Kotak Mahindra — Unfair practice

Address:

Lucknow, Uttar Pradesh

I have taken car loan from Kotak prime vide Loan agreement No- CF-9517945 dt. 17th August 13. Due to some reason I had decided to pre pay the loan. It was informed by the customer care that I have to pay 6% prepayment charges on outstanding loan amount. This is really surprising. Now a days most of the banks are not charging any prepayment on car loan and kotak is charging such a huge charges for prepayment. I have requested several kotak official to help me for waiver however they showed their inability to do so. I will suggest not to deal with such unfair company.