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

How To Get A Start-Up Business Loan? 

Starting a new business can be an exciting and challenging endeavor. One of the key factors that contribute to the success of a start-up is access to adequate funding. While there are various sources ...

KNOW MORE

February 5, 2024

How To Build A Diversified Investment Portfolio With Fixed Deposits

Investing wisely is crucial for long-term financial stability and growth. One effective strategy is building a diversified investment portfolio. In this article, we will explore how fixed deposit inve...

KNOW MORE

April 26, 2024

Good-debt-vs-bad-debt-What-the-difference

Good Debt Vs Bad Debt: What’s The Difference?

Introduction Debt is a part of many people’s lives, whether it’s taking out a loan for higher education, buying a home, or starting a business. But not all debts are created equal. Some de...

KNOW MORE

July 5, 2024