Kotak Mahindra Prime Two Wheeler Loan

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. 

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%.

• 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. 

To avail of a KMPL two-wheeler loan, you must meet certain eligibility criteria. These are quite basic in nature and differ for salaried and self-employed individuals.

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: 

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.

By availing a two-wheeler loan from Kotak Mahindra Prime, you can enjoy several benefits. Some of them are highlighted below.

• Loan Amount:

You can avail of a minimum loan amount of ₹ 25,000 without any inconvenience or hassles.

• Up to 100% Financing:

You can get up to 100% funding of the on-road price of the two-wheeler, while the repayment period (tenure) can range from 12 months to 48 months.

• Minimal Processing Times:

After submitting the documents, your loan application can be processed – and approved – within just 24 hours.

• Simple Procedure:

By submitting minimal documentation, you can enjoy quick loan disbursals while the entire loan application process is simple and hassle-free.

If you have any other questions or concerns regarding a two-wheeler loan application or wish to know the status of your application,  you can get in touch with a representative from Kotak Mahindra Prime Limited (KMPL) by calling on 1800-209-5732.

Alternatively, you can send an email to tw.loans@kotak.com