During such unprecedented times, leading Indian car manufacturer, Mahindra, has brought customers some relief. The company has announced a bunch of new finance schemes, which would help potential buyers during these tough times. Partnering with various financial outlets, the company has announced a few interesting offers, do read ahead to find out more about these attractive schemes.

  • Special Finance Schemes for COVID Warriors –
    Doctors – 50% Processing Fee Waiver and the option to Buy Now, Pay Later (90 days moratorium)
    Police – High funding scheme for Police personnel
    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 –
    First 3 low EMIs
    Pay 50% Less EMI for 3 months for every year of the loan tenure
    25% of loan payment at the end of the loan tenure
    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

 

Speaking about these new finance schemes, Veejay Nakra, CEO, Automotive Division, M&M Ltd. said, “The introduction of these unique financing schemes is one more step by Mahindra to support its customers during these challenging times. The bedrock of each one of our schemes is to provide financial flexibility and peace of mind to our customers, especially for our Covid warriors who are providing unparalleled support at this point in time. Together with the various digital interventions which Mahindra has recently announced both in its sales and service, these offerings will provide our customers with a holistic buying and owning experience for a Mahindra vehicle”.