Three Wheeler/Auto Rickshaw Loan In India (2025)

Three-Wheeler Loan Finance

Mahindra Finance offers effortless credit options for purchasing a three-wheeler, whether it’s an auto-rickshaw, tempo, or e-rickshaw, for personal or commercial use. We understand that obtaining financing can be a long process, which is why we’ve designed our loan options to be user-friendly and accessible. Mahindra Finance sets itself apart from competitors by providing attractive interest rates, flexible repayment plans, and rapid loan approvals. Plus, our team of friendly experts are always available to guide and support you throughout the process.

Three-Wheeler Loan Features and Benefits

Wide Variety of Vehicles

We finance three-wheelers for personal and commercial use, hybrid/electric e-rickshaws and more.

Attractive Interest Rates

Choose our affordable interest rates and use the EMI calculator to estimate your repayments.

Flexible Repayment Options

Pay via Cheque, Online or Cash at the nearest branch, with tenures ranging from 12-42 months.

Easy Process

We keep documentation minimal and transactions transparent, you receive SMS updates at every stage.

Quick Disbursal

A simple loan application procedure ensures a Three-Wheeler loan sanctioned within few working hours, subject to document submissions.

Three-Wheeler Loan EMI Calculator

Calculating your Three Wheeler Loan EMI has never been easier. Use our Three Wheeler 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 on the road faster with our Three Wheeler Loan EMI Calculator.

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Total Amount Payable

₹ 3,52,090

Principal Amount
₹ 3,40,000
Total Amount
₹ 3,52,090

Monthly EMI

₹ 29,341

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How to Apply for a Three-Wheeler Loan

Our Three-Wheeler 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.

Step 1: Fill in your contact details

Start the process by simply submitting your Name, Number and Pin Code.

Step 2: Get a Call Back

Our executive will contact you for additional details.

Step 3: Document Verification & Approval

Submit the requested documents for eligibility check and verification

Step 4: Successful Disbursal

Once verified and approved, your funds will be sanctioned and disbursed.

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Three-Wheeler Loan Eligibility & Documents

KYC Documents - Eligibility age criteria is between 21 to 58 years. Aadhar card is mandatory along with proof of current address

Two passport-sized photographs

Two security cheques

Disclaimer: MMFSL reserves the right to approve/disapprove the loan after the submission of documents.

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.

Charges

Frequently Asked Questions (FAQs)

Get all the answers to your top Three-Wheeler Loans FAQs with Mahindra Finance

Do you finance all makes of three-wheelers?

Yes, we provide finance for all major three-wheelers that are currently available in the Indian market.

What is the maximum finance amount of a three-wheeler loan available?

The finance amount is based on the vehicle bought and the profile of the customer.

Do you finance the vehicles alone or the accessories as well?

We do not fund any accessories unless it is a standard fitting.

What is the interest rate for auto-rickshaw loans?

The interest rates offered are best in industry and are determined by the location of the customer, tenure of loan and customer profile.

For what time period is the three-wheeler loan available?

The three-wheeler loan is available for a maximum period of 4 years.

How much time does loan sanctioning take?

Normally, the approval is given in few working days after all the required documents are submitted. To check the documents required, click here.

Do you need any collateral security?

No, collateral security is not required.

Will you always require a guarantee?

Not always.

What should I do in case I wish to replace my PDCs?

To do so, you can send your request through one of our nearest branches. Please see 'Our Network' to view a list of our branches.

Can I remit the instalments in any branch?

Yes. You can remit your instalments in any of our branches. Click here to view a list of our branches.

What is the procedure in case I wish to foreclose my account?

Under the finance agreement, foreclosure is not contemplated. However, upon your specific request, we may advise the settlement amount to you and on remittance of the same, the necessary termination papers would be issued post loan closure.

What should I do when my contract tenure gets over?

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.

What papers do I have to collect on termination?

The termination letter.

The no-objection letter addressed to the RTO.

Insurance endorsement cancellation letter

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

You can intimate the concerned branch, which you normally deal with. Otherwise, you can email us by clicking here.

Is a third party insurance cover enough?

No, comprehensive coverage is required.

Do you insist that insurance has to be done only through your agent? Can I take responsibility for insurance on my own?

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.

Will you give me a copy of the agreement duly filled in for my records?

Yes, a copy of the agreement will be provided to the applicant.

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Three-Wheeler Loan – Get Hassle-Free Finance For Auto Rickshaws