Finance

Revenue based loans are a type of speculation organized as a required compensation risk, where new businesses can reimburse the chief back after some time to their financial specialist for a settled upon top return.

It’s a model of financing that offers more choices for producing returns, as speculations either 1) convert to value, 2) reimburse, and 3) if reimbursed effectively, can offer a little leftover value position.

• Revenue based loans were noted in the NYT article as a solution for organizers who need to raise starting seed financing yet need to have their organizations’ future plan plotted independently.

• Your journey for private venture financing will probably rely upon one basic factor: your revenue.

Indeed, there are different contemplations, including your financial record, marketable strategy, and notoriety as a business visionary. In any case, in the chase for capital, odds are your private venture deals will decide the sort and measure of financing you’ll have the option to get.

• Return obstacles, starting reimbursement effortlessness periods, reimbursement rates, and terms for changing over to value concur in advance at the hour of speculation.

• With some doubting the taking care of new companies unreasonable measures of money to pursue hypergrowth, revenue-based loans offer a progressively maintainable elective that likewise permits organizers to hold more possession in their organizations.

• Creating revenue is the solution for some issues for organizations, which on occasion can be oft-overlooked for new businesses. The aggravating impact of persistently developing revenue will, after some time, give a startup a sound MRR which makes the possibility of reimbursing a revenue-based venture a less harsh pill to swallow.

• For new financial specialists who can’t contend on deal-flow, this could be a fascinating speculation choice to get eyeballs from increasingly smart and experienced startup administrators. It likewise may be an increasingly adjusted type of contributing for corporates, governments/supranational, and social effect reserves.

• As a rule, revenue is a significant rule to meet all requirements for a private venture credit. Every loan specialist sets its own base yearly revenue, which, when all is said in done, ranges from $25,000 to $150,000.

• Banks regularly have tough standards, including higher yearly revenue necessities. On the off chance that you don’t fit the bill for a customary independent company advance or need financing quickly, consider online revenue-based loans.

• Your business shows the quality of your business. Consistent and predictable deals, regardless of whether they’re not developing like gangbusters, show that you’re executing on your field-tested strategy. This exhibits to would-be moneylenders that you realize how to maintain an independent venture and makes it almost certain that they’ll affirm your advance application.

• A few loan specialists give revenue more weight than a FICO assessment. Your FICO assessment can be significant in applying for an independent venture advance, however, it’s not the deciding element. Numerous moneylenders will concentrate more on your deals, especially those in the past a quarter of a year.

Normally the speculations are not organized as an advance, yet a risk with a compulsory compensation. Try not to neglect that the obligation can change over into straight value upon an occasion, for example, a future raising support round. The arrival is specified as topping numerous of the first speculation. Recompense starts sometime not too far off and is variable based upon a level of a pay articulation metric. Once reimbursed, the financial specialist might be left with a remaining value position about the underlying venture.

House flippers are a unique breed of property investors who make money by buying cheap houses in need of renovation, rehabbing them, and immediately putting them back on the market. Succeeding as a house flipper takes a lot of nerve. It also takes knowledge, skill, and the right funding sources.

More than one house flipper started out by bootstrapping his business. This is to say that he funded the purchase of his first property out-of-pocket. He then used the proceeds from the sale of the property to purchase the next one, and so on. Bootstrapping does work, but building a solid business that way takes a lot of time and considerable financial resources.

Another option is to go the hard money route. Hard money is a fairly popular funding solution among house flippers who know how to take maximum advantage of it.

How Hard Money Works

A hard money loan is essentially a short-term loan made by private lenders. It is so named because lenders rely on hard assets to secure loans. In the case of a house flipper, the property being purchased normally acts as collateral against the loan. Lenders would expect to see a house with excellent income and sale potential before agreeing to do a deal.

Actium Partners, a hard money lender in Utah, says that collateral is everything in the hard money business. They explain that lenders are more comfortable making loans when borrowers offer strong collateral backed by a solid executive summary and a workable exit strategy.

Hard Money is Fast Money

A big advantage of hard money for house flippers is speed. Where banks and credit unions could take weeks to approve a loan, most hard money lenders can do so in days or even hours. This benefits house flippers inasmuch as it enables them to close on new properties quickly. The sooner they close, the sooner they can get to work on rehabbing and reselling.

