Quick and Easy Approval
E-Rickshaw loans offer a simple application and approval process. Minimal documentation & fast verification lead to timely approval
Go green, go far, with hassle-free E-Rickshaw Loan
Discover a seamless way to grow your business and protect the environment simultaneously, with our hassle-free Electric Rickshaw Loan.
Features and Benefits
Green Revolution on Wheels – Pave the Path to Eco-Friendly Income
E-Rickshaw Business Boost
E-Rickshaw drivers & entrepreneurs by enabling new purchases, leading to higher earnings & improved livelihoods
Lower Operating Costs
E-Rickshaws offer low costs compared to petrol/diesel vehicles. With this loans, borrowers can save on fuel expenses
Environment Friendly
Zero emissions, reduce pollution. E-Rickshaw loans support green transport. Go eco-friendly
Ease of Maintenance
With a well-maintained vehicle, borrowers can enhance the longevity of the E-Rickshaw and reduce maintenance expenses
Business Independence
E-Rickshaw ownership offers higher income potential. Drivers are not tied to employers, gaining freedom in business operations
Calculate Your EMI
Plan your finances better with our easy-to-use EMI calculator.
Instant Calculation
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Clear Breakdown
Principal vs Interest
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EMI Calculator
₹
₹1 Lakh₹1 Crore
%
8%26%
Years
1 Year30 Years
Your Monthly EMI
Principal Amount₹1,00,000
Total Interest₹1,98,444.99
Total Payable₹2,98,444.99
Tenure20 Years (240 months)
a quick and transparent process
We have a simple online application
Check Eligibility
Check eligibility criteria before applying for a loan to ensure approval possibilities.
Calculate Your EMI
Estimate your monthly EMI effortlessly with our user-friendly loan calculator.
Check Required Documents
Ensure which necessary documents are required for loan application.
Fill Application Form
Accurately provide all required information in the loan application form for prompt processing.
Eligibility and Documents
Essential documents that need to be provided to complete the process successfully are listed below:
Application form
You will need to fill out an application form providing your personal and financial information.
Identification & address proof
Any government-issued identification document such as Aadhaar card, PAN card, passport, voter ID card, or driving license.
Income Proof
Bank statements, salary slips, or income tax returns to demonstrate your ability to repay the loan.
Bank statements
We will require your bank statements to assess your financial health and transaction history.
Passport-sized Photographs
Recent passport-sized photographs of the loan applicant.
Vehicle documents
Information about the e-rickshaw you intend to purchase, including the vehicle’s registration details, insurance papers, and any relevant permits required for operating the e-rickshaw.
Credit Score & History
We may check your credit score and credit history, which can be obtained from credit bureaus in India.
Frequently Asked Questions
Questions From Customers
Who can apply for an E-rickshaw loan?
Anyone with min. Age of 18years and max. 60 years can apply for e-rickshaw loan.
What are the documents required for an E-rickshaw loan application?
- KYC ( Adhar card, Pan card original and xerox copies)
- Residential proof ( electricity bill, water bill, gas copy)
- Valid driving license
What is the maximum loan amount I can get for an E-rickshaw?
Maximum loan amount is 1.20 lac.
What are the interest rates for E-rickshaw loans?
ROI will be 16% to 20%.
What is the repayment tenure for E-rickshaw loans?
Tenure will be upto 24 months depending upon the model of the e-rickshaw.
What are the eligibility criteria for applying for an E-rickshaw loan?
- Age should be more than 18 years.
- Borrower should have valid license to operate the vehicle.
- The borrower should have been granted a permit by an appropriate authority to ply vehicle for passengers or goods transportation.
How do I apply for an E-rickshaw loan?
- Customer can apply by visiting nearest branch.
- Customer can apply by visiting nearest dealer point.
- Customer can apply online by just following few steps: Fill in your contact details, Get a call back ,Document verification and approval.
How long does it take to get approved for an E-rickshaw loan?
It takes 2-3 days for whole process.
Can I compare loan offers from different lenders before finalizing one?
Yes , you can always compare offers from multiple lenders to find the best rate and save money.
Are there any down payment requirements for E-rickshaw loans?
Yes, downpayment is required . 30% to 35% of the value of vehicle.
What is the tenure of an e-rickshaw loan?
Tenure is upto 24 months.
Can I change my EMI date?
EMI dates are fixed 1st , 5th and 11th you can not change emi date after disbursement.
How long does it take to process an e-rickshaw loan application?
It takes 2-3 days for whole process.
What factors do lenders consider during the approval process?
- Preferred cibil Above 650 or -1.
- Customer should have owned house proof.
- Customer should not be in debt.
- Customer should have good repayment habit.
Can I get an e-rickshaw loan if I have a low credit score?
You can not get loan if u have low credit score but we can consider in some cases with genuine reasons after the approval of senior authority.
Do E-rickshaw loans come with any additional benefits?
Yes, we provide loan suraksha and hospi care ( 2 persons) for 1 year.
Can I use an E-rickshaw loan for a used E-rickshaw?
Yes, it can be used for used e-rickshaw loan.
Can I prepay the E-rickshaw loan?
Yes, customer can prepay the e-rickshaw loan.
What are the different repayment options available for E-rickshaw loans?
- Digital Transfer
- Bank Transfer
- E-nach
What happens if I miss an E-rickshaw loan repayment?
Bouncing charges are applicable if u miss an E- rickshaw loan repayment.
Can I restructure my E-rickshaw loan if I face financial difficulties?
Yes , e- rickshaw loan can be restructured as per customer’s convenience after setteling the running loan with approval of senior authorities.