Go green, go far, with our hassle-free
E-Rickshaw Loan

Discover a seamless way to grow your business and protect the environment simultaneously, with our hassle-free Electric Rickshaw Loan

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e rickshaw loan in india

Features and Benefits

Green Revolution on Wheels – Pave the Path to Eco-Friendly Income

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Quick and Easy Approval

E-Rickshaw loans offer a simple application and approval process. Minimal documentation & fast verification lead to timely approval

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E-Rickshaw Business Boost

E-Rickshaw drivers & entrepreneurs by enabling new purchases, leading to higher earnings & improved livelihoods

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Lower Operating Costs

E-Rickshaws offer low costs compared to petrol/diesel vehicles. With this loans, borrowers can save on fuel expenses

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Environment Friendly

Zero emissions, reduce pollution. E-Rickshaw loans support green transport. Go eco-friendly

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Ease of Maintenance

With a well-maintained vehicle, borrowers can enhance the longevity of the E-Rickshaw and reduce maintenance expenses

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Business Independence

E-Rickshaw ownership offers higher income potential. Drivers are not tied to employers, gaining freedom in business operations

EMI Calculator










Loan Amount:
Interest:
Your monthly EMI is

a quick and transparent process

We have a simple online
application

Check Eligibility

Check Eligibility

Check eligibility criteria before applying for a loan to ensure approval possibilities.

Calculate Your EMI

Calculate Your EMI

Estimate your monthly EMI effortlessly with our user-friendly loan calculator.

Check Required Documents

Check Required Documents

Ensure which necessary documents are required for loan application.

Fill Application Form

Fill Application Form

Accurately provide all required information in the loan application form for prompt processing.

Eligibility and Documents

Essential documents that need to be provided to complete the process successfully are listed below:

Application form

You will need to fill out an application form providing your personal and financial information

Identification & address proof

Any government-issued identification document such as Aadhaar card, PAN card, passport, voter ID card, or driving license

Income Proof

Bank statements, salary slips, or income tax returns to demonstrate your ability to repay the loan

Bank statements

We will require your bank statements to assess your financial health and transaction history

Passport-sized Photographs

Recent passport-sized photographs of the loan applicant

Vehicle documents

Information about the e-rickshaw you intend to purchase, including the vehicle’s registration details, insurance papers, and any relevant permits required for operating the e-rickshaw

Credit history

Your credit report and credit score will be checked by the us to evaluate your creditworthiness

Frequently Asked Questions

Questions From Customers

rickshaw loan
Anyone with min. Age of 18years and max. 60 years can apply for e-rickshaw loan.
  • KYC ( Adhar card, Pan card original and xerox copies)
  • Residential proof ( electricity bill, water bill, gas copy)
  • Valid driving license
Maximum loan amount is 1.20 lac.
ROI will be 16% to 20%.
Tenure will be upto 24 months depending upon the model of the e-rickshaw.
  • Age should be more than 18 years.
  • Borrower should have valid license to operate the vehicle.
  • The borrower should have been granted a permit by an appropriate authority to ply vehicle for passengers or goods transportation.
  • Customer can apply by visiting nearest branch.
  • Customer can apply by visiting nearest dealer point.
  • Customer can apply online by just following few steps:
    • Fill in your contact details.
    • Get a call back.
    • Document verification and approval.
It takes 2-3 days for whole process.
Yes , you can always compare offers from multiple lenders to find the best rate and save money.
Yes, downpayment is required . 30% to 35% of the value of vehicle.
Tenure is upto 24 months.
EMI dates are fixed 1st , 5th and 11th you can not change emi date after disbursement.
It takes 2-3 days for whole process.
  • Preferred cibil Above 650 or -1.
  • Customer should have owned house proof.
  • Customer should not be in debt.
  • Customer should have good repayment habit.
You can not get loan if u have low credit score but we can consider in some cases with genuine reasons after the approval of senior authority.
Yes, we provide loan suraksha and hospi care ( 2 persons) for 1 year.
Yes, it can be used for used e-rickshaw loan.
Yes, customer can prepay the e-rickshaw loan.
Customer can repay through:
  • digital transfer
  • bank transfer
  • E- nach
Bouncing charges are applicable if u miss an E- rickshaw loan repayment.
Yes , e- rickshaw loan can be restructured as per customer’s convenience after setteling the running loan with approval of senior authorities.

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Our goal at PHF Leasing Limited is to provide access to vehicle loans, home loan, and loan against property at insight competitive interest rates. We are here to help you in fulfilling your dreams.

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