FAQ
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Frequently asked questions
How can I apply for an EV loan?
You can apply directly from our contact page, or reach out to us by phone or email — our team will guide you through eligibility, documentation and disbursal.
What are the eligibility criteria and required documents for financing approval?
Eligibility is determined based on the information provided in your application form, the requested loan amount, and any additional details we gather from you. The required documentation includes:
- For Individuals (B2C): KYC documents (Aadhaar, PAN, proof of address), driving experience, and bank account details.
- For Businesses (B2B): Current fleet size, financial statements, bank statements, and additional information based on the nature, size and specific terms of your business.
What types of EVs can I finance through NexxGro?
NexxGro provides financing options for various types of electric vehicles, including:
- 4-Wheelers (N1): cargo and passenger vehicles
- 3-Wheelers (L5): cargo and passenger vehicles
- 3-Wheelers (L3): cargo and passenger vehicles
- 2-Wheelers (L2): cargo and passenger vehicles
How can I find the electric vehicle that best suits my business needs?
Explore the range of EV options for your business under Form Factors — filter by vehicle category, compare specifications and estimate your monthly payment before you apply.
How can NexxGro assist with my fleet's transition to electric vehicles?
We offer tailored EV financing and leasing solutions for fleet operators, facilitating a seamless and adaptable transition to electric vehicles with scalable options to meet your business requirements.
How does NexxGro help generate demand for my business?
NexxGro connects you with the wider EV ecosystem, including demand aggregators, to enhance growth opportunities for your business.
Do you provide data and insights on fleet performance?
Yes. Through our asset management portal we offer comprehensive insights such as vehicle tracking and monitoring, asset residual value, asset uptime and early warning signals.
What are the key terms of the loan facility?
- Term: loan tenures range from 12 to 60 months, contingent upon asset type, eligibility, credit details and other specific conditions.
- Loan-to-Value (LTV): up to 100%.
- Borrower categories: individuals, proprietorships, partnerships, private limited companies, public limited companies, LLPs and HUFs, among others.
Still have a question? Call (+91) 8130504537 or email corporate@nexxgro.com.
Apply for your EV loan now
Ready to make the switch to electric? Get the financing you need with a fast, hassle-free process — and take the first step toward a cleaner fleet.