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
|

What is the rate of interest chargeable for loans?

mahindra-finance-author

by Mahindra Finance

|

June 22, 2023

|

1 mins read

The loan interest will be charged 2% per annum above the contracted rate shown on the Term Deposit Receipt (TDR)

Related articles

Factors To Consider While Choosing A Commercial Vehicle Loan

Factors To Consider While Choosing A Commercial Vehicle Loan

Introduction With the Indian market constantly evolving, it’s important to understand the dynamics of commercial vehicle financing and the key factors that can shape your decision-making process...

KNOW MORE

August 26, 2024

Car loan fixed vs floating interest rate – Meaning and benefits

Planning to buy a car? Understanding the loan terms is crucial to make an informed choice. When you apply for a car loan, you’ll come across terms like fixed interest rate loans and floating int...

KNOW MORE

April 17, 2024

5 Mistakes NRI Fixed Deposit Investors Must Avoid

Introduction: Investing in fixed deposits is a popular choice among non-resident Indians (NRIs) who are looking for a secure and stable way to grow their wealth. However, there are certain mistakes th...

KNOW MORE

April 26, 2024