My name is Lavanya. I had availed a personal loan with Kotak Mahindra, chennai. But due to personal reasons I had foreclosed the loan in the 1st month itself.
When my 1st month emi was due, inspite of having sufficient cash in my account, they said there was insufficient cash and couldnt deduct the amount and so they wanted me to pay Rs.700 as penalty and I did since it was not a huge amount after which I had fully paid the loan amount. They said I will be getting the NOC within 15 - 20 working days after that but its been 2 months till date and I have not received it inspite of calling them many times, they give me some bull shit reason.
Also, they had deducted the October months emi from my account and when i asked them they said by mistake they had done it and will send me a cheque within next 3-5 working days but that also did not come till date.
I want to take action against them. Its such a worst & fraud bank. Consumers pls be careful.