Mahindra Construction Teams Up With Bank Of Maharashtra For Financing Solutions

Mahindra’s Construction Equipment Division (MCE) has formed a strategic partnership with the Bank of Maharashtra to offer customised financing solutions for its construction equipment range. This joint effort aims to help customers buy Mahindra’s current and upcoming BSV range of construction equipment, with attractive interest rates and long loan tenures.

Benefits of the Partnership

The partnership offers favourable financing terms, such as EMI options as low as INR 51,000 per month, interest rate as low as 9%, up to 90% On-Road funding, and loan tenure of up to 7 years, including moratorium. Customers can get a 50% discount on processing fees as part of this exclusive deal.

These products are expected to set industry standards, supporting infrastructure development with advanced features and compliance with industry best practices.

Jalaj Gupta, Business Head – Commercial Vehicles, Mahindra & Mahindra Ltd., expressed his confidence in the partnership, saying, ‘This collaboration will enable us to provide the best financial solutions to our customers, using Bank of Maharashtra’s wide reach and trust across the country. The partnership will allow both MCE and Bank of Maharashtra to leverage each other’s large network and inherent strengths.’

Financing Options Available

Bank of Maharashtra, with a network of over 2,400 branches and 46 Zonal offices, is ready with a variety of financing options through this collaboration. Customers can easily access these financing options by visiting the nearest Mahindra Construction Equipment dealership. In response to current market trends, the bank has launched a specialised service, Mahabank Equipment Finance, catering to customers involved in construction, mining, and related activities, enabling them to acquire equipment such as earthmoving equipment, construction vehicles, material handling equipment, and more.