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.
We finance three-wheelers for personal and commercial use, hybrid/electric e-rickshaws and more.
Choose our affordable interest rates and use the EMI calculator to estimate your repayments.
Pay via Cheque, Online or Cash at the nearest branch, with tenures ranging from 12-42 months.
We keep documentation minimal and transactions transparent, you receive SMS updates at every stage.
A simple loan application procedure ensures a Three-Wheeler loan sanctioned within few working hours, subject to document submissions.
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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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.
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 - 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.
Attractive Interest Rates based on your eligibility*
Interest RatesCharged 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.
ChargesGet all the answers to your top Three-Wheeler Loans FAQs with Mahindra Finance
Yes, we provide finance for all major three-wheelers that are currently available in the Indian market.
The finance amount is based on the vehicle bought and the profile of the customer.
We do not fund any accessories unless it is a standard fitting.
The interest rates offered are best in industry and are determined by the location of the customer, tenure of loan and customer profile.
The three-wheeler loan is available for a maximum period of 4 years.
Normally, the approval is given in few working days after all the required documents are submitted. To check the documents required, click here.
No, collateral security is not required.
Not always.
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.
Yes. You can remit your instalments in any of our branches. Click here to view a list of our branches.
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.
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 concerned branch, which you normally deal with. Otherwise, you can email us by clicking here.
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.
Yes, a copy of the agreement will be provided to the applicant.
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