0% Application Fee
Save from day one — no hidden costs.
No Hidden Charges
Complete transparency. What we promise is what you get.
Fast Approval
Approval within 48 hours — money directly in your bank account.
Friendly EMIs
Repayments designed around your Business’s cash flow.
Our Presence
We are spread across the country with strong reach and impact.
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HOW ITS WORKS
Get Your Loan Offer in just 2 Minutes
01.
KYC Verification
We securely verify your PAN, Aadhaar, and basic business details as per government rules to keep your loan process smooth and safe.
02.
Bank Statement
Upload your last 6 months’ bank statement or fetch it instantly via OTP for faster processing.
03.
Loan Eligibility
Your loan eligibility is calculated using your banking and business performance to offer you the best possible loan amount.
Our Feature
We Understand the Real Problems of a E-Rickshaw Drivers
| Daily Problems Faced by E-Rickshaw Drivers | How Vedika E-Rickshaw Loan Helps |
|---|---|
| Other lenders take weeks for approval and ask for too many documents. | Loan approval within 48 hours with quick disbursal directly to your bank account. |
| Hidden processing fees and insurance charges reduce the actual loan amount. | 0% processing fee with complete transparency and no hidden charges. |
| Fixed EMIs become difficult during low earning days or off-season periods. | Flexible EMI payments based on your daily or monthly e-rickshaw income. |
| Drivers lose income because they cannot buy or upgrade an e-rickshaw on time. | Fast finance for purchasing a new e-rickshaw or upgrading your existing vehicle. |
| Long paperwork and repeated branch visits waste working hours. | 100% digital process with minimal documentation and doorstep convenience. |
| Delays and hidden costs reduce drivers’ hard-earned daily income. | RBI-registered NBFC-MFI trusted by 3+ lakh rural and semi-urban customers. |
Get Loan
How to Get Started?
Loan Features
- Ticket Size: ₹75k–₹1.75L
- Tenure: Weekly / Monthly repayment
- Same-day disbursal • No hidden charges
- Up to 36 months tenure
- Loan Amount: Up to 80% of on-road price
- Quick Disbursal: Within 24 working hours after document completion
- Quick FI: Telephonic / Video
Eligibility
- Self-employed resident of India
- Ownership of residence
- Mandatory female co-applicant: spouse or mother
- Smartphone required
How to Apply
- Fill out the application form now :-
- Call us: +91 94317 10000
OR
Fill out the form online. Fast. Simple.
Apply Now
Client testimonial and real success stories read
The E-Rickshaw Loan from Vedika Finance helped me purchase my own vehicle and become self-employed. Today, I earn a steady income and can better support my family.
Owning an e-rickshaw was my dream, and Vedika Finance helped make it possible. The loan process was simple, and I was able to start earning immediately after receiving the vehicle.
With the support of Vedika Finance, I purchased an e-rickshaw and started my own transportation service. My monthly earnings have improved, and I feel more financially independent than ever before.
FAQs
You need to pay the dealer a margin money amount equivalent to three loan installments. This amount should be paid directly to the dealer.
Vedika is not responsible for any vehicle repairs. You should immediately contact your dealer or the nearest service center and have the vehicle repaired. If your issue is not resolved within 48 hours, you can contact our support team at the toll-free number provided.
In case of vehicle theft, inform the insurance company through its toll-free number within 24 hours and file an FIR (First Information Report) at the nearest police station. If the insurance company is not informed within 24 hours, it may reject your claim. For further assistance, contact your dealer.
Credit Score Improvement: Paying your EMI on time helps improve your credit score, making it easier for you to obtain loans in the future. Savings: Timely payments help you avoid late payment penalties.
Contact the insurance company through its toll-free number and also inform your dealer. The dealer is responsible for assisting you with the claim process.
Penalty Charges: Additional charges may apply if EMI payments are delayed. Impact on Credit Score: Late payments can negatively affect your credit score, making it harder to obtain loans in the future. Recovery Action: Recovery agents may contact you for payment collection. Legal Action: If three EMIs remain unpaid, the vehicle may be repossessed.
