Mahindra Finance
Mahindra Finance

Mahindra Finance

Mahindra & Mahindra Financial Services Limited or M&M Financial/Mahindra Finance as it is popularly known, is a group company of the Mahindra Group, one of India’s largest and most respected conglomerates with business interests in passenger and commercial vehicles, technology, finance, retail, energy, hospitality, real estate, B2B, defence, farm equipment and many more sectors. The company was setup with a dream towards becoming India’s largest non banking financial company (NBFC) operating primarily in semi-urban and rural India.

About Mahindra Finance

The company has 16, 000 employees and more than 1, 170 offices across 26 Indian states. It has already served more than 5 million customers till date with varied M&M Financial services including mutual funds, asset financing, SME financing, fixed deposits, life and non-life insurance broking services and rural housing finance.

The journey started for the company around two decades earlier and it aimed at changing rural and semi urban India into a flourishing and self reliant landscape. Millions of individuals have now been empowered with regard to developing homes, purchasing vehicles and growing their businesses. Mahindra Finance believes in aspirations, people and their potential to achieve their dreams. The socially inclusive business model enables M&M Financial loans for customers based on their future earning capacity and not just on their current financial status. This is one unique philosophy which has instilled oodles of confidence in customers. The company is one of the largest tractor financers in the country and has always strived to develop skills sets of local populace with employment opportunities and equal growth scope for all.

Vision

Mahindra Finance aims at future sustainability through carefully tailored financial services and products. All M&M Financial financial services are tailored to ensure greater development of customers in a holistic manner as part of the Transforming Lives philosophy. This is aimed at for a wide cross section of customers and the company seeks to be an effective change agent in their lives with a vision towards driving maximum good for people with proper resources and human resources. There is an innate drive to elevate lives of people with ample sensitivity towards local cultures and circumstances.

M&M Financial personal loans

Personal loans are provided for customers at M&M Financial. There is instant loan approval and disbursement in just 2 days and loans up to INR 3 lakhs are given. There is maximum flexibility and hassle free documentation while maximum loan tenures are up to 3 years. There is the easy EMI payment option through cheques, mobile transfer, ECS or cash at the branch. These personal loans are available for existing Mahindra Finance customers and Mahindra Group employees only. For customers, a good repayment track record is a must while for employees, all confirmed employees should have completed at least two years of service along with being between 21-58 years of age.

M&M Financial Home Loans

The M&M Home loan compass is wide and ensures that maximum support is given for realizing one’s home owning aspirations. There is personalized documentation assistance for easier processing and flexible repayment options. Door to door servicing is possible for greater convenience and there are loans for several purposes including purchase, renovation, improvement and construction. There are variable and fixed rates of interest subject to conditions.

When it comes to eligibility, the following factors will be considered by the company:

  • Employment stability
  • Savings
  • Age
  • Income
  • Regularity and consistency of income
  • Assets and liabilities
  • Family background
  • Other factors affecting loan repayment

There has to be a preliminary application with document photocopies along with technical, legal and credit checks. There has to be documentation with original copies shown and thereafter, post approval, disbursements are executed.

M&M Financial business loans

There are several types of SME and business loans that are given by M&M Financial. Here are some of them:

  • Bill discounting
  • Working Capital loans
  • Project financing
  • Corporate loans
  • Secured business loans
  • Equipment financing
  • Lease rental discounting

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