E – Rickshaw Loan Policy
E-Rickshaw loan enables you to buy a new 3-wheeler of your choice on low-interest rates,quick and hassle free processing. Low EMIs are designed to enable a e-rickshaw owner to repay his/her loan easily. The tenure for EMIs ranges from 6 months to 3 years – we also offer the option of pre-closure of the loan by paying the entire amount with minimal charges.
E -Rickshaw Loan Interest Rates: –
-ROI 12% onwards
-Tenure- upto 12 to 18
Age – 18 to 60 years
Residence Proof- -Applicant should be residing in same house for at least one year
Permanent Contact number- -Applicant should have permanent contact number
- First Disbursent of UP,UK , HAryana,Jammu
E- Rickshaw vertical commenced from 2021 april onwards with spam of 2 years exponentially expanded to different states like rajasthan,haryana,up,uk,jammu ,UT of Chandigarh. over 2000 units are being disbursenrt to over 10000 + statisfied Clients across operational geographical locations. Company is expecting to reach 20,000 units annually by the end of FY 2023-24 which well take the list of highest and fastest financing cofentry funding E- Rickshaw vertical.
Why should you take a E-Rickshaw Loan?
We finance E- Rickshaw in semi-urban and rural areas which are generally underbanked and have limited finance facilities. We strive to get maximum business from these areas since the customer here is generally self-employed and uses these Four wheelers for some productive use.
Furthermore, there is a minimum eligibility requirement to get a two-wheeler loan. You will have to convince your lender that you have a stable income and a good credit score to secure a loan. A higher credit score can also get you a lower interest rate.
Why should you choose Amrit Malwa Capital E-Rickshaw loan?
Here are some of the top benefits of choosing AMRIT MALWA Finance E-Rickshaw loan:
You can get up to 90 % of the bike’s value as a loan, making it easier to own a bike if you cannot afford to make the initial down payment.
The two-wheeler loan interest rates start from as low as 23%*. You can choose an interest rate based on your needs. However, you must have a higher repayment capacity.
You can choose to repay your loan amount with interest within 3 to 36 months*.
There is minimal documentation required. You will have to submit your KYC documents (Aadhar card is mandatory).
The process of applying for a two-wheeler loan is easy and convenient.
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Features of Amrit Malwa capital limited E-Rickshaw Finance.
AMCL is among the early movers in the E-rickshaw finance industry Including (L3 and L-5) verticals contributing to the India’s revolution towards sustainable development.
- Investors corner- Onboarding of dealers and OEMs