The Electric Two-Wheeler Loan is offered by Revfin as a closed-ended credit product. With this loan, a fixed amount is borrowed and repaid in equal monthly instalments over the loan term.
Drive your income with our Electric Two-Wheeler Loan
Interest and applicable fees are charged on the loan amount. This loan is exclusively available through approved dealerships and is provided to individuals or fleet owners purchasing an electric two-wheeler for commercial use only.
Loan Details
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Loan Amount
Rs 1,50,000 or 75% of the total on-road vehicle price, with a minimum loan amount of Rs 30,000.
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Loan Tenure
Borrowers can choose a loan tenure ranging from 6 months to 60 months to meet their financial needs.
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Interest Rate
Up to 30% (annualised reducing rate) or 17% (flat interest rate) is available.
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