Three Wheeler Loan Features and Advantages

Three Wheeler Loan Eligibility and Documents

All customers between 21 to 58 years of age.

Documents Required

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

Three Wheeler Loan FAQs

Yes, we provide finance for all major three-wheelers that are currently available in the Indian market.
The finance amount is based on the vehicle bought and the profile of the customer.
We do not fund any accessories unless it is a standard fitting.
The interest rates offered are best in industry and are determined by the location of the customer, tenure of loan and customer profile.
The three-wheeler loan is available for a maximum period of 4 years.
Normally, the approval is given in one working day after all the required documents are submitted. To check the documents required, click here.
No, collateral security is not required.
To do so, you can send your request through one of our nearest branches. Please see 'Our Network' to view a list of our branches.
Yes. You can remit your installments in any of our branches. Click here to view a list of our branches.
Under the finance agreement, foreclosure is not contemplated. However, upon your specific request, we may advise the settlement amount to you and on remittance of the same, the necessary termination papers.
On payment of the last installment and any other dues as per the agreement, the termination papers including the RTO related papers would be issued.
The termination letter
The no-objection letter addressed to the RTO
Insurance endorsement cancellation letter
You can intimate the branch, which you normally deal with. Otherwise, you can email us by clicking here.
No, comprehensive coverage is required.
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 installments, we can take care of your insurance needs.
Yes, a copy of the agreement will be provided to the applicant.
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!

    Three Wheeler Loan Mblogs

    Three Wheeler 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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