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Car Loan

Our tailor made Car Loans come with exclusive features such as up to 100% financing, flexible repayment tenure and affordable EMI. Customised Car Loans are available on all the brands like Mahindra, Hyundai, TATA Motors, Maruti Suzuki, Renault, and Nissan amongst others. Our well- trained officials will help you take informed decisions and assist you with the documentation process.

Car Loan - Features & Benefits

Car Loan - Eligibility & Documents

Mahindra Finance offers car loans at attractive interest rates to both salaried and self-employed individuals, including farmers and traders, who meet our age and income eligibility criteria.

Age criteria: 21 to 60 years

Documents Required

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

Car Loan - FAQs

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.
The auto loans from Mahindra Finance are available for a maximum period of 5 years.
Normally, the approval is given in one working day after all the required documents are submitted. To check the documents required, click here.
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 installments 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 installment 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 [email protected]
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 installments, we can take care of your insurance needs.

Car Loan - EMI Calculator

  • Diverse loan offerings
  • Less documenation
  • Quick processing
Loan Amount
Tenure In Months
Rate of Interest %
Principal: 75 %
Interest Payable: 25 %

For illustration purpose only

Total Amount Payable

50,000

loan process
1 <p>Apply</p>

Apply

2 <p>Select your <br /> product</p>

Select your
product

3 <p>Get <br /> approved</p>

Get
approved

4 <p>Get your loan <br /> sanctioned &amp; <br /> disbursed</p>

Get your loan
sanctioned &
disbursed

Simple loan

application

process

Apply now

mBlogs

Car Loan - Customer Reviews

Get in Touch

Mahindra & Mahindra Financial Services Limited
4th Floor, Mahindra Towers,
Dr. G.M. Bhosale Marg,
P.K. Kurne Chowk, Worli,
Mumbai 400 018.

Click here to locate the nearest Mahindra Finance

Calculate Your EMI

  • Diverse loan offerings
  • Less documenation
  • Quick processing
Loan Amount
Tenure In Months
Rate of Interest %
Principal: 75 %
Interest Payable: 25 %

For illustration purpose only

Total Amount Payable

50000

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