If you have applied for a car loan from Kotak Mahindra Bank and wish to track the status of your loan application, you can do so either by visiting its official website, calling its customer care helpline number, or visiting its nearest branch. Kotak Mahindra Bank offers car loan at attractive interest rates and repayment tenure ranging between 12 months and 84 months. Up to 90% of the car value can be obtained as a loan from Kotak Mahindra Bank.
Kotak Mahindra Bank has made it an easy, quick, and hassle-free process to track the status of your car loan application. As stated earlier, you can track the status by any of the below-given ways:
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
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.
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 firstname.lastname@example.org to know your car loan status.
Answer: The following individuals or entities are eligible to make a Kotak Mahindra Bank 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.
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.
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.
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.
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