The green credit decision.
Electric two-wheelers reduce running costs by up to 70% compared to petrol equivalents. But the higher upfront cost of an EV is what keeps many potential buyers — particularly gig workers and students — on petrol vehicles. Our EV-specific financing closes that gap.
We offer a 200 basis points concession on our standard two-wheeler interest rate, longer tenures suited to slower payback, and a streamlined approval process tied directly to FAME-eligible models.
Built for these riders.
Gig & delivery workers
Lower running costs directly improve daily earnings. Perfect for app-based delivery riders.
Students & first-time buyers
Eco-conscious young Indians making their first vehicle purchase a sustainable one.
Urban commuters
City-dwellers cutting commuting costs and contributing to better air quality.
Why GMC for EV financing.
- 200 bps lower interest rate vs petrol two-wheeler loan
- Tenures up to 48 months — longer than typical two-wheeler loans
- Up to 85% LTV on the on-road price
- Direct tie-ups with leading EV OEMs and dealerships
- Streamlined approval — usually same-day for ready EVs in stock
- No processing fee for FAME-II eligible vehicles (limited offer)
Documents required.
- KYC: Aadhaar Card and PAN Card
- Address proof: Voter ID, utility bill, or rent agreement
- Income proof: 3 months bank statement OR salary slip OR gig-platform earnings report
- Vehicle quotation: Dealer pro-forma invoice for the EV
- Driving licence: Valid Indian driving licence (for vehicles requiring registration)
Frequently asked questions.
Which electric two-wheelers are eligible?
Any electric two-wheeler from FAME-II registered OEMs — including high-speed scooters and motorcycles requiring registration, as well as low-speed mopeds. Our team will confirm eligibility at the time of dealer quote.
What's the actual interest rate after the concession?
Our standard two-wheeler rate starts at 13% — so EV rates start at ~11% per annum. The final rate depends on your credit profile and the specific vehicle.
What about charging infrastructure concerns?
We finance the vehicle only. However, our relationship managers can guide you on home-charging setup costs (typically ₹3,000–₹8,000 for two-wheelers) and point you to public charging networks in your area.
Do I need to pay processing fees?
Processing fees are waived for FAME-II eligible vehicles as part of our green finance promotion. For non-FAME EVs, a standard processing fee of up to 2% applies.
What's the maximum loan amount?
Up to ₹2,50,000, covering most premium electric two-wheelers currently in the market.