Battery Loan
Ridescapital Finserv Battery Loan loan aims at providing assistance to transport operators under Micro category and to create employment opportunity. Our hassle-free documentation, multiple repayment plans customised to match your needs and rates of interest are the best in the industry and are determined by the location of the customer, tenure of loan and customer profile.
Eligibilty criteria :
- All Individual, Transport Operators, who is member of Ridescapital Finserv, can avail this loan.
- All the entities should be engaged in transport business and/or should be desirous of owing and running Battery Loan.
- The Borrowers should have been granted permit by an appropriate authority to run Battery Loan for passenger or goods transport.
Quantum of Finance :
- Maximum :Rs 2.5 lakhs
- Only One Battery Loan is to be financed at single point of time.
- Total No of Battery Loan financed under the scheme to a single borrower should not exceed 2 at any point of time).
Repayment :
- The Term Loan for purchase of vehicle is to be repaid in maximum 48 months, including moratorium of 01 month.
- Term Loan for purchase of Battery is to be repaid in maximum 18 months.
EMI Calculator
Battery Loan Loan EMI Calculator
*These calculators are provided only as general self-help Planning Tools. Results depend on other factors.
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*These calculators are provided only as general self-help Planning Tools. Results depend on other factors.
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