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Benefits of using E-rickshaw finance
- Reduced Upfront Cost
- Flexible Repayment Options
- Income Generation
- Job Creation
- Reduced Emissions
- Sustainable Transportation
How do I qualify for E-rickshaw loan?
- Easy and Hassle-Free loans
- Credit score
- Income
- Business plan (if applicable)
What documents do I need to apply for the E-rickshaw loan?
- Proof of identity (e.g., Aadhar card / Pan card)
- Proof of address (e.g., electricity bill)
- Income documents (e.g., salary slips, bank statements)
- Business plan (if applicable)
Benefits to take loans from Non-bank Financial Companies like AMU
- Non-traditional credit profiles and easy accessibility to funds
- Customized loan options with easier eligibility criteria
- Easy documentation
- Quick loan approvals
Why you prefer AMU as your first priority in NBFCs?
- Competitive interest rates
- Flexible repayment terms
- Fast and hassle-free application processes
- Personalized customer service
Tax Benefits
In some regions, there are tax benefits or deductions available for purchasing electric vehicles are billed at 5% GST compared to 18% for ICE.
Interest Rates
Interest rates can vary depending on the lender, your creditworthiness, and the loan term. However, they are generally competitive compared to other loan options.
Approval Time
Banks and NBFC offer quick and easy application processes, with approval decisions often received within 24 to 48 hours
Repayment Terms
Repayment terms are made easy ranging from 6 months to 36 months.
Second Hand Vehicle Loans
Can I e-rickshaw loan on second hand vehicle?
Operation and Maintenance Cost
There is a lower operating of Rs 1 only for EV and 40% lower maintenance costs compared to traditional fuel-powered vehicles, leading to savings over time.
Energy Efficiency
Yes, these are more energy-efficient, which can result in lower electricity costs for charging compared to fuel expenses.
Mobility Improvement
Yes, they provide an affordable and accessible transportation option for short-distance travel, improving mobility for urban and semi-urban populations. It now scaling in tier 3 cities as well
Traffic Congestion Reduction
Yes, to a very large extent help reduce traffic congestion in crowded cities by offering a compact and nimble transportation solution.
Social Impact
Yes, it helps in reducing carbon footprints, reducing air pollution, noise levels and contribute to better public health outcomes