Mahindra Finance India - Vehicle Loans
Welcome to Mahindra Finance India's vehicle loans page. Here you will find all the details about our vehicle loan offerings.
Types of Vehicle Loans
- New Car Loans
- Used Car Loans
- Commercial Vehicle Loans
- Two-Wheeler Loans
Eligibility Criteria
To be eligible for a vehicle loan from Mahindra Finance India, you need to meet the following criteria:
- Minimum age of 21 years
- Regular source of income
- Good credit history
Documents Required
When applying for a vehicle loan, you will need to submit the following documents:
- Identification proof (Aadhar card, passport, driving license)
- Address proof (electricity bill, rental agreement, voter ID)
- Income proof (salary slips, bank statements)
Interest Rates
Our interest rates for vehicle loans are competitive and vary based on the loan amount, tenure, and your credit score.
Loan Tenure
We offer flexible loan tenure options ranging from 12 months to 60 months, depending on the type of vehicle loan you choose.
How to Apply
To apply for a vehicle loan from Mahindra Finance India, you can visit our website or contact our nearest branch for assistance.
Thank you for considering Mahindra Finance India for your vehicle financing needs. We look forward to helping you drive your dream vehicle!
Frequently Asked Questions about Vehicle Loans with Mahindra Finance
1. What are the eligibility criteria for getting a vehicle loan with Mahindra Finance?
To be eligible for a vehicle loan with Mahindra Finance, you must be a resident of India, aged between 21 to 65 years, have a good credit score, and meet the income requirements set by the company.
2. What type of vehicles can I finance with Mahindra Finance?
Mahindra Finance provides loans for a wide range of vehicles including cars, commercial vehicles, tractors, and construction equipment.
3. What documents do I need to submit when applying for a vehicle loan with Mahindra Finance?
Typically, you would need to submit proof of identity, address, income, and the vehicle you are planning to purchase. The exact list of required documents may vary depending on the type of loan and your specific circumstances.
4. How long does it take to get approval for a vehicle loan with Mahindra Finance?
Once you have submitted all the required documents and completed the application process, the approval decision is usually communicated within a few working days.
5. Can I prepay my vehicle loan with Mahindra Finance?
Yes, you can prepay your vehicle loan with Mahindra Finance. However, prepayment charges may apply depending on the terms of your loan agreement.
