Mahindra Finance Complaints & Reviews

No higher authority available for giving approval. And company is running without any senior person. My approval is waiting since 3 days. How such negligence is been accepted.
Such hospitality has never been expected.
If something happen to the borrower, company has his option to get the lended money then why there is no superior person available to handle such situations. Company has kept the customers in such delima where there are no choices except to wait and watch.
Branch - bistupur, jamshedpur, pin 831004.

Hi

I financed my auto rikshaw my loan no is 4074854 as i want to pre close this loan as soon as possiable but now i see there is late payment charges approximetly 3400rs but i am not able to pay this amount at any cost because i informed all this to your agent and i paid my three installment last month so kindly check this concern and waive off.

Regards,
Bhim raj

Dear sir

I have taken car loan on 03/04/2013, contract no-2529456 name - balaji t, vehicle no tn 10 ak -8775. After some month my vehicle struggled in chennai flood. So i have spend more than 2lakhs to recover my vehicle and also i informed about this issues to the branch manager 27/01/2016. That time visited branch & said same they said will take care. Once you will finish your emi we will waive off your charges but now i am cleared all my emi's but still now noc not recieved. Now collection persons using abusive languages & harrasing my old age parents. And calling to my reference and threatening. I need my noc & my orginal key.

Since then i am facing a terrible experience with m&m. Customer support, nodal all are worst support. All of them just tell me to wait regarding my dispute.

Branches in chennai -

Plot no: 3a, porur diraviyam nagar, opp: to naidu hall, porur, chennai, tamil nadu 600116

New: 13 (15), kannaiah street, tirupati house, north usman road, t. Nagar, chennai, tamil nadu 600017

I have transfered an amount of rs.25000/- on line from my sbi account on 08/11/2018 for creation of an fd and also uploaded my kyc documents and copy of axis bank cheque leaf as desired on 25/11/2018. However i have not received the fd recipt either physically or by mail. Please send the fd receipt by mail to my mail id; [protected]@gmail.com at the earliest.

Dear sir/madam

I had taken a four wheeler loan from mohindra finance jorhat branch assam. I took loan on 2017 august... I requested for ach service for auto debit my emi from my account.. I submitted written request also to the branch. But the accounts dept of the branch had denied to provide me the requested service... It is not done till today for which i am not able to pay my emi on time..

I am surprised that how a respected company can do same with the customer.. Is it for profit making by doing cheque dishoner? If it is so i will approach legally to the respective branch...

Hence requesting you to take any necessary action or i will approach to legal authority

Thank you
Shourav jyoti nath
[protected]

I have paid my installment to my account. But it was not properly documented to my account. When we reached out to finance company. They promised and gave the letter signed with seal that they will reduce the amount in final closing. But now they wants to pay the full amount without reducing the amount which they promised. I have never faced such type of worst finance company. Then for what # the people are working in this company.

Dear All,
I had taken home loan from your bank.
First I received cheque very late.
Second my preemi was deducted before me getting cheque
Third now they are asking for one emi for March18 but I received my cheque on 27 march and I deposited on same day
The cheque was printed on 31st Jan 2018, but they didn't give me
I have paid all my emis according to me after me recieving the amount
They are threatening me every time
Please help in this matter

Dear sir/mam

This is rajesh yesterday i went to tiruppur mahindra finance located in bangalow stop, i asking about our balance and paid payment details and he said that now we are not possible to provide hard copy rightnow due to power shutdown, and said so we i'll sent you by mail tomorrow then again i ringup to him at morning they reply us here some problem to sent mail like that, this is not a procedure to handle your customers

So kindly request you to take immediate action and provide our total statement to us asap

Note : my vech reg no : kl 71 b 7009


Thanking you

Rajesh

No response from nodalofficer. [protected]@mahindra.com on following email
Vehicle no - gj01rl0566
—
Hello,

It has been very disappointing experience at your branch.

1st when i visited on 25th aug, i was told that i have been charged multiple times for ecs bounce, when confronted i was told that charges for ecs bounce in year 2015 (Sep to nov) for 3 months will be reversed as it was branch...

Sir
1. Reference is made to my earlier complaint dated 16 nov 18
2. I have taken a loan from your branch mahindra finance jorhat (Assam) branch and i pay all outstanding loan amount whatever is due.
3. Hence from last six month i asked mahindra finance at jorhat branch to provide me loan closing receipt (Noc on loan closing), it is still a awaited
4. However my vehicle no as 03h 6833
5. Further how many days it will take to issue a noc on loan closing
6. Please take a necessary action. Your immediate action is helpfull to me

I dont have any auto loan ...why in my credit report showing mahindra finance negative issue
...i was not applyed for any auto loan..
...my credit report is not correct
Ther is no negative issue in my credit report
You maked my credit report very wrong
...i dont have auto loan, that u mantioned in my credit report
...what is your the problem
...mahindra finance doing cheating

Dear sir,

Ref: babj transaction description ebank:[protected]/l767_mahindra and mahindra

This is to inform you that i hv made a payment of rs.100000/- through net banking on 21/11/18 at about 3.10 pm to mahindra finace and the amount got debited from my bank of baroda, choolaimedu branch, chennai. But, they have not issued acknowledgement for the transaction.
Kindly provide the receipt copy to my mail id : [protected]@hotmail.com as early as possible to get acknowledgement from them. Thanks.
Raviraj hariharan

Thank you

Respected sir,
Iam E.Nithya venil and I applied for loan under the rural housing scheme, The loan was applied in the name of my mother( M.Vennila). The loan was applied before 1.5 months and they guarenteed that we would get the loan within 10-15 days, we waited paitiently and did all the procesures as directed by the officials at your branch office coimbatore, even MOD was put and at the final stage, they told that there will be...

