You may request for foreclosure of loan online (to submit your query/request) (OR) you may visit the nearest branch and submit the physical request (OR) you may call our Customer Contact Centre on 18602662666 (Local call rates apply) between 09:00 am to 07:00 pm from Mon to Sat excluding holidays.
Turn Around Time (TAT) for issuance of Foreclosure Statement is 10 working Days
You need to submit the full prepayment cheque at our branch at least 7 working days before your next Installment date
You can make the foreclosure payment either via DD/cheque/cash, cheque or DD in favor of "Kotak Mahindra Bank " after you receive the Foreclosure statement.
Once your foreclosure cheque is cleared your loan closure will closed in the banks records.