Multiple banks. Different interest rates. Call it a "conflict of interest".
Mahindra Finance offers personal loans with instant approval and disbursal of the loan amount within 2 days. The loan can be availed only by existing customers of Mahindra Finance and the employees of Mahindra Group. If you are eligible, you can avail a loan amount of up to Rs.3 lakh through Mahindra Finance. The rate of interest applicable on your loan will be decided by the lender on the basis of your credibility. Mahindra Finance also allows you to track the status of your personal loan application. Once you have applied for a loan, you can easily track the loan status.
To check the status of your Mahindra Finance personal loan online, you will be required to follow the steps mentioned below:
Mahindra Finance also offers a smartphone application called ‘My Mahindra Finance’. Being a user, you can download the app for your Android smartphone from the Google Play Store.
Once you have downloaded the app, use your login credentials to log in to the app if you are already a registered user. However, if you are a new user, you will be required to go through a one-time quick registration process to set up your profile.
Once you are logged in to the app, you can check the status of your loan application through it.
The status of your Mahindra Finance personal loan can be checked using both offline and online modes.
Once you have applied for a loan, you will receive an application number (or reference number) from Mahindra Finance. This number will be communicated to you through your registered phone number and email ID.
If you want to check the status online, you will need this number. If you want to check the status offline, you will have to provide this number at the branch office.
You can walk into the nearest branch office of Mahindra Finance and check the status of your personal loan application. You will be required to provide your application no. or reference no. to know the status.
You can also get in touch with Mahindra Finance through email or phone. You can send an email to share.mmfsl@mahindra.com. The customer care number for Mahindra Finance is +91 22 6252 6000.
1) What is the minimum age limit to be eligible to apply for a personal loan through Mahindra Finance?
A: You have to be at least 21 years old to be able to apply for a personal loan through Mahindra Finance.
2) What is the maximum age limit to be eligible to apply for a personal loan through Mahindra Finance?
A: You will be able to apply for a personal loan through Mahindra Finance if you are 58 years old or younger.
3) What are the documents that are required to apply for a personal loan through Mahindra Finance?
A: The documents required to apply for a personal loan through Mahindra Finance are listed below:
4) How is the loan amount for Mahindra Finance personal loan disbursed?
A: The loan amount for the personal loan will either be disbursed and sent to the registered bank account directly or it will be given by way of cheque.
5) How do I apply for a personal loan through Mahindra Finance?
A: You can apply for a Mahindra Finance personal loan by visiting one of the nearest branch offices of Mahindra Finance. The lender also offers the facility of online application.
6) Can I prepay my Mahindra Finance personal loan?
A: Yes, you can prepay your Mahindra Finance personal loan. However, you will be required to pay a pre-closure fee for the same.
7) What are the modes through which I can repay my Mahindra Finance personal loan?
A: You can repay your Mahindra Finance personal loan by using any one of the following methods:
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