Is it possible to change my EMI date? Are there any charges applicable?

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Please Note that change of EMI Date is subject to a credit appraisal, post which charges of Rs. 5000/- + broken period interest (if any) & penal charges(if applicable) Or 0.5% of the Loan Amount + broken period interest (if any) + GST whichever is less would be applicable to process this request, 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 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) for processing the change in EMI Date is 4 working Days after all documents are completely and correctly submitted

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