LoanTap Announces Launch Of First Electric Two-Wheeler Marketplace

LoanTap has announced the launch of India’s biggest electric two-wheeler online marketplace. With the presence of India’s top brands and over 1000 dealers in one place, customers will have a wide range of options to choose from. They can check out the features and pick the bike of their choice without worrying about funds. In the future, LoanTap aims to provide seamless online E2W ( Electric two-wheeler) loan processing on the marketplace itself.

The E2W Marketplace aims to be the one-stop solution for enhancing clean mobility at affordable repayment options. LoanTap will bring a range of e-bikes from the best brands alongside EMI offers that will make the purchase of an electric vehicle pocket friendly. Now, anyone will be able to buy the electric two-wheeler of their choice with loans up to 80-100 percent of the e-bike value and pay in easy EMIs across a tenure as long as 36 months. LoanTap’s electric two-wheeler loan helps fund e-bikes in the range of Rs 20,000 to Rs 2,00,000 at a minimum income of Rs. 10,000 only. 

“The hike in petrol and diesel price is skyrocketing every day and is definitely pulling at the purse strings of the average day-to-day commuter in India. Another aspect is the ecological and environment-friendly reason of switching over to something that is good for us and our earth in the long run. Making electric vehicles a convenient option for all is our ultimate goal and we do it by introducing the first-of-its-kind E2W Marketplace. We as the country’s leading FinTech NBFC are on a mission to help millennials make their dreams come true. LoanTap understands the needs of millennials, their aspirations and on this path of economic and environmental revolution, LoanTap aims to make the journey flexible, convenient and affordable for all its customers. What better way than to bring it all in one place, on one platform that will help in making a sound decision” said Satyam Kumar, CEO & co-founder of LoanTap.

LoanTap makes E2W loan approvals and disbursals easy and within 24 hours. The process is fairly simple to avail collateral-free e-bike loans, repayments are easy over 6 to 36 months and are done on a flat processing fee. Anyone with a minimum income of Rs.10,000 and is above 21 years of age is eligible to apply.