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Mahindra Finance Review
Mahindra Group
Mahindra-group NBFC; strong rural/semi-urban consumer finance.
Red flags
- •APR up to 34% for rural/thin-file borrowers
- •PF + GST on disbursal
Green flags
- •Upper Layer NBFC under RBI SBR
- •Mahindra Group governance
- •1,300+ branches
- •Listed on NSE/BSE
Permissions demanded
Data practices
Data captured per RBI DLG; no contacts/gallery permission.
Recovery practices
Field collections under RBI FPC; recorded calls and identified agents.
Sources & references
Grievance & support
- Support / helpdeskshare.mmfsl@mahindra.com
Contact details published by the lender. If unresolved within 30 days, escalate via RBI Sachet.
Disclaimer: Reviews are independent editorial assessments based on publicly available information and user-submitted complaints. APR ranges and fees can change — always check the lender's Key Fact Statement before borrowing. Not financial or legal advice.
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Frequently asked questions about Mahindra Finance
Is Mahindra Finance RBI-registered?
Mahindra Finance is operated by Mahindra Group. Its RBI status: RBI-regulated NBFC. Always verify the parent lender directly on the RBI NBFC list before borrowing.
What is the real APR on Mahindra Finance?
Mahindra Finance charges an APR between 15% and 34% per annum with a processing fee of up to 3%. After fees and GST, the effective APR on short tenures can be significantly higher than the headline rate.
Is Mahindra Finance safe to use?
Mahindra-group NBFC; strong rural/semi-urban consumer finance. Permissions demanded: Camera (KYC), SMS (OTP), Location (branch). Recovery practices: Field collections under RBI FPC; recorded calls and identified agents..
What loan amount and tenure does Mahindra Finance offer?
Ticket size ranges from ₹50,000 to ₹10,00,000, with tenure between 12 and 61 months.
How do I close my Mahindra Finance loan early?
Open the app, request a foreclosure quote in writing, and pay the principal + accrued interest. Demand the No Dues Certificate (NDC) within 7 working days — RBI mandates it. If Mahindra Finance refuses or harasses you, file a complaint on the RBI Sachet portal.