Kotak Mahindra Bank
Home Loan - Take over - Reg
- 12-25-2008
- 345
Dear Sir
I have availed Home loan from Kotak Mahindra Bank in Sep. Initially they charged 11.75% as interest rate and then within two months it was raised to 12.75% from October on wards it was raised to 13.75%. Looking the jet raise in the Rate of interest, i have decided to shift the home loan to State Bank of India. I have approached them and got green signal for take over. But the Kotak mahindra bank has refused to show the original document for review of SBI legal advisers. Now i have left with no choice. I don't know why the bank is behaving so badly. When i have asked for the documents they replied that "there are no hard and fast rule to show the documents". Kindly suggest me what measure i have to take.
Regards
Pushpanathan
Company: Kotak Mahindra Bank
Country: India