[Resolved]  Kotak Mahindra Bank — wrong commitment regarding interest rates of the car loan..

Address:Rajkot, Gujarat

. One of the representative of kotak-mahindra bank told me that there will be interest rate of 9.5% and 2.5 lac loan amout will conclude 8125 Rs. per month as installment for 36 months, i signed the blank documents....

I dont know how to calculate the interest of 8125 Rs. results in how much interest rate???

I am planning to go to customer suraksa kendra.. what should i do????
My email id. [protected]@rediffmail.com
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Aug 13, 2020
Complaint marked as Resolved 
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Dear customer,

Our team would be more than happy to clarify the interest rate on your car loan, and the working of the EMI. We request you to write to support.[protected]@kotak.com with your loan account number. Our team will contact you once we receive this information.

Regards, Kotak Support Team

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