1. Enquiry & Consultation
Authorized company representative connects offline to explain loan options and terms.
Financial Solutions
Loan Services
Tailored for You
Flexible financing for personal, business, education, and property needs with transparent rates and customer-first service.
Reliable
Transparent
Smart Financial Solutions
Our Loan Products
Explore our comprehensive range of customized financial offerings, designed with complete transparency, affordable rates, and flexible structures.
Personal Loan
Mahindra General Finance Ltd provides collateral-free Personal Loans designed to support educational needs, travel, home renovation, debt consolidation, and major life purchases. Available under highly flexible tenure options to ensure a smooth, stress-free borrowing experience.
- Employment Slabs: Highly structured loan multiples depending on government vs. private sector salary slips.
- ITR-Based Option: Easy loans for self-employed professionals based on recent annual tax filings.
- Age Bracket: Open to Indian citizens aged 18 to 60 years.
Compliance Mandate: Personal Loans are strictly unavailable for wedding or medical emergency expenses.
Eligibility & Loan Availability Schedule
1. Pay Slip Based (Salaried Individuals)| Employment Type | Loan Multiple | Max Tenure |
|---|---|---|
| Govt. Employee | 30x – 50x Salary | Up to 10 Years |
| Private Employee | 10x – 30x Salary | Up to 7 Years |
Loan Eligibility Scale:
Last 2 Year I.T.R. x 3-4 Times
Based on the average net declared income computed across your recent two consecutive tax filings.
Required: KYC (Aadhaar/PAN), 3-Month Bank Statement, and either 2 Month Pay Slips or 2 Years ITRs.
Education Loan Slabs by Qualification
| Qualification Level | Eligible Amount |
|---|---|
| Undergraduate in India | Up to ₹5 Lakh |
| Postgraduate in India | Up to ₹10 Lakh |
| Overseas Undergraduate | Up to ₹15 Lakh |
| Overseas Postgraduate | Up to ₹25 Lakh |
| Professional (CA, Engg, Medical, IT) | Up to ₹25 Lakh |
Education Loan
Our customized Education Loans cover tuition fees, secure on-campus or off-campus accommodation, study materials, and academic tools for recognized higher education in India or abroad.
Moratorium & Special Benefits
Includes an extended study-period moratorium (no repayments during active studies), completely zero prepayment charges after 6 months, and co-applicant flexibility (repayments through scholarships or student part-time income).
- Age bracket: Salaried Indian citizens aged between 18 to 35.
- Income Rule: Minimum parent income of ₹15,000 monthly, or a co-applicant is mandatory.
Required: Student & Co-Applicant KYC (Aadhaar/PAN), Admission Letter with Fee Structure, Academic Marksheets (10th/12th/Graduation), and Co-Applicant's Income Proof (Pay Slips/ITR & 3-Month Bank Statement).
Property Loan (LAP)
Unlock the latent value of your residential or commercial properties. Continue occupying, operating, or renting your property while accessing high-eligibility funds for business expansion or private financial needs.
Loan-to-Value
(LTV)
70% –
80%
Maximum
Tenure
Up to 20
Years
- Eligible Applicants: Salaried individuals, self-employed professionals, companies, and partnerships.
- Age Parameters: Indian property owners aged between 21 to 60 years.
Mandatory Property Documents Checklist
- Property Ownership: Xerox copy of Registered Property Ownership Registry or Khasra-Khatoni (strictly mandatory).
- Owner KYC: Valid Dual-sided Aadhaar Card and PAN Card matching property owner records.
- Address Verification: Municipal tax receipt or utility bill mapped exactly to property location.
- Income Verification: Recent 2 months' salary slips OR last year's verified ITR + 3-month bank statement.
Business & Project Loan
Growth-focused corporate funding range starting from ₹1 Lakh to ₹2 Crore, with flexible tenure options of 1 to 15 years mapped carefully to working capital or operational setups.
Category
A
Loans Below ₹5 Lakh
Designed for quick liquidity, small expansions, and working capital needs with simplified verification parameters.
- Aadhaar Card & PAN Card
- Last Year's verified ITR + Computation
- MSME Certificate / GST Registration
- Last 6 Months Current Bank Statement
- verified Business Address Proof
Standard
Category
B
Loans Above ₹5 Lakh
Structured for extensive scaling, machinery setups, inventory purchases, and medium-scale enterprise requirements.
