[Resolved]  Kotak Mahindra Bank — Personal loan processed with false promises

Address:Bangalore, Karnataka, 560100
Website:www.kotak.com

I have applied for a personal loan for the amount of XXXXX.

I got call from this number [protected] (his name might be shaif) from Bangalore, Kotak branch has approached me with these promises,


1. tenure 5 years
2. processing fee 999/-
3. pre-closuring charges is 0% after one year
4. Rate of interest is 11.49/-

I have submitted all the documents to him and same got processed.

On 23-June-2016 loan amount is credited to my bank account without confirmation call or mail.

I could see the below false charges criteria.

1. processing fee 3.3%/-
2. pre-closuring charges is 5%
3. Rate of interest 12.75/-


It is very disappointing to see people behaving this way.
Account No : SPLN59884940
CRN : 97606351

I have called and lodged the complaint to kotak mahindra and complaint number is[protected].
Till now no response. Please solve this issue ASAP.
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Sep 11, 2016
Complaint marked as Resolved 
Kotak Mahindra Bank customer support has been notified about the posted complaint.
Verified Support
Aug 11, 2016
Kotak Mahindra Bank Customer Care's response
Hi Hemant! Sorry to hear that.We have forwarded your issue to our concerned department. Will get back as soon as we get any update. ^Kotak team
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