HDFC Bank launches flexible EV car loan with battery split
In short
HDFC Bank launched a Flexi Electric Car Loan. It finances the car body and battery separately, and customers can choose EMIs and pay the battery part over a longer time.
This matters because it may make EV buying easier for customers. The reporting does not say the rates, fees, or who can apply.
What the reporting says
HDFC Bank launched the Flexi Electric Car Loan, which finances the vehicle body and battery separately and lets customers customise EMIs. The battery portion can be repaid over a longer tenure, according to the publisher summary. The reporting does not state pricing, eligibility, or the launch date beyond the announcement itself.
Why it matters
HDFC Bank introduced a Flexi Electric Car Loan that separates financing for the vehicle body and battery and allows longer repayment for the battery portion. The product is aimed at EV buyers and could make loan payments more flexible. The reporting does not provide interest rates, fees, or eligibility details.