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India's #1 EV Green Loan

Drive Electric.
Pay 35% Less
Every Month.

Get an EV-specific loan with the lowest EMIs in India. Government-backed green incentives, zero processing fee, and approval in under 30 minutes.

7.5%
Starting interest rate p.a.
100%
On-road financing available
₹0
Processing fee for EVs
Apply for EV Loan EMI Calculator
No credit score impact for checking eligibility

Apply for EV Green Loan

3-minute application · 30-min approval · Zero fee

Step 1 of 3 — Vehicle & Loan
Vehicle Type *
🚗eCar
🛵eScooter
🏍️eBike
🛺eAuto
🚌eBus
🚛eTruck
Required
₹50K ₹12,00,000 ₹50L
₹22,450
Estimated Monthly EMI
@ 8.5% p.a.
Interest rate
₹9,60,000
Net loan amount
Step 2 of 3 — Personal Details
Full name required
Must be 18+
Valid 10-digit mobile required
Enter the OTP sent to your mobile
Valid email required
Required
Required
City required
State required
Step 3 of 3 — Documents & Submit
Valid PAN required (e.g. ABCDE1234F)
Valid 12-digit Aadhaar required
You must accept to proceed

Application Submitted! 🎉

Your EV loan enquiry has been received. Our loan advisor will call you within 30 minutes during business hours.

Ref: EVLOAN-2026-00000

Check your email and SMS for confirmation.
Average approval time: 30 minutes.

Try Full EMI Calculator
Why EV Green Loan?

Lowest EMIs. Green Benefits.

EV loans come with government-backed incentives that petrol/diesel car loans simply don't get.

Lowest Interest Rates

EV loans start at 7.5% p.a. — up to 2% lower than conventional auto loans. Government green incentives bring your cost down further.

Zero Processing Fee

Most banks waive EV loan processing fees completely. Save ₹3,000–₹12,000 in upfront charges compared to ICE vehicle loans.

100% On-Road Finance

Finance the full on-road price including insurance, registration, and accessories. Zero down payment options available.

30-Minute Approval

Digital verification, e-KYC, and instant credit check mean you get in-principle approval in 30 minutes — even on weekends.

Section 80EEB Tax Benefit

Individual borrowers can claim up to ₹1.5 lakh interest deduction under Section 80EEB — exclusive to EV loans.

15+ Bank Partners

We compare rates from SBI, HDFC, ICICI, Axis, Kotak, Bajaj Finserv and 10+ more NBFCs to find your best offer.

Flexible Repayment

Tenure from 12 to 84 months. Step-up EMI plans for early career borrowers. No prepayment penalty after 12 months.

FAME II Subsidy Integration

Our loan officers calculate and integrate your FAME II and state subsidy upfront, reducing the loan amount you need.

How It Works

From Application to Keys in Hand

Our 4-step process is designed to be the fastest EV loan journey in India.

3 minutes
Fill Application

Basic details, vehicle info, and income. No documents needed at this stage.

30 minutes
Advisor Call

Our EV loan specialist calls you to confirm details and share the best bank offers.

Same day
e-KYC & Docs

Aadhaar-based e-KYC, PAN verify, and income docs via WhatsApp or email. No branch visit.

1–3 days
Disbursement

Loan disbursed directly to the dealer. Drive home your EV within 1–3 working days.

Our Lending Partners

15+ Banks & NBFCs

We compare across India's top lenders to find you the best EV loan rate.

🏦
SBI
From 7.5%
🏦
HDFC Bank
From 7.9%
🏦
ICICI Bank
From 8.1%
🏦
Axis Bank
From 8.5%
🏦
Kotak Bank
From 8.3%
🏦
Bank of Baroda
From 7.7%
🏦
Bajaj Finserv
From 9.0%
🏦
Punjab National
From 7.8%
🏦
Union Bank
From 7.9%
🏦
Canara Bank
From 7.85%
🏦
IndusInd Bank
From 8.75%
🏦
Muthoot Finance
From 9.5%

*Interest rates are indicative and subject to change. Final rate depends on credit profile and lender policies.

