Electric Bike Loan: Apply for Electric Two Wheeler Loan

Looking to purchase an electric bike or scooter? With our Electric Bike Loan, you can purchase the electric bike you need. We offer competitive interest rates starting at just 7.99%* per annum, with flexible repayment options up to 60 months. Our electric Two Wheeler Loan ensures quick approval within 24 hours and hassle-free disbursal.

Features & Benefits
EMI Calculator
Documentation
Eligibility
Fees & Charges
Frequently Asked Questions

Competitive Interest Rates

Low interest Electric Bike Loan options starting at 7.99%* per annum.

Flexible Tenure Options

Repayment tenure ranging up to 5 years.

High Loan-to-Value Ratio

Finance up to 100% of your electric bike or scooter's on-road price.

Quick Approval and Disbursal

Get quick approval and disbursal of your Electric Bike Loan.

Minimal Documentation

A hassle-free application process.

No Hidden Charges

Enjoy transparent processing with clear fees.

Convenient Online Application

Apply for your Electric Bike Loan online from home through our user-friendly platform.

Electric Bike Two Wheeler Loan EMI Calculator

Avail Electric Bike Two Wheeler Loan at Attractive Interest Rates

Preferred loan amount

₹

₹50,000

₹20,00,000

Interest rate (per annum)

7.99%

15%

Loan tenure (months)

12 months

60 months

Estimated EMI

per month

₹ 36,690
Interest payable
₹52,41, 690

Apply Now

Eligibility & Documents

Eligibility Criteria Required for Electric Two Wheeler Loan

Residency:

Indian resident

Age requirement:

21 years to 65 years

Profession:

Salaried or self-employed individuals

Documents

Photo ID Proof

Address Proof

Utility bills (not older than 2 months) | Aadhaar Card | Driving License | Passport | Voter ID etc

Income Proof

Bank statement (Optional. Based on loan requirement)

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FAQs & Support

View all

Do I need to hypothecate the vehicle in case of an Electric Scooter Loan?

Yes, in most cases, the electric scooter or bike purchased with the loan is hypothecated as collateral. The hypothecation is removed once the loan is fully repaid.

What is the difference between a secured and unsecured EV Bike Loan?

A secured EV Bike Loan requires you to provide collateral, typically the vehicle. An unsecured Electric Bike Loan does not require collateral, but it may come with higher interest rates due to the increased risk.

Are electric bike Two Wheeler Loans available for students?

Electric bike Two Wheeler Loans are available for individuals above 21 years of age and with a stable income.

How can I find the best electric bike Two Wheeler Loan rates?

To find the best electric bike Two Wheeler Loan rates, compare offers from multiple lenders, considering the interest rate, processing fees, prepayment charges, and other terms. An Electric Bike Loan calculator can also help you estimate EMIs and choose the most affordable option.

What documents are required to apply for an electric bike Two Wheeler Loan?

The documents required for electric bike Two Wheeler Loans include Pan card, Adhaar Card, Current address proof, Bank statement (Optional. Based on loan requirement).

Can I apply for an electric bike Two Wheeler Loan online?

Yes, you can apply for an electric bike or Two Wheeler Loan online through our website. The online application process is simple and typically involves:

Filling out an application form.
Uploading necessary documents.
Completing an online verification process.

Who is eligible for an electric bike Two Wheeler Loan?

Eligibility for an electric bike Two Wheeler Loan generally requires the applicant to be between 21 and 65, have a stable income and possess a good credit score.

Are there any government incentives for electric bike Two Wheeler Loans?

Some government schemes offer incentives for purchasing electric vehicles, such as subsidies or tax benefits. However, these incentives vary by region and are subject to government policies.

What maximum loan value can I get for an Electric Bike Loan?

The maximum loan value for an EV Bike Loan covers up to 100% of the bike’s on-road price.

What is the repayment tenure for an electric bike Two Wheeler Loan?

The repayment tenure for an electric bike Two Wheeler Loan ranges for up to 5 years.

Explore all FAQs

Two wheeler Loan

I am very much satisfied with the loan scheme of L&T finance. They have approved the loan within a very short time and the Yamaha MT bike was one of my dream bikes and I got the bike with support and help of L&T finance and a bit of down payment.

Dhanashwam Taye

Bengaluru, Karnataka

Two Wheeler Loan

Thanks to L&T Finance, the process of buying my dream Bullet was swift and hassle-free. My family is elated, and we couldn’t be happier. Managing my EMI payments & checking the statement of account through the PLANET app is incredibly easy. I’m truly grateful to L&T Finance for making this dream a reality!

Dinesh Patil

Bhiwandi, Maharashtra

Two Wheeler Loan

It was my dream to own a super bike, L&T Finance made that dream come true. From a digital paperless journey to quickly disbursing the loan amount, L&T Finance has been a hassle free experience for me. Transparent and trustworthy.

Moiz Manasawala

Mumbai

Two Wheeler Loan

I got a Loan from L&T Finance. It was a very smooth and easy loan process. I just brought my KYC documents and got the loan within five minutes, and the rate of interest is very low. I am really very pleased with L&T Finance.

Pramal Kumar

Bihar

Two Wheeler Loan

My experience with L&T Finance for Suzuki Access 125 was very smooth. The loan was approved within a very short time, with limited paperwork and constant support of their staff throughout, made it seamless. Me and my family is thrilled to add a new member in the house. Thanks to L&T Finance.

Rajaram Ghadigaonkar

Mumbai