
Electric Bike Loans:
A Sustainable Choice
Electric bikes, commonly known as e-bikes, are an eco-friendly alternative to traditional bikes that are fuelled by petrol or diesel. They are cost-effective in the long run as they require minimal maintenance and help to reduce fuel expenses significantly.
Recognising the growing demand for e-bikes, ICICI Bank has introduced Electric Two-Wheeler Loans with funding up to 100% of the on-road price, to make it easier for you to adopt this sustainable mode of transport.
Electric Bike Loans offer an excellent opportunity to embrace eco-friendly and cost-effective commuting options. By choosing an electric bike, you not only help in reducing carbon emissions but also enjoy convenience and affordability.
Key Highlights of Electric Bike Loans
Eligibility, Charges and Documents for Electric Bike Loan
How to Apply for an Electric Bike Loan
Applying for an Electric Bike Loan from ICICI Bank is a straightforward process. Here are the steps involved:
Electric Bike Loan EMI Calculator
- ₹30,000
- ₹30L
- 12 months
- 36 months
- 9%
- 30%
-
₹ 2,00,000
-
₹ 22,605
-
₹ 2,22,605
Your Monthly EMI is ₹9,275
How to Use the EMI Calculator
- Loan Amount: Enter the loan amount you wish to borrow for your electric bike purchase. This should include the cost of the electric bike itself along with any additional expenses such as the cost of insurance or accessories.
- Loan Tenure: Choose the loan tenure that suits your financial situation. The tenure represents the number of months required to repay the loan.
- Interest Rate: Input the applicable interest rate for your Electric Bike Loan. ICICI Bank offers competitive interest rates to ensure affordability.
The calculator will carry out the calculations side by side and give you varying figures as you adjust the inputs. This way, you can find the ideal EMI plan for repaying the loan comfortably.
For instance:
Principle Amount= 5,00,000
Rate of Interest= 10.25%*
Tenure= 3 years (36 months)
Loan EMI= Rs. 16,192
Note: The Rate of interest is subject to change.
Factors Impacting Your EMI Amount
Several factors can influence your EMI amount
Electric Bike Loan FAQ
Is there any loan available for purchasing electric bikes?


Yes, ICICI Bank offers Electric Two-Wheeler Loans for the purchase of electric two-wheelers. These loans are designed to promote eco-friendly transportation solutions and financially assist individuals looking to invest in sustainable mobility options.
Why should I apply for an Electric Bike Loan from ICICI Bank?


Applying for an Electric Bike Loan ICICI Bank gives you access to a tailored financing solution for purchasing an eco-friendly two-wheeler of your choice. With competitive interest rates, flexible repayment terms and a convenient application process, ICICI Bank makes it easy for you to transition to an environment-friendly transportation alternative.
What is the maximum loan amount that I can get for an Electric Bike Loan?


At ICICI Bank, we offer a maximum loan amount of up to ₹ 30 lakh to eligible customers. However, the maximum loan amount sanctioned to you will depend on various factors like your creditworthiness & income and the value of the electric bike you wish to purchase.