Mahindra Finance offers economical solutions for Commercial Vehicle and Construction Equipment financing. Benefit from competitive interest rates and flexible repayment options for new and used vehicles and equipment from major manufacturers. Our specialised branches cater to working individuals, including truckers, milkmen, shopkeepers, contractors, and more, making the loan application process simple and accessible. Find us conveniently located at Transport Nagars.
Get loans for new commercial vehicles and used commercial vehicles up to 15 years old and used Construction Equipment up to 10 years old.
We provide up to 60 months tenure for new vehicles/equipment and up to 36 months tenure for used vehicles/equipment, based on the asset class.
Make the most of our personalised financing options with competitive rates that fit your unique needs. Our monthly reducing interest rates guarantee affordability and convenience.
Take advantage of our exclusive tie-ups with top manufacturers and dealers and grab unbeatable deals on your vehicle/equipment purchase.
Our Asset Valuer provides swift valuation reports for used vehicles/equipment. You can obtain quick loan sanctions, subject to document submissions.
Calculating your Commercial Vehicle Loan EMI has never been easier. Use our Commercial Vehicle 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 Commercial Vehicle Loan EMI Calculator.
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The 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.
We provide financing for new Commercial Vehicles and Construction Equipment to individuals, partnership firms, and public/private limited companies. For used Commercial Vehicles and Construction Equipment, we offer funding to individuals and partnership firms, including first-time users and transporters.
KYC Documents
Proof of Income, Address and Identity
Bank Statements and additional documents may be required based on the Borrower’s profile
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 Commercial Vehicle Loans and Construction Equipment Loans with our blogs.
Get all the answers to your top Tractor Loan FAQs
Yes, we provide loans on commercial vehicles and construction equipment of all major manufacturers.
The finance for body construction is extended for certain customer profiles as defined by product policy.
The maximum amount of finance depends on the customer profile and the product.
We work on a monthly reducing interest rates.
We levy product specific, document and stamp charges on actual basis as levied by the statutory authority and also depending on the place of execution of the contract.
Normally, the loan is sanctioned within few working days after all the required documents are submitted.
Yes, a copy of the agreement will be provided to the applicant.
We require a guarantor or co-applicant depending on the profile of the customer and product.
No collateral security required.
Yes, special promotions and tie-ups with several manufacturers/dealers will be running at various locations and at various points of time.
Yes, you can. However, it is always preferred to select the dealer who is nearer to your business or residential location for better after-sales service.
We accept bulk part payments. However, the excess amount will be parked in a suspense account and will not result in the reduction of the loan outstanding or reduction in IRR.
Yes, you can pay your EMIs in any of our branches.
Yes. However, a charge will be levied for the collection of such cheques.
Statement of accounts would be sent after we receive a request from you.
You can intimate the branch, which you normally deal with.
A comprehensive policy is mandatory as per the rules laid down by the concerned authority.
We have in-house Mahindra Insurance Broker Limited which can take care of all your insurance needs and can give you the best deal.
Our field executive would inform you about the documents & vehicle quotation required from your end and visit you at your residence/office to collect the same and forward the same to our credit team for appraising. On approval of the loan, our field executive will visit you to have the loan agreement & PDC/ACH signed, post the same, we will release the Delivery Order to the concerned dealer.
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