Mahindra’s Construction Equipment Division (MCE) and Bank of Maharashtra signs MoU

Mahindra’s Construction Equipment Division (MCE) and Bank of Maharashtra have established a strategic alliance to provide customized financing options for the company’s construction equipment inventory. Through attractive interest rates and long loan terms, this joint venture seeks to offer clients customized financial support for the acquisition of Mahindra’s new and existing BSV line of construction equipment.Favorable financing terms are included in the deal, such as EMI choices with monthly payments as low as INR 51,000, a lower interest rate starting at 9%, up to 90% on-road funding, and a longer loan period of up to 7 years with a moratorium. Customers will also receive a 50% processing fee waiver as part of this exclusive arrangement.With their cutting-edge features and adherence to industry best practices, these goods are predicted to set industry standards and support the expansion of infrastructure.”With Bank of Maharashtra’s wide network and reputation throughout the nation, we will be able to provide our customers with the best solutions,” said Jalaj Gupta, Business Head – Commercial Vehicles, Mahindra & Mahindra Ltd., expressing his optimism about the partnership. Through this agreement, MCE and Bank of Maharashtra will be able to take advantage of one other’s extensive networks and innate advantages.