Get a Personal Loan upto ₹25 Lakh in 30 Minutes*
100% digital and secure process, 45% lower EMIs starting @ ₹1104/Lakh — pay interest only on what you use with Flexi Loan.
Loan Approved in 2 min
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The 100% online flow (step-by-step)
Share Marazzo details Enter model year, fuel (diesel), transmission (MT/AMT/AT as applicable), kilometres run, ownership (1st/2nd), and your city/pincode.
See an instant indicative offer Based on your inputs and preliminary checks, you’ll see a provisional loan amount, rate band, and tenure options in real time.
Complete digital KYC & upload documents Finish PAN/Aadhaar e-KYC and upload RC, valid insurance, and recent bank statements via an encrypted portal.
Rapid verification & OTP e-sign Your details are verified swiftly. Review the agreement and approve with OTP-based e-sign.
Fast disbursal On successful verification, funds are credited—often within 1 hour for eligible profiles during banking hours.
Who typically qualifies?
Vehicle: Mahindra Marazzo within lender age/mileage policy and in acceptable condition.
Ownership: RC in your name (first/second owner as per policy).
Insurance: Active third-party or comprehensive policy.
Profile: Salaried or self-employed with stable income and an acceptable bureau history.
Location: Residence in a serviceable city/pincode.
Final sanction is subject to valuation, credit & fraud checks, documentation completeness, and local underwriting norms.
Paperless documentation (upload in minutes)
KYC: PAN and Aadhaar (or permissible equivalents).
Address proof: Aadhaar/Passport/Driving Licence/Utility bill (as applicable).
Vehicle: RC (Registration Certificate) and valid insurance; PUC if required by your RTO.
Banking & income: Recent bank statements; salary slips or ITRs depending on your profile.
Photo & signature: Captured digitally during the journey.
Speed tip: Crisp, legible scans and matching KYC details (name, address, DOB) are the fastest way to achieve within-1-hour disbursal (for eligible profiles).
Indicative rates & charges (what to expect)
| Component | Typical guidance* |
|---|---|
| Interest rate (p.a.) | Competitive vs many unsecured PLs (profile & valuation dependent) |
| Processing fee | One-time; commonly netted from disbursal |
| Prepayment/Foreclosure | Usually allowed after a minimum lock-in; nominal charges may apply |
| Late payment charges | Levied on overdue EMIs |
| Other applicable fees | Disclosed upfront—no hidden costs |
*Actual pricing varies by city, vehicle age/condition, valuation, credit score, obligations, and chosen tenure.
Plan your EMI with confidence (accurate, ready-to-use examples)
Your EMI depends on the loan amount (P), annual interest rate (R), and tenure (n months).
Formula EMI = P × r × (1 + r)^n ÷ [(1 + r)^n − 1], where r = R ÷ 12 ÷ 100 (monthly rate).
₹6,00,000 @ 12.00% p.a. for 36 months → EMI ≈ ₹19,928.59
₹9,00,000 @ 12.25% p.a. for 48 months → EMI ≈ ₹23,811.08
₹4,50,000 @ 11.50% p.a. for 24 months → EMI ≈ ₹21,078.14
₹12,00,000 @ 12.50% p.a. for 60 months → EMI ≈ ₹26,997.53
Use an EMI calculator to test different combinations. A right-sized EMI balances monthly comfort with total interest and helps maintain strong repayment behaviour.
Smart ways Marazzo owners use this loan
Medical & emergency care: Access funds quickly when timing is critical—without touching long-term investments.
Business working capital: Bridge receivables, buy inventory, or fund seasonal demand—without diluting equity.
Education & upskilling: Finance tuition, certifications, devices, or relocation costs.
Home improvement: Renovations, modular storage, furnishings, or energy-efficient appliances—on predictable EMIs.
Travel & life events: Plan weddings, festivals, and milestone trips with a clear payoff plan.
Debt consolidation: Replace multiple high-cost borrowings with one EMI and a defined closure date.
Loan against car vs fully unsecured personal loan
Loan against Marazzo (secured)
Asset-backed → often lower overall cost vs many unsecured options.
Higher eligibility odds for well-documented, stable profiles.
Keep using your MPV; a lien/hypothecation is simply recorded on the RC until closure.
Unsecured personal loan
No collateral → pricing often higher.
Approval leans heavily on bureau score, income, and current obligations.
