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 Secure A Short Business Loan? Check This Detailed Guide

Are you an entrepreneur looking to take your business to new heights? Or perhaps you’re a small business owner in need of funds to cover operational expenses. Whatever your situation may be, sec...

KNOW MORE

April 22, 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

Factors-That-Influence-Home-Loan-Interest-Rates

What Are Factors That Influence Home Loan Interest Rates

Owning a dream home is no longer a distant dream with the availability of home loans. However, understanding and managing the financial aspects of a home loan can be overwhelming, especially when it c...

KNOW MORE

August 14, 2024