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Overview

Electric Car Loan under NMB Auto Loan is a Retail Loan product targeted towards Electric four wheeler-buyers.

Eligibility

  • Individuals or Business Units
  • Age for individuals: Minimum: 20 years, Maximum: 65 at loan maturity.
  • For Registered Business Units: New and Existing.

Documentation

  • Identification Documents and Income Documents of Individual/ Business Unit.
  • Quotation of Electric Vehicle issued by authorized dealers.

Features

  • Loan amount from 0.5 Mio.
  • Maximum limit 5 Mio.
  • Up to 80% financing of the purchase price of the vehicle.
  • Financing Tenure of Up to 7 years.

FAQ

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