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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.
Features
• Increases the Purchasing power of the borrower with Easy Finance available
• Buyer can pay in easy installments upto 24 months
• Finance available for both registered and non-registered two-wheeler vehicles
• Ease on the process and fast approval
Benefits
• Quick Approval
• Upto 80% of Invoice value
• 100% Digital Process
• Minimal documentation
Documents required to avail Electric Vehicle Loan
Processing fees : 2% to 5% + Applicable Taxes of the loan amount
Bouncing Charges : Rs.295 per bounce (Including GST)
Penal Charges : 0.067% per day (24.46% per annum)
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Monedo is the trade name of Monedo Financial Services Private Limited
