Mahindra Construction Equipment Partners with Bank of Maharashtra Breakthrough

Mahindra’s Construction Equipment Division has partnered with Bank of Maharashtra to provide customized financing solutions for its equipment. The partnership, signed by Jalaj Gupta and Rajesh Singh, will offer competitive interest rates and flexible loan tenures for Mahindra’s current and upcoming BSV range of construction equipment. The partnership leverages Bank of Maharashtra’s 2,400 branches for nationwide financing options. In a significant move aimed at bolstering India’s infrastructure development, Mahindra’s Construction Equipment Division (MCE) has entered into a strategic partnership with the Bank of Maharashtra. This collaboration is designed to provide tailored.

Financing solutions for Mahindra’s range of construction equipment, including the RoadMaster motor grader and Earth Master backhoe loader. The Memorandum of Understanding (MoU) was signed by Jalaj Gupta, Business Head of Commercial Vehicles at Mahindra & Mahindra, and Rajesh Singh, GM of Retail & MSME at Bank of Maharashtra, in the presence of AS Rajeev, MD & Chairman, and Ashish Panday, Executive Director of the bank The partnership leverages the extensive networks of both organizations to offer comprehensive financing solutions. Bank of Maharashtra boasts over 2,400 branches and 46 zonal offices across India, providing a vast reach to customers in both urban and rural areas.

This widespread presence ensures that customers nationwide can access financing options conveniently. Mahindra’s dealerships, located strategically across the country, serve as touchpoints where customers can learn about and avail of these financing solutions The collaboration offers a range of financing options tailored to meet the diverse needs of customers in the construction and infrastructure sectors These solutions are designed to cover a wide array of Mahindra’s construction equipment, including the RoadMaster motor grader, EarthMaster backhoe loader, and various attachments. The financing options are structured to provide flexibility and affordability, ensuring that customers can acquire the necessary.

Attractive Financing Terms and Conditions

Under the terms of the partnership, customers can avail themselves of financing options with attractive terms. EMI plans start as low as INR 51,000 per month, making it accessible for small and medium-sized enterprises (SMEs) involved in construction activities. Interest rates are competitive, beginning at 9%, and customers can secure up to 90% on-road funding. Loan tenures are flexible, extending up to 7 years, including a moratorium period, allowing customers ample time to repay the loan. Additionally, a 50% waiver on processing fees is offered, further enhancing the affordability of the financing options In response to the dynamic needs of the construction and infrastructure.

Sectors, Bank of Maharashtra has introduced the Mahabank Equipment Finance scheme. This specialized offering is designed to cater to customers engaged in construction, mining, and related activities, providing them with the financial support needed to purchase various construction equipment. The scheme aims to streamline the financing process, making it more convenient for customers to acquire the necessary machinery for their projects The application process for availing of these financing solutions is straightforward and customer-friendly. Interested customers can visit their nearest Mahindra Construction Equipment dealership or Bank of Maharashtra.

Branch to apply for financing under the Mahabank Equipment Finance scheme. Representatives at these locations are available to guide applicants through the necessary steps and documentation requirements, ensuring a seamless experience. This accessibility ensures that potential customers can easily explore and utilize the financing solutions available to them. The partnership between Mahindra Construction Equipment and Bank of Maharashtra represents a significant step toward facilitating infrastructure development in India. By providing tailored financing solutions, the collaboration makes it easier for businesses and individuals to acquire the necessary equipment to undertake.