Finance


Considering upgrading your current vehicle to something that complements your aspirations, but don't want to break the bank while doing it? Joining forces with Mahindra First Choice Wheels is a step in the right direction. Our flexible car finance options, provided by some of the most respected financial institutions in India, allow you to turn even your most impossible car dreams into a reality.

INTERESTED IN FINANCE? PLEASE FILL UP THIS FORM:

[contact-form-7 id="1801" title="test"]

The Mahindra First Choice Wheels advantage allows you to:

  • Choose a vehicle that complements every specific need that you might have.
  • Get assistance in choosing auto finance options for cars from our qualified team of Mahindra First Choice Wheels executives.
  • Get access to the most respected financial institutions in India
  • Avail of speedy, convenient and efficient approvals
  • Gain access vehicle to loan amounts that are decided on the basis of your repaying capacity.

Our customers vehicle are provided with the following financial benefits at the discretion of the financial institution:

  • Borrow up to 80% of the value of the car.
  • Flexible repayment options, ranging from 12 to 60 months.
  • Borrow up to 3 times your annual income (for salaried professionals) and 6 times your annual income (for self-employed professionals)
  • Repay with easy EMI's.
  • Fast processing on existing car loan track.

ELIGIBILITY CRITERIA

  • At Mahindra First Choice Wheels, we have an upgrade option available to suit your budget and needs, no matter what they might be. Read on to know more about our eligibility criteria.

Eligibility for Salaried Individuals

  • Minimum age of applicant: 21 years
  • Maximum age of applicant at loan maturity: 60 years
  • Minimum employment: Should be currently employed for a minimum period of 1 year and have been employed for a minimum of 2 years.
  • Gross household income i.e. including income of the spouse: Rs 100000 net annual income
  • elephone: Necessary at residence.

Eligibility for Partnership Firms

  • Minimum income  : Rs. 60000 p. a.
  • Minimum turnover  : Turnover Rs 4.5 lacs.
  • Telephone     : Landline number required at the office and at the residence of the loan applying partner. Post-paid mobile phone with a three month validity period is acceptable in case a landline is available only at one place.

Eligibility for Private Limited / Public Limited Company

  • Minimum income : Rs. 60000 p. a.
  • Telephone : Landline at office.