In today’s world, getting a car is more of a necessity than luxury. To keep up with time and maintain a good standard of living, it is necessary to buy a car. With so many loan options from several financial service providers, which provide you with the upfront money to buy a car, it is very easy to drive your dream wheels home. Mahindra Finance Car Loan is not only swift and hassle free, but it also provides you with the flexibility to select an ideal car that will suit your needs. The diverse loan options are specifically based on individual requirements and the varied repayment options make it easier for the borrower to repay all debts.
All salaried individuals and self-employed people are eligible to apply for a car loan from Mahindra Finance. Farmers can also apply for loans to buy agricultural vehicles to meet their farming-related needs.
The documents required to apply for a car loan from Mahindra Finance are:
Address Proof and Identity Proof
Form 16 / IT returns / Bank statement / Salary slip
The factors determining the interest rates for customers are the tenure of the loan, and the location and profile of the customer. The borrower may avail a period of 5 years to repay the loan amount provided by Mahindra Finance. It is highly advised that you look out for periodic offers provided by Mahindra Finance through which you can get the loan at attractive interest rates.
Swift approval of the car loan
Several options for repayment of the loan amount
Avail lucrative interest rates and up to 100% ex-showroom funding
Minimum documentation to enjoy an easy application process
Did you know, EMI Calculators can help you in estimating the finance required to buy the car of your choice? The user friendly interface and the easy steps involved in calculating the EMI will save you a lot of time and provide you with the best equated monthly instalment options available. So, use the Mahindra Finance Car Loan EMI Calculator and plan your budget accordingly.
Mahindra Scorpio – With a rough yet forgiving all-original frame, the Scorpio is ever-ready to rule the dirt and the tarmac. The different versions of the SUV comes with a varied range of engines, from normal diesel engines to micro hybrid engines.
Mahindra Xylo – The Xylo, launched in 2009, has five variants, namely, D2, D4, H6, H8 and H9. The Xylo has a long wheelbase and comes with a turbo diesel engine of 2.2L. Recently, this SUV witnessed some cosmetic revisions, including bonnet chrome strip and side body decals.
Mahindra XUV 500 – The XUV 500, launched in 2011, revives the sport in you. It secured first place in the Desert Storm Rally, which is considered to be one the most difficult dirt races. Packed with a 2.2 litre (2179 cc) mHawk turbo diesel engine, the XUV 500 produces 140 bhp at 3750 rpm. It offers a 6-speed manual gearbox and torque of 330 Nm.
Do you finance all makes of cars?
Mahindra Finance provides loan for most passenger and multi utility vehicles in the market.
How much time is required to sanction a loan?
After you provide all the required documents, it takes one working day to sanction the loan.
What is the maximum loan amount offered?
The maximum loan amount can go up to 100% of the ex-showroom price, depending on the profile of the customer.
Is collateral security required for Mahindra Finance car loans?
No collateral security is required while applying for car loans with Mahindra Finance.
What papers do I have to submit on termination of the loan?
The termination letter
Insurance endorsement letter
No objection letter addressed to the RTO