Mahindra and Mahindra Financial Services Limited is one of Indias leading non-banking finance companies. They provide finance for the widest range of utility vehicles, tractors and cars, focusing on the rural and semi-urban sector. With an extensive network, they provide loans to over 10, 00,000 customers belonging to the low income group. Not only that, they provide employment to over 6200 people who belong to the areas in which M&M have services, ensuring that the employees truly understand their customers. This non-banking finance company is hailed to be the foundation of poverty reduction and rural development in many parts of India. This surely makes Mahindra Finance a non-banking finance company that anyone can vouch for.

In their endeavour to build the lives of Indians, they offer many kinds of loans and one of them is personal loans. With minimal documentation and superior flexibility, personal loan becomes a viable option to meet your personal needs. Mahindra Finance offers attractive interest rates between 9.5% – 18.50% based on customer profile and scheme opted. To get the personal loan, the person should be an existing customer, an M&M Group company employee or a corporate customer. If he/she is an existing customer, the person should have a good track record. And if he/she is a Mahindra employee, he /she should be a permanent employee who has serviced a minimum term of 2 years. People with excellent credit and a strong repayment history can obtain lower interest rates.

While personal loans do meet your expenditures, one should also have sizeable savings for the rainy day. One of the many methods of saving money is fixed deposit. It is particularly popular in India as it is considered to be a safe investment option because fixed deposit of reputed banks and financial institutions is regulated by the Reserve Bank of India. Another advantage of fixed deposit is that it provides a regular income, thanks to fixed interest rates for the entire tenure. Investing in fixed deposit is also beneficial because they are eligible for tax deductions under section 80C of income tax act. So, be wise. Spend with care and save with intelligence!