Features & Benefits

Name: Two-wheeler Loan
Brand: Mahindra Finance

Quick and efficient loan approval

Special 0.5% rebate for women customers

Maximum funding of up to 80% on LTV

Flexible repayment option, ranging from 12 to 36 months

Loan insurance available

Eligibility

All customers between 21 to 58 years of age.

Documents Required

KYC documents

Income proof

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

FAQs

Q1. How much finance can I avail of?

You can avail finance of up to on-road 85% of the invoice price of two-wheeler.

Q2. What are the tenure options?

The tenure options available are up to 36 months.

Q3. Do I have the option of pre-paying the entire bike loan amount?

Yes, at a nominal pre-closure rate.

Q4. How long will it take to process the two-wheeler loan?

The two-wheeler loan process will be completed within two days.

Q5.Can I get a bike loan without proof of income?

Yes, with other documents in place.

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

Two-wheeler loan EMI calculator from Mahindra Finance

These days, many Indians consider a two-wheeler loan to buy a bike of their choice. However, there are multiple factors that one needs to consider before getting a two-wheeler loan, such as the rate of interest, processing fee, and other possible charges. In this regard, a bike loan EMI calculator can eliminate a lot of hassle and give an accurate breakdown of the EMI for the chosen loan tenure.

How do I use a two-wheeler loan EMI calculator?

The bike loan EMI calculator from Mahindra Finance gives you instant results, allowing you to make a well-informed decision. To use the bike EMI calculator, put the loan amount you are planning to take, choose the preferred loan period (in months) and interest rate, and analyse your upcoming monthly instalment that suits your pocket.

How to know if I am eligible for getting a two-wheeler loan?

To get started, all you need to do is share your regular income statement and general KYC documents and wait for your application to be processed at the earliest.

The two-wheeler loan EMI calculator from Mahindra Finance makes the purchase process convenient by allowing you to gauge your finances for the loan tenure you choose. Interest rates are competitive, and loan disbursal is smooth. What’s more, your transactions are safe and secure, with assured privacy. So, apply for a two-wheeler loan from Mahindra Finance today and ride off on the bike of your dreams!

Apply

Select your
product

Get
approved

<p>Get your loan <br /> sanctioned & <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!

Two Wheeler Loan Mblogs

Two wheeler loan Customer Speak

I chose Mahindra Finance because I was attracted by the interest rates they were providing. I have compared Mahindra Finance to other finance companies, and found the staff completely professional and co-operative. They offer loans according to the need of the customer with low interest rates. Their representatives are in touch with me every month and remind me about their scheme updates and interest paying dates.