Preserving Cash Flow

Another big advantage of hard money is that it affords the opportunity to preserve cash flow. Whereas bootstrapping leaves house flippers in a position of always having their own capital tied up in a project, hard money lending frees up cash assets for other purposes.

Having adequate cash flow gives a house flipper more money to use toward down payments. This suggests that an investor with enough cash on hand could have multiple properties working at once. If he continued bootstrapping, he might be limited to a single property at a time.

Paying for Renovations

Hard money comes in handy for covering renovations as well. Go to a bank and you might have to obtain separate loans – one for the purchase and another for rehab. Hard money lenders rarely work that way. They combine all of the borrower’s financing needs into a single loan.

How does this help? Generally, it means being able to borrow more on a single property. Again, this assumes that the resale value of the home will exceed the total amount borrowed for both purchase and rehab. Thus, experienced house flippers know enough to be circumspect about their renovation budgets.

House flipping may have reached its peak a few years back, but it is still a very lucrative way to make money in the property market. Savvy investors who know a thing or two about renovations are still able to buy cheap houses, rehab them, and sell them for a decent profit. Many house flippers do what they do by relying on hard money as their primary funding source.

There are three degrees of coverage insurance provide as per safeco condominium insurance reviews

“Bare walls” coverage is restricted to the essential structure of the building, including installations and furnishings by and large utilized. That implies things for your select use, similar to counters, cabinetry, flooring, sinks, and so forth., are not secured. Nor are updates and enhancements included by you or a past proprietor. Your personal property (anything you own that is not made certain about) is likewise not secured.

“Single entity” strategies usually spread the building structures, basic territories, and installations in individual units, however not personal property or upgrades made by you or a past proprietor. Your personal stuff and redesigns – the extravagant backsplash, vintage paw foot tub, and teak floors are a loss in the event that they catch fire and you’re relying on a single entity strategy.

“All-in” or “all-inclusive” strategies spread the structure in addition to apparatuses in individual units and additional redesigns made by you or a past proprietor. This arrangement includes full reclamation of your unit to its condition quickly before a secured disastrous loss. The main things not canvassed by an all-in ace approach are your personal belongings.

DETAILED UNDERSTANDING OF THE BASIC COVERAGE, “BARE WALLS” COVERAGE

As per safeco condominium insurance reviews, Bare walls coverage is an insurance strategy that applies to communally utilized highlights in multi-family private buildings. Bare walls coverage is generally found in ace strategies for condominium affiliations.

Bare walls coverage is utilized when the structure of a building is shared by a wide range of individuals which makes it hard for anybody individual to convey the insurance strategy on the property. In multifamily houses or condominiums, this can reference territories like portals or firewalls between units. Since a single unit proprietor can’t be approached to buy a strategy covering these things, the affiliation buys this insurance strategy. Usually, the cost of the premiums for this arrangement is included in the affiliations’ charges.

Bare walls coverage just applies to normal territories. Individual unit proprietors should buy their own approaches to cover any harms or losses that happen to their property. This includes apparatuses, personal belongings, and liability for injury that happens within their units.

REASONS WHY ALL-INCLUSIVE POLICY IS BETTER THAN OTHER POLICY TYPES

As opposed to picking all-in coverage, as per safeco condominium insurance reviews, a condominium affiliation can instead decide to buy single entity coverage or bare walls coverage. Single entity coverage applies to all property, including things in individual units. It doesn’t make a difference to the personal things, for example, PCs and clothing, of the individual condo occupants, and doesn’t make a difference to any improvements made to the condo unit. This kind of insurance is the most widely recognized property insurance bought by condominium affiliations.

Bare walls coverage is the most constrained sort of coverage that a condominium affiliation can decide to buy. It just applies to the regular zones of the condo, for example, the door, and doesn’t cover anything inside the individual units, for example, the apparatuses, installations, and machines. A bare walls-in strategy centers around the real structure of the condo – the outside, roofing, framing, wiring, piping, insulation, and the drywall itself.

Are you stepping towards homeownership via a home loan, but are still obligated to continue leasing? If so, thenyou need to know all that there is to know about Home Rent Allowance (HRA) benefits. As per Section 24 and 80C of the Income Tax Act, housing loan applicants can claim HRA deductions together with home loan tax benefits, provided they meet certain conditions. Read more to find out.

