Kotak Mahindra Bank Personal Loan Interest rates in Rajamundry
Up To 50,000 | 50,000 Above | |
---|---|---|
Others | 24.00% | 24.00% |
Salaried | 10.99% | 11.50% |
Self Employed Professional | 14.50% | 14.00% |
Features of Kotak Mahindra Bank Personal Loan Rajamundry
Type | Features |
---|---|
Processing Fee | 2.5% |
Pre Closure Charges | Nil |
Part Payment Charges | Allowed |
Min Tenure | 1 Years |
Max Tenure | 5 Years |
Min Age | 21 Years |
Max Age | 58 Years |
Min Loan Amount | Rs.50,000/- |
Max Loan Amount | Rs.15,00,000/- |
Kotak Mahindra Bank Personal Loan Rajamundry Charges
Type | Charges |
---|---|
E M I Bounce Charges | Rs. 750/- |
Duplicate Statement Charges | Rs. 250/- |
Cheque Swapping Charges | Upto Rs. 500 |
Issue Amortization Schedule Duplicate | Rs. 250/- |
Photocopy Documents | Rs. 500/- |
Default Interest Rate | 3% on Overdue Amount |
Documentation For Personal Loan
For Salaried Persons
- Filled Application form
- Identity Proof (PAN CARD)
- Address Proof
- Latest 3 months Payslips
- Job Continuity Proof
- 2 Passport Size colour Photographs
- Co-Applicant identity proof, Address Proof
- Co-Applicant relationship Proof and Photograph
- 6 months Bank Statements
- 3 Post Dated Cheques/ECS Mandate
- Property Related documents
For Self Employed/Professionals
- Filled Application form
- Identity Proof
- Address Proof
- Last 2 years Income Tax Returns
- Professional/Self employed existence proof for more than 3 years
- 2 Passport Size colour Photographs
- Co-Applicant identity proof, Address Proof
- Co-Applicant relationship Proof and Photograph
- 6 months Bank Statements
- 3 Post Dated Cheques/ECS Mandate
- Property Related documents
Identity Proof For Personal Loan
- Passport
- Driving License
- PAN card
- Photo credit card (with embossed Signature and last two months statement)
- Banker's sign verification
Age Proof For Personal Loan
- PAN Card
- Passport
- License
- School leaving certificate
- Voter card
- Birth Certificate
- LIC policy (only for age Proof)
Income Proof For Personal Loan
- Latest salary slip
- Current dated salary Certificate with latest form 16.
- Latest year IT Returns with Tax Audit reports(For Self Employed applicants)
Address Proof For Personal Loan
- Latest salary slip
- Current dated salary Certificate with latest form 16.
- Latest year IT Returns with Tax Audit reports(For Self Employed applicants)
Job Continuity Proof For Personal Loan
- Form 16
- Relieving letter
- Appointment Letter (for last two months)
- Last 6 months of VAT/Service Tax returns (For Self Employed Applicants)
Banking History For Personal Loan
- Bank statements of latest 2 months
- 3 months bank passbook
Kotak Mahindra Bank Personal Loan FAQ's
When can I foreclose the loan? What is the procedure for full prepayment?
"Kotak Mahindra Bank do not allow prepayments for a period of 12 months from the date of your first EMI. 30 days foreclosure intimation period is mandatory. You need to inform us in writing or via email about your request for full prepayment. Once your intimation period is complete, the foreclosure statement of your loan will be issued to you from our end. You need to submit this full prepayment cheque at our branch at least 7 working days before your next EMI date. You can make the foreclosure payment either via DD/cheque/cash, cheque or DD in favor of ""Kotak Mahindra Bank "" after the intimation period is over. Once your foreclosure cheque is cleared your loan closure will happen in the banks records. Kotak Mahindra Bank will send the No Objection Certificate (NOC) and the balance Post Dated Cheque's (if any) to your correspondence address within 15 working days post termination of your loan account. After 12 months + 1 month intimation period the foreclosure charges applicable would be 5% + service tax on principal outstanding. "
What is the procedure for part prepayment?
Kotak Mahindra Bank do not offer a part prepayment facility on your personal loan account.
Is it possible to change my Installment date? Are there any charges applicable?
"Yes, it is possible to change the Installment date. The dates available are 5th and 10th .Changing of EMI date will attract rescheduling charges and PDC Swap charges* per instance plus applicable service tax. You would need to provide a written request mentioning the reason for the EMI date change and send the rescheduling charges to us 7 working days pre / 7 working days post the EMI date. "
When can I swap my PDC's and what are the charges?
PDC's need to be swapped at least 7 working days pre / 7 working days post the Installment date. Charges* applicable would be Rs.500/- per instance plus applicable service tax.
