Get 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.