EV Ancillary Loan
The Electric Vehicle (EV) Ancillary Loan is a closed-ended credit product. This loan is used to finance ancillaries like batteries, conversion kits, etc. With this loan, a fixed sum of money is borrowed and repaid in equal monthly installments over the loan term. Interest is charged on the amount lent, and fees/charges are applied. This loan is available exclusively through our approved dealerships. It is offered to individuals or fleet owners purchasing an EV ancillary for commercial use only.
Source: https://www.revfin.in/ev-ancillary-loan
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