What Makes Mahindra Finance an Ideal Choice for Financing Your SME?

Launching a small- and medium-sized enterprise (SME) requires capital. This can be a serious challenge for most people, irrespective of how promising the business idea is. A business loan can help you take your vision to the next level. While there are multiple financial providers in the market, you should consider Mahindra Finance as a good option; it offers numerous customer-oriented features and services.  

How can this financial provider help?

Whether you want to invest in a new business or wish to grow an existing one, getting MSME loans can make the entire process smoother. This is where business loans from Mahindra Finance come to your rescue. You can use the loan towards various business development activities, such as resource-building, increasing inventory storage, and financing new equipment, among others.

What makes it the ideal choice?

An SME loan from Mahindra Finance offers an array of benefits. This financial institution: 

• Has a PAN India presence with more than 1,300 offices across the country

• Has a credit rating of AA+ by CRISIL

• Offers flexible loan norms  

• Has an easy loan application process

• Provides fast-processing and turnaround

• Requires simplified documentation

• Accepts a variety of collaterals, which include real estate, machinery, fixed deposits, equipment, deposit certificates, National Savings Certificate (NSC), Kisan Vikas Patra (KVP), securities issued by the state or central government, gold, and life insurance policies, among others

• Finances industrial projects with a loan amount up to INR 40 crore for a maximum duration of six years 

• Provides finance for equipment with a loan amount up to INR 40 crore and a flexible repayment tenure ranging from six months to five years

• Offers corporate loans up to INR 25 crore with a tenure ranging between one year to five years 

• Grants a secured business loan based on the property’s valuation with a maximum tenure of seven years 

• Processes a project loan request in 20 working days if you meet the SME loan eligibility criteria and if your application is in order

• Allows repayment using equated monthly installment (EMI), ballooning repayment, bullet repayment, post-dated checks (PDCs), and Electronic Clearing Service (ECS) mandate 

• Allows prepayment of the loan with 2% foreclosure charges applied on your principal outstanding

Mahindra Finance’s competitive SME loan interest rates and flexible financing options make it the ideal choice for business loans. This provider has contributed significantly to the development of SMEs in the country by going beyond consumer finance and setting up units for them. Today, it has emerged as one of the leading financial institutions in semi-urban and rural India.