EV VEHICLE FINANCE (UP TO 1.20 LAKH)
This is a handy reference document for Eco- Green product Finance offered by Subhlakshmi.
It aims to provide Electric Rickshaw product and further provide the detailed loan and documentation process related to the same, and to assist or solve queries related to the product. Also, to help them achieve their livelihood and/or cost saving goals.
Features and Benefits
Max up to 85 % of on road prices subject to minimum customer deposit/ down payment or Maximum loan amount per model type of product for each location to be pre-approved by Subhlakshmi (Maximum of Rs.1,20,000 for lead Acid OR Lithium Acid [inclusive of Telematics and second year insurance premium]) whichever is minimum.
Loan Tenure: 18 Months (Minimum) -21Months (Maximum)
Age: Min. -21 Year / Max- 58 Year
New Borrowers from Market and Dealer
Subhlakshmi Ex-Borrower (With Good Repayment Track Only)
No overdue/DPD as on date in Current or previous loan
Fees and Charges
Processing Fees – 3100 + GST
Vehicle Insurance Charges- As per Dealer
Bounce Charges – Rs 600 per month (inclusive of taxes)
Late Payment Charges-Rs 200 Per Emi
Foreclosure Charges – As applicable.