How To Download WORK Kotak Loan Statement
Selene Bulger
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Kotak Mahindra Bank Home Loan Balance Transfer provides loan amounts up to 90% value of the property. Home loan available as overdraft. No prepayment penalties and no hidden charges. Maximum tenure is up to 20 years. Apply now on CreditMantri!
Buying a home is one of the biggest decision a person makes in their life. It continues to be a costly affair which one cannot pay with a single down payment due to the cost of houses being very high. It is for this purpose people opt for home loans using which they can get their dream home and repay the money borrowed in the form of monthly instalments or EMIs.
Now if an individual had done their due diligence and research before applying for the loan they would have the best home loan deal and will pay the loan according to the plan and will not think twice about it. But what if a person had not done proper due diligence or research before applying for a home loan and later come to know of better loan offers like what Kotak Mahindra Bank offer, what can they do? This is where home loan balance transfer comes in handy.
Standing Instruction (SI) is the best way to repay your home loans if you are an existing account holder with Kotak Mahindra Bank. Your EMI amount will be debited automatically at the end of the monthly cycle from the Kotak Mahindra Bank account you specify. Then there is the option of Electronic Clearing Service (ECS) which can be used if you have a non-Kotak Mahindra Bank account and would like your EMIs to be debited automatically at the end of the monthly cycle from this account. Lastly there is the Post-Dated Cheques (PDCs) using which you can submit post-dated EMI cheques from a non-Kotak Mahindra Bank account at your nearest Kotak Mahindra Bank Loan Centre. A fresh set of PDCs will have to be submitted in a timely manner. Please note Post Dated Cheques will be collected non-ECS locations only.
Before a person applies for an Kotak Mahindra Bank Home loan balance transfer it is best to do an eligibility check which is available on the Kotak Mahindra Bank website and at CreditMantri.com This way your credit score will not be affected as the bank will only soft pull your credit score and compares with other internal criteria to make sure you are eligible.
The importance of this is that customers will know how much EMI is remaining and how much they will have to pay for the rest of the home loan if they transfer to Kotak Mahindra Bank. This helps them to decide if they should do balance transfer.
You need to apply for a home loan balance transfer with Kotak Mahindra Bank. Once your application is approved, you need to provide the existing bank with a letter stating that you want to close the loan and transfer it to Kotak Mahindra Bank. Once the existing bank accepts, Kotak Mahindra Bank will pay your current lender bank the outstanding home loan amount and the balance to be paid with Kotak Mahindra Bank.
Kotak Mahindra Bank offers home loans to retail customers. You can choose the right home loan scheme for you by matching the loan features with your requirements. In this article, we will cover all possible questions related to Kotak Mahindra Bank home loans.
If you apply for Kotak Mahindra Bank Home Loan, the repayment process will continue till the end of the tenure. Once you start paying the loan amount and a few months pass by, you may not be able to keep the track of Kotak Mahindra Bank Home Loan repayment. That is when a home loan statement comes into the picture.
If you want to get a mini statement from Kotak Mahindra Bank, you can give a missed call on 1800-274-0110 using your registered mobile number. The call will automatically get disconnected, and you will receive an SMS with all the details of your recent transactions.
If you wish to know about your outstanding home loan amount from Kotak Mahindra Bank, you will have to either download the home loan statement from the official website of the bank or may have to visit the nearest branch of the bank.
Disclaimer: The information available on this site has been gathered from publicly available sources and is accurate to the best of our knowledge. However, please be aware that the rates and other offers may vary based on your profile and may be subject to change without notice. Therefore, we advise you to verify the information before applying for any loan through this website. Magicbricks accepts no liability for any loss arising from the use of the information on this website. Refer T&C for the detail.
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