Kotak Bank merchant loan payment
Kotak Mahindra Bank, established in 1985 and headquartered in Mumbai, is a leading Indian financial institution known for its comprehensive range of banking and financial services. Originally founded as a non-banking financial company, it transformed into a bank in 2003 after receiving a banking license from the Reserve Bank of India. The bank operates through various segments, including consumer banking, corporate banking, and commercial banking, serving a diverse clientele across urban and rural areas. With over 1,700 branches and nearly 3,000 ATMs nationwide, Kotak Mahindra Bank emphasises innovation and customer-centric solutions, leveraging technology to enhance user experience. Its offerings include personal loans, commercial loans, investment products, and digital banking services, making it one of the fastest-growing banks in India.
Repaying your Kotak Bank Merchant Loan is hassle-free with multiple payment modes, including online and offline methods.
Bajaj Pay, the BBPS platform from Bajaj Finserv, makes loan repayments seamless and efficient. With this platform, you can view, pay, and download your loan repayment receipt with just a few clicks. Bajaj Pay also supports payments for various other financial obligations, allowing you to streamline multiple payments in one place.
2. Go to payments: Select "BILLS AND RECHARGES" from the menu.
3. Select loan repayment: Click on "LOAN REPAYMENT" under financial services.
4. Choose Kotak Bank merchant loan: Pick "Kotak Bank merchant loan" from the lender list.
5. Enter loan details: Provide your loan account number and click "FETCH YOUR BILL."
6. Select payment option: Choose a payment mode like UPI, net banking, or debit card.
7. Confirm and pay: Verify the payment details and click "PAY NOW."
8. Receive confirmation: You will receive a confirmation via SMS or email after a successful payment.
2. Log in and navigate to the "BILLS AND RECHARGES" section.
3. Select "LOAN REPAYMENT" and choose "IndusInd Bank merchant loan" from the lender list.
4. Enter your loan details and fetch your bill.
5. Choose your payment method, verify the details, and click "PAY NOW."
6. You will receive a confirmation message on your registered mobile or email.
Repaying your Kotak Bank Merchant Loan is hassle-free with multiple payment modes, including online and offline methods.
Bajaj Pay, the BBPS platform from Bajaj Finserv, makes loan repayments seamless and efficient. With this platform, you can view, pay, and download your loan repayment receipt with just a few clicks. Bajaj Pay also supports payments for various other financial obligations, allowing you to streamline multiple payments in one place.
How to repay your Kotak Bank merchant loan via Bajaj Finserv Website
1. Visit the Bajaj Finserv website: Open the Bajaj Finserv homepage.2. Go to payments: Select "BILLS AND RECHARGES" from the menu.
3. Select loan repayment: Click on "LOAN REPAYMENT" under financial services.
4. Choose Kotak Bank merchant loan: Pick "Kotak Bank merchant loan" from the lender list.
5. Enter loan details: Provide your loan account number and click "FETCH YOUR BILL."
6. Select payment option: Choose a payment mode like UPI, net banking, or debit card.
7. Confirm and pay: Verify the payment details and click "PAY NOW."
8. Receive confirmation: You will receive a confirmation via SMS or email after a successful payment.
How to repay your Kotak Bank merchant loan via Bajaj Finserv App
1. Download the Bajaj Finserv app from the Play Store or App Store.2. Log in and navigate to the "BILLS AND RECHARGES" section.
3. Select "LOAN REPAYMENT" and choose "IndusInd Bank merchant loan" from the lender list.
4. Enter your loan details and fetch your bill.
5. Choose your payment method, verify the details, and click "PAY NOW."
6. You will receive a confirmation message on your registered mobile or email.
Payment via Internet banking and debit card
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Internet banking:
Log in to your bank’s net banking portal.
Navigate to "LOAN REPAYMENT" and choose IndusInd Bank merchant loan.
Enter the loan details and complete the transaction.
Debit card:
Visit the IndusInd Bank portal, select "DEBIT CARD PAYMENT," and provide card details to complete the payment.
Both methods ensure secure and instant payments.Benefits of downloading Kotak Bank loan payment receipts online
Instant access: Receipts are available immediately after payment.
Digital records: Easily maintain an organised history of payments.
Eco-friendly: Save paper by opting for digital records.
Convenience: Download receipts anytime via the website or app.
To download, log in to your Kotak bank account and access the "TRANSACTION HISTORY" section.Late payment penalties and policies
Missing payments can lead to:
Late fees: Additional charges for overdue EMIs.
Penalty interest: Extra interest on the pending amount.
Credit score impact: Negative effect on your credit rating.
If a delay is anticipated, contact Kotak Bank for support.Contact Kotak Bank merchant loan support
For assistance with repayment, contact Kotak Bank customer care:
Customer care number: 18602662666
The support team is ready to assist with repayment concerns.Fees and charges
Depending on the transaction amount and payment mode, a convenience fee of up to 2% (inclusive of applicable taxes) will be charged. For more information on fees and charges, click here.
Note: For failed transactions, the total amount, including charges except taxes, is reversed.Conclusion
Kotak Bank ensures easy repayment options for merchant loans through auto-debit, online payments, and Bajaj Finserv platforms. Timely repayments help you maintain financial stability and a good credit score.
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Bajaj Finserv App for All Your Financial Needs and Goals
Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.
You can use the Bajaj Finserv App to:
Apply for loans online, such as Instant Personal Loan, Home Loan, Business loan, Gold Loan, and more.
Explore and apply for co-branded credit cards online.
Invest in fixed deposits and mutual funds on the app.
Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
Shop from over 100+ brand partners that offer a diverse range of products and services.
Use specialised tools like EMI calculators, SIP Calculators
Check your credit score, download loan statements and even get quick customer support—all on the app.
Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.
You can use the Bajaj Finserv App to:
Apply for loans online, such as Instant Personal Loan, Home Loan, Business loan, Gold Loan, and more.
Explore and apply for co-branded credit cards online.
Invest in fixed deposits and mutual funds on the app.
Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
Shop from over 100+ brand partners that offer a diverse range of products and services.
Use specialised tools like EMI calculators, SIP Calculators
Check your credit score, download loan statements and even get quick customer support—all on the app.
Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.
Frequently asked questions
Can I make a partial prepayment for my Kotak Bank Merchant Loan?
Yes, partial prepayments are allowed. Check prepayment charges before proceeding.
What happens if I miss an EMI payment?
Missed payments attract late fees, penalty interest, and can impact your credit score negatively.
How do I check my repayment history?
Log in to your Kotak Bank account and view the "Transaction History" section.
How can I download my payment receipt?
Log in to your Kotak Bank account, go to "Transaction History," and download the receipt.
What should I do if my payment fails?
Failed payments are reversed automatically. Check your balance and retry.
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