login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi
phone

Download App

Conveniently pay your EMIs, set payment reminders, view your loan details.

phone
|

What does bounce charge mean?

mahindra-finance-author

by Mahindra Finance

|

May 28, 2024

|

1 mins read

bounce charge is a fee levied by your financial institution if a scheduled loan payment cannot be processed due to insufficient funds in your account. To avoid bounce charges and potential late payment penalties, ensure you have sufficient funds available before your EMI payment is due.

Related articles

Tips to Invest in High-Interest Fixed Deposits

Fixed or time deposits are a common and popular investment option in India. These deposits provide interest higher than a regular savings account and are less risky than other investment options like ...

KNOW MORE

June 29, 2023

How To Get A Personal Loan With A Low CIBIL Score?

Having a low CIBIL score can make it challenging to obtain a personal loan. A low credit score indicates that you may have had some difficulties in the past with financial management. Lenders are ofte...

KNOW MORE

February 5, 2024

Government Schemes For Women Entrepreneurs In India

Women entrepreneurs in India are breaking barriers and making significant strides in the business world. The progress made by women in various fields has led to increased support and encouragement for...

KNOW MORE

April 16, 2024