Kotak Mahindra Bank - Bangalore — Personal loan - people lying about interest rate - not 11.50 % - please don't go for it.

Address: 560008

I applied for the personal loan and more than 100 times I was told that the interest would be 11.50% if I do BT and apply for 15 Lakhs. I agreed and applied for it.

I got the DDs for BT and was told that the rest of the amount will be credited as soon as I close it. After I closed other bank's outstandings (Axis, HDFC) through the DD provided by Kotak mahindra bank, I got welcome kit that says 13% of interest for 15 Lakhs.

I already emailed to Service.[protected]@kotak.com and contacted all the people who suggested for this offer but there were NO response from anybody.

Please do not be surprised by this offer if you receive call from any of the below people:

Priya - [protected]
Satheesh - [protected]
Swapen - [protected]
Ravi - [protected]

I would have EASILY got the same amount for 12-12.5% from the bank who credits my salary.

SO, PLEASE PLEASE DON'T GO FOR IT. I'm 100 % SURE THAT YOU'LL NEVER GET LOAN BY THIS RATE 11.50% ..