Kotak Mahindra Bank Ltd

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Gold Loan                                                                                              Toll Free no
                                                                                                            18001026022

Phone Banking Numbers

  1. Instant loan
  2. Utmost safety of your gold
  3. Minimal documentation
  4. Higher Loan to Value
  5. Easy repayment with multiple modes
  6. Applicants who are not the existing customers of Kotak Mahindra Bank can also avail this facility
  7. The gold ornaments / coins proposed to be pledged by the customer will be assessed and valued immediately, in order to arrive at the loan amount eligibility.
  8. The customer at the time of availing the gold loan facility can decide on the facility available under the product best suited to him, as well as the type of the repayment amongst the following options:

    Doc:-
    • Term Loan - Bullet (Monthly interest servicing & principal repayment at the end of the tenure)
    • For Kotak customers: Latest address proof (only if the address of the customer as updated in the bank records is different from the address stated in this application)
    • For non-Kotak customers: Identity Proof, Address Proof, Signature Proof (KYC Documents) and 3 passport size photographs
    • Term Loan - EMI (Equated Monthly Installment)

      General Schedule of Features and Charges for Loan

      LoanGold Loan
      Loan Processing ChargesUpto 2% of Loan amount
      Documentation chargesNil
      Stamping ChargesApplicable as per the respective State,s Stamp Act
      Credit Administration Charges-
      Credit Appraisal Charges-
      Commitment ChargesRs. 1250/- per quarter or 0.5% per quarter of the limit un-utilized (applicable only to Overdraft facility where average quarterly limit utilization is below 50%)
      Ove due Interest3% of Overdue Amount, compounded monthly
      Collection chargesRs. 250.0/-
      Dishonour charges per InstanceRs. 750.0/-
      Swap Charges( Replacement of PDCs)Upto Rs. 500/- per Swap per Instance
      Prepayment Interest / Forclosure charges2.5% of amount foreclosed for Overdraft & Term Loan - Bullet facility.
      3% of amount foreclosed for Term Loan - EMI facility.
      Duplicate Issue of NOCNA
      Solvency CertificateNA
      No Due CertificateNIL
      Charges for furnishing a copy of the credit information report (CIBIL) to the applicant.Rs. 50/-
      Charges applicable in case customer requests for copies of records pertaining to his transactions ( SOA / Amortization Schedule)First instance without any charge. Post that, Rs. 250/- per request.
      APAC Reschedulement-
      Part Foreclosure Charge-
      Payment Processing Charge-
      Valuation charges for used/RF vehicles-
      Repossession charges-
      Credit Adminstration charges-
      Duplicate Foreclosure statement charges-
      NOC for National Permit-
      NOC for State permit-
      NOC for change in Body type-
      Rebooking of loans (due to change in borrowing structure, change of property / Asset / Collateral etc.)-
      Change in Installment due date-
      Change in property / Asset / Collateral-
      Copy of any property/loan document-
      Asset verification charges - immovable assets-
      Legal / Incidental charges-
      NOC to convert from Private to Commercial Registration-
      NOC to convert from Commercial to Private Registration-
      Re-issuance of Pay Order-

      Disclaimer

      *Taxes as applicable
      "Blank / -" denotes that these charges are not applicable to the concerned business division

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