Kotak Mahindra Finance Ltd

Security Deposit Scheme
This scheme works like any other scheme except that one can pay a refundable security deposit at the time of taking the loan. While the monthly instalments are being paid the security deposit also earns interest. This has the advantage of reducing the EMI’s marginally.

An example:
Vehicle Value = Rs 300,000 Amount to be financed = 100 per cent of Asset Value Tenure = 36 months. If a 20-per cent security deposit (Rs 60,000) is paid at 14 per cent interest compounded annually the EMI would be Rs 9,360. At the end of the tenure the borrower would receive Rs 88,936 as the refundable security deposit (inclusive of the interest).

Security Deposit scheme with 2.29 per cent net flat rate
Avail of 100 per cent finance with a 35 per cent Security Deposit. Your deposit earns a return of 14 per cent interest, compounded annually which results in a net flat rate of only 2.29 per cent and a net cash outflow of only 6,880 per lakh for 3 years

Balloon payment scheme
Pay only Rs 3,330 per lakh for 35 EMIs and a final instalment of Rs 13,330 per lakh which means an effective lower instalment per month. The EMI and final instalment can be adjusted depending on the initial payment by you towards margin.

Bullet payment scheme
These schemes allow you to make a lump-sum payment at the end of each year suitably adjusted to match your cash flows. This will enable payment of lower monthly instalments depending on initial payment towards margin and the annual payment.

Margin Money Scheme
If you are not keen on 100 per cent finance then we part finance the scheme up to 75 per cent or even 85 per cent for certain models. The rest can be paid at your convenience. You can repay the loan either through Equated Monthly Instalments or a differential plan that we can tailor for you based on your cash flow needs. Example: Vehicle Value = Rs 300,000 Amount financed = 80 per cent of Asset Value (= Rs 240,000) Tenure = 36 months. If EMI was Rs 10,000 for 100 per cent financing then it would now be Rs 8,000 for 80 per cent financing.

Advanced Equated Monthly Instalments Scheme
If you want you can pay a few monthly instalments up front. The balance is payable through Equal Monthly Instalments. With the advance instalments you can repay your loan much faster. Example: Vehicle Value = Rs 300,000 Amount financed = 100 per cent of Asset Value Tenure = 36 months. If EMI is Rs 10,000 and 2 EMI's are paid in advance, then the effective tenure of the loan becomes 34 months.