Apply for Personal Loan Online - Instant Approval by Mahindra Finance

Dream big with Mahindra Finance Personal Loan

personal Loan - Features & Benefits

Instant personal loan approval and disbursement in 2 days

Loans up to Rs. 3 lakh

Hassle-free documentation with maximum flexibility

Maximum loan tenure of up to 3 years*

Easy EMI payment options

personal Loan - Eligibility & Documents

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
Minimum 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

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

personal Loan FAQs

Q1. How long will it take for me to receive my personal loan?

It will take just two working days.

Q2. Do I need a bank account in order to receive my personal loan?

Yes.

Q3. 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.

Q4. 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.

Q5. What is the maximum loan repayment period possible?

The maximum repayment period is 2 years.

Q6. How can I repay a personal loan?

The personal loan can be repaid by local PDC, ECS or by the way of salary deduction.

Q7.How will the personal loan amount be given to me?

By the way of cheque or direct credit to your account.

Q8.Can I prepay my personal loan?

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

personal Loan - Calculate your EMI

Diverse loan offerings
Less documenation
Quick processing

Loan Amount

Tenure In Months

Rate of Interest %

EMI Amount 2,000

Principal: 75 %

Interest Payable: 25 %

For illustration purpose only

Total Amount Payable

50,000

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mBlogs

Personal Loan Customer Speak

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 was hassle-free, and I owe a lot to Mahindra Finance.