Sir
1. i have honour to say that i have taken a loan from your branch mahindra finance jorhat(Assam) branch and i pay all outstanding loan amount whatever is due.
2. hence from last six month i asked mahindra finance at jorhat branch to provide me loan closing receipt (Noc on loan closing ), it is still a awaited
3. however how many days it will to issue a noc on loan closing
4. please take a necessary action....

Mahindra Finance — stop auto debit system of lone no-4438000 branch (tezpur)

1 Review
Sr Srabani Dey on Oct 26, 2018
Submit a Complaint
Sir, please request to cancel auto debit system of ag no - 4438000 branch (Tezpur) and please allow me to continue the cheque payment system. Today tezpur branch manager informed me that my cheque payment system is converted to auto debit system (Rtgs) by the head office.
So please kindly allow me to continue my cheque payment system and stop auto debit system.
Thank you.
(Ratan kr. Dey)

Hello,

We have pre closed loan with loan no 5503584 on 17th october and since then we are struggling to get noc, i spoke to your narsinghpur representative and he said noc is ready since 29th of october but still not sign, does you bank is even worse than govt organization who takes weeks of time just to sign the noc? God's knows then how long it will take it to send from jabalpur to narsinghpur branch, worst banking experience i have ever faced, you just took a day time to give the loan so why this much fuss when we close it by doing the full payment.

Regards,
Niyaz mohd khan
+91-[protected]

Contract no.4957799 dt.12.09.17 finance from you but till now neither the auto delear now from your end we have received the instalment wise breakup of principal and interest bifurcation figure statement we are very sorry that such a big company who appoint such dealer and the finance company. Which in future we will think before buying new vehicle

I had taken a car loan from Mahindra finance for a tenure of 4 years. All my Emi’s were paid promptly but in between one Emi had bounced. Now the tenure is completed and I also paid Emi that bounced. Now they are not providing me theNOC as they are asking me to pay bounce charges of 30000. My Emi itself was only 22700/- and they’re saying that the bounce charges includes interest for all the months. I asked them for a waiver but no response. I send them emails 3 times but never received a reply.
I now need to sell my car and I need the NOC and rcbook to sell it and I’m not able to sell it. Kindly let me know what I can do.

मुझे जब लोन की जरूरत। थी तब आपकी कम्पनी ने मुझसे सारे डॉक्यूमेंट ले लिए
आपके अधिकारियों द्वारा मामले में बहुत ढील देने की वजह से अब मुझे लोन की कोई जरूरत नही है
ओर मेने अपकेअधिकारियà�...⇄ को इस बारे में अवगत करा दिया
एवं मेने अपनी फ़ाइल हटाने की रिकवेस्ट की ओर आवेदन दिया उस बात को करीब 2 महीने हो चुके है और मेरा डाटा आज तक साफ नही हुआ और आपके अधिकारी टालमटोल कर रहे है और आपकी कम्पनी ने मेरे account से पैसे भी काट लिए है जिसकी वजह से मुझेबहुत परेशानी उठाना पड़ रही है
कृपया मेरी समस्या का जल्द से जल्द निराकरण करे
ओर मेरे पैसे वापस दिलवाए
आपके एजेंट सन्तोष हाड़ा मंदसौर जिला का एजेंट ने मुझसे फ़ाइल ली और फ़ाइल देने में नाटक कर रहा है
हर बार अलग अलग जवाब देकर मुझे ग़ुमराह कर रहा है

Respected sir/madam

Subject - complaint against kundan hyundai, pimpri, pune

I am writing this to lodge a complaint against one of the hyundai showroom in pune. I went to book a tourist car [hyundai xcent] at kundan hyundai before 2 week. They offered me scheme of rs. 40000 as a down payment and suggest me to take a finance from mahindra. I had very high expectations from it, but i was disappoint with the service.
They provide me a quotation like - rs.735000/- on road prize of hyundai xcent but actually on road price of xcent is 685000/- (Increase 50000) and told us that they will provide us on-road 90% loan. As their prize is already high than actual price it means they will disburse 100% loan from your side. They even didn’t mention variant in quotation. I request you to, please check invoice you will find what kind of fraud happening here.

After investigating more i found that on every model their prices are very from actual price (At least 50000 to 70000 more than the actual prize) they are cheating with each and every customer and off course your finance company too likes this.

Not only me but everyone has lot of emotion attached with their first car, thus i would like you to take all necessary action so that we can restrict this things.
I request you to attend to the complaint and take suitable action as soon as possible.
I look forward to your reply and a resolution to my problem.

Waiting for your strong action.

Thank you,

Vikas shnde