Mahindra Finance Complaints & Reviews

I’m from Sitamrhi Bihar my loan number is 6701793 .There are some issues in my loan
Example loan tenure is 32 months but interest charges 36 months. Loan tenure 32 months but flash in system 33 months. Actual moratorium charges 2 months but flash 3 months and more additional interest
About solutions this issues i come in Sitamrhi branch Actually I have been coming for fifteen days in Sitamrhi branch but no one want to solve my issues .even i ask about my issues your employees are not responding and threatening me
Employee says me get out and abuse me
I want close my loan otherwise I don’t come branch
One thing I learned your employees DO ANYTHING BUT DONOT BORROW LOAN FROM YOUR MAHINDRA FINANCE

Sir my name is tirumaleswararao my vehicle no TS08UH7995 already I pay amount 19000 but my vehicle seize any legal information sir please help me sir

Sir,
I Sk Rejuan Mahammad, My Car No- WB32L-8170, I have already paid total of outstanding. but your agent/staff/representative stuck two time my vehicle on the road,
Please look out the ASAP.

Sir,
This is in regarding to the loan availed from Mahindra finance, bearing Loan no- 7571751,
Customer- SOUDAGAR PRADHAN, PICK UP- OD09N4922,
I am Ranjan Mishra, currently handling the asset,
I belong to a Driver family,
I myself possess Heavy Transport D.L,
I myself is driving the said asset & managing my family & repaying the Loan.

With deep sorrow and regret I am informing that Your Collection Employee named Subrat Dash has opted to breach the peace & forcibly instructed muscleman to Reposses the PICK UP from me nearby RANCHI, which is 380 Kms from my hometown.
I was severely threatened by a group of 6 peoples, Stating that they are representative of Mahindra finance & the company has instructed to reposess the Pick up.
I was in round trip from Jajpur ( Odisha) to Faridabad & was carrying some important goods of a Mining company which was to be delivered urgently.
Nobody responded me when the group snatched the Pick up & kept it in Stockyard,
The loan is defaulted by 45 days only & I had pleaded to clear all EMI once I get my bills cleared,
You can check the statement, I had tried my best to pay EMI every month, My intention was not to default the loan, but due to non clearance of bills timely from Mining companies, I was unable to clear EMI’s.
The Travels company on hearing this, were ready to clear the 2 EMI’S but On speaking with Collection team, they are asking to pay 2 pending EMI’s & additional 3 more EMI’s in order to get my asset released.
Pls note that- No Arrear letter was served to me, neither anyone informed that the asset will be repossessed,
Now, the Travels company had officially forced not to give me any work further,
Pls help, how will I sustain my livelihood, Mahindra finance is known to help rural customers,

I have arranged to pay 2 EMI, pls instruct your collection team not to harass customers,
Its my request to look into this matter & help me in this regard so that I can get my asset back.

Ranjan Mishra
[protected]

I have complaint against senior officer avinash and field officer om prakash
i have taken a loan on[protected] and the loan amount is 360000 and interest is 110000 total amount is 470000. but the moditorium peroid i have not given emi. but I have given one emi in moditorium period. after that mahindra finance generate new schedule they add the 5 month extended emi is 14664 and the total is 474570 but avinash for me that you have pay 18000. they didn't settle my account. All person harrase me about that loan. i have told them i will give you 10000 you have settled my account but they didn't take action

Sir

I have purchased tata tiago xz+ bearing registration no.
UP62BV0302 in auction by EDIIG from AXIS BANK LTD i.e. approved
dt.26/02/2022. Today is 28/04/2022 (73 days) but at present I have not
received any document and no response from your side. So you tell me
whether i should work with you or not.
It is not only necessary to sell the car, it is your responsibility to
deliver its paper to the customer. Kindly do the needful as soon as
possible.
Thanking you

JITENDER SEKHON
User ID.sole778
[protected]
sole778.[protected]@gmail.com

Dear sir,
Mahindra finance executive titilagarh Sudhir BEHERA claim bribes of 10000 for delay payment of tractor loan.i refuse to give bribe, then he phone me on mobile and threatening to kill me and abuse me with obscene language. Please be enquiry and take necessarily necessary step into the matter.
Regards
Balmiki Charan Sahu. [protected]

Dear Sir/Ma'am,

I have taken car loan from Mahindra and Mahindra finance gopalganj Bihar branch and in Covid situation time i was unable to pay few emi then i had opted Moratorium for my loan

But The person Name Anup Srivastava//Emp Code 23081787// Mobile [protected] harassing on daily basis to my family, abusing and demanding cash bribe from customer for settled loan and harassing to my family for pay the amount

Due to financial issue i could not pay all charges so request you please settle my loan and waived extra charges and take action against concerned employee.

Loan Number - 5005723
vehicle Number - BR28P0454
Renu Devi - [protected].

Waiting for your positive response.

Dear sir,

mahindra finance ke employee dinkar pathak ne hamko cheat Kiya hai dinkar ne hamko commitment Kiya tha unho ne hamse kaha the ki hum apko booster scheme de rahe hai .sattelment amount 199000 chakghat branch me deposite hua hai.manager ke samne baat hui hai.35 no form bhi fill kar ke Diya gaya hai.20.se 25 din baad noc ajayegi. jo aaj tak nahi ayi hai.

Reg.mob: [protected]
acc.no 4310089

Dear All,

Why have it received this letter where it is mentioned that total payable dues is Rs.416214/-?

I was already informed by the branch Manager that the loan will be settled for Rs.230000/- What about the commitment? Now you are asking me to payable double the amount. Due to such pathetic service now I will have toh raise this complaint to consumer court.

