Mahindra Finance Launches ‘Shubh Utsav’ for Vehicle Loans
- Offers are valid till the end of November
Mahindra & Mahindra Financial Services (Mahindra Finance), India's leading NBFC (non-banking finance company) has announced the launch of 'Shubh Utsav', offering 2 months special festivities on vehicle loans. The scheme aims to offer customers offers and discounts on vehicle loans at highly competitive rates during this season.
The ‘Shubh Utsav’ has been started with immediate effect and will continue for the next two months till the end of November. It has special finance schemes and will be available across India and especially for customers who plan to take a vehicle loan during these two months.
Several innovative customer benefits have been rolled out through the ‘Shubh Utsav’ campaign. The customers can look forward to the following vehicle loan bonanza:
- SUV Loans (Mahindra brand) at interest rates starting 7.35%
- Up to 100% funding
- Loan tenure up to 7 years
- Buy now and pay after 60 days
- 50% waiver on processing fees
- Pre-owned car loans at interest rates starting 12%
- Loan on Tractor Implements at zero processing fee
- Quarterly and half-yearly EMI for select customers for Car and Tractor loans
The Shubh Utsav will be especially beneficial for new car customers who want to buy a vehicle on loan. These buyers can avail benefits like loan on SUV with loan period up to seven years, 50 per cent waiver on processing fees, 100 per cent funding and interest starting from 7.35 per cent. In addition to passenger vehicles, customers who want to buy Mahindra commercial vehicles like trucks and tractors can also opt for this scheme.
Mahindra has recently launched the XUV700 and has managed to collect 50,000 bookings for the SUV in just two days. The XUV700 offers a wide variety of buyers with both petrol and diesel powertrains with manual and automatic transmissions. We have driven the Mahindra XUV700 and you can read our first-drive review here.
