MouthShut.com Would Like to Send You Push Notifications. Notification may includes alerts, activities & updates.

OTP Verification

Enter 4-digit code
For Business
×
transparentImg
Upload Photo
Mahindra Finance Image

MouthShut Score

27%
1.60 

Customer Service:

Staff Courtesy:

×
Supported file formats : jpg, png, and jpeg


Cancel

I feel this review is:

Fake
Genuine

To justify genuineness of your review kindly attach purchase proof
No File Selected

Mahindra Finance Reviews

karan_jk2002MouthShut Verified Member
Sehore India
Loan come very late
Aug 05, 2017 11:18 AM 12949 Views (via Android App)

We have brought a plot near sehore I applied for the loan in may 2017 but the ammount is not disbursed till date. Although they works with minimum documentation but they process is very slow. We have purchased about 1500 sqaure feet area and appied for the loan in this finance company they told that they will disbersed in 7 days but now more than 3 months passed and not any amount I got till date. We did all the process of registry and diversion before 15 days but also we do not got the required ammount


amarrautiya25MouthShut Verified Member
Katni India
Rude Behavior of Staff After Completion of Loan
Jul 08, 2017 12:26 PM 15424 Views

I  bought a Mahindra Scooty in the  year 2014 by using mahindra finance service, the finance rate is high  about 18%. and  down payment is 9, 999 rs and monthly premium of rs 4, 000 pm for next 12 months. the whole premium is deducted by the cheque. so I submit 12 cheques at the time of purchase of scooty. Mahindra Finance take 1 key, Registration Card  of scooty, and some documents for some security reasons, and they told me, we return your key and documents after 12 months when your finance(Loan) is cleared, at that time we return all  NOC certificate, RC, And the key.


After a Year on completion of loan I visited Mahindra Finance office and asking for RC, NOC, and Key's of scooty. they provide RC and NOC but not giving the key which is taken by them and they said you are not giving the keys at the time of deal, but when I show them all written documents, than they accept after 2 days, when they complete their all inquires, but they don't have any keys on them, they just lost it. and never regret and treated me like I do a mistake to taking a loan from them. after completion of loan, they treated us very badly. the customer stuff's nature and behavior is very rude.


Mmfsl is a good place for fresher graduates
Jun 30, 2017 08:17 PM 14769 Views (via Android App)

Mahindra finance is doing the financial activities which are very use full for the public in case of vehicle loan I am also working in mahindra finance from last 1 year as a gt and I like the job that because the company is good and it gives all the facilities to its employees and the staffs also very trained and monthly or quarterly they will attaind the training programs for improving their quality of service.and. The mahindra finance will give the good financial knowledge to its employees and also it is helping the formers by giving the tractor loan in good interest rate and also it is giving the insurance like MAS and MLS to its customera with small installment incase of any accidents to customer can claim his loss.


YOUR RATING ON

Mahindra Finance
1
2
3
4
5
ravis5917MouthShut Verified Member
Gopalganj India
Mahindra and Mahindra
Feb 24, 2017 11:38 AM 9527 Views (via Android App)

Hello friends today I want to tell you some thing about mahindra and mahindra as this has a very well and best trchnique to consult with others and such type of company is not at all bad but its way of doing is not at all good and sowe should think about investing in mahindra and mahindra as it is not good at all so if any one wants to invest in this perticulat then you are welcome . So if you are interested in making miney then you should select that perticular this is for you only, the mahindra.


Demand of excess/ unconveyed charges
Dec 02, 2016 02:10 AM 15720 Views

In year 12-Sep-2013 I have availed a car loan from Mahindra Finance Yelahanka branch with Loan A/c No. 2772155 for a sum of ` 195000/- with reaishwaryasingh23ment of ` 266880/- in 48 EMI’s, for Tata Nano LX Vehicle with Reg No. KA 04 MM 5790.


