I also had a very bad experience with kotak. Guys, i would highly recommend you to not to deal with such unethical, fraud bank. When i took my loan they were agreed that after 12 month there won't be any foreclosure charges. Even they didn't mentioned in loan agreement about 5% foreclosing charges, they just only mentioned in an agreement to give one month advance foreclosing request, no other thing than that. When i called them for foreclosing of loan account they were asking for 5% penalty charges plus 18% gst. I called to same lady who assisted me during my loan approval process, but she also said the same to pay 5%+18% gst penalty charges. I had argument with her, but it was useless, instead she answered very unprofessionally. Government should take very strict action on such fraud banks. Becareful guys... Was this information helpful? | 
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