Utility Vehicle Loan - Features & Benefits

Utility Vehicle Loan - Eligibility & 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.

Utility Vehicle Loan - FAQs

The finance amount is based on vehicle price & the loan eligibility as per the profile.
We do not fund any accessories unless it is a standard fitting by OEM.
The interest rates offered are reasonable and are determined by the location of the customer, loan tenure and customer profile.
The loan is available for a maximum period of 5 years.
Normally, the approval is given in one working day subject to the submission of the required documents. To check the documents required, click here.
Yes, a copy of the agreement will be provided to the applicant post loan disbursement.
To do so, you can send your request to the nearest Mahindra Finance branch. Click here 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 would be issued post loan closure.
On payment of the last installment and any other pending 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 concerned branch, which you normally deal with. Otherwise, you can email us by clicking here.
Comprehensive insurance coverage is mandatory.
We do not insist on this, but please feel free to arrange for comprehensive insurance and produce the policy copy with our endorsement in time. We are always committed to our customers to provide a one-stop solution for all loans & insurance needs. We offer one of the best insurance solutions through our subsidiary company Mahindra Insurance Brokers Ltd. However, if you pay the premium along with monthly installments, we can take care of your insurance needs.
Our innovative and flexible repayment tenures are designed to suit the need of every borrower, with convenient and comfortable schedules. We offer monthly, quarterly and half-yearly repayment schedules depending on the type of product.

Utility Vehicle Loan - EMI Calculator

  • 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

50,000

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

mBlogs

Utility Vehicle Loan - Customer Reviews

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.

Click here to locate the nearest Mahindra Finance

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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