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Personal Loan

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. We provide reliable personal loan with attractive interest rates to help you manage your expenses. Our flexible EMI options on personal loans empower you to reach your financial goals without sacrificing your cash flow.

Our instant personal loans are available exclusively for 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 Benefits and Features

Existing Customers

  • We offer personal loan amounts starting at ₹50,000 and goes up to ₹6 Lakhs.
  • Choose your tenure from 12-36 months with zero documentation. our streamlined process ensures quick approval and disbursal of your personal loan online.


  • We offer personal loan amounts starting at ₹25,000 and goes up to ₹1.75 Lakhs.
  • Mahindra Finance personal loan provides the flexibility to choose tenure from 6-18 months with minimal documentation and disbursement in few days.


  • Get upfront information about personal loan benefits, interest rates, fees, and repayment terms before you commit.

Personal Loan EMI calculator

Calculating your EMI has never been easier. Use our user-friendly Personal Loan EMI calculator to make informed decisions about your personal loan. Simply enter your desired loan amount, interest rate, and repayment term to instantly view a breakdown of your monthly payments. You can also simply adjust the amount and tenure to see how it affects your EMI repayments.
Our personal loan interest calculator goes beyond basic EMIs, providing a transparent view of the total loan cost with a breakdown of principal and interest, empowering you to compare options and choose the perfect loan for your financial goals. 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

How to Apply for a Personal Loan

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

Step 1: Loan Customization

Click on the ‘Apply now’ button and choose the loan type

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 and are active in system.

While specific requirements can vary between lenders, some essential criteria for personal loan are:

  • Credit Score
  • Monthly Income
  • Work Experience
  • Debt-to-Income Ratio (DTI)
  • Good credit history

Personal loan documents for matured base: Aadhar Number, PAN, CKYC, Aadhar 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.

Personal Loan Interest & Charges

At Mahindra Finance, we understand that everyone's financial situation is unique. That's why we offer a variety of personal loan options with interest rates that cater to different profiles and loan needs. We're committed to providing fair and transparent pricing, so you can find the perfect loan to fit your budget.

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

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.

What can I use a personal loan for?

A personal loan offers a versatile solution for a wide range of expenses, from major purchases like appliances or home renovations to unexpected needs like medical bills or car repairs. It can even help you consolidate debt, invest in your business, or make a down payment on a new home.

How is the maximum loan amount decided?

While the maximum personal loan amount varies, lenders typically consider two key factors: your income and existing debts.

To ensure comfortable repayments, they often won't approve loans where the monthly payment (EMI) exceeds 30% of your salary, especially for salaried employees. Additionally, they factor in your existing EMIs from other loans to assess your overall debt burden and ability to repay the new personal loan.

What are the advantages of applying for a personal loan online?

Ditch the long queues and paperwork! Applying for a personal loan online allows you to conveniently submit your application from the comfort of your own home, saving you valuable time and effort.

Blogs about Personal loan

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