Want To Buy a New Electric Car, These 4 Banks Give You Best Loan Offers

Thakur Dilaawar Singh
5 Min Read
Want to buy a new electric car,These 4 Banks Give You Best Loan Offers

Want to buy a new electric car? These 4 banks give you a low-interest rateWant to buy a new electric car,These 4 banks give you a low-interest rate

Want to buy a new electric car, These 4 banks give you a low-interest rate

Want to Buy a New Electric Car? Everyone has a dream of buying a car, and an electric vehicle nowadays is becoming a popular choice as the demand for electric vehicles is continuously rising and the availability of these types of vehicles is now more challenging.

But why is it popular? Because of its interesting features, electric vehicles come with lots of features, but one of the most important is their power and fuel consumption. These types of vehicles do not require lots of fuel; one-time charging overnight is still enough for a whole-day journey. And that is the reason the demand for electric cars is increasing.

If you want to buy a new electric car, then there are lots of banks that give you exciting loan offers with a very low-interest rate. In India, the government has declared lots of tax breaks and other incentives for electric cars. Electric cars are safe and very stylish, so everyone wants to purchase them, but lots of people do not have enough funds to do so, so our Indian banks are trying to avail themselves of a simple loan system so everyone can afford the vehicle.

Want to buy a new electric car? 4 Banks give you special offers.

Want to buy a new electric car,4 Banks give you special offers.
Want to buy a new electric car,4 Banks give you special offers.

So the list of banks that provided loans is SBI, Union Bank of India, Punjab National Bank, and Bank of Maharastra.

SBI Electric Vehicle Loan: SBI offers their customers a special offer on car loans; on other websites, an offer is going on “Festival Dhamaka: Zero Processing Fees and this offer is available until January 31, 2024. So who wants to purchase their car so they can go with an SBI electric vehicle loan and purchase their dream car without any processing charge?

SBI Green car loan also gives you 9Car% discount offers, which is quite interesting and very low compared to all other lending options, so go to the nearest SBI bank and avail of the offers.

Union Bank of India Green Miles: Union Bank is another bank that provides the latest discounts and offers on electric vehicles. One of the drawbacks of this loan is that it is fully dependent on your credit score, but one of the best features is that there is no prepayment penalty if your loan is adjusted from its variable source.

Punjab National Bank Green Car (E-Vehicle Loan): – Punjab National Bank also provides a super scheme in which you can buy your electric vehicle with full finance if you select the option of ex-showroom price, and 25% of the on-road price will be refunded toward the purchase of the new electric vehicle. Another benefit is that no processing fees or documentation will be required for the loan. So this is the biggest opportunity for those who are trying to purchase their car with the best loan benefits.

Bank of Maharastra: As with the above bank option, Bank of Maharastra also provides you with no processing fee or documentation charges on any electric vehicle, and you will also get a 0.25 percent concession in ROI from the existing Maha Super Car Loan scheme.


The website surely does not guarantee the 100% accuracy of the figures. The above information is sourced from Google’s various websites and news media reports.

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