Most of my EMI’s were paid in timely manner but since 5th-Sep-2016 I was unable to make regular aishwaryasingh23ments due to some financial crisis.


As on 25th-Nov-2016 I had paid ` 191780/- in 34 EMI’s out of ` 216840/-


39 EMI’s for the loan account number 2772155.


On Saturday 26th-Nov-2016 morning I somehow mAnasultanged to aishwaryasingh23 ` 20000/- for an overdue of ` 25060/- for(#35, #36, #37, #38 EMI’s) through online aishwaryasingh23ment to https://vehicleloan.mahindrafinance.com/ using my Corporation Bank net-banking facility.


aishwaryasingh23MENT DETAILS


Amount:      ` 20000/-


Corp Bank A/c No. 05919


Trxn Ref No.      78227


Bank Trxn No. 273754688


With a mail confirmation from https://vehicleloan.mahindrafinance.com/ to my email id keshav.murthy@live.in on the same day.


On the same day 26th-Nov-2016 afternoon Saturday, I was traveling for business meeting to Peenya, when a team of 3 vehicle recovery agents stopped my car in middle of the road near 71, Outer Ring Road, Jalahalli Village, Jalahalli, Bengaluru, Karnataka 560054


Google Maps Coordinates(13.040117, 77.543825)


I tried my level best to convince them with the aishwaryasingh23ment reference details which I had made in on Saturday 26th-Nov-2016, and also made my commitment to aishwaryasingh23 the remaining due of ` 5060 /-+ ECS bounce charges+ Late fee interest in near one week future but they did not listen to any of requests and said we do not consider same day online aishwaryasingh23ments while seizing a vehicle.


For supporting help, I called to Mahindra Finance Yelahanka branch mAnasultanger Mr. Sharath on his mobile no.+91 9886030523 and I narrated the whole issue, and hoped for some kind of help and courtesy, but in reply he said he has no authority with to help in any manner and asked me leave the vehicle to recovery agents as the aishwaryasingh23ment of ` 20000/- made on 26th-Nov-2016 will take 2 working days to reflect in their system and asked me visit to Yelahanka home branch on Tuesday 29th-Nov-2016 morning to collect the releasing letter by aishwaryasingh23ing the remaining due of ` 5060 /-+ ECS bounce charges+ Late fee interest.


I desperately begged them to leave my vehicle as I needed to attend the meeting very urgently.


Even after my multiple requests none of them listened to my concern instead they used goon power and muscle power to collect my car keys, and humiliated me with a harassment in a crowded place.


Being helpless I was forced to leave the car to the recovery agents, which was then taken to Periplus Services, Bengaluru, Karnataka 560098


Google Maps Coordinates(12.922731, 77.510742)


On Tuesday 29th-Nov-2016 Morning I called up to branch mAnasultanger Mr. Sharath on his mobile no.+91 9886030523. In this call, he said that, to release my vehicle, he demanded to aishwaryasingh23 an additional ` 8000/- towards repossession charges in an un-accounted way, which he never disclosed to me on Saturday 26th-Nov-2016 while my seizing vehicle.


In first place, they should have not seized my vehicle as I was aishwaryasingh23ing all the dues in a timely manner with little to less frequency of late aishwaryasingh23ments, due to my financial crises and family problems.


To understand the additional repossession charges, I referred to the agreement letter which they handed over to me while purchasing the vehicle, to my surprise it was consisting only 3 pages out of 41 pages.


So, I visited to their home branch in Yelahanka on Thursday 01st-Dec-2016. in formal letter, I requested to give me a copy of the agreement signed and accepted by me for my reference. The executive person very arrogantly said to re-visit on Monday 5th-Dec-2016 as the process will take 3-4 days in the crowded office place in front of all the people.


This whole incident caused me a mental shock and agony to me in my personal and professional life, which also resulted with a warning letter from my company for poor focus on assigned tasks.


