Products Offered
LAP Loan
E-Bike Loan
E- Rickshaw Loan
Two Wheeler Loan
E – Bike Loan Policy
A E- Bike loan enables you to buy a bike of your choice on low-interest rates with monthly EMIs without hurting your budget. EMIs or Equated Monthly Installments are designed to repay the E-bike loan at affordable prices. The tenure for EMIs ranges from 6 months to 18 months – we also offer the option of pre-closure of the loan by paying the entire amount with some pre-termination charges.
| Parameter | E-Bike Loan |
| Effective Date | 01.01.2026 |
| Loan Amount (Max LTV) | All States – up to 80% (±1% system rounding variance) |
| Loan Tenure | All states: 3–36 months |
| ROI (Flat Balance, p.a.) | 14% onwards |
| Processing Fees | ₹0 – ₹2,000 |
| Loan Suraksha (Protection) | ₹0 – ₹1,700 |
| Stamp Charges | ₹0 – ₹300 |
| Event | Charges |
| Late EMI | 3% monthly on outstanding |
| Recovery Visit | ₹100 per visit |
| EMI Bounce | ₹600 |
| Rehit Failure | ₹50 |
| Foreclosure | 5% of principal |
| Repo Charges | ₹1,062 |
| Legal / Third-party Recovery Expenses | As incurred |
Q1. What is the interest rate on an E-Bike loan?
The interest rate for an E-Bike loan ranges from 14% onwards per annum on a flat rate basis, based on dealer location, your credit score, down payment amount and mode of payment.
Q2. How much financing can I get on an E-Bike?
AMCL finances up to 80% of the E-Bike’s value across all states. The remaining amount is payable as down payment. The loan tenure ranges from 3 to 36 months.
Q3. Is a guarantor required for an E-Bike loan?
Yes, a guarantor is required in all states.
Q4. What are the charges on an E-Bike loan, and is my vehicle hypothecated?
Applicable charges: Processing Fees ₹0 – ₹2,000, Loan Suraksha ₹0 – ₹1,700, and Stamp Charges ₹0 – ₹300, depending on your profile and location.
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Empowering Your Goals.
"Know why Amrit Malwa has easy online loans for electric bikes",
Across the world, people are experiencing the harmful effects of global warming and pollution. Reducing the use of petrol and diesel vehicles and replacing them with electric alternatives is one of the steps taken to conserve the environment. With increasing awareness, electric bike sales have seen a rise in the last couple of years. In addition, an individual can also own an electric bike on installment