Bank
Mahindra and Mahindra Financial Services Limited (MMFSL)

Empowering potential. Transforming lives. Two decades ago, Mahindra and Mahindra Financial Services Limited (MMFSL) commenced its journey in the rural non-banking finance industry. And with that was born a vision to transform rural and semi-urban India into a self-reliant, flourishing landscape.

About Home Loan

Buying your dream home is now easier with the home loan from Mahindra Finance.
Here are some benefits of availing the home loan:

• Wide network across the country to ensure you have no trouble reaching us

• Personalised documentation assistance for smooth processing

• Flexible repayment options

• Door-to-door servicing to ensure maximum convenience

• Loan available for various purposes – construction, renovation, improvement and purchase

• Fixed and variable rates of interest subject to conditions

Eligibility Criteria

  • Please refer bank’s specific website for eligibility criteria.

Documents Required

  • Personal Assets and Liabilities Statements in Bank’s standard format.
  • Signature identification from present bankers<
  • Statement of bank account for the last six months
  • Proof business address, in case of non- salaried borrowers
  • Proof of residence: Electoral ID Card / Passport / Electricity Bill / Telephone Bill.
  • Proof of identification: Electoral ID Card / Passport / Driving License / PAN card.
  • 3 passport size photographs (including those affixed in loan application)
  • Completed loan application
  • List of papers / documents applicable to all applicants:  & Auto Finance Companies /other sources.  

      Note: Documentation may vary at the time of taking the loan

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

Don'ts

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another

About Personal Loan

Get one step closer to your dreams and goals with our personal loan that meets your needs in the most efficient way.
Following are the benefits of our personal loan:

• Instant personal loan approval and disbursement in 2 days

• Loans of up to Rs. 3 lakh

• Hassle-free documentation with maximum flexibility

• Maximum loan tenure of up to 3 years*

• Easy EMI payment option through cheque, ECS, mobile transfer or cash at the branch

Eligibility Criteria

  • Please refer bank’s specific website for eligibility criteria.

Documents Required

  • Photographs of the borrower and guarantor
  • KYC Documents
  • Pan card copy
  • Income proof/proof of profession/bank statements of three months

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence<
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

Don'ts

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another

About Car Loan

Shopping around for your new vehicle is exciting, isn't it? So, why would you be so worried shopping around for the loan to pay for it? Of course, finding a car loan isn't as exciting but is equally important. Our attractive car loan interest rates let you plan your finances conveniently. The car loans interest rates offered are best in the industry.

Eligibility Criteria

  • Please refer bank’s specific website for eligibility criteria.

Documents Required

  • KYC Documents
  • Identity and address proof
  • Salary slip/Form 16/IT returns/bank statements

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.
  • Don'ts
    •  
    • Don’t make a major purchase (car, boat, etc.)
    • Don’t apply for new credit or loans of any kind
    • Don’t change bank accounts or banks unless advised
    • Don’t consolidate your debt into fewer accounts
    • Don’t Deposit cash or non-traceable funds
    • Don’t close credit card accounts
    • Don’t borrow money
    • Don’t transfer checking or savings balances from one account to another