Green Energy Finance

Electric Vehicle Loans Made Easy

Electric Three Wheeler Loan

Our Electric Three Wheeler Loan is a closed ended credit product. With this loan, you borrow a fixed sum of money from us and repay it back in equal monthly installments over the term of the loan. We charge interest on the amount lent and apply fees/charges. This loan is only available through our approved dealerships.

Product Purpose

For individuals to buy an electric three wheeler to drive for commercial purpose. The three wheeler is intended to become the primary source of income generation for the loan customer.

Product Details

Loan Amount

Maximum Rs. 4,50,000 or up to 90% of Vehicle On-road Price. Minimum loan amount Rs. 40,000

Loan Term

6 – 39 Months 

Interest Rate

Up to 29% (Annualised Reducing Rate) OR 14% Flat Interest Rate

Mandatory Requirements

Vehicle Documents

Vehicle Registration Certificate. Vehicle Insurance

Other Documents

IOT/tracking devices in vehicle through our approved vendors

Eligibility Criteria

Customer Age

Greater than 21 years and lesser than 60 years at the time of loan application

Minimum Monthly Income

₹12,000

Documents Required

PAN, Proof of ID/Residence, Three months bank statements and 6 Cheques

Applicable Charges

Processing fee/origination charges

Upto 5%

Foreclosure charges

Nil

Additional interest on late EMI

30%

Per EMI bounce charge

250

Legal/incidental charges

At Actual

Loan cancellation charges

Nil

Electric Two Wheeler Loan

Our Electric Two Wheeler Loan is a closed ended credit product. With this loan, you borrow a fixed sum of money from us and repay it back in equal monthly installments over the term of the loan. We charge interest on the amount lent and apply fees/charges. This loan is only available through our approved dealerships.

Product Purpose

For individuals to buy an electric two wheeler to drive for commercial or personal use. Where the two wheeler is used for commercial purpose, it is intended to become the primary source of income generation for the loan customer.

Product Details

Loan Amount

Maximum Rs. 1,50,000 or up to 75% of Vehicle On-road Price. Minimum Loan amount Rs. 30,000

Loan Term

6 – 36 Months 

Interest Rate

Up to 29% (Annualised Reducing Rate) OR 14% Flat Interest Rate

Mandatory Requirements

Vehicle Documents

Vehicle Registration Certificate. Vehicle Insurance

Other Documents

IOT/tracking devices in vehicle through our approved vendors

Eligibility Criteria

Customer Age

Greater than 21 years and lesser than 60 years at the time of loan application

Minimum Monthly Income

₹12,000

Documents Required

PAN, Proof of ID/Residence, Three months bank statements and 6 Cheques

Applicable Charges

Processing fee/origination charges

Upto 10%

Foreclosure charges

Nil

Additional interest on late EMI

30%

Per EMI bounce charge

250

Legal/incidental charges

At Actual

Loan cancellation charges

Nil

Baiju Loan

Our Baiju Loan is an unsecured credit limit that you can use at any time per your need. In this, you can draw down any amount in denominations of Rs.1,000 up to your credit limit. This product is only offered to our existing customers.

Product Purpose

This loan serves as an emergency credit line for our qualifying existing customers. It may be used for any emergency and charges are only applicable upon usage.

Product Details

Loan Amount

Maximum upto ₹30,000

Loan Term

Revolving (3 – 36 Months)

Interest Rate

₹1 per day per ₹1,000 borrowed

Mandatory Requirements

Vehicle Documents

Other Documents

Eligibility Criteria

Customer Age

Greater than 21 years and lesser than 60 years at the time of loan application

Minimum Monthly Income

₹15,000

Documents Required

PAN, Proof of ID/Residence, Three months bank statements and 6 Cheques

Applicable Charges

Processing fee/origination charges

Nil

Foreclosure charges

Nil

Additional interest on late EMI

₹1 per day per ₹1,000 Outstanding

Per EMI bounce charge

250

Legal/incidental charges

At Actual

Loan cancellation charges

Nil

EV Ancillary Loan

Our Electric Vehicle (EV) Ancillary Loan is a closed ended credit product. This loan is taken to finance Ancillaries like batteries, conversion kits etc. With this loan, you borrow a fixed sum of money from us and repay it back in equal monthly installments over the term of the loan. We charge interest on the amount lent and apply fees/charges. This loan is only available through our approved dealerships.

Product Purpose

For individuals to finance electric vehicle Ancillaries like batteries, conversion kits etc.

Product Details

Loan Amount

Maximum ₹1,50,000. Minimum Loan Amount ₹10,000

Loan Term

6 – 36 Months 

Interest Rate

Up to 36% (Annualised Reducing Rate) OR 22% Flat Interest Rate

Mandatory Requirements

Vehicle Documents

Vehicle Registration Certificate, Vehicle Insurance

Other Documents

Eligibility Criteria

Customer Age

Greater than 21 years and lesser than 60 years at the time of loan application

Minimum Monthly Income

₹12,000

Documents Required

PAN, Proof of ID/Residence, Three months bank statements and 6 Cheques

Applicable Charges

Processing fee/origination charges

Upto 10%

Foreclosure charges

Nil

Additional interest on late EMI

30%

Per EMI bounce charge

250

Legal/incidental charges

At Actual

Loan cancellation charges

Nil

More than 4 years of experience

At Baiju Finance we persevere to fulfill your financial requirements in your times of need. Whether it be a personal loan, finances to get a used car or money you need for your business/startup. We help you get funds at the most competitive interest rates and in the shortest amount of time out of any NBFC lender in our financial industry

Leave all the complicated stuff to us. Upload your documents and get verified with our all-online platform.

 

Loans

We specialize in a wide array of loans ranging from small personal loans, to sizeable business loan

Customer Oriented

Our team of financial professionals not only helps you with the details for application but also answers any technical doubts for your peace of mind

Experience

With more than 4 years of experience in the industry, when you opt for baijufinance, you can rest assured that you’re opting for the best

Insurance

Baijufinance does not only help you acquire loans but also provides a platform to acquire insurance from our lending partners

Straightforward

With one of the easiest application processes in the NBFC sector, Baijufinance promises to provide a smooth experience in your times of need

The old Fashioned way

We don’t only provide our online platform, but also the service to meet and talk to our financial experts, so you can resolve any and all doubts before opting for our financial service.

Have more questions? Schedule an appointment or call us now!