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ICICI Bank ICICI Bank

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Key features of Digital Two-Wheeler Loan:

  • Up to 100% of On-road Funding

  • End-to-end Digital Process

  • Paperless Journey

 

 

 

 

How to Use the EMI Calculator

  1. Loan Amount: Enter the loan amount you wish to borrow for your electric bike purchase. This should include the cost of the electric bike itself along with any additional expenses such as the cost of insurance or accessories.

  2. Loan Tenure: Choose the loan tenure that suits your financial situation. The tenure represents the number of months required to repay the loan.

  3. Interest Rate: Input the applicable interest rate for your Electric Bike Loan. ICICI Bank offers competitive interest rates to ensure affordability.

The calculator will carry out the calculations side by side and give you varying figures as you adjust the inputs. This way, you can find the ideal EMI plan for repaying the loan comfortably.

 

For instance:

Principle Amount= 5,00,000

Rate of Interest= 10.25%*

Tenure= 3 years (36 months)

Loan EMI= Rs. 16,192

Note: The Rate of interest is subject to change.

Electric Bike Loan FAQ

Is there any loan available for purchasing electric bikes?

Yes, ICICI Bank offers Electric Two-Wheeler Loans for the purchase of electric two-wheelers. These loans are designed to promote eco-friendly transportation solutions and financially assist individuals looking to invest in sustainable mobility options.

Why should I apply for an Electric Bike Loan from ICICI Bank?

Applying for an Electric Bike Loan ICICI Bank gives you access to a tailored financing solution for purchasing an eco-friendly two-wheeler of your choice. With competitive interest rates, flexible repayment terms and a convenient application process, ICICI Bank makes it easy for you to transition to an environment-friendly transportation alternative.

What is the maximum loan amount that I can get for an Electric Bike Loan?

At ICICI Bank, we offer a maximum loan amount of up to ₹ 30 lakh to eligible customers. However, the maximum loan amount sanctioned to you will depend on various factors like your creditworthiness & income and the value of the electric bike you wish to purchase.

 

Is the interest rate of an Electric Two-Wheeler Loan the same as that of normal Two-Wheeler Loan? 

ICICI Bank offers the same interest rates for both Electric Two-Wheeler Loans and normal Two-Wheeler Loans.

What are the other types of loans that ICICI Bank offers besides Electric Two-Wheeler Loan?

ICICI Bank offers a variety of loans, including Home Loan, Car Loan, Personal Loan, Business Loan, Education Loan and Loan Against Property. If you are an existing ICICI Bank Credit Card holder, you might be able to avail a Loan on Credit Card with competitive interest rates and flexible payback terms.

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