Swapping of EMI Date

  • Please Note that change of EMI Date can be made at a charge of Rs 5000/- + applicable GST. However, any change  is subject to a credit appraisal. Any broken period interest (if any) & penal charges (if applicable) will also be additionally applicable, if the case is approved
  • You would also need to resubmit revised CTS-Post Dated Cheques as per your applicable SI/NACH mode of payment
  • A request can be logged in by visiting the  nearest Kotak Retail Asset Branch from Monday to Friday between 10 am to 5 pm & submitting  your last 6 months Bank statement, request letter & valid signature proof and self attested Identity proofs to our service officer
  • Once banks internal credit approval is received,  we would send the rescheduling proposal to your registered address. You would need to submit the rescheduling proposal signed by borrower to the loan.
  • Turn Around Time (TAT) for processing the change in EMI Date is 4 working Days after all documents are completely and correctly submitted
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