Electrify your journey with our hassle-free
e-vehicle loan

With instant approval and quick processing, our e-vehicle loan ensures a seamless and efficient transition to electric mobility

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e vehicle loan

Features and Benefits

Embrace the future of transportation with our e-vehicle loan, offering competitive rates, eco-friendly benefits, and a smoother, greener ride towards a sustainable tomorrow

Low-Interest Rates

Low-Interest Rates

We come up with competitive interest rates, allowing you to save money on your finances

100% financing

Up to 100% financing

Our up to 100% financing options ensure that you can leave no compromise behind when it comes to choosing your dream two-wheeler

Quick approvals and disbursals

Quick approvals and disbursals

We often provide quick loan approval and disbursal, ensuring you can get your two-wheeler without unnecessary delays

Reduced Costs

Reduced Costs

We lower the operating costs compared to traditional vehicles, leading to long-term savings on fuel and maintenance

Flexible Loan Terms

Flexible Loan Terms

We often provide flexible repayment terms, allowing borrowers to tailor the loan to their financial capabilities

Long-Term Savings

Long-Term Savings

E-vehicles tend to have longer lifespans and lower maintenance cost, resulting in potential cost savings over the life of the vehicle

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:

Identification & Address Proof

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

Passport-Size Photos

Recent photographs of the loan applicant

Income Proof

To assess the applicant’s repayment capacity, income proof is required. It can include salary slips, bank statements, income tax returns (ITR), or a letter from the employer

Employment Proof

If the applicant is salaried, they may need to provide an employment certificate from their employer. If self-employed, relevant business documents like business registration, GST certificate, etc., may be required

Bank Statements

The last 3 to 6 months of bank statements are required to evaluate the applicant’s financial stability

Frequently Asked Questions

Questions From Customers

faq-image
Age: You should be between 21 to 58 years old. Minimum income: Your annual income should be at least ₹1.44 lakhs.
  • Statement of bank account for last 6 months.
  • 2 passport size photos.
  • Proof of Identity.
  • Address Proof.
Yes, you can apply loan for used or new electric vehicles.
Several factors can influence the interest rate for an e-vehicle loan.
  • Credit Score
  • Long Term
  • Down Payment
  • Vehicle Price and Value
  • Economic Conditions
Each state has its own set of criteria for subsidy in electric vehicles.
Instant processing of electric vehicle loans, and for approval it will takes 2-3 Days.
Maximum period of repayment is two to three years.
Some may have a prepayment penalty — a fee for paying off a loan early or making extra payments.
If you don't pay your loan, your Vehicle will eventually be repossessed.
Modern refinancing technology can offer you loan terms that are tailored to you and your EV.
1.5 Lakh is maximum amount for e-vehicle loans.
When you lease, your monthly payments are generally lower than when you buy an EV with a loan.
Whether you can use an e-vehicle loan to purchase an electric bike or scooter depends on the policies of the lender and the specific terms of the loan.
A higher credit score (E-Vehicle loan with a 650 credit score and above) makes lenders more inclined to approve your loan application.
In many cases, yes, you can use an e-vehicle loan to cover the cost of electric vehicle (EV) accessories or upgrades. However, it's essential to clarify this with your lender before taking out the loan, as policies may vary depending on the institution.
Here are some advantages of obtaining an e-vehicle loan from a credit union compared to a bank: Advantages of Obtaining an E-Vehicle Loan from a Credit Union:
  • Potentially Lower Interest Rates
  • Member-Focused Service
  • Flexible Lending Criteria
Advantages of Obtaining an E-Vehicle Loan from a Bank:
  • Convenience and Accessibility
  • Range of Financial Products
  • Brand Recognition and Stability
  • Promotional Offers and Incentives
The specific insurance requirements for vehicles purchased with an e-vehicle loan can vary depending on the lender's policies and your location.
Whether you can transfer your e-vehicle loan to someone else when you sell the electric vehicle depends on the policies of your lender and the agreement you have with them.
The minimum down payment required for e-vehicle loans can vary depending on several factors, including the lender's policies, your creditworthiness, the cost of the vehicle, and any incentives or promotions available at the time of purchase.
Generally, there are no geographical limitations on where you can use an electric vehicle (EV) purchased with a loan. You can typically drive your EV wherever you'd like, just like any other vehicle.
Finding the best e-vehicle loan rates and terms for your situation involves some research and comparison shopping.

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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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