Electric Vehicle Finance

Electric Vehicle Finance

Electric vehicles, or e-vehicles, are becoming an increasingly popular alternative to traditional gasoline-powered vehicles. They use electricity as their primary source of power, and produce little to no emissions, making them an environmentally-friendly option for transportation. Currently, the Indian electric vehicle financing market is valued at USD 2.15 billion, and it is expected to reach USD 4.37 billion, registering a CAGR of above 15% over the next five years.


Financing the future of mobility, this product aims to enable every Indian to be able to buy not just the transport of their choice, but the most eco-friendly transport as well. We at Monedo aim to grow with India and one of the key features of this growth is sustainability. We provide customers with access to flexible financing options that helps them purchase the electric vehicle of their choice without a burden on their bank account. Our customers can visit any of our partner stores and select the vehicle of their choice and avail the best financing option through Monedo. We do provide finance for registered and non-registered two-wheeler vehicles.

Loan Amount

Upto Rs. 2 Lakhs

Loan Tenure

Upto 24 Months

Interest Rate

1.5% - 3% per month

(18% - 36% per annum)

Processing Fees

3% to 5% one-time + Applicable taxes