Car Loan Documents Required to Finance your Vehicle

Car Loan - Required Documents

Be ready with following documents while applying for car loan

(Original for verification and self-attested copies for submission)

Documents	Salaried Concerns	Self Employed Firm	Proprietary	Partnership	Companies
KMPL App. Form duly filled by you	Yes	Yes	Yes	Yes	Yes
Latest Salary Slip showing statutory deductions	Yes	No	No	No	No
Form 16 / IT Returns	No	Yes	No	No	No
Pan Card & Aadhaar Card	Yes	Yes	Yes (Company & Partner’s Document)	Yes (Company & Partner’s Document)	Yes (Company & Partner’s Document)
Bank Statement	Yes	Yes	Yes	Yes	Yes
Proof of Residence	Yes	Yes	Yes	Yes	Yes
(copy of electricity / telephone bill / Passport / Voter's ID / Lease deed / Rent agreement copy / Property Registration Document in the name of the Customer)
Signature	Yes	Yes	Yes	Yes	Yes
Verification from your Banker / Voters ID / IT PAN card / IT Return / Driving License / Passport
Computation of Income for the last 2 years certified by CA	No	Yes	Yes	Yes	Yes
P&L A / C and B / S for the last 2 years certified by CA	No	Yes	Yes	Yes	Yes
Copies of Income Tax Returns for the last two years	No	Yes	Yes	Yes	Yes
Partnership Deed / Trust Deed	No	No	No	Yes	No
Letter of Authority	No	No	No	Yes	No
MOA and Board Resolution authorising one director to execute the agreement.	No	No	No	Yes	Yes
GST Certificate	No	Yes	Yes	Yes	Yes
Certificate Of Incorporation	No	No	Yes	Yes	Yes
Photograph	Yes	Yes	Yes	No	No

Note: List of documents as per KMPL’s KYC policy and credit policy, as amended from time to time

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Disclaimers: Car loan offer is from Kotak Mahindra Prime Ltd, a subsidiary of Kotak Mahindra Bank Ltd. Interest rate depend on various considerations such as profile of applicant, product segment, tenure, etc. These car loan offerings come with easy processing and flexible schemes. Loans available at select locations. Loan disbursement will be subject to complete documentation and credit approval at sole discretion of Kotak Mahindra Prime Ltd. and subject to guidelines issued by RBI from time to time. T&C apply.

Frequently Asked Questions

Which cars can be financed?

Kotak Mahindra Prime Limited finances most passenger cars and multi-utility vehicles manufactured by India's leading automobile companies. We also finance imported cars subject to fulfilment of certain terms and conditions.