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Mahindra introduces new finance schemes & special offers amidst COVID-19 pandemic

Written by Nizam Shaikh

Mahindra & Mahindra has announced a variety of new finance schemes amidst COVID-19 pandemic to ease the burden on its customers and help them acquire Mahindra vehicles easily by offering them new long term loan tenures, special offers and limited period loan moratoriums which gives the customer financial flexibility in these trying times. 

The brand has availed special finance schemes for COVID warriors under which Doctor’s get a 50% waiver on processing fees and 90 days moratorium that gives them to buy now and pay later. The brand is offering a high funding scheme for Police personnel and pick-up vehicle owners can now own a Mahindra BS6 pick-up and pay the EMI same as the BS4. 

The brand has also offered the 90 days moratorium on its vehicle including Mahindra SUV which allows the customer to buy the vehicle now and start paying the EMI after 90 days. The brand has also offered a buy now and pay in 2021 offer on its SUVs along with 100% on the road funding. 

In order to empower women, the brand has offered a 10 bps discount on the rate of interest under their special offers scheme. The brand has also launched the balloon & step-up EMI schemes that offer EMI starting from as low as INR 1,234/ per lakh, low EMI for the first 3 months, Pay 50% Less EMI for 3 months for every year of the loan tenure, pay 25% of loan payment at the end of the loan tenure. 

Mahindra is offering finance options from various institutions and the customer can avail highest loan tenures which can be up to 8-years, rate of interest as low as 7.75%, no pre-payment/foreclosure charges from the first day as well as taxi funding available on a wide range of SUVs from the brand. 

Mahindra under new relaxed guideline from Government, have started resuming operations in-line with permission from local law enforcement following strict measures such as the screening of customers & staff for high temperature before entering the premises, use of masks, gloves, frequent hand sanitization by the customer and staff, alternate parking being utilized to ensure social distancing, every vehicle being sanitized before it is taken for repair work and vehicles being repaired in alternate service bays in the workshop to ensure social distancing. 

Mahindra has also employed the ‘Own-Online’ digital sales platform and encourages interested buyer’s to book a Mahindra SUV using the dedicated web portal in 4 simple steps from the safety and convenience of their home.