Select Login
Select Product Type

Secured Business Loan Calculator

You are here:

Secured Business Loans

If you're looking to propel your new business or further enhance the output of your existing one, our secured business loan is the right choice. Acquire convenient funding for general corporate purposes, against unencumbered security.

  • Features & Benefits
  • Eligibility & Documentation
  • FAQs
  • Finance amount: Based on valuation of property
  • Security: Normally asset cover of 1.5 to 2 times
  • Tenure: Up to 7 years linked to business cycle

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 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 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:

Secured Business Loans

Expand all Collapse all

How do I approach Mahindra Finance for a loan?

You may reach us at 022-6652-3500. You may also email your queries at sme.solutions@mahindra.com.

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

The loan quantum is decided based on your requirement, and valuation of the property.

What can be accepted as security?

An unencumbered property is required.

How long will it take to get the loan?

The loan will be processed within 10 working days provided everything is in order.

How do I repay my 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 loan?

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

Enter the details to calculate how much you need to pay every month towards your loan repayment.

20,000

5,00,000

10%

30%

1

84

Disclaimer: The figures provided are only indicative. For exact details kindly contact your nearest Branch.

-->

Loan Calculator

aaaaYou have a vision for your business; don't compromise it with unsecured loans. Loans that are secured can propel your business requirements significantly. With attractive interest rates, these loans for SMEs are uniquely designed to give the level of security that businesses need.

Use the calculator to estimate the EMI amount that will be dedicated towards the SME loan. Enter the tenure and the amount of the loan along with the interest rate in the loan calculator. With this, you can choose the most suitable loan options for your business. Unsecured loans, when compared to secured business loans, do not assure security amongst their barrage of offers. Factors such as financial advice, longer tenure and attractive interest rates are the only reason why small businesses choose to go for secured business loans. Make a better decision with the help of our handy calculator.

Enter the details to calculate how much you need to pay every month towards your loan repayment.

20,000

5,00,000

10%

30%

1

120

Disclaimer:

The figures provided are only indicative. For exact details kindly contact your nearest Branch.

© 2014 Mahindra Finance

CIN - L65921MH1991PLC059642

Please rotate your IPAD to Landscape Mode.