Conditions under Which You Can Claim HRA Together with Home Loan Interest:

Condition #1. Owning a house in a different city

HRA deduction and home loan tax benefits are available to those whose rented apartments are in a city different from the one in which they are planning to own a home. For example – you are eligible for HRA deduction if you rent an apartment in Delhi but apply for home loan to purchase a home in Chennai. In this particular situation, a home loan borrower is allowed to claim both HRA deduction and tax benefits on the principal amount, and the home loan interest repaid on it.

Condition #2. Taking a home loan for an under-construction house

If an under-construction home loan applicant files for an HRA deduction, they are eligible to claim it along with housing loan tax benefits. And once the construction of the property is over, they can claim for reduction of the total home loan interest paid till the date of property completion.

Condition #3. Owning a house but being unable to move in

There could be a number of reasons as to why a person may not be able to reside in the house they own, with the most common being distance from the workplace. However, even under such circumstances, the Income Tax Act allows the claiming of HRA deduction along with home loan tax benefits. However, there is a condition – the distance between the home for which you’ve applied for a housing loan, andworkplace should be more than 35 km.

Condition #4. Residing in a rented house and leasing the owned house

If a person applies for a home loan online to own a house but somehow chooses to lease it, and he/she decides to reside in a rented house, such a person can also claim HRA deduction together with home loan interest rate. However, as per Section 80C, such an individual cannot claim benefits on principal repayment.

Circumstances Under Which You Cannot Claim HRA Deduction

HRA deduction, along with home loan interest, cannot be claimed by self-employed individuals and is only available to salaried individuals who own a house but are living in rented accommodation. Moreover, if your rented accommodation is in the same city as the one in which you are buying a house, (except it is an under-construction property, or you show a valid reason for being unable to move into your home), you cannot claim HRA deduction.

Are you planning to own a house? Well, now that you know about your HRA benefits, there’s no reason to delay availing easy home loans.

Also, make sure to check your home loan eligibility and EMIs beforehand. For this, you can use free home loan eligibility calculator and home loan EMI calculator.

Also, remember that some lenders offer highly competitive home loan interest rates in India. So, don’t forget to compare home loan rates before you apply.

Anyone lacking the funds they need for an investment opportunity that has come up can use hard money loans. Even if they wouldn’t qualify for the typical loan, they can qualify for this. They can quickly get the money that they need and make the investment they want thanks to a hard money lender.

They Need To Find The Right Lender

The first step to getting a good hard money loan is to find the right lender. They can look at all of the hard money lenders in NC and see which ones of them are quick and easy for doing business. They can talk to several of them and figure out which one has the best policy for paying off the loan and all of that, as well.

Take Advantage Of The Right Investment Opportunities

When they have the money they need when they need it, they can take advantage of all of the best investment opportunities that come up. They will get excited about their investments and seeing where things go with them, and they will feel good about having the money they need when they need it. Even if they have been turned away by other lenders before, the hard money lenders in NC will do right by them and give them the money they need when they need it.

They Can Quickly Get Approval For A Loan

If they have struggled with getting approved for loans in the past, then they will appreciate how easy it is to be approved for a hard money loan. They can talk to the one giving out the loan and figure out how much to take out. When they are approved for it, they can jump into the investment they want to make before it is too late.

There Is Not As Much Pressure With This Kind Of Loan

If the stress of having a loan has gotten to them in the past, or if they have always struggled with making payments on time, then they will like this better. With a hard money loan, they won’t have to be as concerned about the timing of paying it off. They can talk to the one who gives it to them to figure out the details, and they will feel good about taking it out when they don’t feel immediate pressure to pay it off.

Their Credit History Will Not Matter

When they use hard money loans, their credit history will not matter. Everyone who has struggled to pay off loans in the past will appreciate that and the fresh start that they get with a hard money loan. They don’t have to worry about trying to fix anything to get this type of loan, but all that they need to do is to make sure that they find a good company to get it through.

They Still Need To Be Careful About What They Do With The Money

Even though it is nice to get the money quickly and have it for every investment they want to make, they still need to be careful about it because they still need to pay it back eventually. They need to look into the company or product they want to invest in and decide if it is worth it. They need to be smart about every opportunity that comes up and take out a hard money loan each time they feel that the investment is one that they can’t miss.

