SME Credit & Loan Solutions - Apply for SME Loan by Mahindra Finance

Industrial project financing
Equipment financing
Corporate loans
Secured business loans
Lease rental discounting

With easily available financial aid at your disposal, it's possible to finance your long-term infrastructure or industrial and other major projects with comfortable repayment terms based on the project assessment.

Details:

Finance amount: Up to Rs. 40 Cr
Margin requirement: Depends on customer profile
Tenure: Up to 6 years
Security: Normal asset cover of 1.5 times

Take the advantage of our finance options to acquire equipment that may be critical for your business. Our unique SME loans are designed to cater to your unique needs; be it for equipment leasing or other refinancing options.

Details:

Finance amount: Up to Rs. 40 Cr
Margin requirement: Flexible
Tenure: 6 months to 5 years
Security: Normal asset cover of 1.5 times

We have a wide array of financial options available to suit your distinct needs. Our corporate loans are designed to iron out your interim financial needs catering to various corporate and business needs.

Details:

Finance amount: Up to Rs. 25 Cr
Tenure: 1 year to 5 years
Security: Normal asset cover of 1.5 times

If you're looking to propel your new business or further enhance the output of your existing one, our secured business loan is the right choice.

Details:

Finance amount: Based on the valuation of property
Tenure: Up to 7 years linked to the business cycle
Security: Normal asset cover of 1.5 times

Our offering evaluates existing property by providing discounting of rental for reputed customers. This improves the liquidity for your business in tier 1 and tier 2 for general corporate purposes.

Details:

Finance amount: Up to Rs. 25crs
Tenure: 6 years
Security: Mortgage of the property under lease

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FAQs

Q1. How do I approach Mahindra Finance for project financing?

You may reach us at 022-6632-7940. You may also email your queries at [email protected].

Q2. How much project financing can I avail of? How is the quantum decided?

The project loan quantum is decided based on your requirement, credit assessment and repayment capacity. However, it is limited to Rs. 40 crore.

Q3. What can be accepted as security for my project finance?

We accept a wide range of securities. The spectrum includes land & real estate property, plant & machinery, equipment, fixed deposits, deposit certificates, KVP, NSC, securities issued by Central and State Governments, gold and other cash equivalents, life insurance policies and others.

Q4.How long will it take to get the project loan?

The project loan will be processed within 20 working days provided everything is in place.

Q5.How do I repay my project loan?

You have the flexibility of opting for equated installment, bullet repayment or ballooning repayment (depending on the requirements of your business). PDCs, ECS mandate or electronic transfers are all accepted means of payment.

Q6. Can I prepay the project loan?

Yes, you can prepay the business loan. Foreclosure charges at 2% shall be applicable on the principal outstanding.

Q1. How do I approach Mahindra Finance for an equipment finance?

You may reach us at 022-6632-7940. You may also email your queries at [email protected].

Q2. How much equipment financing can I avail of? How is the quantum decided?

The equipment finance quantum is decided based on your requirement, credit assessment and repayment capacity. However, it is limited to Rs. 25 crore.

Q3.What can be accepted as security?

Q4. How long will it take to get an equipment finance?

Equipment financing will be processed within 10 working days provided everything is in place.

Q5.How do I repay my equipment loan?

You have the flexibility of opting for equated installment, bullet repayment or ballooning repayment (depending on the requirements of your business). PDCs, ECS mandate and electronic transfers are all accepted means of payment.

Q6. Can I prepay the equipment loan?

Yes, you can prepay the loan. Foreclosure charges at 2% shall be applicable on the principal outstanding.

Q1. How do I approach Mahindra Finance for corporate finance?

You may reach us at 022-6632-7940. You may also email your queries at [email protected].

Q2. How much corporate loan can I avail of? How is the quantum decided?

The corporate loan quantum is decided based on your requirement, credit assessment and repayment capacity. However, it is limited to Rs. 25 crore.

Q3.What can be accepted as security?

Q4. How long will it take to get a corporate finance?

Your corporate finance will be processed within 10 working days provided everything is in order.

Q5. How do I repay my corporate loan?

Q6. Can I prepay the corporate loan?

Yes, you can prepay the corporate loan. Foreclosure charges at 2% shall be applicable on the principal outstanding.

Q1. How do I approach Mahindra Finance for a secured/unsecured business loan?

The application can be done through our easy, secure and fast mobile app or webpage. To apply now, click here. You may also email your queries at [email protected].

Q2. How much secured business loan can I avail of? How is the quantum decided?

We try to give the maximum amount based on your requirement and eligibility arrived by your business cash flow and valuation of the property. However, based on eligibility, you will be given the offer to accept the revised loan amount.

Q3. What can be accepted as security?

An unencumbered residential, commercial, industrial and land property is accepted as collateral.

Q4. How long will it take to get a loan?

You will get your eligibility amount sanctioned online itself. As you are aware, the secured business loan will be processed based on collateral. Therefore, we will take 3-4 working days to verify the value of collateral and ownership of collateral post receiving the copy of property documents. Post the verification of collateral, it will take 48 hours to disburse the loan.
However, the unsecured business will be disbursed within 48 hours of document verification.

Q5. Who can apply for the loans?

Individuals, Proprietorship, Partnership, Public and Private Limited companies who require the loan for business expansion.

Q6.Can I use the loan for any other purpose?

Loans can be used only for the purpose mentioned in the application. We generally provide loans for working capital, business expansion, debt substitution and equipment purchase.

Q7.How do I repay my business loan?

We use NACH as the preferred mode of repayment. However, we offer flexibility and accept PDCs also.

Q8.Can I have small installments for an initial period of the secured business loan?

You have the flexibility of opting for equated installment, bullet repayment, ballooning repayment or structured repayment (depending on the requirements of your business).

Q9. If I have extra amount, can I prepay the business loan?

Yes, you can prepay the business loan. We do not have any foreclosure charges.

Q10.What is the process post submission of online application?

Our representative will contact you for the collection of documents to verify the data submitted online. Once the data is verified, we will process the disbursement of application. Mahindra Finance reserves the right to reduce or decline the loan post verification of documents.

Q11. Will my eligibility change post verification of documents?

If the data submitted by you in online application is verified by the documents submitted, then eligibility of loan amount may not change. However, Mahindra Finance reserves the right to reduce or decline the loan post verification of documents.

Q12.Will the data provided by me share with anyone?

Q13. Is it safe to share information like bank account login?

Mahindra Finance and its agents follow stringent data protection guidelines. During the entire process of loan appraisal and sanction, the account IDs and passwords are not stored on the Mahindra Finance or its agent system. There is no manual intervention in the process. The IDs and passwords are used for automatic data extraction from the bank systems. However, for any reason, if you don't wish to enter your ID or password, you can also download your bank statement from your bank's website and upload the same on our mobile application/website.