Commercial Vehicle Loans

Mahindra Finance offers loans on all types of Commercial Vehicles (new and used) of all major manufacturers. To meet your aspirations, we have specialized branches dedicated for providing commercial vehicles and equipment loans. We have also opened Transport Nagars for servicing diverse profiles like truckers, milkman, shopkeeper etc.
Our competitive interest rates are based on factors such as customer profile and location.

Commercial Vehicle Loan - Features & Benefits

For new commercial vehicles and construction equipment, we provide:

Commercial Vehicle Loan - Eligibility & Documents

For new commercial vehicles and construction equipment:

Any individual/partnership firm/Public Ltd. and Pvt. Ltd. company.

For old commercial vehicles and construction equipment:

Any individual/partnership firm. Funding is also extended to first time users as well as transporters.

Documents Required

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

Commercial Vehicle Loan FAQs

Yes, we provide loans on commercial vehicles and construction equipment of all major manufacturers.
The finance for body construction is extended for certain customer profiles as defined by product policy.
The maximum amount of finance depends on the customer profile and the product.
We levy product specific, document and stamp charges on actual basis as levied by the statutory authority and also depends on the place of execution of the contract.
Normally, the loan is sanctioned within 24 hours after all the required documents are submitted.
Yes, a copy of the agreement will be provided to the applicant.
We require a guarantor or co-applicant depending on the profile of the customer and product.
No collateral security required.
Yes, special promotions and tie-ups with several manufacturers/dealers will be running at various locations and at various points of time.
Yes, you can. However, it is always preferred to select the dealer who is nearer to your business or residential location for better after-sales service.
We accept bulk part payments. However, the excess amount will be parked in a suspense account and will not result in the reduction of the loan outstanding or reduction in IRR.
Yes, you can pay your EMIs in any of our branches.
Yes. However, a charge will be levied for the collection of such cheques.
Statement of accounts would be sent after we receive a request from you.
You can intimate the branch, which you normally deal with.
A comprehensive policy is mandatory as per the rules laid down by the concerned authority.
We have in-house Mahindra Insurance Broker Limited which can take care of all your insurance needs and can give you the best deal.
Our field executive would inform you about the documents & vehicle quotation required from your end and visit you at your residence/office to collect the same and forward the same to our credit team for appraising. On approval of the loan, our field executive will visit you to have the loan agreement & PDC/ACH signed, post the same, we will release the Delivery Order to the concerned dealer.
Our field executive would inform you about the documents & vehicle quotation required from your end and visit you at your residence/office to collect the same and forward the same to our credit team for appraising. On approval of the loan, our field executive will visit you to have the loan agreement & PDC/ACH signed, post the same, we will release the Delivery Order to the concerned dealer.
loan process
1 <p>Apply</p>

Apply

2 <p>Select your <br /> product</p>

Select your
product

3 <p>Get <br /> approved</p>

Get
approved

4 <p>Get your loan <br /> sanctioned &amp; <br /> disbursed</p>

Get your loan
sanctioned &
disbursed

Simple loan

application

process

Apply now



Cars are no longer a luxury today; they have become a necessity. But if you are worried about your budget, simply apply for a car loan to make your dream of owning a car come true. Mahindra Finance makes car ownership a reality as you get financing up to the full cost of the vehicle.

Thanks to a simple and quick loan application procedure from Mahindra Finance, you can have your car loan sanctioned in no time and can choose a convenient repayment schedule. This allows you to devote your time and attention to research car brands, models, and loan budget details.

How to apply for a car loan

Mahindra Finance has made its car loan application process easy so that potential car owners can have a hassle-free experience. The loan procedure is available both online and offline, and you can either visit the nearest branch or opt for our time-saving online loan process.

It involves four easy steps:

Step 1: Go to the website

The first step is to start the application process by clicking the ‘Apply Now’ button on the website. You will be directed to a page where you will see different fields to be filled in. As you read further, you will get an idea of the information needed for filling out your car loan application. You can start applying once you are ready with the details.

Step 2: Select your product

  • The application form for a car loan requires you to select an appropriate product from the two given options: ‘Investment’ and ‘Loan’. Choose ‘Loan'. 
  • The next section will require you to ‘Select loan type’. It will show all the types of loans on offer that you can choose from.
  • Depending on the type of purchase (used or new), choose either ‘car loans’ or ‘pre-owned car loans’.  
  • The final section in this step is entering your employment type and other personal details as applicable
  • Once you have done all these, go back and cross-check the details and hit ‘submit’.
  • Step 3: Get your loan approved

    Once you fill in the details and submit the form, you will get a call back from our executive. They will ask you to share the supporting documents for the details mentioned in the car loan application form. This includes KYC documents such as PAN card, Aadhaar card, any government-issued ID, salary slip, Form 16 for eligibility check, and proof of address. These documents are required for verification.

    Step 4: Get your loan sanctioned and disbursed

    The final step of the car loan application is approval and disbursement of your loan amount. After verification, your loan will be sanctioned immediately, and the amount will be credited if the documents are satisfactory. If not, you might be requested to submit additional documents.

    Now, wasn’t that easy and quick? So, stop dreaming about owning a new car and apply for a car loan with Mahindra Finance today!

    Commercial Vehicle Loan Mblogs

    Commercial vehicle Loan Customer Speak

    Get in Touch

    Mahindra & Mahindra Financial Services Limited
    4th Floor, Mahindra Towers,
    Dr. G.M. Bhosale Marg,
    P.K. Kurne Chowk, Worli,
    Mumbai 400 018.

    emailEmail: [email protected]

    callToll free number: 1800 233 1234 (Mon–Sun, 8am to 10pm)

    (Except National Holidays)

    whatsappWhatsApp number: 7066331234

    Click here to locate the nearest Mahindra Finance branch around you

    Calculate Your EMI

    • Diverse loan offerings
    • Less documenation
    • Quick processing
    Loan Amount
    Tenure In Months
    Rate of Interest %
    Principal: 75 %
    Interest Payable: 25 %

    For illustration purpose only

    Total Amount Payable

    50000

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