Three Wheeler Auto Loan: Apply for an Auto Rickshaw Loan Online

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What is a Three Wheeler Loan?

When considering the purchase of a new auto-rickshaw for either your business or personal use, you have the opportunity to preserve your savings while securing financing through our Three-Wheeler Loan. With our straightforward documentation process, you can expect loan approval within 24 hours.

We offer Three-Wheeler Loans without the need for income documentation. To assess how this loan may affect your monthly budget, utilise our Auto-Rickshaw Loan EMI calculator. Don’t hesitate any longer – obtain a loan for your auto-rickshaw today.

Three Wheeler Loans
Schedule of Charges Charges (inclusive of GST)
Processing Fees Upto 5%
Penal Charges 36% per annum on unpaid installment
Foreclosure Charges a) Remaining loan tenure is <=12 months - 3% on principal outstanding
b) Remaining loan tenure is >12-<=24 months - 4% on principal outstanding
c) Remaining loan tenure is >24 months - 5% on principal outstanding
Other Charges
Bounce Charges Rs.500
Duplicate NDC/NOC Charges Rs.500

Three Wheeler Loans EMI Calculator

7L50K50K2L4L5L7L
₹ 30000 ₹ 2,00,000
35%5%5%20%35%
11.99% 29.99%
6066203360
6 Months 36 Months
Monthly Loan EMI 8,455
Principal Amount 50,000
Total Interest Payable 732
Total Amount Payable 50,732

Disclaimer : These results are for indicative purposes only. Actual results may vary. For exact details, please contact us.

Frequently Asked Questions

We do not fund any accessory unless it is a standard fitting.

Our rates, which are comparable with the best in the industry, are determined by the customer's location and profile and the loan's tenure.

Our Three-Wheeler Loans are available for a maximum period of four years.

Approval is usually given in one working day, subject to the submission of all required documents.

You can intimate the branch, which you normally deal with. Otherwise, you can email us on helpdesk@tvscredit.com. To help you further, you can click here to check the Steps to update your address linked to your TVS Credit loan account.  Note : Any change in the address or KYC or any other documents submitted by Borrower(s) at the time of availing the loan, shall be notified in writing, within thirty days of such change by the Borrower.

No, comprehensive coverage is required.

We do not insist on this, but please take care to arrange for comprehensive insurance and produce the policy copy with our endorsement in time. However, if you pay the premium along with monthly installments, we can take care of your insurance needs.

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