Mahindra Car Loan

Mahindra Car Loan @ 9.50%*

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Mhaindra Car Loan

What is a Car Loan?

A car loan is a financial help offered by banks and NBFC's to fulfill your dream of having your own car. The banks provide necessary funding for purchasing a car which can be on Ex-Showroom Price or On-Road Price of the car. The Loan amount is offered on Interest charges which vary from bank to bank. You can pay for the vehicle in easy installments.

Avail the Best Mahindra Car Loan on Lowest Interest Rates and Affordable EMIs for all Mahindra Cars. Get Instant Approval and Doorstep Service

 

We offer loans for the following MAHINDRA Cars:

  • Bolero
  • E2o
  • Quanto
  • Scorpio
  • Scorpio gateway
  • Thar
  • Verito
  • Verito Vibe CS
  • XUV 500
  • Xylo

Mahindra Car Loan Documents

DOCUMENTS REQUIRED

Documents you will need to submit for Salaried Individuals

  • Proof of Identity: Passport copy, PAN Card, Voters Id card, driving licence( Laminated, Recent, Legible)
  • Income Proof: Latest salary slip with form 16.
  • Address Proof: Ration card/Driving licence/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card.
  • Bank Statement:Last 6 months

Documents you will need to submit for Self Employed

  • Proof of Identity: Passport copy, PAN Card, Voters Id car, driving licence( Laminated, Recent, Legible)
  • Income Proof: Latest ITR
  • Address Proof: Ration card/Driving licence/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card
  • Bank Statement: Last 6 month

Mahindra Car Loan Eligibility

ELIGIBILITY CRITERIA

Loan Amount

The minimum loan amount for taking a car loan is Rs. 1,00,000. The maximum loan amount will depend upon the price of the car, model variant, profile of the customer, etc.

New Car

  • Loan up to 100% of ex-showroom price of the car.

Pre-owned Car

  • Loan up to 80% of the valuation of car with maximum tenure of 60 months* (can go further depending on profile)
  • Hassle-free processing

 

Particulars
Salarield Individual
Self-Employed Individual
Partnership Firm
Private / Public Ltd Co

Age Criteria*

The applicant should be above 25 years old at the time of application, and upto 58 years of age at the time of maturity of the loan.

Any proprietor, partner, professional or director above 28 years but below 65 years at the time of the loan maturity.

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Limited companies should have been in existence for at least 3 years./p>

Income Criteria*

Gross annual income of at least Rs. 2.50 lakh

Gross annual income of at least Rs. 2.00 lakh

Firm should have a minimum PAT (profit after tax) of Rs. 2.00 lakh Business income as per ITR or Profit as per P/L.

Minimum PAT (profit after tax) of Rs. 2.00 lakh Business income as per ITR or Profit as per P/L.

Stability

The total employment stability should be more than 2 years and current employment stability of minimum 1 year.

Current business stability should be 2 years or total more than 3 years.

Current business stability should be 2 years or total more than 3 years.