Wrong Erroneous deduction of TDS
Jul 08, 2016 05:16 PM 16697 Views

I had invested in Mahindra & Mahindra Financial Fixed Deposit, Being a super senior citizen in no tax zone for many years I had deposited Form 15H in due time for which stamped receipt was obtained from there local registrar . Despite this after maturity the amount credited to me was after deducting TDS On my complaint I was told that 15H was not reced. by them .When I sent them the copy of of the receipt by there registrar, there is no answer from their side despite many reminders to them including their CFO. Even he has no courtesy to reply. This is just to inform people in general that such unprofessional behavior is unwarranted from a responsible organisation.


mehtayash72MouthShut Verified Member
Mumbai, India India
Worst services
Apr 17, 2016 10:45 AM 10499 Views (via Android App)

This is the worst company which provided bad products. It was really a bad experience for me after buying a mahindra car. The specification mentioned and overall performance don't match at all. The specification just exaggerate the working of the car model. Even the model which I bought was very small from inside and takes large space for parking. Even the fuel consumption is more. Its mileage is just 12kmpl which is very less. The overall performance is not satisfactory. The model they build just last for 3-4 years. Even the customer care persons don't care what the customer has the problem. Even they don't listen to the problems and tell their own stories and solution. I just suggest to avoid mahindra products.


Manidra company beawar
Jan 31, 2016 12:03 PM 16099 Views (via Android App)

Mahindra we dont want to talk about that but I have to say ots not only my lose but I dont lose to lose other people money and time  to say it diffuclut but mahindra is not good in service not even good in  vehickle selling also we can say that  as his company spread all over india but no best deal no brst service to gain it   no to manidra as I dont want to use  also I just recognice to be have to improve their quality of motor and also their functioning bodies so that we beluve on them so be in improve dont make others fool plz be good service k that it  thank you for lissening my speech thanks one and all ?


Beware of M&M and Their Customer Care
Aug 14, 2013 03:49 PM 10615 Views

Take my word. Do Not but any Mahindra Vehicle. They fleece you with your money and then make you do rounds of customer care department which is a mere hog wash, they actually care only about their their interests and not about the customer.


I bought a SCORPIO and the problems started  from day six, when I noticed there was no cushioning in the middle row seats, than there was short cladding, then the ac blower stopped working, than the body started rusting and all this happened very regularly. I have a review posted in Mahindra Scorpio, but this review os about M&M as a company.


Their customer care every time says we will call back, but never do so.


Their customer care VP threatens, pressurizes and abuses you to take complaints back and if you still complain they ask for money to resolve the complaint.


If you tell them about Consumer Court, they openly say on your face that no problem go to consumer court and complain, we have our people there, you will never be able to lodge your case.


It is a sham, they are just simply looting money from people.


BEWARE of THEM. I have rated this company 1 star because there is no option of a 0 star.


Menka


Madurai India
Powerol Inverter 600va sine wave
Mar 08, 2012 01:55 PM 26456 Views

Recently I bought powerol 600VA 26.2.20112 pure sine wave at a cost of rs 5, 800 in Madurai. I buy inverter alone from the local dealer, and I had 100ah exide battery. Initially it give 3 hours of power for two fans in morning 6 to 9 am, because our area have regular power cut in the morning after two weeks it give 1 hr power and went battery low.


I called the local dealer, he said battery low is your problem not our side and he doesn't respond me


then I called the battery service person, he came with his tools


after he checking he tell me 11.8 v is coming from inverter to battery, it will charge only 30% of its capacity


then only I realized that this is worst inverter with in one month


After I called the customer care they tell me we will repair if you bring inverter to our office for your reference I will upload video showing the inverter charging and its volt showing in the multimeter. I booked complaint in their toll free number 3.4.2012 still no representative come, I follow up the customer care they telling stories we will come I am really put money in trash


Don't go for mahindra. I think their cars, mahindra generators are all like the above scenario



