Bajaj Auto Credit Electric Vehicle Loan at a glance
| Feature | Bajaj Auto Credit Electric Vehicle Loan |
|---|---|
| Product name | Covered under Intracity Commercial Vehicle Loan |
| Interest rate | Up to 30% p.a. (annualised customer IRR) |
| Rate type | Not published on the loan provider's website. Ask for it in the Key Fact Statement. |
| Maximum tenure | 3-84 months |
| How much it funds | Rs 10,000 to Rs 5 lakh |
| Processing fee | Up to 5% of loan amount |
| Pre-closure / prepayment | Not published on the loan provider's website. Ask for it in the Key Fact Statement. |
Source: bajajautocredit.com, checked 4 October 2026. Bajaj Auto Credit publishes a maximum annualised customer IRR of up to 30%; actual offers are usually below the cap.
Bajaj Auto Credit vs other loan providers for electric vehicle loans
Published figures from each loan provider's own website. Some loan providers publish a starting rate, some a range actually given to customers, and some only a maximum, so read the column with care and compare final offers on the APR in the Key Fact Statement.
| Loan provider | Published rate | Max tenure | Type |
|---|---|---|---|
| Hero FinCorp | From 5.99% | 6-60 months | NBFC |
| Bajaj Auto Credit | Up to 30% p.a. | 3-84 months | NBFC |
| Tata Capital | E2W from 12.5% p.a.; EV car from 8.75% p.a. | E2W 48 months; EV car 84 months | NBFC |
| Chola | 2W EV 15% - 28%; 3W EV | — | NBFC |
What kind of loan provider Bajaj Auto Credit is
Bajaj Auto Credit is a non-banking finance company (NBFC) regulated by the RBI. NBFCs often lend to people banks may turn down, such as first-time borrowers, farmers or self-employed people with irregular income, and reach smaller towns through dealers. In return their rates and fees are usually higher than a bank's, so they suit you best when a bank loan is not available or is much slower.
Captive financier of Bajaj Auto, financing Bajaj two-wheelers, three-wheelers and Qute
Features Bajaj Auto Credit lists for this loan
- Electric 3W models listed: Bajaj RE E-Tech 9.0, Maxima XL Cargo E-Tech
Documents you will usually need
Most loan providers ask for a similar set. Bajaj Auto Credit may ask for more depending on your profile.
- Identity proof such as Aadhaar, voter ID, passport or driving licence
- Address proof such as Aadhaar, utility bill or rent agreement
- PAN card or Form 60
- Salary slips and bank statements or ITR for income proof
- Dealer quotation or invoice showing the model, battery details and on-road price
- Valid driving licence, where required for the vehicle category
- Signed application, photographs and EMI mandate or cancelled cheque
Before you sign with Bajaj Auto Credit
- Get the Key Fact Statement (KFS). RBI requires loan providers to give you a KFS before you sign, showing the interest rate, all fees, the annual percentage rate (APR) and the total amount you will repay.
- Compare the APR, not the headline rate. A low rate with a high processing fee can cost more than a slightly higher rate with no fee.
- Ask about pre-closure charges. Fixed-rate vehicle loans often carry charges for paying early; floating-rate loans to individuals cannot.
- Check what is bundled. Insurance, extended warranty or accessories added to the loan raise the amount you pay interest on. You are free to buy insurance elsewhere.
- Make sure the hypothecation is recorded and later removed. The loan provider's name is noted on the registration certificate; after the last EMI, collect the NOC and get it removed at the RTO.
Apply on bajajautocredit.com or at a branch. Never pay anyone an upfront fee to "get a loan approved"; genuine loan providers deduct fees only from the loan itself.
More from Bajaj Auto Credit and similar loans
Other vehicle loans from Bajaj Auto Credit:
Buying a used car? Read the used car loan guides
A second-hand car changes the rate, the tenure and the paperwork. These guides cover rates by loan provider, car age limits, valuation, down payment and RC transfer.
Compare Bajaj Auto Credit with other loan providers
See Bajaj Auto Credit's published vehicle loan rates, fees and tenure next to another bank or NBFC.
Frequently asked questions
What is the Bajaj Auto Credit electric vehicle loan interest rate?
Bajaj Auto Credit publishes Up to 30% p.a. (annualised customer IRR) (checked 4 October 2026). Your own rate depends on your credit score, income, loan amount and the vehicle.
What is the maximum tenure for a Bajaj Auto Credit electric vehicle loan?
3-84 months, as published by Bajaj Auto Credit. A longer tenure lowers the EMI but raises the total interest.
How much of the vehicle cost does Bajaj Auto Credit fund?
Rs 10,000 to Rs 5 lakh, according to Bajaj Auto Credit. The rest is your down payment.
What processing fee does Bajaj Auto Credit charge?
Up to 5% of loan amount. GST is usually added on top unless stated.
Can I close a Bajaj Auto Credit electric vehicle loan early?
Pre-closure terms are not published online. Fixed-rate loans often carry a charge; floating-rate loans to individuals cannot. Check the loan agreement.
Is Bajaj Auto Credit regulated?
Yes. Bajaj Auto Credit is regulated by the Reserve Bank of India as a NBFC. If a complaint is not resolved by the loan provider within 30 days, you can approach the RBI Integrated Ombudsman.
KhatuLoans is not a loan provider and is not paid by the loan providers or brands named here to rank them. Rates, fees and prices change; always confirm with the loan provider and dealer. Read our editorial policy and how we make money.