Electric Vehicle Loan
Electric vehicles (EVs) are transforming the way India drives, cleaner, greener, and future-forward. As the push for sustainability grows stronger, more Indians are making the shift to EVs. But let’s face it, owning one can be a big financial step. That’s where an electric vehicle loan becomes your game-changer, helping you drive home your dream EV without straining your savings. We’re diving into everything you need to know, from the benefits and eligibility to the easy application process, and why EV loans are quickly becoming the smart choice for eco-conscious Indian buyers. Ready to power up your journey? Let’s go!
Paperless
15 minute disbursal
No collateral
Personal Loan Amount Limit
You are eligible for Loan AmountFeatures & Benefits of a Electric Vehicle Loan
Low EMI’s
Enjoy lower EMIs with interest charged on the reducing balance method. As opposed to a Flat rate of interest, reducing balance ensures the EMI amount remains low.
Quick Disbursal
Enjoy the convenience of fast processing and quick approval, with funds directly credited to your bank account.
Flexible Loan Amount and Tenure
Choose a loan amount and repayment tenure that best fit your needs and financial capabilities.
Personal Loan Assistant
Please write to your loan assistant at makeiteasy@finnable.com for any support. We aim to provide you with a seamless and hassle-free experience.
Why Choose Finnable for Your Electric Vehicle Loan?
- Instant Loan Approval and Disbursal
Our advanced loan processing system allows for instant approval decisions. Once your application is verified, the funds are disbursed directly into your bank account, often within a few hours.
- No Collateral Required
Finnable offers unsecured personal loans, meaning you don’t have to risk your assets. There is no need to pledge property, gold, or any other collateral to secure your Electric Vehicle Loan.
- Competitive and Transparent Interest Rate
Our interest rates start from 16% per annum. We ensure full transparency with no hidden charges or fees, so you know exactly what you're paying from the start.
- Minimal Documentation
We have simplified the loan process to require only essential documents. Submit your identity proof, address proof, and income details to complete your application.
- Flexible Payment Options
Choose a repayment tenure that suits your financial situation, with options ranging up to 36 months. Our flexible plans ensure that repaying your loan is as easy as receiving it.
Who Can Apply for a Electric Vehicle Loan
Finnable aims to make personal loans accessible to a wide range of individuals. To be eligible, applicants must meet the following criteria:
- Must be an Indian citizen aged between 21 and 55 years
- Should be a salaried employe with a minimum net monthly income of ₹15,000
- Must have a stable employment history with at least 6 months of work experience in the current organization
- Should have a valid bank account for loan disbursal and EMI payments
- A good credit history enhances loan approval chances
Finnable also offers personal loans to homemakers with a co-applicant who meets the above criteria.
How to Apply for a Electric Vehicle Loan with Finnable
Getting a Electric Vehicle Loan through Finnable is straightforward and efficient. Here’s how it works:
Setup Profile
Sign up with your name, email, and mobile number. Verify your mobile number with an OTP and fill in your address and job details.
Choose Your Loan
Pick the loan amount you need, select the product, and choose a repayment period that suits you.
Upload Documents
Upload your ID proof, income proof, and address proof. Make sure the documents are clear, then submit them for verification.
