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Personal Loan Finance

At Mahindra Finance, we always take a personal approach to lending, ensuring that our loans provide you with the funds you need, when you need them. Our collateral-free Personal Loans are available exclusively customers and Mahindra Group employees. Whether you’re planning a dream wedding, consolidating debts, or renovating your home, our low-interest loans can help you fulfil your dreams as you’re assured of a first-rate experience, from application to approval. Get a loan that fits your life, not the other way around!

Personal Loan Features and Benefits

Existing Customers

  • Borrowing options start at Rs. 50,000 and go up to 6 Lakhs.
  • Choose your tenure from 12-36 months with zero documentation and instant disbursement.


  • Borrowing options start at Rs. 25,000 and go up to 1.75 Lakhs.
  • Choose your tenure from 6-18 months with minimal documentation and disbursement in few days.

Personal Loan EMI Calculator

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

Select Your Loan Type

1L 1Cr
6% 26%
12 60
Total Amount Payable

  • Principal Amount

  • Total Amount

Monthly EMI

Frequently Asked Questions (FAQs)

Get all the answers to your Personal Loans FAQs with Mahindra Finance

How long will it take for me to receive my personal loan?

Few hours for our digital loans for customers, and within a day for our employees.

Do I need a bank account in order to receive my personal loan?


Where can I get a personal loan from?

You can get your pre-approved personal loan from here for our mature customers. Our current customers can reach out to the nearest branch or click here

What is the minimum and maximum amount that can be issued as a personal loan?

The loan amount will be based on the eligibility of the applicant.

What is the maximum loan repayment period possible?

36 months for our mature customers, and 18 months for the current customers.

How can I repay a personal loan?

The personal loan can be repaid by E-Nach mandate.

How will the personal loan amount be given to me?

The amount shall be disbursed into the bank account where ECS is set up.

Can I prepay my personal loan?

Yes, you can prepay your personal loan at a nominal pre-closure rate.

How to Apply for a Personal Loan

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

Step 1: Loan Customization

Plan your loan - Choose the loan amount and tenure requirement.

Step 2: Complete your KYC

Complete and verify your KYC and personal details.

Step 3: Set your mandate

Set up the auto-debit mandate via debit card or net-banking

Step 4: Sign the agreement

e-Sign the agreement and the money shall be disbursed in your bank account.

Apply Nowarrow

Personal Loan Eligibility & Documents

Mahindra Finance personal loans are available to existing customers with good repayment history and Mahindra Group employees, aged 21-58 that are not in probation/are active in system.

Details needed for matured base: Aadhaar Number, PAN, CKYC, Aadhaar linked mobile number, Bank account number with E-Nach facility

Address Proof-Telephone Bill, Gas Bill, Bank Statement

Other Documents- Salary Slip (3 Months), Bank statement in PDF format (Last 3 months), Cancelled cheque (signature should be the same as signature on PAN Card), Passport size photograph

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 your product-specific, document, and stamp fees based on the prevailing rates set by the statutory authority and the location of the contract execution.

Processing Fees

Get financial support for any milestone or emergency in your life! Apply for a Mahindra Finance Personal Loan now.