{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.indusind.com\/iblogs\/manage-your-finance\/electric-car-loans-financing-your-green-ride-in-2025\/#BlogPosting","mainEntityOfPage":"https:\/\/www.indusind.com\/iblogs\/manage-your-finance\/electric-car-loans-financing-your-green-ride-in-2025\/","headline":"Electric Car Loans: Financing Your Green Ride in 2025","name":"Electric Car Loans: Financing Your Green Ride in 2025","description":"Summary: An electric car loan can help you finance your new electric car comfortably without dipping into your savings. With IndusInd Bank, you can secure affordable car loans at attractive interest rates and get up to 100% of the vehicle’s value. Select from a flexible repayment tenure of up to 60 months and repay the...","datePublished":"2025-06-04","dateModified":"2025-06-10","author":{"@type":"Person","@id":"https:\/\/www.indusind.com\/iblogs\/author\/indusind\/#Person","name":"IndusInd Bank","url":"https:\/\/www.indusind.com\/iblogs\/author\/indusind\/","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/8169561f34fb61e737060f1a537a86e2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/8169561f34fb61e737060f1a537a86e2?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"IndusInd","logo":{"@type":"ImageObject","@id":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/logo-2.png","url":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/logo-2.png","width":201,"height":86}},"image":{"@type":"ImageObject","@id":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/car-loan-3.jpg","url":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/car-loan-3.jpg","height":400,"width":1060},"url":"https:\/\/www.indusind.com\/iblogs\/manage-your-finance\/electric-car-loans-financing-your-green-ride-in-2025\/","about":["Manage your Finance"],"wordCount":1109,"keywords":["Apply for car loan online","Car Loan","Electric Car Loans"],"articleBody":"Summary: An electric car loan can help you finance your new electric car comfortably without dipping into your savings. With IndusInd Bank, you can secure affordable car loans at attractive interest rates and get up to 100% of the vehicle’s value. Select from a flexible repayment tenure of up to 60 months and repay the loan in comfortable instalments. Apply for the loan through IndusInd Bank’s official website for a hassle-free, paperless process.Modern electric vehicles are revolutionising the automobile industry. They’re not only environment-friendly and stylish but also feature advanced tech systems. They have a lower running cost than traditional ICE (internal combustion engine) vehicles, zero carbon emission, and require less maintenance.However, purchasing an electric car requires a significant financial investment. Depending on the brand and model, the price of an electric car in India can be high.Taking an electric car loan eliminates this issue. It helps you to bring home your dream electric car without waiting for years or depleting your savings. Plus, with IndusInd Bank’s affordable car loans, you can secure a high loan amount at attractive interest rates.Benefits of IndusInd Bank’s Electric Car LoanIndusInd Bank’s electric car loan is packed with remarkable features to make your EV ownership hassle-free and affordable. Key features include:1. Attractive Interest RatesIndusInd Bank offers electric car loans at competitive interest rates, so you can own your dream car without straining your finances.2. Flexible Repayment TenureWith IndusInd Bank, you can select a comfortable loan tenure of up to 60 months. Plan your EMIs conveniently with a tenure that suits your financial situation.3. Quick Loan Processing & Minimal DocumentationIndusInd Bank offers a hassle-free loan process with minimal paperwork and quick approvals. Elevate your borrowing experience with doorstep assistance and complete the necessary documentation from your home.4. High Loan AmountWith IndusInd Bank’s car loan, you can avail of up to 100% financing for your new electric car, reducing the need for a large upfront payment. Make your loan repayment manageable and stress-free with pocket-friendly EMI options.Eligibility and Documentation for Electric Car LoansIndusInd Bank’s electric car loans have simple eligibility criteria and require minimal documentation. Here’s a quick breakdown:1. Salaried IndividualsYour age must be between 23 and 60 years.You must have a minimum income of INR 2.5 lakhs per year.You must have a minimum employment stability of 3 years with at least 1 year in the current employment.You must have at least 2 years of residential stability with at least 1 year in the current residence (no stability required in case you own your house).Documents required:Latest ITR or Form 16Last 3 months’ salary slipsLast 3 months’ bank statements2. Self-Employed IndividualsSelf-employed individuals must meet the following eligibility and documentation requirements:Eligibility criteria:Your age must be between 23 and 65 years.You must have a minimum income of INR 3 lakhs per year.You must have at least 3 years of business stability.You must have at least 2 years of residential stability with at least 1 year in the current residence (no stability required in case you own your house).Documents required:Latest 2 years’ ITR with IT computationsLast 3 months’ bank statementsBusiness incorporation certificate\/business proofVisit the Indusind Bank website for further information on eligibility and documentation for Self-Employed with No Income Proof and Self-Employed Individuals – Commercial Use – FTUFinance Your New EV with IndusInd BankBring home your dream electric car with IndusInd Bank’s affordable car loans. Enjoy competitive interest rates, flexible repayment options, hassle-free documentation, and up to 100% financing. Take the first step towards a greener future today! Apply for a car loan online with IndusInd Bank and enjoy a seamless, paperless application process. Visit the official website to apply today.Disclaimer: The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct\/indirect loss or liability incurred by the reader for making any financial decisions based on the contents and information.Share This:"}