Terms and Conditions

  • I/We agree that the loan offer approved is indicative and subject to change. The final offer will be at the sole discretion of Kotak Mahindra Bank Ltd.

  • I/We agree that the interest rate and processing fees are subject to change without prior notice.

  • I/We confirm that the funds shall be used for the stated purpose and will not be used for speculative or antisocial purpose.

  • I/We confirm that we have not taken any loan from any other bank/finance company unless specifically declared by me/us.

  • I/We authorize Kotak Bank to make any enquiries regarding my application.

  • I/We authorize Kotak Bank to make any enquiries with any other finance company/bank/registered credit bureau regarding my credit history with them & also authorize Kotak Bank to provide details of my credit history to any other bank/finance company/registered credit bureau.

  • Loan processing fees maximum 2%+GST of loan amount.

  • Cheque bounce charges: Rs.750+GST per instrument per instance.

  • There will be a lock-in period of 12 months.

  • Credit Administration Charges up-to Rs.7500/-.

  • Loan cancellation charges: Rs.2500/- per agreement within 60 days.

  • A GST will be levied, as per the State Government regulations.

  • Swap charges: Rs.500+GST per swap per instance.

  • Kotak Mahindra Bank is authorized to levy other charges as per policy.

  • Credit shield against loan.

  • Other charges as applicable.

  • I agree and acknowledge that only direct telephone numbers (not board / general telephone numbers of offices / corporates / employers) will be accepted for registration of "Do Not Call". I am aware that post application, I / We may receive a call from the Bank to verify the correctness of the request for application.