Millennials in India, born between 1982 and 1996, are dynamic trendsetters. They make up 46% of the Indian workforce, according to Morgan Stanley. Measured in US dollars, The Financial Express pegs their spending capacity at $3.6 billion. Their approach to finance is markedly different than other generations. They embrace personal loans to fuel their aspirations. Features like instant personal loan approvals and being collateral-free make this credit line accessible. Even new-to-credit customers find it easy to avail of this loan.

How can the millennials though make the best use of a personal loan in India that has no restrictions on its end-usage?

Here are some suggestions:

Travel 

Often leading a hectic lifestyle, this generation prefers to take regular holidays. They consider travelling essential for quality life experience. They seek out novelties, avant-garde destinations, adventure tours, self-driven trips, and luxury camping. A personal loan for travel then becomes a convenient way of realizing such vacation goals.

Education

Young adults often choose to improve their credentials for better professional growth. However, costs of quality higher education have been on a rising trend. The annual education inflation is at 10-12% by a ballpark estimate. Thus, personal loans for students are ideal solutions for millennials seeking higher education.

Medical contingencies 

Another sector where inflation is steep and unrelenting in India is healthcare. The current average medical inflation rate is at 15%. Thus, even with health insurance, the cost of ongoing medical treatments can be prohibitive. Millennials, who are often the breadwinners of the family, tend to shoulder such responsibilities. It makes a personal loan for medical emergency a boon for them.

EMI funding 

A recent YouGov-Mint Millennial Survey shows that millennials are more open to loans than other age groups. However, rather than servicing multiple debts, merging several into one single loan can be beneficial. Often personal loans offer lower interest rates than credit cards. These digital natives can estimate their monthly outgo using an online personal loan EMI calculator. It can help them refinance their dues in line with their budget.

Weddings 

Typically, millennials focus on their careers and tie the knot after attaining financial stability. However, when they do decide to tie the knot, they do so in style. Fancy designer-wear, lavish photoshoots, elaborate rituals, destination weddings in luxury resorts are a growing trend in this social-media-savvy generation. And personal loans help put together the perfect celebration.

Conclusion

Quality, convenience, well-being, and cost-effectiveness drive the buying decisions of Indian millennials. They use the internet to make informed choices and purchase-related monetary transactions. And the easy availability of a personal loan online makes it the preferred finance option for these new-age consumers. Tata Capital offers such unsecured loans online at attractive interest rates, starting at 10.99%. Such loans can help millennials meet shortfalls any time they find themselves in need of money.

Buying a new car can be very exciting, but taking measures to keep the vehicle safe and secure should also be considered. While thinking about safety measures, one should also secure the car with a car insurance policy to cover any damage. Let’s check out a few steps to get online insurance for car at a minimal cost.

Comparing different car insurance policies online can help you get the best deal that fits within your budget. You can compare the quotes offered by various insurance providers and purchase your car insurance online at a low cost. Here are the benefits of comparing your car insurance online before finalising the deal.

• The primary reason to compare car insurance is to know the coverage and the premium offered by different car insurance providers. You would also know the coverage that would best suit your car and the minimum premium that you can pay towards the coverage.

• Comparing online insurance for cars also helps you to customise your coverage according to your specific needs. Different coverages can be clubbed together to your insurance policy.

• Add-ons are also available, which helps get better coverage for your car and saves a lot of money. You can also compare the costs of add-ons provided by the insurance providers online.

• Insurance providers also provide discounts on their damage coverage of car insurance policy. Buying car insurance online and comparing the discounts offered by different insurers helps you to choose the best plan at the right price.

• Comparing car insurance online helps to know more about the deductibles and the exclusions under the different insurance policies.

• Comparing insurance policy online also comes with an advantage that it is more transparent, and one can get a clear picture of the premium to be paid and the coverage received for the car. You can also check the reviews that the insurance holders have shared.

Process To Get The Car Insurance Policy At The Lowest Price 

Do your research well– Take into consideration different parameters to compare, including price and coverage offered by the various insurance providers. Different parameters would be the claim settlement ratio, cost of the premium, discounts, additional benefits, etc. 

