Kotak Mahindra Bank Personal Loan Close कैसे करें ? (Step by Step Guide — Hindi + English)
Need to close your Kotak Mahindra Bank personal loan? Explore our detailed guide for a seamless closure experience and ensure all steps are followed correctly.
Kotak Personal Loan को Early Close क्यों करें? (बंद करने के कारण)
- EMI का बोझ खत्म करने के लिए
- Interest में बचत करके पैसों की बचत करने के लिए
- नया loan लेने की planning या better financial control के लिए
- CIBIL score को improve करने के लिए (समय पर बंद होने पर)
Step-by-Step Process to Close Kotak Mahindra Bank Personal Loan / Kotak Personal Loan Close करने की प्रक्रिया
1. Check Outstanding Loan Amount / बकाया राशि चेक करें
Login to Kotak Net Banking/Mobile Banking or visit branch to get the final outstanding amount — this includes principal, interest, foreclosure charges and applicable GST.
2. Raise a Foreclosure Request / Foreclosure Request डालें
You can raise a foreclosure request at the branch or by calling Kotak customer care. Branch visit helps to get the exact Foreclosure Letter with amount and due date.
3. Make the Payment / भुगतान करें
Pay via cheque, NEFT/RTGS, net-banking or from your Kotak account as per the Foreclosure Letter instructions.
4. Collect NOC & Loan Closure Letter / NOC और Closure Letter लें
After payment, ensure you collect the NOC (No Objection Certificate) and the Loan Closure Letter. Keep these safe for future proof and CIBIL disputes.
Required Documents / आवश्यक दस्तावेज़
- Loan Account Number
- Aadhaar / PAN card (ID proof)
- Payment receipt / bank transfer proof (after foreclosure payment)
- Any foreclosure request form (if applicable)
Foreclosure Charges / चार्जेस
Kotak typically charges between 4% to 5% of the outstanding principal + GST as foreclosure fees — exact amount is mentioned in your loan agreement. Also check for any lock-in period (usually 6–12 months). Kotak
CIBIL Update
Usually it takes 30–45 days for the bank to update your loan status to “Closed” in CIBIL. If not updated after 45 days, contact the bank and share your NOC & closure letter.
Benefits of Closing the Loan / लाभ
- No more EMI burden / EMI से छुटकारा
- Interest savings / ब्याज की बचत
- Improved credit profile / बेहतर CIBIL
- Financial freedom / मानसिक शांति
FAQs — Frequently Asked Questions
- Q1. क्या मैं Kotak personal loan कभी भी close कर सकता हूँ?
- A1: नहीं — आम तौर पर loan agreement में lock-in period लिखा होता है (6–12 महीने)। उसके बाद ही pre-close/foreclose करना संभव है।
- Q2. Loan बंद होने के बाद CIBIL में कितना समय लगता है?
- A2: लगभग 30–45 दिनों में CIBIL में status “Closed” दिखने लगता है।
- Q3. क्या मैं online foreclosure request कर सकता हूँ?
- A3: Request online डाल सकते हैं, पर payment और NOC लेने के लिए branch visit ज़रुरी हो सकता है — bank policy पर depend करता है।
Conclusion / निष्कर्ष
Closing a Kotak Mahindra personal loan is straightforward: check the outstanding, request foreclosure, pay the stated amount including charges, and collect your NOC & closure letter. Always verify CIBIL update after 30–45 days.
