The scheme is aimed at providing customers with offers and discounts on vehicle loans at "extremely competitive rates" during the festive season, Mahindra Finance said in a statement.
"‘Shubh Utsav’ has been launched with immediate effect and will continue over the next two months, till November-end," it said, adding that the offers would be available pan-India and are "specifically meant for customers who plan to avail vehicle loans during these two months."
The customer benefits that have been rolled out through the campaign are as follows: SUV Loans (Mahindra brand) at interest rates starting 7.35 percent; up to 100 percent funding; loan tenure up to 7 years; 50 percent waiver on processing fees; and loan on tractor implements at zero processing fee.
In addition to the above offers, the company is also offering the "Buy now and pay after 60 days" scheme, and "quarterly and half yearly EMI for select customers for car and tractor loans".
Empower customers to access their loan account details through smartphones
“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.
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