So, How does Electric Bike Loan work?

Getting your own cost effective and environment friendly electric bike just got easier! Ebikes bring multiple benefits such as Low maintenance, Zero emission, Zero petrol consumption and Easy & Convenient Charging Options. Our Electric bike loans are pre-approved loans that help you fund your ebike purchase without any hassle. We give up to 80% value of the vehicle’s on-road price at affordable repayment tenures. Ride home your Favorite ebike today!

Why take Electric Bike Loan from LoanTap?

Our Electric Bike loans help you choose from a range of affordable, eco-friendly and stylish e-bikes without the worry of funds. Ride home your favorite ebike by visiting the electric bike dealer and presenting the sanction letter provided by LoanTap. Avail LoanTap’s Electric Scooter loan and enjoy pocket friendly repayment options for tenures as long as 36 months!

Instant approval & disbursal

Instant approval & disbursal

Easy online process for loan sanction and fast disbursal within 24-36 hours
Flexible Repayment Option

Flexible Repayment Option

Flexibility to switch to accelerated repayment option after 6 months of disbursal
Higher Loan Amount

Higher Loan Amount

Option to choose from amount ranging from INR 50,000 to INR 10,00,000 basis your requirement
Longer Loan Tenure

Longer Loan Tenure

Flexibility to choose longer loan tenure from 6 months to 60 months making EMIs more affordable
Minimum documents

Minimum documents

We collect only what is basic minimum documents for all our custom personal loan products
Transparent Process

Transparent Process

No hidden charges, No pre-payment charges and secured processes
Basic Eligibility Criteria for availing Electric Bike Loan with LoanTap
  • Individuals with a minimum monthly income of INR 10,000
  • Indian citizens/residents who are 21 years and above
Basic Documents required for availing Electric Bike Loan with LoanTap
  • PAN Card
  • Salary Slips (Last 3 months)
  • Salary Account Bank Statement  (3/6 months)
  • Address Proof

Personal Loan Product Suite

No matter what your requirement, use LoanTap’s Special Purpose Loan loan to fulfill all your needs.

House Owner Loan

Rental Deposit Loan

Holiday Loan

Wedding Loan

Medical Loan

Credit Card
Takeover Loan

Two wheeler loan

Premium Bike Loan

Electric
Two wheeler loan

Personal Loan

EMI Free Loan

Personal Overdraft

Advance Salary

Flexible Repayment options

Final installment options for a loan will be decided based on your profile and inputs.

Term Loan

Repayment done via Fixed Equated Monthly Installments, where EMI=Principal + Interest.

Each Installment reduces both interest and Principal amount.

Ideal when: You know the precise Loan Amount needed and your income is consistent.

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Your Personal Loan, Your Way!

Avail our personal loans through your preferred platform and enjoy unmatched convenience at your fingertips…

Apply Using
Website
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Our App
iOS
Apply Using
WhatsApp

Frequently Asked Questions

LoanTap offers up to 80% of on road vehicle price. Final loan amount decision is done on the basis of your eligibility and credit checks.

PAN,
Address proof,
3 months’ pay slips,
6 month’s salary account bank statement,
e-NACH mandate form.

However, we might request for a few other documents if need arises during credit checks.

Yes, the vehicle purchased needs to be hypothecated to partner NBFC.

There is no exclusive list of dealers. You may apply for almost any bike belonging to any dealership-in locations where LoanTap is operating.

Electric Scooter Loan is available in cities where LoanTap is operational. Currently we are providing our loans in Bangalore, Hyderabad, Chennai, Coimbatore, Mumbai, Pune, Ahmedabad, Vadodara, Raipur, Bhopal, Indore, Jaipur, Delhi-NCR, Ajmer, Lucknow, Mysore, Visakhapatnam, Kolkata, Howrah, Bhubaneshwar, Patna, Nagpur, Nashik, Rajkot, Surat and Chandigarh locations.

Processing fee for this loan is 2%+applicable taxes; on the gross loan amount sanctioned.

Yes, you can make higher payments towards your loan. No charges for higher payments or foreclosure are applicable post 6 months. Within 6 months you can make part payments or foreclosure-with minimal charges applicable.

In this loan, interest amount needs to be paid every month and in every 6 months a bullet amount needs to be paid towards the outstanding principal amount. Interest amount is revised post bullet payment of principal amount.

Yes, you can make higher payments towards your loan. No charges for higher payments or foreclosure are applicable post 6 months. Within 6 months you can make part payments or foreclosure-with minimal charges applicable.

Yes, you can prepay the loan facility post 6 months of disbursement. No foreclosure charges are applicable post 6 months of loan completion, however within 6 months you can prepay your loan with minimal charges.