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Ujjivan SFB Electric Three-Wheeler Loan

Bring home future-ready electric three-wheeler of your choice with Ujjivan SFB Electric Three-Wheeler Loan. Get financing up to 85% of the on-road price of the vehicle and enjoy flexible repayment tenure up to 48 months.

Features of our Electric Three-Wheeler Loan

  • Financing up to 85% of the on-road price
  • Competitive interest rates
  • Minimal documentation
  • Hassle-free process
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For interest rate details, please click here.

Top Benefits of our Electric Three-Wheeler Loan

Minimum Requirements

KYC documents

One passport size photograph

Driving licence

Fees & Charges

Effective from 1st April 2024 below the Schedule of charges

Interest Rate20% p.a. onwards
Processing Fee2% of the loan amount plus GST
Documentation Charges₹500 plus GST
CERSAI Charges₹50 plus GST
Stamp ChargesAt actuals
Credit Life InsuranceAs applicable
EMI Bounce Charges₹500 plus GST
Late Payment Charges2.5% of EMI overdue amount + GST
Pre-closure Charges2% of the outstanding principal amount plus GST
Loan Cancellation ChargesNil (However client would be charged interest for the interim period between date of loan disbursement to loan cancellation and Processing fee, Documentation charges & Stamp duty will be charged)
Legal Processing & Incidental ChargesAt Actuals
Other ChargesAt Actuals
Interest certificate – ₹ 50
Loan Account Statement – ₹ 50
Duplicate NOC – ₹ 500
Amortization schedule – ₹ 100

 

Eligibility Criteria

  • Age: 21 years - 60 Years
  • Employment status: Salaried or Self-employed
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*This offer is currently available only in Bangalore. Click here to view the branches offering this facility.

Frequently Asked Questions

1. What is Ujjivan SFB Electric Three-Wheeler Loan?

It’s a financing facility specifically designed for electric three-wheeler purchase.

2. Who can apply for Electric Three-Wheeler Loan?

Any individual aged between 21 years and 63 years possessing a valid driver’s licence can apply for this loan. You need to provide KYC documents, one passport size photograph and driving license at the time of application.

3. What is the maximum financing amount?

You can get up to 85% financing on the on-road price of the vehicle capped at ₹3.3 lakh. The minimum loan amount is ₹50,000.

4. What is the repayment tenure of electric three-wheeler loan?

The repayment tenure ranges from 12 months to 48 months.

5. Are there any additional charges for electric three-wheeler loan?

Yes, there’s an upfront processing fee of 2% + GST, documentation charges of ₹950 + GST, CERSAI charges of ₹50, and others. Please check our fees and charges section for better clarity.

Please note that in Case of Loan Cancellation, there won't be any refund of loan processing fee.

*Terms and Conditions Apply.

Enjoy affordable Vehicle Loans with flexible repayment tenure!

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