A Personal Loan statement contains the complete details of your loan's journey. It has a description of every EMI payment made, the outstanding balance, and the interest you’ve paid. It's the roadmap of your loan repayment, offering a clear view of where you stand financially with your loan.
Thanks to mobile banking apps and internet banking, accessing your Personal Loan statements has never been easier. Just go to "Loans," select your Personal Loan, and find the "Download Statement" option. Choose the period, download the PDF, and save it for your records. This is a huge convenience that brings your loan details right to your fingertips.
Downloading your Personal Loan statement is simple. With a few clicks in your online banking portal, you can have a digital copy of your statement ready to be saved, printed, or reviewed at your convenience.
Dive into your statement for a comprehensive breakdown of your loan's anatomy. It typically includes – the EMI schedule, how many EMIs are paid, how many are pending and the interest details.
Reviewing your loan statement isn't just about keeping tabs on payments; it's about verifying the accuracy of every detail. This practice is important for spotting discrepancies early and ensuring your loan record remains fault-free.
Disclaimer: This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. The Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from the Bank. The Bank, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein. Tax laws are subject to amendment from time to time. The above information is for general understanding and reference. This is not legal advice or tax advice, and users are advised to consult their tax advisors before making any decision or taking any action.
