Commercial EV Loans for Low-Credit & First-Time Borrowers in India

 Commercial EV loans still have thick underwriting practices. There are very few lending opportunities for driver-entrepreneurs and small fleet owners in the world of commercial electric vehicle loans, especially those who either have little to no credit history. Those old-style credit scores, along with collateral and a long banking history, are what the lender relies upon. This clearly sits very oddly with the way in which most gig drivers and incoming operators actually operate – revenue predominantly being daily, digital, and usage-related rather than fixed salary.

This gap is precisely what's fueling the rise of EV-focused capital providers. Rather than relying strictly on a borrower’s credit score, they are now judging earning potential, trip patterns, and the actual productivity of the EV being financed.Revfin is a good illustration of this EV-specific approach. Its underwriting doesn’t rely on traditional credit alone. Rather, it relies on utilisation behaviour, operational habits, telematics-based data, and patterns of battery performance benchmarks in order to assess the actual repayment capacity of a borrower. This model has served thousands of new-to-credit and low-credit drivers to purchase commercial EVs and develop long-term income stability.

Know More About Commercial EV Loans for Low-Credit & First-Time Borrowers in India

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