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

Important Factors That Affect Your Car Loan Interest Rates

Introduction Looking to buy your dream car? Whether it’s a sleek new model or a reliable used vehicle, understanding the factors that affect your car loan interest rates is crucial. The interest...

KNOW MORE

April 17, 2024

How-to-use-credit-score-to-your-advantage-&-make-better-financial-decisions

How To Use Credit Score To Your Advantage & Make Better Financial Decisions

Your credit score is a powerful financial tool that can significantly impact your life. It determines your eligibility for loans, credit cards, and other financial products. However, understanding how...

KNOW MORE

June 28, 2024

Importance Of A Digital Footprint For Availing An SME Loan In India

In today’s digital age, where everything is moving online, small and medium enterprises (SMEs) question the importance of having a digital footprint when applying for a loan. In this article, we...

KNOW MORE

April 11, 2024