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Here's how a car loan helped Rajkumar Kashyap realise his dream.
I live in the slum area of Surat and have my own scrap business. I have been associated with Mahindra Finance since the last nine years. In 2004, when I needed a loan I approached many banks and financiers but no one was ready to provide me a loan due to lack of documents.... Read More
My wife and kids always used to complain to me that other relatives have a car, and we don't. However, being an ordinary petrol attendant with a modest income, I had to admit that buying a car was next to impossible... Read More
A car loan from Mahindra Finance can be taken by all salaried and self-employed persons, including farmers and traders as well.
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We finance most of the passenger and multiutility vehicles available in the market.
The finance amount is based on the vehicle bought and the profile of the customer. Avail funding upto 100%* on ex-showroom value
We do not fund any accessory unless it is a standard fitting.
The interest rates offered are comparable with the best in the industry and are determined by the location of the customer, tenure of loan and customer profile.
We quote on a flat rate basis.
The loan is available for a maximum period of five years.
Normally, the approval is accorded in one working day on submission of all the required documents. To check the documents required, click here. List of documents is wrong/incomplete
Yes, a copy of the agreements will be provided.
No. We do not take collateral security
Not always, the requirement is dependent on the customer financials, required to meet our credit criteria.
For this, you must send your request through one of our nearest branches. Please see 'Our Network' to view a list of our branches.
Yes. You can remit your instalments in any of our branches. Click here to view the a list of our branches. You can aso pay your instalments online. Pls visit mahindrafinance.com/customerportal for further details.
Under the finance agreement, foreclosure is not contemplated. However, upon your specific request, we may advise the settlement amount to you and on remittance of the same, the necessary termination papers would be issued.
On payment of the last instalment and any other dues as per the agreement, the termination papers including the RTO-related papers would be issued and delivered to your address as per records
The following has to be submitted:
You can intimate the branch, which you normally deal with. Else, send us an email by clicking here.
No it is not. Comprehensive coverage is required.
We do not insist on this, but please take care to arrange for comprehensive insurance and produce the policy copy with our endorsement in time. However, if you pay the premium along with monthly instalments, we can take care of your insurance needs.
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