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
For interest rate details, please click here.
Top Benefits of our Electric Three-Wheeler Loan
Higher loan amount
Flexible repayment tenure up to 48 months
Quick approval and disbursal
Minimum Requirements
KYC documents
One passport size photograph
Driving licence
Fees & Charges
Effective from 1st April 2024 below the Schedule of charges
| Interest Rate | 20% p.a. onwards |
| Processing Fee | 2% of the loan amount plus GST |
| Documentation Charges | ₹500 plus GST |
| CERSAI Charges | ₹50 plus GST |
| Stamp Charges | At actuals |
| Credit Life Insurance | As applicable |
| EMI Bounce Charges | ₹500 plus GST |
| Late Payment Charges | 2.5% of EMI overdue amount + GST |
| Pre-closure Charges | 2% of the outstanding principal amount plus GST |
| Loan Cancellation Charges | Nil (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 Charges | At Actuals |
| Other Charges | At Actuals Interest certificate – ₹ 50 Loan Account Statement – ₹ 50 Duplicate NOC – ₹ 500 Amortization schedule – ₹ 100 |
Eligibility Criteria
*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.
