E-Rickshaw
An e-rickshaw loan is a specialized financial product designed to help individuals purchase electric rickshaws, also known as e-rickshaws. E-rickshaws have become a popular and eco-friendly mode of transportation in urban and semi-urban areas, offering a cost-effective solution for last-mile connectivity. These loans enable potential buyers to acquire an e-rickshaw without bearing the entire upfront cost, making the transition to sustainable transportation more accessible. With flexible repayment options, competitive interest rates, and tailored loan terms, e-rickshaw loans are an attractive choice for drivers looking to start or expand their transport business while promoting green mobility.
Features & benefits
- Upto 75% of Ex-Showroom Price Financed
- Competitive Interest Rates
- Flexible Repayment Tenure
- Loan for New and Used Vehicles
- Low Down Payment Options
- Insurance Coverage
- Easy Eligibility Criteria
Eligibility
We have diverse eligibility criteria for our commercial vehicle loans. This includes your age, income, nature of your business/employment, and more.
Nationality
Indian
Customer Profile
Driver, Farmer, Individual
Loan Tenure
12 to 18 Months
Residence Stability
Should have an own house
EMI Calculator
Monthly E-Rickshaw EMI
Interest Rate & Charges
Our interest rates are competitive and reasonable for customers. They depend on various factors:
- Easy and flexible criteria for eligibility
- Principal, tenure, and other factors influence the rate
- Get a good interest rate which is pocket-friendly
- Industry-standard rates with best service and assistance
FAQs
- CIBIL Score: 650+ and NTC
- Loan up to 50,000/- to 1,20,000/-
- Loan Tenure 12 to 18 Months
- Easy Monthly Installment
- Same day Disbursement after documentation
16% to 18% per annum
| Processing Charges | 3.0% + GST (18% on Processing Fees) |
| Documentation Charges | NIL |
| Maximum Repayment Tenure | 18 Months |
KYC Documents (AADHAR, PAN)
Driving License
Residence Ownership Proof
E-Rickshaw Loader
An E-Rickshaw Loader is a type of electric vehicle designed specifically for transporting goods and cargo over short distances. It offers an eco-friendly, cost-effective, and efficient solution for small businesses, vendors, and logistics operations, especially in urban and semi-urban areas. E-Rickshaw Loaders are powered by rechargeable batteries, reducing fuel costs and minimizing environmental impact. With their ability to navigate narrow lanes and congested roads, these vehicles have become an ideal choice for last-mile delivery services. They help in reducing air pollution, operating costs, and provide a reliable alternative to traditional fuel-powered loaders, contributing to the growth of green mobility.
Features & benefits
- Upto 75% of Ex-Showroom Price Financed
- Competitive Interest Rates
- Flexible Repayment Tenure
- Loan for New and Used Vehicles
- Low Down Payment Options
- Insurance Coverage
- Easy Eligibility Criteria
Eligibility
We have diverse eligibility criteria for our commercial vehicle loans. This includes your age, income, nature of your business/employment, and more.
Nationality
Indian
Customer Profile
Driver, Farmer, Individual
Loan Tenure
12 to 18 Months
Residence Stability
Should have an own house
EMI Calculator
Monthly E-Rickshaw Loader EMI
Interest Rate & Charges
Our interest rates are competitive and reasonable for customers. They depend on various factors:
- Easy and flexible criteria for eligibility
- Principal, tenure, and other factors influence the rate
- Get a good interest rate which is pocket-friendly
- Industry-standard rates with best service and assistance
FAQ
- CIBIL Score: 650+ and NTC
- Loan up to 50,000/- to 1,20,000/-
- Loan Tenure 12 to 18 Months
- Easy Monthly Installment
- Same day Disbursement after documentation
16% to 18% per annum
| Processing Charges | 3.0% + GST (18% on Processing Fees) |
| Documentation Charges | NIL |
| Maximum Repayment Tenure | 18 Months |
KYC Documents (AADHAR, PAN)
Driving License
Residence Ownership Proof