login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi
phone

Download App

Conveniently pay your EMIs, set payment reminders, view your loan details.

phone
|

Cancellation policy

mahindra-finance-author

by Mahindra Finance

|

June 22, 2023

|

1 mins read

1. The fund for investment should be received from the first holder account/joint account.

2. In case the funds are received from a third party, upon identifying the source of funds the refund will be processed in the same bank account on or before 7 working days without interest.

3. If the KYC documents are incomplete, the forms will be rejected, and the amount will be returned within 30 days without interest

4. Company reserves the rights:

i) To waive or vary the terms & conditions.

ii) To reject any application for a fresh Deposit or for renewal without assigning any reason

iii) To repay the deposit prematurely before the due date.
Acceptance, renewal, and repayment of fixed deposit shall be subject to the Non–Banking Financial Companies Acceptance of Public Deposit (Reserve Bank) Direction, 1998, as mentioned from time to time.

Related articles

Importance-of-collateral-in-SME-business-loans

Collateral Business Loans: How They Can Help Your SME Grow

Running a small or medium-sized enterprise (SME) comes with its unique set of challenges. One such challenge is securing funds to grow and sustain a business. This is where collateral business loans c...

KNOW MORE

June 17, 2024

What-to-Do-If-You-Miss-a-Car-Loan-Payment

What To Do If You Miss A Car Loan Payment?

Introduction Owning a car is a dream for many, and car loans have made it possible for people to afford their dream cars by spreading the cost over an extended period. However, life is full of uncerta...

KNOW MORE

July 5, 2024

Top 5 Government Business Loan Schemes in India

Running a business requires a constant flow of funds, just like we need the right amount of food and nutrition to survive. While banks offer business loans, the Indian government has also taken effect...

KNOW MORE

April 10, 2024