[Resolved]  Kotak Mahindra Bank — Personal loan preclosure

Address:Hyderabad, Andhra Pradesh, 500084
Website:www.kotak.com

I've a personal loan from kotak bank, and i want to pre-clouser the loan. Already, i've paid 11months emi and 2-3 days left for another emi. However, i got the homeloan sanction letter of the condition to close the amount. Now kotak people are not helping in the situation. If i get 1 delayed, then i've to pay 18% interest to the builder (5 lakhs). Please understand the problem and close the loan and provide me the loan closure letter today.

Regards
Nithin
[protected]
Was this information helpful?
No (0)
Yes (0)
Nov 7, 2016
Complaint marked as Resolved 
Kotak Mahindra Bank customer support has been notified about the posted complaint.
Verified Support
Oct 06, 2016
Kotak Mahindra Bank Customer Care's response
Hi,   We have arranged for someone to call you up on priority. Appreciate your patience ^Team Kotak
Complaint comments 

Comments

Hello,

I have a personal loan from Kotak bank from June 2015 and i want to foreclose the loan, While taking the loan it was told that there won't be any foreclosure charges after 12 months. But now they are telling that i have to pay 5% of the principal amount to foreclose it. This is not at all fare, they promise something while taking the loan and now they are torturing us. Such an unprofessional Bank and don't ever go for any kind of loan with Kotak Bank.

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit
    Kotak Mahindra Bank
    customer care contact
    Customer satisfaction rating Customer satisfaction rating is a complex algorithm that helps our users determine how good a company is at responding and resolving complaints by granting from 1 to 5 stars for each complaint and then ultimately combining them all for an overall score.
    Read more
    29%
    Complaints
    4806
    Pending
    0
    Resolved
    1326
    Kotak Mahindra Bank Address
    27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra, India - 400051
    View all Kotak Mahindra Bank contact information