Kotak Bank Two-wheeler loans

Kotak bank is one of the most popular banks in India for getting wheeler finance. KMPL may offer up to 100% funding of the on-road price of the vehicle. The tenure offered in two-wheeler loans usually ranges from 12 months to 48 months. The minimum amount one can apply for a two-wheeler is Rs 25000.

Features and benefits of applying for two-wheeler loans from Kotak Bank

  • It is available easily online.
  • Fast approval and quick disbursal
  • Attractive rate of interest starting from 10%.
  • You can pay your loan amounts in easy EMI’s.
  • Offer flexible repayment options
  • Minimal documentation

Factors that decide the interest rate of Kotak Bank Two-wheeler loans

The interest rate offered on Two-wheeler loans of Kotak bank is based on the bike model. If the model selected by the loan applicants values high rates, then there are chances to get a lower interest rate.

Applicant’s relation with the bank

If you are a Kotak bank salary account holder, the bank itself will offer lower interest rates on your two-wheeler loan.

Applicant’s income

Based on the net monthly income of the applicant, Kotak bank's two-wheeler interest rate is decided. The applicant with higher salary brackets is offered lower interest rates.

Category of the employer-

The salary individuals list of the company categories will be with the KOTAK BANK for which they will avail of bike loans. If the category of the employer is higher, they will get the loan with the low-interest rates.

Kotak Bank Two-wheeler loan eligibility criteria

Salaried individuals

  • Minimum age of Applicant: 18 years
  • Maximum age of Applicant at loan maturity: 65 years
  • Minimum Income of Rs 15000 per month

Self- employed

  • Minimum age of Applicant: 18 years
  • Maximum age of Applicant at loan maturity: 65 years
  • Minimum employment: At least 1 year in business
  • The monthly average bank balance of Rs.5000

The documents required to apply for two-wheeler loans

  • Duly filled up and signed two-wheeler loan application form along with photographs
  • KYC (Know Your Customer)documents
  • Proof of Identity- Passport, Voter ID card, Driving license, PAN card, Aadhar Card, Government department ID card
  • Income Proof-Latest salary slip showing all deductions or Form 16 along with recent salary certificate (for salaried individuals)
  • Income Proof for self-employed- Income Tax Returns of 2 previous financial years and bank Statement or Bank Pass Book of having entries of last 6 months.
  • Proof of Address - Bank account statement, Latest electricity bill, Latest mobile/telephone bill, Latest credit card statement, Existing house lease agreement.
  • Age Proof- Birth certificate,  Aadhaar Card, Mark sheets | pass certificates of S.S.C., H.S.C, Degree courses (Optional)
  • Signature Verification (Optional)

How make Kotak Bank Two-Wheeler loan repayment?

If you are applying for a Kotak Bank two-wheeler loan for a new vehicle, you are allowed to repay the loan in a maximum of 60 EMIS, if you applied for a loan for a used-two-wheeler, maximum of 36 EMIs, you can make to repay the loan.

How to apply for a two-wheeler loan with Kotak Bank

To apply for a two-wheeler loan with Kotak bank, you are required to register a two-wheeler loan online either at the third party lender’s platform or direct visit the bank’s website.

  • Fill out the standard application form for Kotak Bank Two Wheeler Loan.
  • Patiently hold for the bank’s representative’s call.
  • Get customized assistance and select the most appropriate deal depending on your needs.
  • Enjoy the Two Wheeler.