Commercial Vehicle Loans – Mahindra Finance

Do you need any collateral security?

Vipul Hingu — Sat, 24 Jun 2023 13:30:38 +0000

No collateral security required.

Do you provide commercial vehicle finance and construction equipment finance?

Vipul Hingu — Thu, 22 Jun 2023 05:58:04 +0000

Yes, we provide loans on commercial vehicles and construction equipment of all major manufacturers.

How do I obtain commercial vehicle finance?

Vipul Hingu — Thu, 22 Jun 2023 05:55:46 +0000

Our field executive would inform you about the documents & vehicle quotation required from your end and visit you at your residence/office to collect the same and forward the same to our credit team for appraising. On approval of the loan, our field executive will visit you to have the loan agreement & PDC/ACH signed, post the same, we will release the Delivery Order to the concerned dealer.

Is it necessary that the insurance must be done only through your agent? Can I take the responsibility on my own?

Vipul Hingu — Thu, 22 Jun 2023 05:55:10 +0000

We have in-house Mahindra Insurance Broker Limited which can take care of all your insurance needs and can give you the best deal.

Is a third party insurance cover alone enough?

Vipul Hingu — Thu, 22 Jun 2023 05:54:20 +0000

A comprehensive policy is mandatory as per the rules laid down by the concerned authority.

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

Vipul Hingu — Thu, 22 Jun 2023 05:52:49 +0000

You can intimate the branch, which you normally deal with.