Kotak Mahindra Bank is an Indian bank and financial service firm established in 1985. Kotak Mahindra is one of India's leading banking and financial services organizations, offering a wide range of financial services that encompass every sphere of life. From commercial banking, to stock broking, to mutual funds, to life insurance, to investment banking, the group caters to the diverse financial needs of individuals and corporate sector.
Service type | Interest rate |
---|---|
Interest rate | 15% to 24% |
Loan Processing charges | Up to 3.00% of loan amount |
Documentation Charges | Up to Rs. 5000 |
Credit Administration Charges | Up to 5% of the Loan amount, not exceeding Rs. 7500 |
Overdue Interest | 3% of Overdue Amount, compounded monthly |
Collection charges of Agreement / Documents | 30% of penal and cheque bouncing charges |
Prepayment Interest / Forclosure charges | 6%,if within 6 months of the date of Agreement, 5% after 6 months |
Duplicate Issue of NOC | Rs. 500/- |
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