Green Loan
Easy. Paperless. Hassle-free
Looking for EMI options to fund your Electric Bike purchase?Go Green with Rupyy’s Electric Bike loan and ride home the electric bike of your choice today!
Features and Benefits
Instant Disbursal
Receive the funds you need quickly and without delays with a quick processing
End-to-End Digital Process
100% paper-less digital process including features such as video KYC, digital agreement, etc.
Quick loans
Get a loan offer in minutes
Customized loan offers
Our loan offers generated are customized as per your needs
Green Loan Eligibility
It is now very easy to avail a Bike loan
Individuals who are at least 18 years old at the time of loan application- A decent and positive bureau score
- The borrower should not have fallen behind schedule on repaying any existing Rupyy Loans
Avail loan in 4 simple steps
1
Submit your details
Fill your details on the platform
2
Select your loan offer
Choose from available offers
3
Complete instant V-KYC online
Verify your identity
4
Get your loan disbursed
Submit application
Things to know while availing a green loan
Credit score
A credit score ranges from 300 to 850 and represents a person's creditworthiness. The minimum credit score that lenders generally require is 700. This helps with the best interest rates of electric vehicle loans and easy loan approval. However, it doesn’t mean that you’ll not be able to avail loan below this.
Hypothecation
The pledge of property secures a loan through a process known as hypothecation. The e-bike is collateral for the lender as the lender has helped pay for a portion or the total amount of the value of the vehicle.
Debt-to-income ratio
Lenders generally assess the income and other expenses that you have and then determine if the new EV loan and its EMIs are within your budget. The lender will use your debt-to-income (DTI) ratio to assess your ability to take out and repay a new loan.
Frequently Asked Questions
What is a green loan by Rupyy ?
What are the benefits of applying for a green loan through Rupyy ?
How much loan can I get for my e-bike?
What are the documents required for applying for a green loan through Rupyy ?
How long does it take to process the green loan?
