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 and circumstances. 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. Individuals who want to apply for a reloan or need financial aid to purchase a pre-owned car can apply for a car loan under this scheme.
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% funding on the ex-showroom price of the car
Minimum documentation to enjoy an easy application process
Did you know, that EMI calculators can help you estimate the moneyrequired 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 Check Here: Apply Car Loan
Check Here: Apply Car Loan
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
Can I get a Mahindra Finance Car Loan to buy an old car?
Yes, Mahindra Finance Car Loan can be availed in order to purchase a pre-owned/used car that is not more than 10 years old.
How can I apply for a car loan from Mahindra Finance?
Customers can get a Mahindra Finance Car Loan by visiting the nearest Mahindra Finance branch. Candidates can also apply for a loan online. Once the application is received, a representative will call the applicant to verify the details of the application and answer any queries.
What is the maximum loan amount under Mahindra Finance Car Loan?
The quantum of loan is decided under the sole discretion of Mahindra Finance depending on the age and condition of the pre-owned car along with the repayment capability of the applicant.