- Aadhaar Card & PAN Card
- 2 Years' consecutive verified ITRs
- GST Registration & Last Year GST Return
- Last 1 Year Current Account Statement
- CA-certified Balance Sheet & P/L Sheet
Category
C
Project Loans
Specialized infrastructure funding, heavy industry investments, building setup, and large-scale execution processes.
- Aadhaar Card & PAN Card
- Detailed Project Report (DPR)
- Comprehensive Cost Estimation Sheets
- CA-certified Financial Viability Report
- project site address and blueprints
Loan Application Procedure
Official Offline Relationship Workflow
2. Document Submission
Customer provides required KYC, income, and property documents to the relationship manager.
3. Internal Verification
Detailed internal and third-party checks verify applicant credentials and documents.
4. File Charges
Applicable file charge is paid (100% refundable within 24 hours of successful disbursement).
5. Sanction Letter
Upon successful verification, an official sanction letter is issued with approved loan amounts.
6. Processing Fee
Paid only after sanction. Customers can conveniently split this fee across the first 6 EMIs.
7. Guarantor Paperwork
Submission of guarantor paperwork (7 x ₹100 stamp papers in favor of the guarantor).
8. Guarantor Verification
Internal and third-party checks verify the guarantor's profile and credentials.
9. Loan Disbursement
Sanctioned loan amount is transferred securely via RTGS directly within 3-5 business days.
Eligibility Criteria
Accepted Guarantors
A guarantor is required for every loan application, irrespective of the applicant's profile. The guarantor must fulfill the company's eligibility criteria.
1. Government Employee
Government department employees accepted under company policy include: Education, Nigam Nagar/Palika, PWD, PHE, Banks, Roadways, Railways, Indian Postal, Forest, BSNL, LIC, Health, Electricity, and similar departments.
Note: No type of Defence Department employee is accepted as a guarantor.
2. Private / Ltd Company
All employees working in registered Private Limited or Limited Companies are accepted as reliable guarantors.
Note: Employees of GST-registered firms (proprietorships or partnerships) are not accepted.
3. Property Owner
All types of registered property owners across India are accepted as guarantors, subject to valid property ownership documents.
Statutory Vetting
Guarantor Mandate & Paperwork
Official compliance parameters, required guarantor volumes, and paperwork guidelines necessary for statutory offline loan processing.
Required Guarantor Scale
Mandatory guarantor counts aligned directly with the sanctioned loan bracket:
1 Lakh to 10
Lakh
1
Guarantor
10 Lakh to 25
Lakh
2
Guarantors
25 Lakh to 50
Lakh
3
Guarantors
50 Lakh to 1
Crore
4
Guarantors
1 Crore to 5
Crore
5
Guarantors
Responsibilities of a Guarantor
Joint Liability
Responsible for repayment if the primary borrower delays or defaults.
Rigid Vetting
Full verification of employment history and registered property credentials.
Notifications
Receive official loan notices, compliance updates, and communications.
Enduring Bond
Must remain committed as active guarantor until the sanctioned loan is fully repaid.
Required Guarantor Documents
To complete the mandatory offline relationship validation, the guarantor must present the following compliance paperwork:
Guarantor Identity (KYC): Dual-sided Aadhaar Card, PAN
Card, and a recent colored Passport-size Photo.
Income Proofs: Recent 2 months' consecutive salary
slips (if the guarantor is a salaried professional).
Property Proofs: Xerox copy of Registered Property
Ownership Papers (if the guarantor is a property owner).
Statutory Stamp Mandate
Exactly 7 x ₹100 Stamp Papers registered in favor of the guarantor are strictly mandatory under corporate lending laws.
Guarantor Terms & Policy
Statutory mandates that govern guarantor validation under Mahindra General Finance Ltd's lending parameters:
Adult Family Consent: Written consent and signature
verification from all adult family members of the guarantor is mandatory.
Property Valuation: The market valuation of the
guarantor's registered property must be at least twice the
sanctioned loan amount.
Compliance Checks: All guarantors undergo thorough
internal credit, address verification, and third-party checks before final disbursement.