Mahindra Finance is dedicated to providing its customers with convenient financial solutions. They look at your financials as well as your strengths in order to provide solutions for your business needs. You can get a business loan up to Rs.40 crore for tenure up to 36 months.
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Features and benefits
Mahindra Finance is the largest NBFC in rural India, with over 7.3 million customers spread across 7000 towns and over 3,80,000 villages.
PAN-India existence with 1380+ offices and assets worth approximately Rs. 51,782 Crore.
Mahindra Finance has the good credit rating i.e, Long Term Debt: AA + by CRISIL, Fixed Deposits: FAAA by CRISIL
Documentation has been simplified.
A wide range of acceptable collateral is available.
Easy and Quick processing
Provides both secured and unsecured loans
Facilitates loans for industrial project financing, Equipment financing, Lease rental discounting and more.
Company will decide the interest rate according to your loan amount and credit history.
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Requirements to apply for Mahindra finance SME Loan
You must have a business plan : While applying for the loan you have to submit a detailed information of your business and why are yoy taking loan.
You should have a good credit score : Your credit score should be more than 650 and should have updated credit report. Lender will se and review your credit report before providing you the loan.
Your business must state your financial goals for nect 5 years.
Business owners KYC documents
Audited Balance sheet and Profit and loss accounts of past 3 financial years.
