✓ Attractive Interest Rates ✓ Repayment Tenure of up to 3 Years ✓ Smooth Online Process 

There are quite a few options available in the affordable two wheeler loan categories. It is crucial to make an informed decision and choose one that suits your monthly financial budget. Interest rates and monthly EMI are the deciding factors here, so it’s important to choose a bank that fits your needs.  

 

Kotak Mahindra Prime is one of India's fastest-growing financial organizations offering two wheeler loans to customers. So, if you are in the market looking for the best loan to buy a new two wheeler or replace your old one, check out the details of the Kotak Mahindra Prime Two Wheeler Loan here. 

Kotak Mahindra Prime Two Wheeler Loan Interest Rate

One can easily apply for two wheeler loans these days as it's possible to conveniently pay off the monthly installments. One needs to know that the two wheeler loan interest rate can directly affect the EMI hence even the smallest change in the interest rate can have a major impact on the EMI. Therefore, interest rates can play a key role in two wheeler finance.  

 

Moreover, it is imperative to understand what factors affect the interest rates before you apply for your dream bike loan. Factors like your income, age, location, down payment, and credit score play a key role in determining your bike finance interest rate. Hence, it’s essential to understand all these details to make the process simpler and less time-consuming.  The interest rate starts from 8.75%.

Interest Rate

8.75% p.a. onwards

Maximum Loan Amount

100% of the bike's value

Maximum Loan Repayment tenure

4 Years

 

 

Kotak Mahindra Prime Two Wheeler Loan Features & Benefits

  • Loan Amount: The minimum loan amount is ₹ 25,000 and can be availed without any hassles. 

  • Funding: A maximum funding of up to 100% can be availed on the road price to buy a new two wheeler with an extended loan tenure of 12 to 48 months. 

  • Minimal Processing Time: You can get a Kotak Mahindra Prime two wheeler loan within just 24 hours of completing all the documentation. 

  • Simple Procedure: You can have a quick and easy loan disbursement experience with very minimal documentation. 

KMPL Two Wheeler Loan Eligibility Criteria 

Eligibility Criteria 

Salaried 

Self Employed 

Minimum Age 

18 years 

18 years 

Maximum Age 

65 years 

65 years 

Employment 

N/A 

Should have his business venture for at least one year 

Minimum Income
Requirement 

₹ 15,000 per month 

Must have an average bank balance of ₹ 5,000 

Documents Required for KMPL Two Wheeler Loan

Here is a complete list of the documents required for a salaried and self-employed individual to apply for a Kotak Mahindra Prime Two Wheeler Loan: 

Documents 

Salaried 

Self Employed

Application form 

Yes 

Yes 

Latest salary slip 

Yes 

Not required 

Statement of account for the last 3 months 

Yes 

Yes 

Valid Residence proof 

Yes 

Yes 

Valid Identity proof 

Yes 

Yes 

Verification of signature 

Yes 

Yes 

ITR 

Not required 

Yes 

Partnership deed 

Not required 

Not required 

Authority letter 

Not required 

Not required 

One signed photograph 

Yes 

Yes 

RC Copy 

Yes 

Yes 

Copy of Insurance 

Yes 

Yes 

Kotak Mahindra Prime Two Wheeler Loan EMI Calculator

You can use the Kotak Mahindra Prime Two Wheeler Loan EMI online calculator to calculate the monthly EMI. Just follow the simple steps such as entering your principal amount, interest rate, and loan tenure in the online calculator and clicking on ‘Calculate’. After entering the information, the website will display the monthly EMI along with the total interest you have to pay on your bike. It is advisable to calculate your EMI and compare it with other two wheeler loan schemes offered by different financial institutions before finally selecting the one that will suit your budget and help manage your finances.

** The above charges are excluding taxes
* Placeholder for disclaimers on Interest and Charges page
 **These are indicative and subject to change at the discretion of lender/ without prior notice.

How to Apply for Kotak Mahindra Prime Two Wheeler Loan  

  • Step 1: Visit the Automobile Loan application page on the Bajaj MARKETS website by simply clicking here

  • Step 2: Enter your mobile number and date of birth. 

  • Step 3: Now enter all the required information, including name, employment type, bike's make and model. 

  • Step 4: Browse through the offers as per your eligibility. 

  • Step 5: Submit your application. The loan representative will get in touch with you for further processing of your application. 

FAQs on Kotak Mahindra Prime Two Wheeler Loan

  • ✔️How much time does it take to disburse Kotak Mahindra Prime two wheeler loan amount?

    It takes about 24 hours.

  • ✔️What is the age limit of applicants to apply for a Kotak Mahindra Prime Two Wheeler Loan?

    The applicant must be between 18-65 years.