MSME Loan for EV Company

EV startups and small businesses need financial support to grow efficiently. MSME business loans provide accessible funding solutions designed specifically for small and medium-sized enterprises in the EV sector. These loans can be used for procurement of raw materials, hiring skilled labor, expanding production capacity, or meeting regulatory compliance requirements.

At Terkar Capital, we provide MSME loans tailored to the needs of electric vehicle companies, ensuring you get the right financial support to grow without unnecessary hurdles.

Electric Vehicle Financing

Key Features MSME Loans

get money icon

Funding amounts from Rs 25 Lacs to Rs 15 Cr

interest rate

Competitive Rate of Interest

start business

Potential for Scalability

Simple paperwork

Simple terms and Less Paperwork

flexible repayment

Flexible Loan Repayment (Up to 60 Months)

(*T&C Applied)

Advantages of an MSME Business Loan for EV Companies

Here’s how an MSME loan can benefit your EV business:

  1. Get financial support when you need it the most without long waiting periods.
  2. Many loan options are available with flexible security requirements.
  3. Fund new technology, scale production, and explore new markets.
  4. Manage daily operational expenses efficiently.
  5. It ensures better financial planning.
  6. You may choose a repayment plan that aligns with your cash flow.

Let’s Schedule a Call to Arrange Funding for your Electric Vehicle Company!

Eligibility Criteria for an MSME Business Loan

To apply for an MSME loan for your EV business, you need to meet certain eligibility requirements:

  1. Your company should be legally registered as an MSME in India.
  2. At least 2-3 years of operational history.
  3. A healthy credit history improves approval chances.
  4. Must be engaged in EV manufacturing, charging infrastructure, battery production, or related services.
  5. Submission of income proof, bank statements, and business financials.
  6. Must adhere to industry norms and environmental policies.

MSME Loan Documents Required for EV Company

When applying for an MSME business loan, ensure you have the following documents ready:

  1. Business documents
  2. Bank statements for the last 6-12 months
  3. GST returns and IT returns
  4. Profit & Loss statements and balance sheet
  5. KYC documents of the business and owner
  6. Collateral documents (if applicable)

The financial institution may ask for additional documents while processing your application

Electric Vehicle MSME Business Loan at Terkar Capital

At Terkar Capital, we understand the unique challenges of the EV sector and thus provide financial solutions designed to accelerate your business growth. As a result, our MSME business loans are structured to meet your working capital needs, R&D investments, and expansion plans without unnecessary delays.

Furthermore, with our expert guidance and seamless loan process, we ensure that your business gets the funding it deserves at the right time. Therefore, whether you are a startup or an established MSME in the EV industry, we offer customized financial solutions with minimal paperwork and quick approvals.

Download our Company Profile to Get Brief Insights About Us!

MSME Loan FAQs for EV Company

It depends on the loan type. We offer both secured and unsecured financing options.

Typically, it takes a few working days once all documents are submitted.

Yes, provided the startup meets the eligibility criteria and has a viable business plan.

Interest rates vary based on loan type, business performance, and financials.

Financing the EV Companies in

Pune / PCMC  |  Mumbai  |  Hyderabad  |  Delhi  |  Bengaluru  |  Chennai  |  Kolkata

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Terkar Capital is a registered brand of Terkar Global Financial Development Pvt Ltd, an Investment Banking Firm with a national footprint. We work extensively with professionals and businesses of all sizes to arrange debt funding instruments.

Head Office

Castle Eleganza, 103, Bhonde Colony, Dr.Ketkar Road, Erandwane, Pune – 411004, MH-India

Yes@terkarcapital.com

+91 8308629820

Corporate Office

The Capital, Level 7, B-Wing, Plot C – 70, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051.

Mumbai@terkarcapital.com

+91 7414973455

Branch Offices

Nashik | Nagpur | Chhatrapati Sambhaji Nagar | Hyderabad

Operational Presence

Delhi | Bengaluru | Chennai | Kolkata | Ahmedabad | Surat

Growing Nationwide…

Terkar Capital

In Association with:

MSME Global Mart | MCCIA

© Terkar Capital 2024

CIN – U70200PN2023PTC224016

All formal communication from Terkar Capital will be conducted exclusively through our designated official emails. Do not respond to fraudulent calls or emails claiming to be from Terkar Capital. Contact us using the official coordinates!!

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