Electric Vehicle Loans
Loans for Owner cum drivers and Small business for Electric Three Wheeler (Passenger and Cargo)
Empower your journey towards sustainability with our Green Drive Loan. Finance up to 90% of your EV’s on-road price with minimal paperwork and flexible repayment options. Enjoy low EMIs, no prepayment penalties, and quick disbursement, making it easier to embrace eco-friendly transportation.
Key Features
Loan Amount
Up to 90% of Vehicle On-road Price
Low EMI
Competitive Interest rate / Low EMI
No Prepayment Penalty
Repay your loan early without any additional charges
Minimal Paperwork
Simple documentation process
Quick Disbursement
Fast and efficient loan disbursal
Multiple Repayment Options
Repayment can be monthly, weekly, fortnightly and daily
Installment Calculator
Loan Amount
Enter the desired loan amount
Type of Interest Rate
Choose between Reducing ROI and Flat ROI
Tenure Type
Select the repayment period – Daily, Weekly, or Monthly
Loan Tenure
Enter loan repayment duration.
Repayment Amount
Calculate your equated instalment
Applicable Charges
Processing Fee/Origination Charges
2% of the loan amount
Prepayment charges
Nil
Charges on Late payment of EMI
₹10 per day after a grace period of 5 days
Per EMI Bounce Charge
₹200 per bounce
Legal/Incidental Charges
1% on loan amount
Loan Cancellation Charges
Nil
Mandatory IoT/Tracking Device
For every financed vehicle, it’s mandatory to install an IoT/Tracking device through our approved vendor
Note: Charges are subject to change as per policy