Used Car Loan Interest Rates & Charges

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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.

Charges

Frequently Asked Questions (FAQs)

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

How do I approach Mahindra Finance for a Used Car loan?

Contact or visit your nearest Mahindra Finance branch. You can even apply online and we’ll get in touch with you shortly.

What are the eligibility criteria for availing a Used Car loan?

Eligibility for a used car loan from Mahindra Finance depends on the individual appraisal and the product, and all loans are given at the sole discretion of the company.

What are the minimum and maximum loan amounts given?

It depends on the age and condition of the vehicle and repayment capability of an individual.

What are the tenure options under used car loans?

Minimum 1 year and maximum 5 years, depending on the age and condition of the vehicle.

How much time will it take for a used car loan to be approved?

Our extensive network of branches at over 1365 Locations have speedy and simple documentation processes and with the capability of our executives to make quick, smart decisions, the process of obtaining a used car loan is a quick and smooth one.