Mahindra Finance Personal Loan

Mahindra Finance Personal Loan Highlights
Interest Rates	Depends on factors like credit profile of the borrower, tenure and loan amount.
Tenure	Up to 3 years
Loan Amount	Up to Rs 3 lakh
Fees and Charges	Nominal charge for prepayment of the loan

Note: Data as of 27th March 2023

Mahindra Finance Personal Loan Interest Rates

The interest rate for any Mahindra Finance Personal Loan applicant would depend on factors like their credit profile, tenure, loan amount, etc.

Compare Personal Loan Interest Rates for Top Banks/NBFCs

Banks/NBFCs	Interest Rates(p.a.)
HDFC Bank	10.50% onwards	Apply Now
SBI	11.00%-15.00%
ICICI Bank	10.75% onwards	Apply Now
Axis Bank	10.49% onwards	Apply Now
Kotak Mahindra Bank	10.99% onwards	Apply Now
IndusInd Bank	10.49% onwards	Apply Now
IDFC First Bank	10.49% onwards	Apply Now
Bajaj Finserv	11.00% onwards	Apply Now
Tata Capital	10.99% onwards	Apply Now

Mahindra Finance Personal Loan Fees and Charges

There will be a nominal pre-closure charge for prepayment of the personal loan.

Must Read: What is the best way to pre-close my personal loan, Charges & Procedure

Loan Amount for Mahindra Finance Personal Loan

The loan amount is based on the eligibility of an applicant. The maximum loan amount for Mahindra Finance Personal Loan is Rs 3 Lakh.

Eligibility Criteria Mahindra Finance Personal Loan

• Both existing Mahindra Group employees and Mahindra Finance customers can apply for this personal loan
• The existing Mahindra Finance customers must have a good track record in terms of repayment
• The existing Mahindra Group employees should be between 21-58 years and should also have served in the organization for a minimum 2 years

Documents Required for Mahindra Finance Personal Loan

• Photographs of borrower and guarantor
• KYC documents
• PAN Card copy
• Proof of profession/Income proof/last 3 months bank statements

Mahindra Finance Personal Loan EMI Calculator