Can be quick, but total cost may be higher across the tenure.
What influences your sanctioned amount?
Vehicle specifics: Model year, kilometres, transmission, service history, accidental record, and trim/equipment.
City-level valuation: Resale appetite for spacious, efficient MPVs like the Marazzo in your market.
Credit profile: Score, repayment behaviour, existing EMIs/limits, and utilisation.
Income stability: Salary inflows for salaried; business vintage and bank-statement health for self-employed.
LTV & local policy: Lender loan-to-value caps and underwriting norms vary by city and vehicle age.
Documentation quality: Complete, accurate, legible uploads accelerate verification and can support stronger offers.
Why Mahindra Marazzo owners often receive strong offers
The Marazzo blends family-first space with smooth road manners and sensible running costs—exactly what the MPV segment demands. Its 7/8-seat flexibility, airy cabin, and diesel efficiency keep demand resilient across metros and growth cities, supporting healthy resale values. Lenders view such assets favourably, often resulting in competitive rates, smoother approvals, and faster disbursals for eligible owners—subject to the car’s condition, document quality, and your credit strength. In short, your MPV’s reputation works in your favour when you borrow against it.
Practical checklist to actually get money within 1 hour (eligible profiles)
Apply during banking hours to enable same-day checks and disbursal.
Keep documents handy: PAN, Aadhaar, RC, insurance, and recent bank statements for instant upload.
Use your registered mobile number for frictionless OTPs and e-sign.
Enter exact vehicle details (variant, year, kilometres) to avoid re-valuation holds.
Right-size your EMI: Pick a tenure aligned to income; conservative EMIs often speed underwriting.
Ensure active insurance & PUC (if required) to prevent avoidable verification delays.
Stable internet & updated browser help avoid upload or e-KYC hiccups.
Responsible borrowing playbook
Borrow only what you need: Lower principal = lower total interest.
Leverage prepayment windows: If cash flows improve, part-prepay after lock-in (per policy) to cut interest.
Maintain a buffer: Don’t drain savings; keep an emergency fund intact.
Protect the asset: Timely servicing and valid insurance preserve valuation.
Build credit health: On-time EMIs and low utilisation unlock better future terms.
Security & privacy—built into every click
Bank-grade encryption protects data at rest and in transit.
Consent-based, read-only statement connectors use secure tokens.
Transparent permissions and clear audit trails at every step.
Paperless workflows minimise handling risk and accelerate turnaround time (TAT).
Frequently asked questions (FAQ)
1) What is a personal loan against car for Marazzo owners?
A secured personal loan where your Mahindra Marazzo backs the borrowing. You keep using the MPV; the lender typically records a lien/hypothecation on the RC until closure.
2) Do I need to hand over the car or transfer the RC?
No. There is no vehicle hand-over and no RC transfer. Only a lien/hypothecation is noted while you continue driving.
3) Is the process truly 100% online and paperless?
Yes—application, e-KYC, document upload, and e-sign are fully digital. For most eligible customers, no branch visit is required.
4) Can disbursal really happen within 1 hour?
Many eligible profiles receive approval & disbursal within 1 hour after verification during banking hours. Timelines vary by city, document readiness, and system uptime.
5) How much can I borrow against my Marazzo?
Your sanctioned amount depends on valuation (age, kilometres, condition), lender LTV policy, credit score, income stability, and location.
6) What interest rate should I expect?
Rates are typically competitive vs many unsecured PLs; your APR depends on valuation, credit strength, tenure, and city.
7) Which documents are required?
PAN, Aadhaar, RC, insurance, recent bank statements, and income proofs (salary slips/ITR) as applicable—uploaded online.
8) Can I prepay or foreclose early?
Usually yes, after a minimum lock-in. Any prepayment/foreclosure charges are disclosed upfront before you e-sign.
9) My Marazzo is older/high mileage—am I still eligible?
Often yes. Amount and pricing may vary. Submit accurate details to receive a real-time indicative offer.
10) How are EMIs paid?
Enable e-mandate/auto-debit for on-time, worry-free repayments.
11) Are there hidden fees?
No. Interest, processing fee, and any applicable charges are clearly disclosed before you proceed.
12) What happens after loan closure?
You’ll receive a No-Dues/closure letter; the lien/hypothecation is then removed from your RC per your local RTO process.
