[Resolved] Kotak Mahindra Bank Car Loan — CHeated and charged very high rate of interest | |||
No Response from Kotak even after sending a e mail This refers to the loan taken from Kotak Mahindra purchase of my second hand car (Maruthi Swift - 2007 Model) from Toyota Trust, Bangalore. Car purchase was finalised for Rs. 3,70,000/-. I had made the down payment of Rs. 80,000/-. Balance amount of Rs. 2,90,000/- I had opted to take loan. As per the discussion had with Toyota Trust during the purchase of car, they had promised me to give the interest of 15% reducing or 10% Flat for the loan amount of R.s 2,90,000/- Unfortunately, the agreement copy was delivered to me very much late. But when the loan agreement was received, I was surprised to see that a flat interest charge of 20.8% was charged on me. This is pure cheating. Never expected this from a trusted company like Toyota Trust or Kotak Mahindra Prime. Request your help in resolving the issue. Loan agreement details: Kotak Mahindra Prime Agreement no: CF-6813425 Agreement date: 31/03/2011 Loan Amount: Rs. 3,03,775/- Thanks and regards, Pradeep Kumar M [protected] Was this information helpful? | |||
Aug 13, 2020 Complaint marked as Resolved | |||
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27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra, India - 400051
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