Electric Two-Wheelers You Can Buy with a Personal Loan: Complete Cost Breakdown

India’s electric two-wheeler market is witnessing steady growth, driven by increasing fuel costs, rising environmental concerns, and a shift toward sustainable mobility. Budget-friendly electric bikes are emerging as a practical solution for daily commuters, offering an economical and eco-friendly alternative to petrol vehicles. 
With rapid progress in battery technology and the growth of charging infrastructure, more consumers are now open to switching to electric options. This article explores key aspects of electric two-wheelers in India and how a personal loan can be a good choice to finance the purchase.
 

The Rise of Electric Two-Wheelers in India

The electric two-wheeler segment has grown significantly due to economic benefits, environmental concerns, and supportive government policies.
●    The FAME II scheme offers substantial subsidies of up to 10,000 per kWh, capped at 15% of the ex-factory price, reducing electric two-wheeler prices significantly.
●    Several state governments have waived road tax and registration fees, making cost-effective EVs more accessible.
●    Rising fuel prices have made electric scooters more economical, with running costs approximately 85% lower than petrol vehicles.
●    Expanding charging infrastructure across urban areas has addressed range anxiety concerns for potential buyers.
●    With electric scooter features evolving steadily, the riding experience for users is also improving. This can be attributed to developments like improved battery capacity, regenerative braking systems and smart connectivity options.
Also Read : What is the future of electric scooters in India?

Top Electric Two-Wheelers in India (2025 Edition)

Here are some of the popular electric two-wheelers that you can think of buying in India in 2025:
 

1. Ola S1 Pro+ Gen 3

The Ola S1 Pro+ Gen 3 is positioned in the premium segment with various battery options and extended range capabilities.
●    Range of up to 320 km on the 5.3 kWh battery variant
●    Top speed reaches 141 km/h with quick acceleration
●    Touchscreen display with Bluetooth connectivity
●    Multiple riding modes for different performance requirements
●    Regenerative braking system for improved efficiency
Electric two-wheeler price: ₹1.48 lakh onwards (ex-showroom)
Also Read :  Our Top 10 Picks for the Best High Mileage Electric Bikes and Scooters in India

2. TVS iQube 5.1 kWh

The TVS iQube offers reliable performance with a moderate range suitable for daily urban commuting.
●    Range extends to 150 km on the ST variant
●    The digital instrument cluster provides relevant riding information
●    32-litre storage and carry-along charger
●    Multiple riding modes for different conditions and preferences
●    IP67-rated water-resistant battery pack for durability
Electric scooter price: ₹1.85 Lakh onwards (Ex-showroom)

3. Chetak 3501

The Bajaj Chetak 3501 combines traditional design elements with modern electric technology.
●    Range of approximately 153 km per charge
●    Maximum speed of 73 km/h for urban travel
●    Sturdy metal body construction, unlike plastic alternatives
●    Coloured LCD display with real-time data monitoring
●    Eco and Sports riding modes with varying power delivery
Electric two-wheeler price: ₹1.22 Lakh onwards (Ex-showroom)
Also Read : Electric Two Wheeler are Spearheading the e-revolution in India

4. River Indie

The River Indie focuses on utility with substantial storage capacity and durable construction.
●    Driving range of 161 km after full charge
●    Storage capacity of 55 litres, highest in category
●    Adjustable seat height for rider comfort
●    Fast charging capability with a standard charger
●    Rugged build quality designed for Indian roads
Electric two-wheeler price: ₹1.44 Lakh onwards (Ex-showroom)

5. Aether 450X

The Aether 450X targets the mid-range segment with adequate performance for city use.
●    Range of approximately 161 km per charge
●    Top speed of 90 kmph
●    Balanced weight distribution for a steady driving experience
●    Aether Stack 6 powered information display
●    Faster charging up to 80% in 3 hours
Electric two-wheeler price: ₹1.19 Lakh onwards (Ex-showroom)
Also Read : Check Out These Electric Bikes That You Should Consider When Buying One

Additional Costs of EV Ownership

While the purchase price forms the primary expense, several additional costs must be factored in when budgeting for an electric two-wheeler:
●    Registration and Insurance: Although registration fees are waived in many states, insurance remains mandatory, costing approximately 2-3% of the vehicle value annually.
●    Charger Installation: Home charging setup may cost between ₹5,000-₹30,000 depending on the type of charger and electrical modifications required.
●    Maintenance: While generally lower than petrol vehicles, periodic maintenance costs approximately ₹2,000-₹5,000 annually for electric scooter servicing.
These additional expenses should be considered alongside the purchase price when evaluating the total cost of ownership and planning financing options.

Why Consider a Personal Loan for an EV Purchase?

Personal loans offer distinct advantages over conventional auto loans when purchasing electric two-wheelers in the current market.
●    Flexible Loan Tenures: Personal loans offer customisable repayment periods ranging from 12 to 36 months, allowing you to balance EMI amounts with your monthly budget.
●    No Down Payment Requirements: Unlike vehicle loans that typically require 10-20% down payment, personal loans can cover the entire cost of affordable electric two-wheelers, preserving your savings.
●    Quick Processing and Disbursal: With minimal documentation and digital verification processes, personal loans for electric scooter prices are processed significantly faster than traditional auto loans.
●    No Collateral Needed: Most personal loans are unsecured, eliminating the need to pledge assets while financing your cost-effective EVs.
Also Read :  5 Best 50cc Scooters In India [2025 Updated]

Conclusion

Electric two-wheelers are rapidly emerging as the future of urban mobility in India, offering both environmental advantages and long-term cost savings. With the right financing support, these vehicles are becoming more accessible to a growing number of consumers.
Hero FinCorp simplifies this transition by offering instant personal loans tailored for electric vehicle purchases. Loan amounts range from ₹50,000 to ₹5,00,000, with flexible tenures of 12 to 36 months and competitive interest rates around 19% per annum. With a fast application process and minimal documentation, owning an electric two-wheeler is now easier and more affordable than ever. 
(Note: Figures are approximate and may vary at the time of booking.)

Frequently Asked Questions

How does the weather affect the performance of electric two-wheelers?

Extreme temperatures can temporarily reduce battery efficiency. Most modern models have thermal management systems to minimise impact on daily performance.

Can I use my existing home power outlet to charge an electric two-wheeler?

Yes, most electric two-wheelers come with portable chargers that plug into standard home outlets, making charging convenient without specialised equipment.

Are electric two-wheelers suitable for longer weekend trips?

With improving ranges, many models are now capable of weekend getaways. Plan your route with charging stops or consider models with swappable batteries for extended journeys.

What documents are required when applying for a Hero FinCorp personal loan for electric two-wheelers?

Typically, you will need address proof, income proof (bank statements or salary slips), identity proof, and photographs. Digital KYC options are available for faster processing.

Disclaimer: The information provided in this blog post is intended for informational purposes only. The content is based on research and opinions available at the time of writing. While we strive to ensure accuracy, we do not claim to be exhaustive or definitive. Readers are advised to independently verify any details mentioned here, such as specifications, features, and availability, before making any decisions. Hero FinCorp does not take responsibility for any discrepancies, inaccuracies, or changes that may occur after the publication of this blog. The choice to rely on the information presented herein is at the reader’s discretion, and we recommend consulting official sources and experts for the most up-to-date and accurate information about the featured products.