Mahindra Finance — Loans tractor statement

Address:Jaunpur Uttar Pradesh

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!


Ramraj Yadav.
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Mahindra Finance customer support has been notified about the posted complaint.
Mar 09, 2022
Updated by Diwakar 1982
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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.

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