Go Back   Team-BHP > BHP India > Team-BHP Reviews > Indian Car Loans & Insurance

Thread Tools Search this Thread
Old 26th October 2007, 17:35   #1
thefreak's Avatar
Join Date: Aug 2007
Location: New Delhi
Posts: 362
Thanked: 3 Times
Angry Kotak Auto Loan

Hi Guys,

Just bought off a car and used the Kotak financing machine.

Review of the same is: Bad! I expected them to be more professional.

They asked for a set of documents which were provided on time and then they just keep on coming back and asking for more papers. To top it all off their representative called up my father (as a part of the verification process) and talked rudely. Called up the manager here and blasted him off.
thefreak is offline   Reply With Quote
Old 26th October 2007, 18:58   #2
Join Date: Oct 2007
Location: chennai
Posts: 9
Thanked: 0 Times

hi freak,
i'm also planning for a car and in touch with kotak guys only.
they are giving me contradicting figures.
they say interest rate is 8.19% but the EMI amount they quote is with 14.45%.

thnx for posting ur experience here.
i think i will have to be careful with this guys.
givemered is offline   Reply With Quote
Old 26th October 2007, 19:09   #3
Firebird's Avatar
Join Date: Jul 2005
Location: Mumbai / EC1M 3NH
Posts: 470
Thanked: 61 Times

Why did you go ahead with the deal then. You should not

On the day they would have created the cheque for you...should have told them at desk...thanks for your services and without accepting should have walked off.

There are many in market hungry for business.
Firebird is offline   Reply With Quote
Old 27th October 2007, 07:30   #4
gopz's Avatar
Join Date: Apr 2007
Location: Blighty
Posts: 452
Thanked: Once

Kotak customer support is the worst. Stay away is my advice!!!
gopz is offline   Reply With Quote
Old 27th October 2007, 07:39   #5
Senior - BHPian
madan80's Avatar
Join Date: Jan 2006
Location: Santa Clara, CA
Posts: 1,357
Thanked: 73 Times

i have heard some horror stories about the same. My friends late father took a loan before he passed, now the kotak guys are saying that there is no clause for foreclosure and that his mother has to pay.
madan80 is offline   Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
The Cheap Loan or the Smart Loan - SBI Advantage Car Loan keyur Indian Car Loans & Insurance 211 29th March 2018 11:38
Loan query - is this loan deal OK (From HDFC) BenjiRoss Indian Car Loans & Insurance 100 2nd September 2010 16:51
Car Loan From Kotak for SX-4 ZXI through CSD AshokSawhney Indian Car Loans & Insurance 15 22nd February 2010 16:23
Car loan SBI or Kotak ? SX4_2007 Indian Car Loans & Insurance 29 28th December 2009 14:26
Car Loan from Kotak - Please advice yenom Indian Car Loans & Insurance 8 8th August 2007 11:26

All times are GMT +5.5. The time now is 08:25.

Copyright ©2000 - 2018, Team-BHP.com
Proudly powered by E2E Networks