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Mahindra Finance offers you one of the most convenient and easy-to-get personal loans. We offer a comprehensive range of personal loans, so whether you want a loan for your dream vacation, wedding or medical emergency, we have got you covered.
Our instant approval on personal loans comes with key features like minimum documentation, maximum flexibility, and less than 48 hours disbursal. In addition, you get loans of up to Rs. 3 lakh with easy EMI options.
Mahindra & Mahindra Financial Services Limited (MMFSL) is a rural NBFC headquartered in Mumbai, India. It is amongst the top tractor financers in India and offers a wide range of financial products to address varied customer requirements.
The NBFC has 1000+ offices spread over 1 in every 3 villages across India with a total of more than 4.7 million customers to date.
Mahindra Finance started on 1 January 1991, as Maxi Motors Financial Services Limited. They received the certificate of commencement of business on 19 February 1991.
On 3 November 1992, Mahindra Finance changed its name to Mahindra & Mahindra Financial Services Limited. Mahindra Finance is registered with the Reserve Bank of India as asset finance, deposit taking NBFC.
In 1993 it commenced financing M&M Utility vehicles and in 1995 started its first branch outside Mumbai, in Jaipur. The company began financing Non-M&M vehicles in 2002 and got into the business of financing commercial vehicles and construction equipment in 2009.
2011 was the year in which they had a joint venture with Rabobank subsidiary for tractor financing in the US and consolidated the product portfolio by introducing small and medium enterprises (SME) financing.
personal Loan – Eligibility & Documents
The personal loan is available for existing Mahindra Finance customers and Mahindra Group employees only.
Features & Benefits
Instant approval within 2 days
Loan Up to 3Lakhs
Hassle-free documentation process
Maximum loan tenure up to 3Years
Easy EMI options
For existing Mahindra Finance customers:
A good repayment track record is mandatory.
For Mahindra Group employees:
All confirmed employees of M&M Ltd., or any of its subsidiary companies
Minimum two years of service with the organization
Should be between 21 to 58 years of age
Personal Loan FAQs
Q1. How long will it take for me to receive my personal loan?
It will take 2 working days
Q2. Do I need a bank account in order to receive my personal loan?
Q3. Where can I get a personal loan from?
You can get your personal loan from any Mahindra Finance branch. Click here to locate a branch nearest to you.
Q4. 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.
Q5. What is the maximum loan repayment period possible?
The maximum repayment period is 2 years.
Q6. How can I repay a personal loan?
The personal loan can be repaid by local PDC, ECS, or by the way of salary deduction.
Q7. How will the personal loan amount be given to me?
By the way of cheque or direct credit to your account.
Q8. Can I prepay my personal loan?
Yes, you can prepay your personal loan at a nominal pre-closure rate.
Apply from the official website – “Click Here“