Fees and Charges

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Charges	Applicable Amount
Smart EMI Card Charges (subject to change)	Issuance fee: Rs. 499 (Plus GST) \| Annual fee: Rs. 299 (Plus GST)
Processing Fees and Documentation Charges	Rs. 99 onwards on select products, merchants, payment mode is applicable. There are wide range of schemes with NIL processing fee for consumers.
Customer Internal Rate of Return (CIRR)	10% to 40 %
Charges for non PDC cases (per cheque) for Non Payment on due date	Rs.500/- inclusive of govt. applicable taxes
Repayment Account Swapping Charges	Rs.500/- per swap plus govt. applicable taxes
Statement of Account	Rs.500/- plus govt. applicable taxes
NACH non registration charges	Rs.500/- plus the applicable taxes per month plus govt. applicable taxes
Repayment Schedule/Account Outstanding Break up statement	Rs.250/- plus govt. applicable taxes
Cheque/NACH/EHACH/SI Dishonour charges	Rs. 750/- inclusive of applicable taxes
Penal Charges for the late Payment	8% p.a. plus govt. applicable taxes
Foreclosure charges **	4% on pending loan amount plus govt. applicable taxes
** Foreclosure can be done only after 3 EMIs are paid Early repayment / Foreclosure needs to be completed 5 days before the upcoming due date of the customer’s next EMI Part Pre Closure is not allowed

For this, you can visit the nearest store where Kotak Smart EMI has a tie up. Click here to find the store near you.

Currently there is no option available to change the EMI due date. Payment due dates are as per the schedule shared in the loan sanction letter.

Your next EMI is as per the schedule shared in your loan sanction letter.

You can view your EMI status through Kotak Mahindra Bank’s Net-banking. Please follow these steps:

The sanction letter is sent to your registered Email ID available with the bank (as mentioned by you in the application form).

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