Make your car ownership journey a smooth ride with Mahindra Finance. We offer Car Loans that cater to your needs, with up to 100% financing on ex-showroom value from top brands like Mahindra, Hyundai, TATA Motors, Maruti Suzuki, Renault, and others. Our flexible repayment tenure and affordable EMIs make owning a car a hassle-free experience. Our expert team is always ready to assist you with the loan application process and ensure a seamless experience. Get your dream car today with Mahindra Finance!
We finance most passenger and multi-utility vehicles available in the market.
Our reasonable and affordable interest rates come with up to 100% ex-showroom funding.
Our car loan financing is based on a flat rate model and you can choose to pay via Cash, Cheque or Online.
We cater to all types of customers, salaried and self-employed, including farmers and traders, with or without income proof.
Our simple and quick process can have your car loan sanctioned as soon as your application is approved, subject to document submission.
Calculating your Car Loan EMI has never been easier. Use our Car Loan EMI Calculator to input your desired amount, interest rate and tenure, and view an instant summary of your EMI amounts. You can also simply adjust the amount and tenure to see how it affects your EMI repayments. Get in the driver’s seat faster with our Car Loan EMI Calculator.
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Our Car Loan application process is easy and gives you a quick turnaround. The loan application can be made both online and offline which means you can either visit the nearest branch or opt for our quick 4-step online process.
Start the process by simply submitting your Name, Number and Pin Code.
Our executive will contact you for additional details.
Submit the requested documents for eligibility check and verification
Once verified and approved, your funds will be sanctioned and disbursed.
KYC Documents - Passport/ PAN/ Aadhar (Eligibility Age Criteria is 21 years)
Proof of Income - Salary Slips, Form 16, IT Returns, Bank Statements
Identity and Proof of Address
Disclaimer: MMFSL reserves the right to approve/disapprove the loan after the submission of documents.
Attractive Interest Rates based on your eligibility*
Interest RatesCharged based on product-specific, document, and stamp fees based on the prevailing rates set by the statutory authority and the location of the contract execution.
ChargesStay up-to-date with the latest financial trends and expert insights on Car Loans with our blogs.
Get all the answers to your top Car Loans FAQs with Mahindra Finance
We finance most of the passenger and multi-utility vehicles available in the market.
The auto finance amount is based on the vehicle bought and the profile of the customer. Funding is available up to 100% on ex-showroom value.
We do not fund any accessories unless it is a standard fitting.
The interest rates offered are reasonable and are based on the location of the customer, tenure of loan and customer profile.
We quote on a flat rate basis.
The auto loans from Mahindra Finance are available for a maximum period of 5 years.
Normally, the approval is given in few working days subject to the submission of the required documents. To check the documents required, click here.
Yes, a copy of the agreements will be provided.
No, we do not take collateral security.
Not always; the requirement is dependent on the customer’s financials, which need to meet our credit criteria.
For this, you must send your request through one of our nearest branches. Click here to view a list of our branches.
Yes, you can pay your EMIs in any of our branches. Click here to view the list of our branches. You can also pay your instalments online. Click here to know more.
To foreclose your loan, you must visit your nearby branch to put in a request. Upon your specific request, we will present the settlement amount (while will include a foreclosure fee) and once you’ve paid the same, the necessary termination papers will be issued.
On payment of the last instalment and any other dues as per the agreement, the termination papers including the RTO related papers would be issued and delivered to your address.
The termination letter.
The no-objection letter addressed to the RTO.
Insurance endorsement cancellation letter
You can intimate the branch, which you normally deal with. You can also email us at service.mmfsl@mahindra.com.
No, comprehensive coverage is required.
We do not insist on this, but please take care to arrange for comprehensive insurance and produce the policy copy with our endorsement in time. However, if you pay the premium along with monthly instalments, we can take care of your insurance needs.
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