Mahindra Finance Personal Loan
Apply for a Mahindra Personal Loan up to Rs. 3 Lakhs and get instant approval and disbursement in just 2 days. The personal loan interest rate starts at 10.99% per annum, and you can repay the loan over a flexible tenure of up to 3 years.
Mahindra Finance Personal Loan Details
The key Mahindra Finance Loan details are mentioned below:
| Loan Feature | Details |
|---|---|
| Loan Amount | Up to ₹3 Lakhs |
| Interest Rate | 10.25% p.a. onwards |
| Tenure | Up to 3 years |
| Processing Fee | Up to 3% of the loan amount |
| Age Eligibility | 21 to 58 years |
Features & Benefits of Mahindra Finance Personal Loan
The following are the key features of the Mahindra Loan:
- Loan amount up to Rs. 3 Lakhs based on the applicant's eligibility.
- Mahindra Finance Personal Loan interest rates start at 10.25% p.a.
- Instant loan approval and disbursement in just 2 working days.
- Hassle-free documentation.
- The maximum repayment tenure for Mahindra Finance Personal Loan is up to 3 years.
- Easy EMI payment options by local PDC, ECS, or by way of salary deduction.
- The loan can be prepaid at a nominal pre-closure rate.
Mahindra Finance Personal Loan Eligibility Criteria
- The Mahindra Finance personal loan is available only for existing customers of Mahindra Finance and Mahindra Group employees.
- A good repayment track record is mandatory for existing Mahindra Finance customers.
- For Mahindra Group employees:
- All confirmed employees of M&M Ltd. or any of its subsidiary companies can apply.
- A minimum of 2 years of service with the organisation is required.
- The applicant should be between the ages of 21 and 58 years.
Documents Required for Mahindra Personal Loan
- Photographs of the applicant and guarantor.
- KYC documents such as a Mahindra Finance employee ID card, Aadhaar Card, etc.
- PAN Card copy.
- Income proof or proof of profession, whichever is applicable.
- Bank statement for the last 3 months.
Steps to Apply for a Mahindra Finance Personal Loan
1. Submit the Online Application Form:
- Visit the official Mahindra Finance website or open the Mahindra Finance App.
- Navigate to the Personal Loan section and click on Apply Now.
- Enter your primary contact details (Name, Mobile Number, Email, and PIN Code) to receive an OTP for verification.
2. Select Loan Amount and Tenure:
- Fill in your employment status and monthly net income details.
- Enter your desired loan amount (up to ₹3 Lakhs) and select a flexible repayment tenure (up to 3 years).
- Review the estimated monthly EMI and processing charges.
3. Upload KYC & Income Documents:
Upload digital copies of your Aadhaar/PAN and bank statements for online verification, or opt for e-KYC using your Aadhaar-linked mobile number.
4. Verification and Loan Disbursal:
- A representative or automated system will review your application and credit profile.
- Upon approval, you will receive the loan agreement outlining the interest rate, processing fees, and repayment schedule.
- Digitally sign the agreement (via e-Sign or NACH/ECS mandate setup).
- Funds will be credited directly to your registered bank account within 24 to 48 hours.
Mahindra Finance Personal Loan Customer Care Details
Contact Mahindra Finance Customer Care through any of the following channels:
- Toll-Free: 1800 233 1234 (Mon–Sat, 8:00 AM – 8:00 PM)
- WhatsApp: +91 7066331234
- Email: share.mmfsl@mahindra.com
FAQs
Mahindra Finance Personal Loans offer interest rates starting from 10.49% p.a. onwards, depending on your credit profile, loan amount, and tenure.
Mahindra Finance offers personal loans up to a maximum amount of ₹3 Lakhs, depending on applicant eligibility and credit profile.
Mahindra Finance Personal Loans offer flexible repayment tenures ranging from 12 to 36 months (up to 3 years).
Mahindra Finance typically approves personal loans within 24 to 48 hours (up to 2 days) after successful document verification.
A minimum CIBIL score of 700 to 750 or above is generally required for a Mahindra Finance Personal Loan, though applicants with a strong repayment history or existing relationship with Mahindra may still be considered.