[Resolved] Mahindra Finance — car loan repayment

Walter Xavier

from Thiruvananthapuram, Kerala

Address:	Chennai, Tamil Nadu, 600095
Website:	Mahindra finance

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.

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Nov 18, 2018

Complaint marked as Resolved

Finally someone contacted me from Mahindra finance and asked me to pay 22200/- towards bounce charges. I now have no other option that paying the amount and getting my NOC. But thanks a lot for helping me out. If I had not complained no one would've reached me too.. TY

Mahindra Finance customer support has been notified about the posted complaint.

Nov 05, 2018

Updated by Walter Xavier No one has reached me about the issue yet. It’s actually getting delayed and I’m unable to sell my car due to NOC as the bank wants me to pay the complete amount of 32k.

Nov 18, 2018

Updated by Walter Xavier Finally someone contacted me from Mahindra finance and asked me to pay 22200/- towards bounce charges. I now have no other option that paying the amount and getting my NOC. But thanks a lot for helping me out. If I had not complained no one would've reached me too..

TY