Mahindra Finance Complaints & Reviews

Dear Sirs,

I applied for a Home loan with all support documents - 5 months ago but till this Madurai branch officers not giving the loan every week they says next week it will come like that almost 5 months is over becasue of that i could not complete my house building works also. Please try to instruct this people to issue my home loan by this week other wise whatever i paid for service charges sum of 15,000 rupess incl. interest they have to return back to me with some compansation.

Sir, my father had purchased one mahindra max pikup on feb 16th 2009 and he expired on 1st june and after his expiry the financer are not paying my MLS money . Financer say that the loan will be cleared only in case of accidental case not in normal dead. They torcher us that if we do not pay the loan amount they will take away the vehicle.

Every company in today’s competitive business scenario is conscious of its image or reputation i.e. how its products or services are perceived by outsiders. In a business climate when businesses are actively working to create and communicate a positive image to their customers and general public; the lousy corporate image that a Big and reputed corporate house such as ‘Mahindra car finance’ is sending out to the public came in as a Big shock.
I can never forget the dreadful date, 28th September 2009, the last day of Durga puja (Dashami) when we (i.e. me, my parents and my younger brother) decided on a short trip to Shillong which is just 3 hours away from Guwahati and we planned to return back on the same day itself so that we could resume our work from the next day.
We decided on a Maruti van for our trip which is a car belonging to my father’s acquaintance. The trip went all fine. By 3.30 we were through and decided to return back to Guwahati. Today I thank God that we were done early because here came in the Big unexpected shocker on our platter. We had just left Police Bazaar and after completing 20-25 minutes drive; our car was stopped midway by people who claimed to be agents of Mahindra car finance and they also had a list in their hand with the details of the cars which had not paid the installments. Yes, I agree that the number of our car was there in the list but then we didn’t have the least idea of what was happening. It wasn’t our car after all.
Here I would like to emphasize on the quality of agents Mahindra hires. These people are actually goons or gangsters. Well, I can’t think of a better word to describe them. They misbehaved with me and my parents. First of all I fail to understand why these so called goons or gangsters of Mahindra had to stop the car in the middle of the road where no people could be seen and only one or two cars crossed the road. We were just tourists and not localities out there. We didn’t know the places properly and neither we knew anybody from whom we could get any help. My mom requested them repeatedly to let us go. She asked them to keep the car; if that is really what they had intended to do. But no, they would not listen; on the contrary they used my cell phone to call up the owner of the car but could reach no conclusion. The three of them were such rowdy characters that no respectable person would want to talk to them.
I told my mom repeatedly that what they are interested in is not the car but it is money in which they are more interested in. After a hell lot of drama they did agree that they could help us in settling the matter outside the company premises for a sum of 4 to 5 thousand. This is the quality of Mahindra’s hired agents….Well, the point which I would want to stress upon is; we don’t know those people but ultimately we suffered coz of the people hired by the company. We know Mahindra and the people they are hiring to represent the company is simply shocking. My dad called up the company office too but some stupid lady picked up the call who could not understand a thing. Wow!!! Hats off to the company for hiring such lousy and quality less manpower. A company is represented by its people and well, what quality of manpower Mahindra hires is a big question mark.
We didn’t pay a penny to those jokers. We had to return back to Police Bazaar and book for our self a Maruti Swift once again. We were delayed by an hour or so and had to face harassment for no fault of ours at all.
Corporate image and ethics goes for a toss at Mahindra. If given a chance, I would rate negative for Mahindra’s corporate image and ethics. But for the time being, let’s settle for a Big round and bold zero for Mahindra’s corporate image and culture. Mahindra car finance is truly a loser in terms of its image.

Dear Sir,
This is second time I am on this board, Despite of RBI's Directives That, Not to engange goons or criminals for collection of their loans Mahindra Auto Finance in Nasik recently showed that How much they really care and abide Our Laws.
I have funded by the said finance company for my vehicle Wagon R LXi Duo bearing no. MH15 BX 5867to
I was a regular payer for 7 to 8 months but, Finance company ran out with my cheques and for next five months there was no EMI cut down from my bank account.
I myself went to companie's office at MUmbai Naka, Nasik and told them about this till that time I haven't recieved any legal notice from company.
Then I paid some dues and ask them to send me my Agreement copy and Loan AC number.but, I am yet to recieve one, Then suddenly last week Mr.Puranik the Barnch Manager along with Collection Exec. Yogesh Bhojane reached to my In laws place with some goons as they said that those were from collection agency named crocodile Agency near Donde pool, Untwadi, Nasik retained by them
These said gentelmen thretened my In laws then they went to my home and threatened my heart patient mother and pregnent wife.
I was out of town As soon as I called them and ask for clarification on of MR.Bhosale talked to me in very much abusive manner which as a proof, I recorde in my Mobile.
We really gone through Hell!
Would Please show me the way to tackle the matters like this with civilised manner?
Or this will go on forever despite of being in a Law abiding society?
Please Help.

As Auto loan processing fee i had paid 16, 798 to Mahindra Finance. Due to the unfair trade practice i had to cancel this business with Mahindra Finance. Had submited the letter to Mahindra Finance on 27th Jan 2009. I was informed that it would take 15 day to repay my money and still now no response from the sales executive who took money from me. Receipt #[protected].

I have got many phone calls from Mahindra Finance[protected]. I have made several complaints to each staff (Including one Ms Divya). Still they asking one Mr. Purushothaman (he took some loan from this finance company). Each and every time i need to explain who am I. It doesn't make any Difference. Once asked the Manager (Mr. Biju Thomas) to contact me, because he was busy with another call. I asked the staff to delete from their system. Still they are ignoring and torturing for lst 4 months. Please consider my complaints.
Regards
Dr. Bibi Catherine Antony.

The bangalore southern part has hired some hard core rowdy sheeters as a recovery agents, they are behaving so badly, and really they were pathetic in all the sense. I don't know so many rules and regulations, after that they can hire such a persons for recovery. And Mahindra is cheating the customers with higher charges, and purposfully they were seizing the vehicles and collecting 10000 rs as a seizing fee. Its a horrible behaviour, especially the manager who handles the bangalore jayanagar brach.
Can't believe, can see such a person as a Manager in a reputed company.

So people, please avoid, and its a horrible behaviour they got. And finally they will screw up the middle man hardearn money into their pockets.

please avoid bangalore, especially..

Thanks for the heads up.. before u go and get a fire into the pocket