Kotak Mahindra Bank Car Loan Interest Rates

New Car Interest Rates - FLOATING Ranging from 11.50% to 13.50%
Loan Tenure Minimum Tenure - 12 months Maximum Tenure - 60 Months
De-hypothecation from RTO Rs 1000
PDC Swap Rs 500
Documentation Charges As Applicable
Quantum of Loan Up to 90% of the ex-showroom price. Minimum loan amount of Rs.75, 000/-.
Duplicate NOC Rs 750
Overdue Interest 3% on the outstanding EMI
Repayment Schedule Rs 250
Late Payment Charges 3% of the overdue amount, which is compounded on a monthly basis.
Foreclosure Charges 5.75% of the outstanding principal
No Objection Certificate NIL