So, How does Electric Bike Loan work?
Getting your own cost effective and environment friendly electric bike just got easier! Ebikes bring multiple benefits such as Low maintenance, Zero emission, Zero petrol consumption and Easy & Convenient Charging Options. Our Electric bike loans are pre-approved loans that help you fund your ebike purchase without any hassle. We give up to 80% value of the vehicle’s on-road price at affordable repayment tenures. Ride home your Favorite ebike today!
Why take Electric Bike Loan from LoanTap?
Instant approval & disbursal
Easy online process for loan sanction and fast disbursal within 24-36 hours
Flexible Repayment Option
Flexibility to switch to accelerated repayment option after 6 months of disbursal
Higher Loan Amount
Option to choose from amount ranging from INR 20,000 to INR 2,00,000 basis your requirement
Longer Loan Tenure
Flexibility to choose longer loan tenure from 6 months to 36 months making EMIs more affordable
We collect only what is basic minimum documents for all our custom personal loan products
No hidden charges, No pre-payment charges and secured processes
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
Flexible Repayment options
Repayment done via Fixed Equated Monthly Installments, where EMI=Principal + Interest. Each Installment reduces both interest and Principal amount. Ideal when: You know the precise Loan Amount needed and your income is consistent.