What do I need to do, incase I want to opt for an ECS mode for making my Installment payments instead of PDC?
"You would need to sign an ECS Mandate form. ECS Form One security cheque to be drawn in favor of 'Kotak Mahindra Bank '.This cheque needs to be undated and blank, at the bottom it needs to mention 'Not more than the loan amount' Six security cheques to be drawn in favor of 'Kotak Mahindra Bank '.This cheque needs to be undated and blank at the bottom, it needs to mention 'Not more than three times the EMI amount' PDC swap charges* will be applicable Rs. 500/- per instance plus applicable service tax. "
How can I get my Statement of Account?
You can download your statement of account for free
How can I get my new address updated on my loan?
"You would need to send a written request letter to our customer care department informing the change in correspondence address. You would need to enclose the photocopy proof of your new address. For example: An electricity bill/passport copy/ration card etc. The new address will be updated in the bank's records within 2 working days, post submission of the above mentioned documents "
How can I get my Repayment Schedule?
"You can download your Repayment Schedule for Free Click here to view and download. Should you need the bank to send you a copy, you can place a request via phone or an email or letter or walkin to our customer care branches. The Repayment Schedule will be sent to you within two working days at your correspondence address. "
How can I reschedule or postpone my EMI?
Reschedulement or postponement of EMI is not possible on your personal loan account.
When will I receive No Objection Certificate?
"In case if your Loan is matured, you need to send us a request for NOC via letter / email. NOC will be issued to you 15 working days post termination of the loan in our system (provided there is no penal outstanding). In case if your loan is foreclosed, NOC will be issued to you 15 working days post termination of the loan in our system (provided there is no penal outstanding). In case you have availed Top up loan, NOC on the old loan which is being foreclosed will be issued to you 15 working days post termination of the loan in our system (provided there is no penal outstanding). "
I want to know the break up and calculation of the loan amount cheque given to me.
"You can place a request via phone, email, letter or walk-in at any of our branches. The loan interpretation will be couriered to you at your correspondence address within 4 working days. "
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About Rajamundry
Rajahmundry, originally known as Rajamahendri, is better known as the ‘cultural capital and born city’ of Andhra Pradesh, this is one of the major cities in the Indian state of Andhra Pradesh. It is located on the banks of the Godavari River, in East Godavari district of the state.
This is probably due to the fact that the Telugu language originated here. Poet Nannayya gave Telugu a script here which made it a language. It is the birth place of poet Nannayya, who is also called the first poet of Telugu. Earlier a part of Chennai , the city has River Godavari to its west. It is believed that the Chalukyas were the earliest rulers of the place. Rajaraja Narendra was a Chalukya king who ruled the city during the 11th century.
Places To Be Visited In Rajamundry
DOWLESWARAM BARRAGE
At a distance of 10 km from Rajahmundry Railway Station, Dowleswaram Barrage is an irrigation structure which is built at Dowleswaram, on the lower stretch of the Godavari River before it empties into the Bay of Bengal. The barrage was built by a British irrigation engineer, Sir Arthur Thomas Cotton.
Sir Arthur Cotton Museum
Constructed in 1988, this museum is dedicated to the memory of Sir Arthur Cotton who was the mastermind behind the transformation for the ferocious Godavari river into a tame force useful for irrigation and water supply. He is popularly known as the 'Delta Architect' of the Godavari district. the museum chronicles his work through pictures.
DRAKSHARAMAM
This temple was constructed by the East Chalukyan king during 9th century. The temple also consists one of the Shakti Peethas called Sri Manikyamba. The speciality of this Shiva Lingam in this temple is that, the early morning tender Sun light falls on the Linga. There are nearly 800 ancient scripts on the walls of the temple. The celebrations in this temple were started during 14th century in the period of Reddy Kings. Shiva Lingam is nearly 9 ft height and the top part is seen at the first floor.
Pattiseema
Pattiseema, is a beautiful place located on the banks of river Godavari in West Godavari district of Andhra Pradesh. It is situated between Rajahmundry and Papikondalu and can be reached by road and boat from Rajahmundry. There are two temples in Pattisam, Sri Veerabhadra Swamy, dedicated to Lord Shiva and Sri Bhava Narayana Swamy dedicated to Lord Vishnu. This temple is one of the Panchakasi Kshetras.
Godavari Bund(Bridge)
Built over a sea, it is the second largest road cum rail bridge in the country. It is also the second of the 3 bridges that span across the Godavari River.
Goutami Ghat
Goutami Ghat is one of the premier recreational places in Rajahmundry, it houses ISKCON Temple, Riverbay Resorts and Water park, Ayyappa Temple, Kailash Bhoomi.