Electric Bike loan
Looking for EMI options to fund your Electric Bike purchase?
Go Green with LoanTap’s Electric Bike loan and ride home the electric bike of your choice today!
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So, How does Electric Bike Loan work?
Why take Electric Bike Loan from LoanTap?
Our Electric Bike loans help you choose from a range of affordable, eco-friendly and stylish e-bikes without the worry of funds. Ride home your favorite ebike by visiting the electric bike dealer and presenting the sanction letter provided by LoanTap. Avail LoanTap’s Electric Scooter loan and enjoy pocket friendly repayment options for tenures as long as 36 months!
Instant approval & disbursal
Flexible Repayment Option
Higher Loan Amount
Longer Loan Tenure
Minimum documents
Transparent Process
Basic Eligibility Criteria for availing Electric Bike Loan with LoanTap
- Individuals with a minimum monthly income of INR 10,000
- Indian citizens/residents who are 21 years and above
Basic Documents required for availing Electric Bike Loan with LoanTap
- PAN Card
- Salary Slips (Last 3 months)
- Salary Account Bank Statement (3/6 months)
- Address Proof
Personal Loan Product Suite
No matter what your requirement, use LoanTap’s Special Purpose Loan loan to fulfill all your needs.
Flexible Repayment options
Final installment options for a loan will be decided based on your profile and inputs.
Term Loan
Your Personal Loan, Your Way!
Avail our personal loans through your preferred platform and enjoy unmatched convenience at your fingertips…
Frequently Asked Questions
LoanTap offers up to 80% of on road vehicle price. Final loan amount decision is done on the basis of your eligibility and credit checks.
PAN, Address proof, 3 months’ pay slips, 6 month’s salary account bank statement, e-NACH mandate form. However, we might request for a few other documents if need arises during credit checks.
Yes, the vehicle purchased needs to be hypothecated to partner NBFC.
There is no exclusive list of dealers. You may apply for almost any bike belonging to any dealership-in locations where LoanTap is operating.
Electric Scooter Loan is available in cities where LoanTap is operational. Currently we are providing our loans in Bangalore, Hyderabad, Chennai, Coimbatore, Mumbai, Pune, Ahmedabad, Vadodara, Raipur, Bhopal, Indore, Jaipur, Delhi-NCR, Ajmer, Lucknow, Mysore, Visakhapatnam, Kolkata, Howrah, Bhubaneshwar, Patna, Nagpur, Nashik, Rajkot, Surat and Chandigarh locations.
Processing fee for this loan is 2%+applicable taxes; on the gross loan amount sanctioned.
Yes, you can make higher payments towards your loan. No charges for higher payments or foreclosure are applicable post 6 months. Within 6 months you can make part payments or foreclosure-with minimal charges applicable.
In this loan, interest amount needs to be paid every month and in every 6 months a bullet amount needs to be paid towards the outstanding principal amount. Interest amount is revised post bullet payment of principal amount.
Yes, you can make higher payments towards your loan. No charges for higher payments or foreclosure are applicable post 6 months. Within 6 months you can make part payments or foreclosure-with minimal charges applicable.
Yes, you can prepay the loan facility post 6 months of disbursement. No foreclosure charges are applicable post 6 months of loan completion, however within 6 months you can prepay your loan with minimal charges.
