3.9
33K reviews
10L+
Downloads
Content rating
Everyone
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About this app

“Mahindra Finance App” is the official customer app of Mahindra Finance.

Through Mahindra Finance App, consumers can view vehicle loan, FD details or apply for pre-approved loans and other customized offers.

Here is what you can do with the new and improved app.

1. Quick Easy one time registration with login via PIN or Fingerprint

2 .Active account information: View and manage your active loans and Fixed deposit investments, make payments and more.

3. Repayment Schedule: Access repayment information, EMIs due, amount paid, and amount remaining and download repayment schedule.

4. Pre-approved offers: View pre-approved offers & details, get product information or request a call back.

5. Payments: Pay your EMIs using your preferred mode - Debit Cards Net Banking, Wallets, UPI.

6. Executive Connect: Connect with your relationship executive for any assistance through our Request a Callback facility.

7. Branch Locator: Branch locator provides an easy navigation to the branches near you.

8. Cash Payment Points: For consumers, who want to pay their EMIs in cash, locate your nearest cash collection centers.

9. Offline Capability : The app provides key user information like account summary, repayment details, executive information etc. even when you’re offline.

10: Easy apply for Mahindra Vehicle Loans & Mahindra Mutual Funds & Insurance.

11: Receive important messages from Mahindra Finance with notification feature.

Minimum tenure : 6 months , maximum tenure : 18 months
Rate of interest : 1% per month
Min loan amount 25k , max amount : 1.75 lakh
AIR : Annual interest Rate : Min: 19% , Max : 25%
Option to have insurance cover (MLS) at an additional small fee which protects the Borrower from any further liability.
Scenario with insurance cover
Finance cost : 1 lakh
Tenure : 12 months
Finance charge (1 % per month) : INR 12,000

Processing charge : INR 2000 ( ACH mode : 2% of loan amount , Cash mode 3% of LA)
* ACH mode has been chosen in this case.

Future receivable : INR 1,12,000 ( 1,00,000 FA +12,000 INT)

Amount to be disbursed after deduction = Finance amount – ( processing fee + MLS ) = 1,00,000 – (2000+337 ) = INR 97663

Monthly EMI is listed in calculator too = Future receivable / tenure. 1,12,000/12 = 9333*11 , 9337*1

Scenario without insurance cover
Finance cost : 1 lakh
Tenure : 12 months

Moratorium : 30 days
Finance charge (1 % per month) : INR 12,000

Processing charge : INR 2000 ( ACH mode : 2% of loan amount , Cash mode 3% of LA)
* ACH mode has been chosen in this case.

Future receivable : INR 1,12,000 ( 1,00,000 FA +12,000 INT)

Amount to be disbursed after deduction = Finance amount - Processing fee = 1,00,000 - 2000 = INR 98,000

Monthly EMI = Future receivable / tenure. = 1,12,000/12 = 9333*11 , 9337*1

Supported for Android OS 7.0 and above
Updated on
11 Apr 2024

Data safety

Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region and age The developer provided this information and may update it over time.
No data shared with third parties
Learn more about how developers declare sharing
No data collected
Learn more about how developers declare collection

Ratings and reviews

3.9
32.8K reviews
Bharat Joshi
4 May 2024
There no information about my investment. Also 15 G or 15 H can't fillup in app. You should study the *Bajaj Finance* app which is so easy and can see your everything regarding your investment. Also you can fill up your 15G and 15H form easily. Your this app is totally useless.
5 people found this review helpful
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MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED
6 May 2024
Dear Bharat Joshi, we sincerely apologize for the inconvenience caused. Kindly fill your details on https://bit.ly/48xg6Hz and our team will get in touch with you on priority.
Chandrani Mazumdar
16 March 2024
Please fix your app. It's bugging all the time. Even if I use my fingerprint or login id I'm still not able to login to my account. This is really annoying!!!!
38 people found this review helpful
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MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED
18 March 2024
We regret to inform you that our services are currently experiencing disruptions and we are working to fix this as soon as possible. We apologize for the inconvenience caused and appreciate your patience.
Lalhruai Zela
11 March 2024
First use going well, second time, not good. Today, i spent my whole leisures touching fingerprint sensor, all fingers fail, and still trying.
16 people found this review helpful
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MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED
12 March 2024
Dear Sir, we sincerely apologize for the inconvenience caused. Kindly fill your details on https://bit.ly/48xg6Hz and our team will get in touch with you on priority.

What's new

General Fixes