Mahindra Finance Personal Loan

Preliminary Information
Loan Details
Personal Details

Mahindra Finance Personal Loan Details

Abhyudaya Bank 3.75 / 5.04 users

Mahindra Finance is a renowned company in India that offers financial services to people. The purpose of Mahindra Finance Personal Loan is to provide its customers with financial help to fulfil their requirements. The loan has low rates of interest and speedy approval. This loan can be availed for any personal requirements or for business, but it cannot be availed to fulfil any speculative purpose.

Loanbaba.com provides all the information about Mahindra Finance Personal Loan:

Eligibility required availing the loan:

  • The minimum age of the applicant must be twenty one years on the date of sanctioning of the loan and also his/her age must not exceed fifty eight years with the duration of repayment being considered. 
  • He/she must have account’s satisfactory conduct and a good history of repayment with the company, in case of existing customer
  • If the applicant is an employee of the company itself, then he/she should have completed a minimum of 2 years of service in the company.

The above criteria are as per Mahindra Finance and might be subject to change based on the financial institution’s discretion.

Below is given some more information about the loan:

  • The mode of financing permitted under this loan is term loan.
  • Based on applicant's worthiness of credit, the company may offer a loan up to three lakh rupees. The tenure of the repayment can be three years maximum which is a subject of company's discretion.
  • Rates of interest for the loan depend on the applicant's rating given by the company. According to the credit worth of the applicant, the rates are decided by the company.

Required Documentation:

  • Form of Application for the loan
  • Passport size photos of the applicant & the guarantor
  • Proof of identity 
  • Proof of address or Residence proof
  • Proof of income and profession or three month’s bank statements
  • PAN card's copy
  • Any other documents that the company may require.

Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Mahindra Finance.

Mahindra Finance Personal Loan


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