How do I check my repayment history?

Log in to your Mahindra Finance account and view the "Transaction History" section.

Mahindra Finance Home Loan Payment Options and Methods

Mahindra Finance home loan payment

Mahindra Finance offers a variety of convenient options for making home loan payments. Borrowers can pay their EMIs online through platforms such as the Mahindra Finance website, where they can utilise methods like net banking, debit cards, UPI, and wallets for secure transactions. The process is straightforward: users need to log into their account, navigate to the payment section, and select their preferred payment method. Additionally, Mahindra Finance provides offline payment options at their branches for those who prefer in-person transactions. They also offer a Quick Pay feature that allows for fast payments without needing to log in, ensuring flexibility and ease for borrowers managing their home loan repayments.

Bajaj Pay, the BBPS platform from Bajaj Finserv, makes loan repayments seamless and efficient. With this platform, you can view, pay, and download your loan repayment receipt with just a few clicks. Bajaj Pay also supports payments for various other financial obligations, allowing you to streamline multiple payments in one place.

How to repay your Mahindra Finance home loan via the Bajaj Finserv website

1. Visit the Bajaj Finserv website: Access the homepage of Bajaj Finserv.

2. Go to payments: Click "BILLS AND RECHARGES" from the menu.

3. Choose loan repayment: Select "LOAN REPAYMENT."

4. Select Mahindra Finance home loan: Pick "Mahindra Finance home loan" from the lender list.

5. Enter loan details: Provide your loan account number and click "FETCH YOUR BILL."

6. Select payment option: Choose UPI, net banking, or debit card.

7. Confirm and pay: Verify the details and click "PAY NOW."

8. Receive confirmation: A payment confirmation will be sent via SMS or email.

How to use the Bajaj Finserv App for Mahindra Finance home loan EMI payment

1. Download the Bajaj Finserv app from the Play Store or App Store.

2. Log in and navigate to the "BILLS AND RECHARGES" section.

3. Select "LOAN REPAYMENT" and choose "Mahindra Finance home loan."

4. Enter your loan account number and fetch your bill.

5. Select a payment method, verify details, and click "PAY NOW."

6. Receive instant confirmation on your registered mobile or email.

Payment via internet banking and debit card

Internet banking:

Log in to your bank’s net banking portal.

Navigate to "Loan Payment" and select Mahindra Finance home loan.

Provide loan details and complete the payment.

Debit card:

Visit the Mahindra Finance website or app.

Choose "Debit Card Payment" and proceed with repayment.

Both methods ensure secure and real-time transaction processing.

Benefits of downloading Mahindra Finance home loan payment receipts online
Immediate access: Download receipts right after making a payment.

Organised record: Maintain a systematic payment history.

Eco-friendly: Opt for digital receipts to save paper.

Convenience: Access receipts anytime, anywhere.

To download, log in to your Mahindra Finance account and visit the "Transaction History" section.

Late payment penalties and policies
Failing to pay EMIs on time can result in:

Late fees: Additional charges for delayed payments.

Penalty interest: Higher interest on the overdue amount.

Credit score impact: Reduced creditworthiness affecting future loans.

For assistance, contact Mahindra Finance immediately if delays are unavoidable.

Contact Mahindra Finance home loan support
For any queries regarding home loan repayments, contact Mahindra Finance customer support:

Customer care number: 1800 233 1234

Email support: service.mmfsl@mahindra.com

The support team is available to help with repayment concerns.

Fees and charges
Depending on the transaction amount and payment mode, a convenience fee of up to 2% (inclusive of applicable taxes) will be charged. For more information on fees and charges, click here.

Note: For failed transactions, the total amount, including charges except taxes, is reversed.

Conclusion
Mahindra Finance ensures seamless repayment options for home loans through auto-debit, online payments, and Bajaj Finserv platforms. Timely repayment not only avoids penalties but also ensures a strong credit history.

Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.

Bajaj Finserv App for All Your Financial Needs and Goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

Apply for loans online, such as Instant Personal Loan, Home Loan, Business loan, Gold Loan, and more.

Explore and apply for co-branded credit cards online.

Invest in fixed deposits and mutual funds on the app.

Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.

Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.

Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.

Shop from over 100+ brand partners that offer a diverse range of products and services.

Use specialised tools like EMI calculators, SIP Calculators

Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

Frequently asked questions

Yes, partial prepayments are allowed. Contact Mahindra Finance to know about the applicable charges.

Missing an EMI attracts late fees, penalty interest, and may impact your credit score.

Visit the "Transaction History" section of your Mahindra Finance account to download receipts.

Failed payments are refunded automatically. Ensure sufficient funds and retry the transaction.

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