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Corporate Finance

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Corporate Finance by Mahindra Finance

Mahindra Finance offers corporate lending that provides a hassle-free way of fulfilling your general corporate, working capital and capital expansion needs. Alternatively, you could use it for high cost debt substitution.

  • Features & Benefits
  • Eligibility & Documentation
  • FAQs
  • Finance amount: Up to Rs. 25 crore
  • Tenure: 1 year to 5 years
  • Security: Normally asset cover of 1.5 times

Eligibility:

SME loans are offered to companies/partnership firms in select sectors like automobiles, auto-ancillary and food and agri-processing.

  • The company/firm must be in business for at least 3 years with profit in the last audited financial year
  • Greenfield projects can be considered only from established players in that business
  • Dealer inventory funding corporate loans can be considered for established dealers of reputed automobile OEMs

Documents required:

  • Company profile including existing product range
  • Promoter profile including KYC details
  • Purpose of the corporate loan
  • Security offered
  • Audited balance sheets of the last 3 years

The credit officer might require additional documents during the credit evaluation.

To apply, just email us at SME.solutions@mahindra.com and we will get back to you.

FAQs:

Corporate Loans

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How do I approach Mahindra Finance for corporate finance?

You may reach us at 022-6632-7940. You may also email your queries at sme.solutions@mahindra.com.

How much corporate loan can I avail of? How is the quantum decided?

The corporate loan quantum is decided based on your requirement, credit assessment and repayment capacity. However, it is limited to Rs. 25 crore.

What can be accepted as security?

We accept a wide range of securities. The spectrum includes land & real estate property; plant & machinery, equipment; Fixed Deposits, Deposit Certificates, KVP, NSC, securities issued by Central and State Governments, gold and other cash equivalents; life insurance policies; and others.

How long will it take to get a corporate finance?

Your corporate finance will be processed within 10 working days provided everything is in order.

How do I repay my corporate loan?

You have the flexibility of opting for Equated Instalment, Bullet Repayment or Ballooning Repayment (depending on the requirements of your business). PDCs, ECS mandate and Electronic Transfers are all accepted means of payment.

Can I prepay the corporate loan?

Yes, you can prepay the corporate loan. Foreclosure charges at 2% shall be applicable on the principal outstanding.

© 2017 Mahindra Finance

CIN - L65921MH1991PLC059642

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