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

Should-you-opt-for-a-used-car-loan

Should You Opt For A Used Car Loan? Complete Guide

From rural villages to semi-urban towns, owning a car has become a necessity for many Indians. However, purchasing a brand-new vehicle may not always be financially feasible. This is where used car lo...

KNOW MORE

September 12, 2024

The Inflation Challenge: Strategies For Maximizing Fixed Deposit Returns

Inflation is a force that affects every aspect of our lives, including our finances. It erodes the purchasing power of our money over time, making it essential to find ways to maximise our returns and...

KNOW MORE

March 4, 2024

Top Benefits Of A Used Car Loan

Are you dreaming of owning your car but worried about the costs? Buying a new car can be expensive, making it challenging to find one that fits your budget. But don’t worry, there’s a solu...

KNOW MORE

April 18, 2024