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
|

Disbursement of Loans, including changes in terms & conditions

mahindra-finance-author

by Mahindra Finance

|

June 24, 2023

|

1 mins read

  • AAny change in terms of Conditions like change in interest rate, tenure, all charges/fees would be communicated to the borrower in writing in the vernacular language or a language as understood by the borrower. Any changes in interest rates and charges will be effective only prospectively.
  • Any decision to recall, accelerate payment would be communicated to the borrower in writing as per the terms of the agreement.
  • No Due Certificate shall be issued on recovery of all dues. Collateral, if any, will be released along with the No Due Certificate. Any collateral taken to guarantee the performance of contract will be duly acknowledged and kept in safe custody.

Related articles

The Benefits Of Pre Approved Car Loans

Getting Started Are you in the market for a new car? Buying a car is an exciting experience, but it can also be overwhelming, especially when it comes to arranging financing. However, with a pre appro...

KNOW MORE

May 8, 2024

Difference Between Cumulative and Non-Cumulative FD Interest

One of safest and most sought-after investment instruments in the market today, Fixed Deposits (FDs) offer guaranteed returns, while also helping you meet your financial goals. FDs can be categorised ...

KNOW MORE

June 29, 2023

Mastering Financial Planning: A Guide To Using FD Calculators Effectively

Why use an FD interest rate calculator? Financial planning helps to secure our future and achieve our financial goals. One popular investment tool that can help us in this endeavour is a Fixed Deposit...

KNOW MORE

March 4, 2024