LoanTap, one of India’s leading fintech lenders 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 of 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% 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 INR 20,000 to INR 2,00,000 at a minimum income of Rs. 10,000 only.

Speaking on this momentous occasion, Mr Satyam Kumar, CEO & co-founder – LoanTap said, “The hike in petrol and diesel prices 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 for 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, and 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.”

LoanTap makes E2W loan approvals and disbursals easy and within 24 hours. The process is fairly simple to avail of 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 above 21 years of age is eligible to apply.