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
|

How exactly will customer’s repayment schedule change?

mahindra-finance-author

by Mahindra Finance

|

June 23, 2023

|

1 mins read

Customer’s tenure of loan will get extended by the no. of months moratorium is availed. For example: If a customer takes 3 months moratorium now, then the tenure will get extended by three months and customer will pay his regular EMI amount in those months. Plus, the customer will also need to pay the interest which gets accrued due to the moratorium. The exact details will be sent out to the customer shortly.

Related articles

What Is The Effective Yield In Fixed Deposits?

If you’re considering investing in a fixed deposit (FD), you’ve probably come across terms like “effective yield” and “annualised yield.” While the interest rate mentioned by banks...

KNOW MORE

March 1, 2024

SME Loans: The Role Of Government Initiatives In Supporting Indian SMEs

Small and medium-sized enterprises (SMEs) are the backbone of India’s economy, contributing significantly to its GDP and employment. However, accessing formal credit has been a challenge for the...

KNOW MORE

July 24, 2024

Avoid These Common Used Car Loan Mistakes

If you are planning to buy a used car then you are in for some work. A used car surely has the benefit of being more affordable. However, you need to find the one that is in the best possible conditio...

KNOW MORE

June 29, 2023