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Charges & Fees
As per Agreement Schedule- III Fees & Charges
| Dishonour charges per clearing mandate - for car loan, Top Up loans, Loan against property | 750 |
| Prepayment interest on Principal outstanding* | 5.21% + taxes |
| Issue of Duplicate copy of Agreement / Duplicate NOC / NOC for Duplicate Registration Certificate | 750 |
| Issue of Duplicate Security Deposite Receipt per Receipt | 250 |
| Cancellation of Contract (other than foreclosure and prepayment interest) at specific request of the Borrower and agree by the Lender | 2000 |
| Delayed Payment / Late Payment Charges / Compensation / Additional Finance Charges (Monthly) | 0.03 |
| Collection Charges for non PDC cases (per cheque) for non-payment on due date | 500 |
| PDC swap Charges | 500 per swap |
| Repayment Schedule / Account Outstanding Break up statement | 250 |
| LPG / CNG NOC | 2000 |
| Statement of Account | 500 |
| NOC for Interstate Transfer | 1000 |
| NOC for Commercial to personal use | 2000 |
| NOC to convert from private to commercial | 5000 (Subject to approval) |
| Legal / Collections / Incidental Charges | At Actuals |
| Repossession Charges | At Actuals + GST applicable. |
| Dishonour charges per clearing mandate - for Two Wheeler loans | 450 |
| New Car Loan (NC+PV) ROI Jan 2023 | * Min 7.70% Max 20% |
| Used Car Loan ROI for DEC 2022 | *Min 9.25 % Max 20% |
| Top Up Loan ROI for Jan 2023 | * Min 9.25% Max 25% |
| Loan Against Property ROI for Jan 2023 | * Min 8.25% Max 15% |
| Dealer Finance / Whole Sale ROI for Jan 2023 | * Min 7.50% Max 18% |
| Two Wheeler Loan ROI for Jan 2023 | * Min 9% Max 30% |
* Disclaimer: Interest rate depend on various considerations such as profile of applicant, product segment, tenure, etc. Car loan offer is from Kotak Mahindra Prime Ltd, a subsidiary of Kotak Mahindra Bank Ltd. Loans available at select locations. Loan disbursement will be subject to complete documentation and credit approval at sole discretion of Kotak Mahindra Prime Ltd. and subject to guidelines issued by RBI from time to time. T&C apply
or as mentioned in the snction letter
Taxes as applicable from time to time.
KMP may engage the services of marketing agents for the purpose of sourcing loan assets
GST