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Personal Loans

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Personal Loans

New look to my old house - without any difficulty!

I took a personal loan from Mahindra Finance as I wanted to renovate my house. The rate of interest being offered to me was very low. So I took it, and I found the loan process to be smooth and quick. The entire house renovation process...

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- Mr. Sharad Patel, Nashik

*Images are for reference only. Actual customer images may vary.
  • Features & Benefits
  • Eligibility & Documentation
  • FAQs
  • Instant personal loan approval and disbursement in 2 days
  • Loans of up to Rs. 3 lakh
  • Hassle-free documentation with maximum flexibility
  • Maximum loan tenure of up to 3 years*
  • Easy EMI payment option through cheque, ECS, mobile transfer or cash at the branch

*Conditions Apply

Eligibility:

The personal loan is available for existing Mahindra Finance customers and Mahindra Group employees only.

For existing Mahindra Finance customers:

A good repayment track record is mandatory

For Mahindra Group employees:

  • All confirmed employees of M&M Ltd., or any of its subsidiary companies
  • Should have completed at least two years of service with the organisation
  • Should be between 21 to 58 years of age

Documents required:

  • Photographs of the borrower and guarantor
  • KYC Documents
  • Pan card copy
  • Income proof/proof of profession/bank statements of three months

FAQs:

Personal Loans

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How long will it take for me to receive my personal loan?

It will take just two working days.

Do I need a bank account in order to receive my personal loan?

Yes.

Where can I get a personal loan from?

You can get your personal loan from any Mahindra Finance branch. Click here to locate a branch nearest to you.

What is the minimum and maximum amount that can be issued as a personal loan?

The loan amount will be based on the eligibility of the applicant.

What is the maximum loan repayment period possible?

The maximum repayment period is 2 years.

How can I repay a personal loan?

The personal loan can be repaid by Local PDC, ECS or by way of Salary Deduction.

How will the personal loan amount be given to me?

By way of cheque or direct credit to your account.

Can I prepay my personal loan?

Yes, you can prepay your personal loan at a nominal pre-closure rate.

© 2013 Mahindra Finance

CIN - L65921MH1991PLC059642

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