Mahindra today announced a wide variety of innovative, new finance schemes to ease the burden on its customers during these challenging times. These finance schemes include customized, industry-first offerings that assure peace of mind for Mahindra customers, deliver financial flexibility and empower them to own a Mahindra vehicle model at their convenience.
Mahindra is empowering its customers by offering a host of finance schemes* through various financial institutions:
· Special Finance Schemes for COVID Warriors
o Doctors – 50% Processing Fee Waiver and the option to Buy Now, Pay Later (90 days moratorium)
o Police – High funding scheme for Police personnel
o Pickup Vehicle Owners (ESP) – Own a BSVI Mahindra Pikup and pay the same EMI as a BSIV vehicle
· Own Now, Pay in 2021– Own your SUV today and start paying the EMI next year
· 90 Days Moratorium – Own your SUV today and start paying the EMI after 90 days
· 100% On Road Funding – Up to 100% of on-road funding for Mahindra SUVs
· Empowering Women with Special Schemes – 10 bps discount on the rate of interest
· Balloon and Step Up EMI offering to lower the monthly payments
o First 3 low EMIs
o Pay 50% Less EMI for 3 months for every year of the loan tenure
o 25% of loan payment at the end of the loan tenure
o EMI starting from as low as Rs. 1,234/ per lakh
· Highest Loan Tenure – Loan Repayment after 8 years
· Lowest Interest Rate – Rate of interest starting from as low as 7.75%
· Hassle-free Financing – No prepayment / foreclosure charges from the very first day
· Yellow Board Funding – Taxi Funding available for a wide range of Mahindra SUVs
