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Two Wheeler Finance through Loan Origination System
- Two wheeler funding: KMPL offers Two Wheeler Finance for a range of vehicles for a period from 9 months to 60 months and funding upto 100% of On Road Price. T&C apply.
- Offered through: KMPL representative at dealership - if KMPL representative is not available, you may reach out to us on kprime.service@kotak.com and we will get in touch with you.
- Services offered : Activities such as Application Login, Credit approval, e-agreement, Repayment mandate set-up, online disbursement, etc are carried out online.
Salaried Individuals
- Minimum age of Applicant: 21 years
- Maximum age of Applicant at loan maturity: 60 years
Self Employed
- Minimum age of Applicant: 21 years
- Maximum age of Applicant at loan maturity: 65 years
- Minimum employment: At least 1 year in business
- Monthly average bank balance of Rs.5000
| Documents | Salaried Concerns | Self Employed Firm | Proprietary | Partnership | Companies |
|---|---|---|---|---|---|
| KMPL App. Form duly filled by you | Y | Y | Y | Y | Y |
| Latest Salary Slip showing statutory deductions | Y | - | - | - | - |
| Bank statement for last 3 months | Y | Y | Y | Y | Y |
| Proof of Residence (copy of electricity/ telephone bill) | Y | Y | Y | Y | Y |
| Proof of identity (PAN Card, Voter ID, Driving license, Passport, Aadhar) | Y | Y | Y | Y | Y |
| Signature Verification from your Banker / Voters ID / IT PAN card / IT Return / Driving License/ Passport | Y | Y | Y | Y | Y |
| Computation of Income for the last 1 years certified by CA | - | Y | Y | Y | Y |
| Copies of Income Tax Returns for the last one year | - | Y | Y | Y | Y |
| Partnership Deed | - | - | - | Y | - |
| Letter of Authority | - | - | - | Y | - |
| Shareholding pattern, BO, MOA and Board Resolution authorizing one director to execute the agreement | - | - | - | - | Y |
| Photograph (one signed by the customer), Partner in case of partnership firm and Director in case of company | Y | Y | Y | Y | Y |
| RC copy | Y | Y | Y | Y | Y |
| Insurance Copy | Y | Y | Y | Y | Y |
* T&C
Loan amount and tenure subject to decision. Credit at sole discretion of KMPL.
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- Which Two- Wheelers can be financed by KMPL?
KMPL finances almost all two-wheelers manufactured by leading automobile companies in India. We also finance imported bikes subject to fulfilment of certain terms and conditions and basis the credit discretion of KMPL.
- Up to what amount does KMPL finance a two-wheeler?
KMPL finances up to 95%* of the On-road price of the vehicle
- What is the tenure of financing options?
At KMPL, we give you financing option from a minimum of 12 months and up to 36 months
- What is the time taken to process my loan?
KMPL can give you loan within 24 hours upon completing documentation