EV 3-Wheeler auto Loan

Home >> Services >> EV 3-Wheeler auto Loan

EV 3-Wheeler auto Loan

For individuals to buy an electric three-wheeler to drive for commercial purpose.

Loan up to Rs. 2.25 Lakh for individuals to purchase a 3-wheeler electric auto for business. With this loan, you borrow a fixed sum from us and repay it in equal weekly or monthly installments over the loan tenure of upto 36 months.

ELIGIBILITY CRITERIA

Nationality: Indian
Age: 21 to 40 years
Minimum Monthly Income – Rs. 15,000

DOCUMENTS REQUIRED

Identity proof: PAN card/ Aadhar card/ Commercial driving license.
Address proof: Utility bill, rent agreement, sale deed.
You must have a minimum of 2 years of residence at the same address.
Three security cheques.
2 Passport size photographs.
Bank statement of last 6 months.
Vehicle Registration Certificate, Vehicle Insurance.
Compulsory Third-Party Guarantee
IOT/tracking devices in vehicles through our approved vendor.

APPLICATION PROCESS

Check your eligibility.

check your eligibility for EV 3-wheeler Auto Loan with just a few details.

Upload documents.

complete your application by uploading a few documents.

Get a loan offer.

we will evaluate & propose a fair loan offer to you.

Sign Your Loan Agreement & Get the Disbursement in Minutes

You will get the funds in your account after verification.

APPLICABLE FEES AND CHARGES:

Type of fees	Applicable Charges
Rate in Interest	24 % Flat Interest Rate
Processing Fees	Up to 5% of the loan amount (Inclusive applicable taxes)
EMI Bounce Charges	Rs. 500 per bounce will be levied
Penal Charges	Delay in payment of installment (s) shall attract the Penal Charges of Rs 20, per day per installment from the respective due date until the date of receipt of full installment(s) amount.
Document Processing Charges	2500 (Inclusive applicable taxes)
Prepayment Charges	NIL
Stamp duty	Payable as per respective state and deducted upfront from the loan amount, if applicable.
Duplicate NDC/NOC charge	Rs. 500

FREQUENTLY ASKED QUESTIONS

What is the maximum finance amount of an EV 3- wheeler loan available?

The maximum finance amount is 2.25 Lakh.

Do you finance the vehicles alone or the accessories as well

We do not fund any accessories unless it is a standard fitting.

What is the interest rate for EV 3-wheeler loans?

The interest rates are determined by the location of the customer, the tenure of the loan, and the customer profile.

For what period is the EV 3- wheeler loan available?

The loan is available for 3 to 36 months.

How much time does loan sanctioning take?

Normally, the approval is given in two working days after all the required documents are submitted.

Do you need any collateral security?

No, collateral security is not required.