Kotak Mahindra Bank Car Loan Interest Rates
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 |
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