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Mahindra Finance Utility Vehicle Financing

Mahindra Finance understands the need for Utility Vehicles that can cater to the personal and business transportation requirements of customers. That’s why we provide structured Utility Vehicle loans and offer flexible repayment options, tailor-made to fit every budget and financial requirement. Whether you’re looking to buy a new or used Utility Vehicle, our long and reputable history in financing Utility Vehicles combined with flexible loan options can help you achieve your goals. Plus, with our hassle-free loan application process and quick approvals, you can get behind the wheel of your Utility Vehicle in no time.

Utility Vehicle Loans Features and Benefits

Easy to Manage Loans

Enjoy flexible repayment between 12 to 60 months on a monthly, quarterly or half-yearly schedule.

Quick Disbursal

Approval can be granted within few working days, subject to the submission of the accurate documents.

Attractive Interest Rates

Our reasonable and affordable interest rates are tailored to your profile, location and tenure.

Multi Repayment Options

Pay via Cash, Cheque or Online, we ensure you have all the flexibility you need to make your payments.

Minimal Documentation

Our minimal documentation and simple eligibility criteria ensures you get access to funds quickly.

No Mortgage Required

Avail stress-free, no collateral, utility vehicle loans without mortgaging your land or house.

Transparent Process

Enjoy our transparent loan process with SMS updates, no extra charges and other restrictions.

Utility Vehicle Loan EMI Calculator

Calculating your Utility Vehicle Loan EMI has never been easier. Use our Utility Vehicle Loan EMI Calculator to input your desired amount, interest rate and tenure, and view an instant summary of your EMI amounts. You can also simply adjust the amount and tenure to see how it affects your EMI repayments. Get on the road faster with our Utility Vehicle Loan EMI Calculator.

Select Your Loan Type

1L 1Cr
6% 26%
12 58
Total Amount Payable

  • Principal Amount

  • Total Amount

Monthly EMI

How to Apply for a Utility Vehicle Loan

Our Utility Vehicle Loan application process is easy and gives you a quick turnaround. The loan application can be made both online and offline which means you can either visit the nearest branch or opt for our quick 4-step online process.

Step 1: Fill in your contact details

Start the process by simply submitting your Name, Number and Pin Code.

Step 2: Get a Call Back

Our executive will contact you for additional details.

Step 3: Document Verification & Approval

Submit the requested documents for eligibility check and verification

Step 4: Successful Disbursal

Once verified and approved, your funds will be sanctioned and disbursed.

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Utility Vehicle Loan Eligibility & Documents

KYC Documents (Aadhar card mandatory)

Proof of Income and Address

2 Colour Passport Sized Photographs

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

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.


Frequently Asked Questions (FAQs)

Get all the answers to your top Utility Vehicle Loans FAQs with Mahindra Finance

What is the maximum finance amount of loan available for utility vehicles?

The finance amount is based on vehicle price & the loan eligibility as per the profile.

Do you finance just the utility vehicles alone or the accessories as well?

We do not fund any accessories unless it is a standard fitting by the OEM.

What is the interest rate for loans?

The interest rates offered are reasonable and are determined by the location of the customer, loan tenure and customer profile

What is the maximum repayment time for a loan?

The loan is available for a maximum period of 5 years.

 How much time does loan sanctioning take?

Normally, the approval is given in few working days subject to the submission of the required documents. To check the documents required, click here.

Will you give me a copy of the agreement duly filled in for my records?

Yes, a copy of the agreement will be provided to the applicant post loan disbursement.

Do you need any collateral security to avail loan on utility vehicles?

No, collateral security is not required.

Will you always require a guarantee?

Not always.

What should I do in case I wish to replace my PDCs?

To do so, you can send your request to the nearest Mahindra Finance branch. Click here to view a list of our branches.

Can I remit the instalments in any branch?

Yes. You can remit your instalments in any of our branches. Click here to view a list of our branches.

What is the procedure in case I wish to foreclose my account?

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.

What should I do when my contract tenure gets over?

On payment of the last instalment and any other pending dues as per the agreement, the termination papers including the RTO related papers would be issued.

What papers do I have to collect on termination?

The termination letter.

The no-objection letter addressed to the RTO.

Insurance endorsement cancellation letter

What should I do in the case of address change? Who should I intimate?

You can intimate the concerned branch, which you normally deal with. Otherwise, you can email us by clicking here.

Is a third party insurance cover enough?

Comprehensive insurance coverage is mandatory.

Do you insist that insurance has to be done only through your agent? Can I take responsibility for insurance on my own?

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 instalments, we can take care of your insurance needs.

What are the loan tenure options for MUVs & SUVs?

Our innovative and flexible repayment tenures are designed to suit the needs of every borrower, with convenient and comfortable schedules. We offer monthly, quarterly and half-yearly repayment schedules depending on the type of product.

Get the key to your success with customized Utility Vehicle Loans made for you!