Kotak Mahindra Bank — cheated on personal loan

Address:	Pune, Maharashtra, 411020
Website:	www.kotak.com

I am Bhaumik Desai. MY kotak loan number is :SPLN60506955. I had applied for personal loan from KOTAK on August 2017. I was wanted to get PL of 2.5lac. they asked me to do balance transfer from my 11.69 ROI loan to kotak, Doing that they will give additional 2.5lac. I asked multiple time for ROI but they said I will get to know it before disbursal. After blocking me to apply to other bank they approved only 60k after 20 days they offered me the loan with higher interest and made me helpless to agree for that Higher rate. Also the rate of interest which was acknowledged in mail was 12.99 and they gave me a loan at higher rate 13.1630%. LOAN which I balance transferred was of 11.69%

For their benefits they opened my account in KOTAK bank. They will link all account and without intimating they will block your money which can cause your EMI bounce which will lead your CIBIL downwards. When you call to the bank they will make stories and round and round talks.

Also they sent credit-card to me without my knowledge. They misused my documents.

I must say don't apply for any kind of service from KOTAK. They are frauds. Even employees of KOTAK banks agree that they don't have clarity in their products they are completely frauds. By using their products one day you might get defaulter or your CIBIL will go downwards.

Thanks,
Bhaumik
[protected]