Kotak Mahindra Bank — Kotak Pay Day Loan Scam

BEWARE! Kotak's Pay Day Loan is a company scam.

If your salary pay day is on the last day of the month, the repayment is auto-scheduled for 5 days before your pay day. THIS AFFECTS YOUR CIBIL SCORE.

If you take this loan on March 20th, repayment will be on March 26th before your pay day, and not on March 31st.

In the name of Pay Day Loan, Kotak is cheating and misguiding people to take a micro loan that is payable before your pay day.
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Kotak Mahindra Bank customer support has been notified about the posted complaint.
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Hi! We are sorry to know that you are facing some issues. We want to make things right here. Please drop us an email at Social.[protected]@kotak.com elaborating on the concern and your CRN or contact details. We assure you that we shall do whatever it takes to fix this. ^Team Kotak

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