Bindaas / Loans / EV & two-wheeler
EV & two-wheeler

New wheels, old-school sensible.

Up to 95% of the on-road price funded, 9.9% to 18% p.a., tenures to 36 months.

The petrol math

The honest version, using our representative EV loan of ₹1,20,000 over 24 months.

A petrol two-wheeler

Fuel, every monthabout ₹4,500
Over 36 monthsabout ₹1,62,000
And after thatyou keep paying for fuel, forever

An EV on a Bindaas loan

EMI for 24 months₹5,532
Charging, every monthabout ₹500
After month 24no EMI, about ₹500 a month to run

A little more in the first two years, far less after that, and you own the vehicle. Fuel and charging figures are illustrative and vary by city and usage.


What is covered

Electric scooters, motorcycles and e-bikes, from any dealer. We fund up to 95% of the on-road price, which includes registration and insurance, so your down payment stays small. Petrol two-wheelers are welcome too; the rate band is the same.


The complete cost

Every charge, in one place

Interest rate9.9% to 18% p.a., reducing balance
Processing fee1% to 2% + GST
Prepayment / foreclosure₹0, anytime after the first EMI
Late payment₹450 + GST per missed EMI, on the overdue amount only
Anything elseNothing. This is the complete list.

Representative example

Loan amount₹1,20,000
Tenure24 months
Interest rate9.9% p.a. reducing
Processing fee1%
Monthly EMI₹5,532
Total interest₹12,768

Who can apply

EligibilityAge 21 to 58 Income ₹15,000+ per month Salaried or self-employed PAN + Aadhaar-linked mobile

About FAME and state subsidies

Any FAME or state EV subsidy goes to you through the dealer, as a reduction in the on-road price. We fund the net price you actually pay. We never take your subsidy.

FAQ

Questions people ask

As little as 5% of the on-road price, since we can fund up to 95%. A larger down payment lowers your EMI, but it is your call.

No. You can buy from any dealer. We disburse against the on-road invoice for the vehicle you choose.

The vehicle is registered with the lender as the financier until the loan is repaid. Once you close the loan, hypothecation is removed and the vehicle is fully yours.

Yes, valid insurance is required and is part of the on-road price we fund. It protects both you and the vehicle during the loan.

Ready when you are.

Check your offer in 2 minutes. No CIBIL impact.

Check my offer
download
bindaas.