Swapping of Repayment Mode

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Please note that change of repayment mode is subject to a credit appraisal. If approved by Bank’s internal credit, charges would be applicable to process this request as per TAT. You would also need to resubmit revised CTS-Post Dated Cheques and signed NACH / Standing Instruction mandate form as per your applicable Standing Instruction/NACH mode of payment

In case you are swapping to a Standing Instruction mode the swap charges will not be applicable

To submit the request, you may visit our nearest Kotak Retail Assets branch (List of Kotak Loan Branches). Along with your last 3 months Bank statement of new bank account, request letter & valid signature Identity proof.

Please Note that change of EMI Date is subject to a credit appraisal, post which applicable charges + broken period interest (if any) & penal charges(if applicable)+ broken period interest (if any) + GST will be applicable, if approved.

You would also need to resubmit revised CTS-Post Dated Cheques as per your applicable SI/NACH mode of payment

To get the same processed you can walk into your nearest Kotak Retail Asset Branch: https://www.kotak.com/en/customer-service/contact-us/email-us/kotak-loan/home-loan-branch-customer-care.html from Monday to Friday between 10 am to 5 pm & submit your last 6 months Bank statement, request letter & valid signature Identity self-attested proofs to our service officer

Once banks internal credit approval is received we will be sending the rescheduling proposal to your registered address. You need to submit the rescheduling proposal signed by borrower to the loan.

Turn Around Time (TAT) applicable as per the request for processing the change in EMI Date after all documents are completely and correctly submitted.

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