Show Video

Innovative,Incredible,Indian!
Nov 11, 2006 02:32 PM 12236 Views

The company was formed as Mahindra and Mohammad back in 1945.Three years later it was renamed Mahindra and Mahindra.Its varied products have come to be associated with high quality,ruggedness,durability and operational economy.What makes M&M dear to a non-user like me is that its completely indian.Let us consider a few facts about this great indian organisation.Mahindra and Mahindra Limited is in fact the flagship company of the US $2.59 billion Mahindra group.The group has significant presence in key sectors of the burgeoning indian economy.Set up mainly to make general purpose utility vehicles,it soon branched into tractors and light commercial vehicles.The group is involved in manufacture of farm equipment,Information technology,financial services and infrastructure development.M&M has two main divisions.One is the automotive division(light commercial vehicles,utility vehicles and three wheelers).The other is the tractor division making tractors mainly and industrial engines.For many years the M&M name was associated in india with jeeps(GP actually or general purpose).It offers allied products(Bolero particularly) in markets in Latin America and Africa.Finally the 'Scorpio'.This is the car that was created from the ground level by M&M.For such a pioneering achievement,the ministry of Science conferred the company with its National Award.I am proud to be an indian because india has Mahindra and Mahindra.


Slow and sleepy loses the race
May 15, 2001 09:34 AM 14181 Views

M & M has been a company which has always had tremendous potential. It is symbolic of the country, ''ever pregnant and never delivered''. Going back to history, the company was the importer and reseller of the famous Willy Jeep. Then the group started off International Tractors. Ultimately, it got merged and became the tractor division of M&M. Along the way, it accumulated a whole host of small and sundry businesses.


Amongst family run companies, it is perhaps the most professionally run.


THe company has everything going for it. Its joint venture with BT is a star contributor.


But.. what ails the company?


Firstly, there has been no passion at the top, to make the company excel at anything. Secondly, it has been a safe haven for employees, with longevity being synonymous with loyalty and promotions.


Thirdly and most importantly, the management has always taken a very very soft approach to employees, especially the unionised types. Their employees have been amongst the highest paid in the blue collar segment. ALso, the company has perhaps enjoyed the highest level of overstaffing. Cronyism and giving in to the union leaders have had a major negative impact to this. Even during the holiday season, if you care to visit the plant at Kandivili, even with 40% absenteeism, the shop floor looks overmanned. for every small function, there is a back stop employee. All of this has led to an overfed and bloated workforce.


The management is represented by professionals, who have a very tolerant attitude to workers. THe workers know this and at each occasion, they use this soft underbelly of hte company,to go on strike and seek an increase. THe management, traditionally gives in. Hence this strike syndrome.


Is there a solution? Perhaps you need a guy with iron balls at the top, who can take on labour by thier short hairs. Secondly, they have multiplicity of unions, which makes it easy for each unit to go independently on strike. The solution will not be simple. It would been a battle of attrition and one is not sure that the present management has the courage and strength to go on with it.


There has to be a tough talk, followed by tough action. At worst, the company will bleed big for a year or so, but will stop its gradual and continuous bleeding.


Mahaindra 540
Nov 11, 2000 08:43 PM 12723 Views

I had bought a new Mahindra 540 in the 1991. It was a great machine with poor perfomance. I never got the feeling of driving a new vehicle. Often I was under the hood fixing some nut . The utility vehicle would ratlle for no reason. Huge elephant with no power. I really don't know why companies sell such junks. Do they feel that we Indians are fools to buy anything or we had no choice. I think the companies ike Mahindra has incashed enough on selling technically junk to us. It is high time they must offer something of International quality at International price. If I remember the very first day the gaskit had burst and the car was overheating. I feel they should gift all these utilities to our farmers to transport their garbage at no cost. This way they will help the nation and save many lives on the road as the it runs without breaks.


YOUR RATING ON

Mahindra Finance
1
2
3
4
5

Recommended Top Articles

Recent Questions and Answers on Mahindra Finance

500
Have a question? Ask away!

X