Quick EMI Preview

How Much Will Your Monthly EMI Be?

Adjust the sliders to instantly preview your monthly EMI. EV loans typically cost 35% less per month than equivalent ICE vehicle loans.

Apply Now — Free Full Calculator
Loan Amount ₹12,00,000
₹50K₹50L
Tenure 48 months
12mo84mo
Interest Rate 8.5% p.a.
7.5%15%
₹22,450
Monthly EMI
₹2,77,600
Total Interest
₹14,77,600
Total Amount
₹95,000
vs ICE savings
Eligibility

Who Can Apply?

EV loans are available for individuals, self-employed, business owners, and commercial operators.

Eligibility Criteria

Age 21–65 years (up to 70 for self-employed)
Income — Salaried Min. ₹20,000/month net. Min. 6 months employment.
Income — Self Employed Min. ₹2.4L annual. Business operational 2+ years.
Credit Score CIBIL 650+ preferred. Low-score options via select NBFCs.
Residence Indian resident/citizen. Valid address proof required.

Documents Required

Aadhaar Card
PAN Card
Salary Slips (3 months)
Bank Statements (6 months)
Address Proof
Passport Photo
ITR (Self-Employed)
Dealer Proforma Invoice
Digital Document Submission

All documents can be submitted digitally via WhatsApp or email. Aadhaar-based e-KYC eliminates the need for physical submission in most cases.

FAQs

Frequently Asked Questions

What makes an EV loan cheaper than a regular car loan?
EV loans benefit from government-backed green finance incentives. Banks offer lower interest rates (often 1.5–2% lower), zero processing fees, and extended tenures because the RBI and government have encouraged EV financing as part of the national EV policy. Additionally, Section 80EEB gives individual borrowers up to ₹1.5 lakh annual tax deduction on EV loan interest.
Can I get a loan for a used/second-hand EV?
Yes! Several of our lending partners offer used EV loans. The loan amount is typically 70–85% of the vehicle's assessed value. The EV must be less than 5 years old and pass our inspection. Battery health report is required. Interest rates for used EVs start at 9.5% p.a.
How long does the approval process take?
For salaried applicants with a CIBIL score above 700, in-principle approval typically takes 30 minutes to 2 hours. Final loan sanction with all documents verified takes 1 working day. Disbursement to the dealer happens within 24–48 hours of final sanction.
Is there a prepayment penalty?
For most lenders in our network, there is no foreclosure or prepayment penalty after 12 EMIs. Before 12 months, a nominal charge of 1–2% on outstanding principal may apply depending on the lender.
Can I include the cost of a home charger in my EV loan?
Yes! Several banks allow you to include the cost of a home AC charger (up to ₹50,000) in the vehicle loan itself, spreading that cost over the loan tenure. This must be an OEM-approved charger.
What if my CIBIL score is below 650?
Don't worry — we work with select NBFCs that have EV-specific low-credit-score programs. Applicants with scores between 550–650 can still qualify with a higher down payment, a co-applicant, or collateral.
Do I need to visit a bank branch?
In most cases, no physical branch visit is required. The entire process — from application to approval — can be completed online and via WhatsApp. Aadhaar e-KYC handles identity verification digitally.
Does applying affect my credit score?
Checking your eligibility on eVehicle is a soft enquiry and does NOT affect your CIBIL score. Only when you give explicit consent for a formal loan application does a hard enquiry occur.
Limited Period Offer

Zero Processing Fee Until March 31, 2026

Apply now and save up to ₹12,000 in processing charges. Our EV loan advisors are available 7 days a week, 9 AM – 7 PM.

Apply for EV Loan — Free Talk to Advisor

No credit score impact · 100% free · 30-minute approval