What is the Process of Bike Loan?
1 Replies
PARUL YADAV
(finance expet)
(93 Points)
Replied 11 July 2024
The process of obtaining a bike loan from Kotak Mahindra Bank is straightforward. Firstly, you need to check your eligibility and gather the necessary documents, such as identity proof, address proof, income proof, and bank statements. Next, visit the nearest Kotak Mahindra Bank branch or apply online by filling out the loan application form. After submitting your application, the bank will verify your documents and evaluate your creditworthiness. Once approved, the loan amount is disbursed, typically directly to the bike dealer. You can then repay the loan through Equated Monthly Installments (EMIs) over the agreed tenure.
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