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Mahindra Finance partnered with India Post Payments Bank to Boost Credit Access

Mahindra and Mahindra Financial Services Ltd announced a strategic partnership with India Post Payments Bank to enhance credit access to a larger customer base. India Post Payments Bank will provide lead referral services to Mahindra Finance for Passenger vehicles, three-wheelers, tractors, and commercial vehicle loan categories and provide cash EMI deposit facilities to existing Mahindra Finance Customers at the post office.

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Key Points related to the Partnership of Mahindra and Mahindra Financial Services Ltd

  • The scheme will go live in India Post Payments Bank branches in the states of Maharashtra and Madhya Pradesh.
  • The payments Bank will also be able to expand its financial product portfolio within the payment Bank licensing framework.
  • The objective is to enable simplified and reliable access to credit.
  • The Tie-up will enable customers with financial security, empowerment, and ease of repayment.
  • India Post Payments will provide a large set of networks to Mahindra Finance.

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