to provide a guarantor.

• My credit score is 710. Am I eligible to make a car loan application to Kotak Mahindra Bank?

  Answer: Most banks, including Kotak Mahindra Bank, will look at a credit score of at least 750 to offer you a car loan. With your score, there is a high chance of your car loan application getting rejected as the bank will consider it risky to lend to you. However, you can approach the bank directly to see if you can get a car loan with your score. If they do, you may be charged a slightly higher interest rate.

• After I make a car loan application, what is the minimum amount that can be sanctioned?

  Answer: The minimum amount that you can avail as a car loan from Kotak Mahindra Bank is Rs.75,000 while a maximum of 90% of the car's value can be sanctioned.