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 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.
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.
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.
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.
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.
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.
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