login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi
phone

Download App

Conveniently pay your EMIs, set payment reminders, view your loan details.

phone
|

What are the ‘rate of interest’ options for home loans?

mahindra-finance-author

by Mahindra Finance

|

June 22, 2023

|

1 mins read

Fixed for all customers other than salaried semi-urban class customers: The rates will be fixed during the tenure of the loan and applicable as prevalent on the date of 1st disbursement, subject to revision every 3 years depending on the money market conditions.

Variable for salaried semi-urban and urban class customers: The rates will fluctuate as per the money market conditions and will be notified from time to time.

Related articles

Factors That Influence Business Loan Interest Rates

One of the most important factors when applying for a business loan is the interest rate. The interest rate determines the cost of borrowing and can significantly impact your ability to repay the loan...

KNOW MORE

May 13, 2024

What is a Fixed Deposit? What are the Different Types of Fixed Deposits?

A fixed deposit is one of the most traditional and popular investment plans in India. Many people invest a sizeable portion of their income in a fixed deposit or FD plan. If you are just starting your...

KNOW MORE

February 5, 2024

Top Swaraj Series Tractors Currently Available In India 2022

When it comes to tractors, Swaraj is one of the most trustworthy and oldest brands in India. The company has been in the tractor business for decades and currently offers...

KNOW MORE

June 29, 2023