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Mahindra Finance Business Loan
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Mahindra Finance Business Loan
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Here are a few factors
| Location | Delhi NCR |
| CIBIL Score | 700+ |
| Applicant Age | 21 years - 65 years |
| Co-applicant Mandatory | Yes |
| Business Vintage | Min. 3 Years |
| Loan Amount | Upto 35 lacs In Income program upto 50 lakh Industry Margin - Retail 10% ,Manufacturing 11% ,Services 15% ,Wholesale 6% |
| Loan Tenure | 12-36 Months |
| Rate of Interest (Type) | 18.5%-20% (Reducing) |
| FOIR | 70% |
| Processing Fee | 2% |
| Foreclosure Charges | 2% |
| Part-payment Allowed | yes |
| TAT | Sanction - 5 Days Disburse - 7 Days |
| CIBIL Enquiry | In the last 3 Months not More than 10 enquiries. |
About Mahindra Finance Business Loan
Mahindra Finance Business Loans offer simple and adaptable lending options to support the development and expansion of businesses. Mahindra helps entrepreneurs reach their objectives with fast approvals, less paperwork, and affordable interest rates. Our loans address a range of business requirements, including expansion and working capital. We guarantee a hassle-free borrowing experience, supported by Mahindra's reputable background. With Mahindra Finance as your dependable financial partner, you can strengthen your organization.
Required Documents to Apply for Mahindra Finance Business Loan
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Photograph
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Aadhar Card
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Pan Card
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Income Tax Return (Last 1 year)
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1 Business Video
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Rent Agreement for Rented House
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Electricity bill for Own House
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KYC -Applicant & Co-Applicant
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1 Year Bank Statement all operating accounts.
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Gst Registration
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Last 12 Months GSTR 3B
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Latest 1 year financial required
FREQUENTLY ASKED QUESTIONS
Any self-employed individual aged 21-65 years with a business vintage of at least 3 years and a CIBIL score of 700+.
Loan amounts go up to ₹35 lakhs (₹50 lakhs in the income program) with a tenure of 12-36 months.
Loan sanction takes 5 days, and disbursement happens within 7 days.
Interest rates range from 18.5% to 20% (reducing), with a FOIR of 70%.
Yes, the loan requires a co-applicant.
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