I/we agree and understand that car loan offer is from Kotak Mahindra Prime Limited, a subsidiary of Kotak Mahindra Bank Limited, 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. Available at select locations. Kotak Mahindra Prime is not responsible or liable for the sale, quality, features and/or fulfilment of the products and services offered by the Car Manufacturer. By clicking on the links above, you are hereby giving your consent to receive call/communication from Kotak Mahindra Prime Ltd for marketing purposes through telephone/ Mobile/ SMS/ Email/whatsapp for the above mentioned product/ offer and that such consent shall prevail over any current or subsequent registration of your number in the National Do Not Call Registry.
I/we agree and understand that the disbursement of the Loan will be subject to the standard terms and conditions set out which are to be incorporated in the “Sanction Letter” and Subsequently the Agreement (“Loan Agreement”) to be executed between ourselves, together with all other terms and conditions which may be set out in the Agreement and any other documentation (including security documentation) executed or to be executed in connection with the facilities. The Transaction Documents are chargeable to stamp duty as per relevant state Stamp Act applicable.
I/we agree and understand that the Sanction is conditional and in principle, on there being no material adverse change in the financials of the Borrower.
I/we agree and understand that this Sanction letter shall stand revoked, cancelled and shall be null and void if:
• Any statement made in the loan application is found to be incorrect or untrue. • If there are material changes in the proposal for which the loan is sanctioned. • If any material; fact concerning your income, or ability to repay the loan of any other relevant information which may materially affect the proposal submitted in your loan application for the loan is withheld, suppressed, concealed or not made known to KMPL • The documents/ Transaction documents once executed supersedes sanction letter.I/we agree and understand that notwithstanding the issuance of the “Sanction Letter” and the acceptance thereof, KMPL may decide to not disburse the loan, repudiate and rescind this sanction letter unilaterally without assigning any reasons. All Documents like proof of age, residence, Income documents, to be furnished to the satisfaction of KMPL. Documents as specified by KMPL to be executed by the Borrower.