 3 (2)-1758084631816.avif)
EV Three-Wheeler Loan
EV Three-Wheeler Loan
Switch to sustainable and cost-effective mobility with Laxmi India Finance Ltd.’s (LIFC) EV Three-Wheeler Loan. Whether you are an individual looking to start an eco-friendly transport business or a fleet owner expanding operations, our loan provides affordable financing with flexible repayment options. Reduce operational costs and contribute to a greener future by purchasing an electric auto-rickshaw or cargo e-rickshaw with our easy loan process.
Features & Benefits
High Loan Amount:
Get up to 90% of the EV’s on-road price.
Flexible Tenure:
Repayment periods ranging from 6 to 48 months.
Low Interest Rates:
Attractive rates with easy EMI options.
Fast Processing & Disbursal:
Quick approvals to ensure a hassle-free purchase.
Minimal Documentation:
Simplified paperwork for faster loan approval.
Subsidies & Government Benefits:
Avail of state and central EV incentives.
No Additional Collateral Required:
The financed three-wheeler itself serves as security.
Eco-Friendly & Cost-Effective:
Save fuel costs with electric vehicle efficiency.
Loan for Both Passenger & Cargo EVs:
Available for e-rickshaws, loaders, and electric autos.
Eligibility
To avail of our EV Three-Wheeler Loan, you must meet the following criteria:
Age
- Salaried individuals: 21 – 60 years (at loan maturity).
- Self-employed individuals: 21 – 65 years (at loan maturity).
Employment Type
- Salaried professionals working in transport or related industries.
- Self-employed individuals, fleet operators, small business owners, and delivery service providers.
Minimum Work/Business Experience
- Salaried: At least 1 year of employment.
- Self-employed: At least 2 years of business continuity.
Credit Score
- Minimum CIBIL score of 650+ preferred.
Income Criteria
- Should have a stable income source for loan repayment.
Documents Required
Identity Proof
Aadhaar Card / PAN Card / Voter ID / Passport
Address Proof
Aadhaar Card / Utility Bill / Rent Agreement
Income Proof
Latest 3 months' salary slips & bank statements
Employment Proof
Offer letter or employment certificate
EV Quotation or Invoice
(for new purchase)
Photographs:
2 passport-size photos
Vehicle Loan Calculator
Use our Vehicle Loan Calculator to estimate your monthly installments based on:
Total Amount Payable:
₹15,85,809
Total Interest Payable:
₹5,85,809
EV Three-Wheeler Loan FAQ?
Frequently Asked Questions
Individuals, self-employed transporters, fleet operators, and delivery business owners can apply.
Customer Support:
Email: