Kotak Mahindra Bank Personal Loan Foreclosure Charges

With repayment tenure between 12 to 60 months.

Kotak mahindra bank personal loan foreclosure charges. Click here to know more details about personal loans and apply for it online. Part pre closure is not allowed extra charges for early repayment are not applicable for no cost emi schemes. Apart from the benefits of minimal documentation and quick disbursal.

Personal loan know answers to all the personal loan faqs at kotak bank. There is a lock in period of 12 months which needs to be served by you before you request for the foreclosure. Rengaraaj sivakumar deputy manager for salaried personal loan at kandanchavadi branch.

Provide your basic details to help us know you better. 20 lakh from kotak mahindra bank to deal with various financial expenses. We value your relationship with us look forward to continuing to serve you on your personal loan and other banking requirements.

And subject to guidelines issued by rbi from time to time. Early repayment foreclosure will be charged 5 21 on the pending loan amount gst as applicable. I was confused so i called mr.

While taking the personal loan kotak loan execute said 0 is pre closure charges and 0 75 is the processing fee. Foreclosure on a loan can be done at any point of time during the tenure however foreclosure charges of 6 will be applicable if the loan is foreclosed within 12 months of loan agreement date and 5 will be applicable if the loan is foreclosed after 12 months of loan agreement date on the outstanding principal amount. The documents required to avail a personal loan from kotak mahindra bank are dependent on many different factors that detail.

Kotak mahindra bank personal loans can be availed at an attractive interest rate starting at as low as 10 75 p a. He clarified that the foreclosure charge was not applicable if i closed the account after one year of the account opening date. Get a personal loan online with kotak in 3 easy steps.