Mahindra: Own now, pay after 90 days & other finance schemes

Customers providing essential services in the commercial vehicle segment can also benefit from this offer.

In view of the ongoing Covid-19 crisis, Mahindra has announced new finance schemes to boost buyer confidence.

The carmaker is offering the "Own Now and Pay after 90 days" scheme on its entire range of products. It will enable customers to opt for EMI payments after 3 months. Customers providing essential services in the commercial vehicle segment can also benefit from this offer as it would allow them to earn, save and pay after 3 months.

Other finance schemes offered by the company include:

• Lowest rate of interest starting from 7.25%
• Up to 100% on-road funding
• Accessories and extended warranty funding in addition to vehicle loan
• Nil foreclosure charges
• Highest tenure up to 8 years for personal UVs
• EMI starting as low as Rs 799 per lakh for personal UVs
• Instant EMI for accessories and extended warranty based on Debit / Credit card payments
• Lowest ROI for Bolero Pickup and BMT starting from 9.4%
• Highest tenure up to 6 years on Bolero Pickup

Besides this, Mahindra is offering accessories worth Rs. 3,000 on online bookings and a benefit of Rs. 2,000 for an online loan sanction, with a special processing fee and rate of interest.

Customers also have the option to convert their accessories, extended warranty or workshop payments in monthly instalments and avail a cashback of up to Rs. 3,000.