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Car Loan Finance

Make your car ownership journey a smooth ride with Mahindra Finance. We offer Car Loans that cater to your needs, with up to 100% financing on ex-showroom value from top brands like Mahindra, Hyundai, TATA Motors, Maruti Suzuki, Renault, and others. Our flexible repayment tenure and affordable EMIs make owning a car a hassle-free experience. Our expert team is always ready to assist you with the loan application process and ensure a seamless experience. Get your dream car today with Mahindra Finance!

Car Loan Features and Benefits

Wide Variety of Vehicles

We finance most passenger and multi-utility vehicles available in the market.

Attractive Interest Rates

Our reasonable and affordable interest rates come with up to 100% ex-showroom funding.

Multiple Repayment Options

Our car loan financing is based on a flat rate model and you can choose to pay via Cash, Cheque or Online.

Minimal Documentation

We cater to all types of customers, salaried and self-employed, including farmers and traders, with or without income proof.

Quick Disbursal

Our simple and quick process can have your car loan sanctioned as soon as your application is approved, subject to document submission.

Car Loan EMI Calculator

Calculating your Car Loan EMI has never been easier. Use our Car Loan EMI Calculator to input your desired amount, interest rate and tenure, and view an instant summary of your EMI amounts. You can also simply adjust the amount and tenure to see how it affects your EMI repayments. Get in the driver’s seat faster with our Car Loan EMI Calculator.

Select Your Loan Type

1L 1Cr
6% 26%
12 60
Total Amount Payable

  • Principal Amount

  • Total Amount

Monthly EMI

How to Apply for a Car Loan

Our Car Loan application process is easy and gives you a quick turnaround. The loan application can be made both online and offline which means you can either visit the nearest branch or opt for our quick 4-step online process.

Step 1: Fill in your contact details

Start the process by simply submitting your Name, Number and Pin Code.

Step 2: Get a Call Back

Our executive will contact you for additional details.

Step 3: Document Verification & Approval

Submit the requested documents for eligibility check and verification

Step 4: Successful Disbursal

Once verified and approved, your funds will be sanctioned and disbursed.

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Car Loan Eligibility & Documents

KYC Documents - Passport/ PAN/ Aadhar (Eligibility Age Criteria is 21 years)

Proof of Income - Salary Slips, Form 16, IT Returns, Bank Statements

Identity and Proof of Address

Disclaimer: MMFSL reserves the right to approve/disapprove the loan after the submission of documents.

Interest and Charges

Attractive Interest Rates based on your eligibility*

Interest Rates

Charged based on product-specific, document, and stamp fees based on the prevailing rates set by the statutory authority and the location of the contract execution.


Blogs about Car Loans

Stay up-to-date with the latest financial trends and expert insights on Car Loans with our blogs.

Frequently Asked Questions (FAQs)

Get all the answers to your top Car Loans FAQs with Mahindra Finance

Do you give loans for all makes of cars?

We finance most of the passenger and multi-utility vehicles available in the market.

What is the maximum amount of car loan available?

The auto finance amount is based on the vehicle bought and the profile of the customer. Funding is available up to 100% on ex-showroom value.

 Do you finance just the cars or the accessories as well?

We do not fund any accessories unless it is a standard fitting.

What is the car loan interest rate?

The interest rates offered are reasonable and are based on the location of the customer, tenure of loan and customer profile.

 Is your quote on a flat rate basis or on a diminishing balance basis?

We quote on a flat rate basis.

 What is the maximum repayment period for an auto loan?

The auto loans from Mahindra Finance are available for a maximum period of 5 years.

 How much time does loan sanctioning take?

Normally, the approval is given in few working days subject to the submission of the required documents. To check the documents required, click here.

Will you give me a copy of the agreement duly filled in for my records?

Yes, a copy of the agreements will be provided.

Do you need any collateral security?

No, we do not take collateral security.

Will you always require a guarantee?

Not always; the requirement is dependent on the customer’s financials, which need to meet our credit criteria.

What should I do in case I wish to replace my post-dated cheques?

For this, you must send your request through one of our nearest branches. Click here to view a list of our branches.

Can I pay the monthly instalments in any branch?

Yes, you can pay your EMIs in any of our branches. Click here to view the list of our branches. You can also pay your instalments online. Click here to know more.

What is the procedure in case I wish to foreclose my account?

To foreclose your loan, you must visit your nearby branch to put in a request. Upon your specific request, we will present the settlement amount (while will include a foreclosure fee) and once you’ve paid the same, the necessary termination papers will be issued.

What should I do when my contract tenure gets over?

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.

What papers do I have to collect on termination?

The termination letter.

The no-objection letter addressed to the RTO.

Insurance endorsement cancellation letter

What should I do in the case of address change? Who should I intimate?

You can intimate the branch, which you normally deal with. You can also email us at service.mmfsl@mahindra.com.

Is a third party insurance cover enough?

No, comprehensive coverage is required.

Do you insist that insurance has to be done only through your agent? Can I take responsibility for insurance on my own?

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.

Your dream car awaits! Get started with an affordable Mahindra Finance Car Loans now!