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Mahindra introduces new finance schemes in addition to ‘Own Now, Pay in 2021’

Written by Nizam Shaikh

Mumbai-headquartered Mahindra & Mahindra has announced a number of new finance schemes for all its vehicles. The new finance schemes not only allow acquisition of Mahindra vehicles at an affordable cost with reduced burden of an upfront full payment along with a special and first of its kind finance offering for accessories for the personal range of utility vehicles. 

The new finance scheme can also be availed on a range of vehicle accessories giving additional flexibility to the customers. The brand also extends its finance schemes to customers who are salaried or self-employed individuals, agriculturist as well as commercial vehicle owners. The schemes can be availed on the entire range of Mahindra vehicles. 

The latest finance scheme include offers such as – 50% lower EMI for the first 9 months than the regular EMI on personal utility vehicles, 76% lower EMI for the first 6 months of EMI on personal utility vehicles, EMI options as low as INR 899 per lakh for personal utility vehicles and 7-Year loan tenure for the Bolero Pickup and Bolero Maxi Truck. Additionally, the brand also provides accessories funding options up-to 10% of Ex-Showroom price for personal UVs as mentioned before. 

The brand also continues to offer the finance schemes it had launched previously under the ‘Own Now, Pay In 2021’ initiative which includes highest loan tenures up to 8 years of funding, up to 100% on-road funding, 90 days moratorium on the EMIs, 50% processing fee waiver for Doctors and a scheme that allows customers to own a BS6 Pick Up by paying EMI equivalent to a BS4 Pick Up. 

Mahindra also encourages prospective buyers to use the brand’s ‘Own-Online’ digital sales platform and encourages interested buyers to book a Mahindra SUV of their choice from the safety and convenience of their home using the dedicated digital sales portal. 

The schemes are offered through various financial institutions and customers will have to get in touch with nearest dealers to avail of these unique offers.