SME Loans - Liquidity solutions

Short term loans
Billing discounting
Revolving short terms loans

This is a term loan for a period less than one year to meet your working capital requirements.

Details:

Finance amount: Up to Rs. 25 Cr
Margin Requirement: Flexible
Tenure: Up to 12 months
Security: Normal asset cover of 1.25 times

This facility discounts sales bills of reputed customers which in turn, helps in reducing the cash cycle for the business, freeing up cash for working capital, business funding and other requirements.

Details:

Finance amount: Up to Rs. 40 Cr
Validity: Up to 12 months

This is the suitable product for the recurring working capital requirement. You have the flexibility to draw down in installments as per requirement. Each drawn amount is repayable after 2-3 months. You can draw down any number of times till your current outstanding is within the sanctioned limit. This product has the flexibility to meet seasonal demands of higher inventory.

Details:

Annually reviewed
Cycle of 30-60 days
Loan portions payable after the cycle time
Tenure up to 36 months

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FAQs

Billing discounting

Q1. How do I approach Mahindra Finance for bill discounting facility?

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

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

The loan quantum is decided based on your requirement, credit assessment and assessment of the OEMs/companies. However, it is limited to Rs. 40 crores.

Q3.Which bills are accepted for bill discounting?

Sales bills to reputed OEMs and companies are accepted for bill discounting.

Q4.What can be accepted as security?

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.

Q5.How long will it take to get the loan?

The loan will be processed within 10 working days provided everything is in place.

Calculate your EMI

Diverse loan offerings
Less documenation
Quick processing

Loan Amount

Tenure In Months

Rate of Interest %

EMI: 2000

Principal: 75 %

Interest Payable: 25 %

For illustration purpose only

Total Amount Payable

50000

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<p>Get your loan <br /> sanctioned & <br /> disbursed</p>

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Cars are no longer a luxury today; they have become a necessity. But if you are worried about your budget, simply apply for a car loan to make your dream of owning a car come true. Mahindra Finance makes car ownership a reality as you get financing up to the full cost of the vehicle.

Thanks to a simple and quick loan application procedure from Mahindra Finance, you can have your car loan sanctioned in no time and can choose a convenient repayment schedule. This allows you to devote your time and attention to research car brands, models, and loan budget details.

How to apply for a car loan

Mahindra Finance has made its car loan application process easy so that potential car owners can have a hassle-free experience. The loan procedure is available both online and offline, and you can either visit the nearest branch or opt for our time-saving online loan process.

It involves four easy steps:

Step 1: Go to the website

The first step is to start the application process by clicking the ‘Apply Now’ button on the website. You will be directed to a page where you will see different fields to be filled in. As you read further, you will get an idea of the information needed for filling out your car loan application. You can start applying once you are ready with the details.

Step 2: Select your product

The application form for a car loan requires you to select an appropriate product from the two given options: ‘Investment’ and ‘Loan’. Choose ‘Loan'.

The next section will require you to ‘Select loan type’. It will show all the types of loans on offer that you can choose from.

Depending on the type of purchase (used or new), choose either ‘car loans’ or ‘pre-owned car loans’.

The final section in this step is entering your employment type and other personal details as applicable

Once you have done all these, go back and cross-check the details and hit ‘submit’.

Step 3: Get your loan approved

Once you fill in the details and submit the form, you will get a call back from our executive. They will ask you to share the supporting documents for the details mentioned in the car loan application form. This includes KYC documents such as PAN card, Aadhaar card, any government-issued ID, salary slip, Form 16 for eligibility check, and proof of address. These documents are required for verification.

Step 4: Get your loan sanctioned and disbursed

The final step of the car loan application is approval and disbursement of your loan amount. After verification, your loan will be sanctioned immediately, and the amount will be credited if the documents are satisfactory. If not, you might be requested to submit additional documents.

Now, wasn’t that easy and quick? So, stop dreaming about owning a new car and apply for a car loan with Mahindra Finance today!