Working Capital Loans By Mahindra Finance

Features & Benefits For Working Capital Loans By Mahindra Finance

 

  • Tenure of up to 36 months on working capital loans
  • Annually reviewed
  • Cycles of 30-60 days
  • Loan tranche payable after the cycle time

 

Eligibility & Documentation For Working Capital Loans By Mahindra Finance

 

Eligibility:

SME loans are offered to companies/partnership firms in select sectors like automobiles, auto-ancillary and food and agri-processing.

  • The company/firm must be in business for at least 3 years with profit in the last audited financial year
  • Greenfield projects can be considered only from established players in that business
  • Dealer inventory funding loans can be considered for established dealers of reputed automobile OEMs

Documents required:

  • Company profile including existing product range
  • Promoter profile including KYC details
  • Purpose of the loan
  • Security offered
  • Audited balance sheets of the last 3 years

The credit officer might require additional documents during the credit evaluation.

To apply, just email us at SME.solutions@mahindra.com and we will get back to you.

 

FAQs of Working Capital Loans By Mahindra Finance

 

How do I approach Mahindra Finance for a loan?

You may reach us at 022-6632-7940. You may also email your queries at sme.solutions@mahindra.com.

How much loan can I avail of? How is the quantum decided?

The working capital loan quantum is decided based on your requirement, credit assessment and repayment capacity. However, it is limited to Rs. 25 crore.

What is the maturity for each cycle/ tranche?

The maturity for the tranches is decided based on business requirements and cash generation cycles. It is limited up to a maximum of 60 days.

What can be accepted as security to avail working capital financing from Mahindra Finance?

We accept a wide range of securities. The spectrum includes land & real estate property; plant & machinery, equipment; Fixed Deposits, Deposit Certificates, KVP, NSC, securities issued by Central and State Governments, gold and other cash equivalents; life insurance policies; and others.

How long will it take to get the loan?

The loan will be processed within 10 working days provided everything is in order.

How do I repay my loan?

Each cycle/ tranche needs to be repaid at its maturity. PDCs, ECS mandate or Electronic Transfers are all accepted means of payment.

Can I prepay the loan?

Yes, you can prepay any tranche of the loan. There are no foreclosure charges.

Two decades ago, Mahindra and Mahindra Financial Services Limited (MMFSL) commenced its journey in the rural non-banking finance industry. And with that was born a vision to transform rural and semi-urban India into a self-reliant, flourishing landscape. Since then, we have come a long way, empowering millions of ambitious individuals with personalised finance for a wide range of vehicles, home development requirements and many other diverse endeavours – all to help them live their dreams and Rise in life.

At Mahindra Finance, we are guided by a firm belief in people, their dreams, and their potential to achieve those dreams. Hence, our socially inclusive business model facilitates loans to customers based not on their current financial status, but their future earning capacity. This philosophy has instilled a sense of confidence in the minds of rural and semi-urban India – a confidence that allows them to believe that no dream is too big. Today, as one of the leading non-banking finance companies, we are proud to have touched over 3 million lives.

During the course of our journey, apart from emerging as the top tractor financer in India, we have constantly strived towards developing skill sets of the local population. Which is why, we provide employment to over 16,000 people in over 1000+ branches across India. This not only ensures equal growth opportunity for all, but also enables us to serve our customers better through local understanding and expertise.

So be it a humble farmer or a budding entrepreneur – we are committed to empower every individual with resources to help their dreams see the light of day.

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