#1  
24th November 2018, 09:05 PM
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Details of prepayment fine under Education Loan scheme of Kotak Mahindra Bank for BBA(H) aspirant?


Hi everyone, I was searching for an education loan scheme for studying BBA(H) course. After searching I thought that applying an education loan from Kotak Mahindra Bank is fine for me as I have an account in this bank. But I am unable to understand the prepayment fine. Can I know about this particular term?




  #2  
30th November 2018, 02:15 PM
ppsahu
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Default Re: Details of prepayment fine under Education Loan scheme of Kotak Mahindra Bank for BBA(H) aspirant?

Details of prepayment fine under Education Loan scheme of Kotak Mahindra Bank for BBA(H) aspirant.

Kotak Mahindra Bank*does not charges any prepayment fine under Education Loan scheme. Prepayment Interest / Forclosure Charge are as follows;
Lock in period is for 12 months. After 12 months, bank charges 5% foreclosure charges + GST on principal outstanding.

For more details visit;
https://www.kotak.com/en/personal-ba...d-charges.html
  #3  
30th November 2018, 02:50 PM
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Posts: 4,375
Default Re: Details of prepayment fine under Education Loan scheme of Kotak Mahindra Bank for BBA(H) aspirant?

Details of Prepayment fine under education loan scheme of Kotak Mahindra Bank for BBA (H) aspirant are mentioned below :-

--> Lock in period for 12 months. After 12 months, 5% foreclosure charges + GST on principal outstanding.
  #4  
1st December 2018, 09:34 AM
ppsahu
Senior Member+++++
 
Join Date: Apr 2018
Posts: 12,628
Default Re: Details of prepayment fine under Education Loan scheme of Kotak Mahindra Bank for BBA(H) aspirant?

Kotak Mahindra Bank*does not charges any prepayment fine under Education Loan scheme. Prepayment Interest / Forclosure Charge are as follows;
Lock in period is for 12 months. After 12 months, bank charges 5% foreclosure charges + GST on principal outstanding.

For more details visit;
https://www.kotak.com/en/personal-ba...d-charges.html
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