Dear Sir/Madam,

Am your customer for coonoor branch am not able to pay last 3months dues because my husband health issue. Am working in Ooty hospital yesterday morning ooty branch manager (Sathish) not asking permission to me came to my room and ask about dues. Now the management taking decision terminate to me. He is not do call me and message suddenly he come to my room and ask to dues. Yesterday evening i called and say don't come to my hospital because my management scold me so kindly your not come to my working area anyone means please call my number but today also morning he come and ask me and shout reception area and go and meet my manager complaint on me. This is my last month to work here next month no work and money how to i possible to pay my car dues. This is not pvt companies this is hospital any small complaints raise on me immediately management do terminate. Why your staffs doing like this totally spoiling my job and my life. Kindly note my complaints and take action. I mention below my contact no please cal me.

With regards,
Latha.C
[protected]

बीओआई - आपके खाता XX5975 से रु. 295.00 दिनांक[protected] को निकाले (ट्रांसफर) गये। कारण - NACH RTN CHRG:20211227 । उपलब्‍ध शेष राशि Bal Rs 790.48.

I am Deposited amount of emissions in time then why I have to pay this charges

Hello,

Roshan, I have had a vehicle loan account from Mahindra finance, for 5 years, but I close this loan for 2.5 years and I request to provide NOC from the bank, but after 1.5 months the bank doesn't respond and did not give NOC still now. I request many times but the bank employee talk to me like misbehaved, his name is "Harish Sinhal" I need NOC for another loan process.

Sir I am ram vaisya i have lost my original noc but i request to giving my duplicate noc.

I received a call from Rohit from Mahindra finance on October 2021 for a personal loan to be sanctioned it i take an insurance policy from Bharti AXA. I was asked to submit documents and that the loan would be disbursed in fifteen days and till date no response. The Mr. Punit Sharma called me for another policy as the sum insured in the first policy was a bit lesser and made me to take another policy on 26th of November 2021. Till date he has been dilly dallying and now both of them are not picking up the phone. I will lodge an FIR against them in cyber crime and expose this nexus by which they are looting people.

Dear Concern,

I'm writing this mail to hereby express my grievance regarding the wrong commitment of Interest Rates given to me at the time of loan application.

I was informed by your official that the ROI for Tractor Loan will be 8% per annum. However, after completion of certain emi i came to know that I'm being charged 24% ROI.

Further, i had a telephonic conversation with one of your official name Vijay Kumar and Jeetu Singh, as per the discussion he asked me to get the loan settled on 2.55 lacs on which i expressed my disagreement due to the miscommunication done at your end. After the negotiation of the settlement amount he assured me that he will get my loans settled at Rs. 2.3 lacs for which he will be taking approval from concerned authorities and will let me know the loan settlement date. However, till date i have not received any updates from his end.

Hence, request you to kindly look into this matter and take necessary action on the same in order to avoid further escalations.

PFB loan details:

Contract no.: 6310274
Customer Name: Ramraj Yadav
Customer ID: 14348568

Waiting for your revert!

Regards,

Ramraj Yadav.
[protected]

I m buying a car in 2018 Mahindra kuv 100k8
commercial vehcle in finance Mahindra and Mahindra financial service Ltd. After one year comes Covid-19. The situation is very bad for us. We cannot pay the instalment only two month they repo my car from my driver in front of airport Bhubaneswar. When I finance the car they told me if you not given 3 month instalment we repo your car but they repo my car in 2 month. And after 2 month they...

My amount Rs 6250 debited but installment showing unsuccessful. Plz refund my money

Wagnor HR M51BT5769 humna car kisi ko di but ussna Emi bounced ki lali car phir bhi nahi received kar raha hai bank
Please help me my cibil low ho raha hai
Name Rohit
No:- [protected]...

Hello Sir/Madam,
It was the disputed EMI for four(4) months in 2020( Moratorium period). Months: April, May, June & August.(in july I paid manually) I had to pay EMI in Rs. 13750/- but I could not paid due to job loss.
They, Mahinda & Mahindra Finance Ltd.(My NBFC) did not ask me for whether I am interested or not in moratorium or extension of my EMIs. They automatically fix the moratorium and added interest on my existing EMIs and exceeded to Rs. 21467/- instead of Rs. 13750/- for four(4) months which will effect to the last four(4) EMI. Difference: Rs. 7717/EMI.

Total Difference amount to pay: Rs.30868/- (4 month EMI) I have contacted
many times by visiting their office and by telephonic conversations.(I have the conversation record). They replied when the amount was not deducted from your account, then why did you not contact Mahindra. Yes right I have not contacted the Mahindra during the months. But neither my relationship manager nor any staff from the NBFC informed me earlier about upcoming Penalties. If I had known about Penalties, I would have made money from anywhere and pay the EMIs on time. I just had the knowledge of Cheque bouce charges which deducts when EMI delays.

I have also contact RBI banking ombudsman and complain against Mahindra. They verbally told me to settle from your side and I tried to settle by visiting the my Branch but the zonal manager/Manager MR. Deepak refused to settle. I was completely harrased by them.
After that I have writen and complain and deliver to the branch to look in this matter and settle the amount and one copy is mailed to Mr. deepak.
After that he was rotating me and finaly he refused by saying that sms was sent to you and I have not respond that( he send me the sms delivery report).
RBI has closed my complain by saying mahindra has no fault.
Complain No.:[protected]
Complain date:04/10/2021

Therefore you are requested to look into the matter and
resolve the issue as soon as possible .

Thank You Sir/Madam
Avinash Kumar Singh

Loan account no. 5792999