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

Fixed Deposits For Millennials: Building Financial Stability Early

As a millennial, you’re navigating a vast array of long-term investment plans to secure your financial future. While seeking higher returns is important, it’s equally crucial to balance yo...

KNOW MORE

February 23, 2024

Benefits-of-Cumulative-Fixed-Deposits-for-Long-Term-Savings

Benefits Of Cumulative Fixed Deposit For Long-Term Savings

Introduction Saving money is an essential part of financial planning, and there are various avenues available to grow your savings. One such option is a cumulative fixed deposit (FD), which offers uni...

KNOW MORE

July 10, 2024

What-Is-A-Low-Credit-Score-For-Car-Loan

How To Apply For A Low Credit Car Loan?

Are you dreaming of buying a car but worried that your low credit score might hinder your chances of getting a car loan? Don’t worry, because even with a low credit score, you can still obtain b...

KNOW MORE

August 13, 2024