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Kotak Mahindra Prime Limited will be Tesla's first financer in India. Customers can know finance options from Tesla's website and app. KMPL 24 states have a major car financer with 161 branches.
Highlights
- Kotak became the first financer of Mahindra Prime Limited Tesla.
- The EMI of Tesla Model Y will be Rs 85,259.
- You can know finance options from Tesla's website.
24 states, 161 branches
KMPL is a subsidiary of Kotak Mahindra Bank, who has been a major player in India's car finance market since 1996. The company started giving two-wheeler loans in 2018 and in 2022, the company started offering loan agent property. Currently, the bank has 161 branches in 24 states and KMPL is associated as a financer with many automobile brands.
The KMPL offers finance service for new and used passenger cars and for two-wheelers, as well as the wholesale finance option to auto dealers is also offered by Kotak Mahindra. Apart from this, it also offers loan service against residential and commercial properties.
Monthly EMI and downpayment for Tesla
Tesla's mid range base model is currently available at the price of Rs 61.07 lakh (on-road, Mumbai). If you choose the option to buy it on EMI, then your monthly EMI will be around Rs 85,259 – Down payment of Rs 20 lakh, 5 -year loan tenure and 9% interest rate, it has been calculated, which is quite standard. Tesla's website, you can also customize your loan so that you can choose an EMI plan according to your need.