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
|

Loan Appraisal and Terms & Conditions

mahindra-finance-author

by Mahindra Finance

|

October 24, 2024

|

1 mins read

  • The Company will consider all the documents submitted and the information provided, verify the creditworthiness of the customer and evaluate the proposal at its sole discretion. In case any additional information or documents are required the company will convey the same to the customer within a reasonable time.
  • After necessary assessment, the Company will convey in writing in physical/digital mode to the borrower, in vernacular language of language as understood by the borrower, by means of an offer letter or any other mode, the amount of loan approved along with the terms and conditions, including the annualised rate of interest thereof. It would keep the acceptance of these terms and conditions by the borrower on the Company’s files in digital (including OTP based) or physical mode as applicable.
  • The Company will mention the penal interest charged for late repayment in bold in the loan agreement.
  • The Company will furnish a copy of the loan agreement along with a copy each of all enclosures quoted in the loan agreement to all the borrowers at the time of sanction/disbursement of loans.

Related articles

What Happens if You Break Your FD: FD Breaking Charges

Fixed deposits (FDs) are a popular investment option in India due to their security and attractive returns. However, there may be instances where you need to break your FD before its maturity date. In...

KNOW MORE

February 29, 2024

SIP vs FD: Which one should you invest in? | Mahindra Finance

Introduction: India has seen a massive boom in mutual funds over the past decade. Investors are now receptive to modern investment routes such as SIPs to reap the benefits of equity. Even then, tradit...

KNOW MORE

June 30, 2023

Credit-Card-Credit-Score-How-to-Use-Your-Cards-Wisely

Credit Score And Credit Card Usage: How To Use Your Cards Wisely

Introduction Credit cards have become an essential part of our lives, offering convenience, rewards, and the ability to make purchases without carrying cash. However, it’s important to use them ...

KNOW MORE

June 17, 2024