Claim ratio– The claim settlement ratio shows the number of claims settled by the company to the number of requests received. This would help to understand your chances of getting the claim settled in that company. 

Compulsory third-party insurance- A third-party car insurance is mandatory according to the Indian Motor Vehicles Act. Whenever you choose to buy a car insurance policy, you would have to include third party insurance in your plan. 

Understanding the policy document –  Checking every detail about the policy document is necessary. One can easily figure out the inclusions and exclusions of the policy document and know the coverage of the insurance policy. 

Comprehensive Coverage– Choosing a comprehensive coverage is beneficial as it provides adequate coverage for the car and covers third-party damages. 

Consider buying additional coverage- Buying additional coverage always gives complete coverage to the car from any accidents. Additional coverage can be in the form of add-ons like engine protection cover, roadside assistance coverage. Getting this coverage, along with the policy, would cost you less than buying them separately.

Before purchasing car insurance online, it is imperative to compare the costs and coverage given by different insurance providers. Comparing the different policies would help in choosing the best insurance coverage at a minimal price.

A single hospitalization that stretches more than a week is usually enough to wipe your savings clean. The only way by which you can receive the best in medical care while also protecting your hard-earned money is by opting in for health insurance. Indeed, health insurance holistically protects your physical, mental, and financial well-being.

Now, buying health insurance for the first time can be a bit confusing. While reading the fine print, you may come across several terms that might seem alien to you. You might feel tempted to just skip the jargon; however, doing that would leave you with incomplete information. And, that is not ideal when buying something as important as health insurance. Two of the most common terms in healthcare and health insurance that are often the subject of confusion are day care procedures and OPD. In this article, we aim to help you understand the differences between these two terms in healthcare and how your insurance covers them.

Day Care Procedures and OPD – The Definitions

Day care procedures and OPD are often assumed to be two terms used for the exact same thing. However, they are different from each other. The line of difference is quite a fine one so, let’s separate them by looking at their individual meanings.

• Day care procedures

A day care procedure is a type of medical procedure that is carried out in a hospital but, does not require overnight hospitalization. The treatment is usually completed within a few hours. The patient may then go home the same day.

Some examples of day care procedures are chemotherapy and cataract surgery.

• OPD

OPD stands for outpatient department. In OPD care, the patient receives medical treatment at the doctor’s clinic without having to go to the hospital. OPD care too is usually completed within an hour or so post which, the patient may go home.

When you head over to your doctor for general consultation, this procedure comes under the purview of OPD care. A dental treatment, such as root canal, is also considered as an OPD procedure.

Day Care Procedures and OPD – Claiming Coverage

Your health insurance policy will have its own clauses which list out how day care procedures and OPD will be covered. Here is a brief look at how most health insurance providers accommodate these medical expenses within their policies.

• Day care procedures

Day care procedures usually come under cashless claims if the treatment is done at one of the insurance provider’s network hospitals. You need to keep the insurance company notified before you get the procedure done. If you choose to get admitted at a non-network hospital, you may send your proof of treatment and get reimbursed for your expenses as per your health insurance provider’s terms and conditions.

• OPD

Many health insurance policies do not pay for OPD procedures. Therefore, you must check whether OPD coverage is offered in your policy, if you deem this to be an important feature. Do note that even if OPD expenses are covered, this coverage will be subject to certain sub-limits that have been laid down by your insurance provider.

It is extremely important that you understand every detail of your health insurance policy. Knowing what to expect will help you choose the right policy and prevent any surprises later on when you have to make a claim. We hope this article helped you understand the fine line of difference between day care procedures and OPD. Finally, do remember to renew your health insurance on time to enjoy all the benefits the policy holds. Take care and stay fit!

A lot of NRIs often doubt if they can purchase a life insurance policy in India. As per the FEMA, NRIs can buy an insurance policy of their choice. Read on to know more.

In the context of the modern lifestyle, where people are vulnerable to various lifestyle-related illnesses, life insurance remains one of the must-have investments in your portfolio. It is vital to safeguard the financial future of your loved ones, even in your absence. And the best thing is, not just Indian residents but Indians residing in foreign countries (NRIs) are realising its importance.

The Foreign Exchange Management Act (FEMA) allows the NRIs and PIOs (People of Indian Origin) to purchase a life insurance policy in India. If you are an NRI and are looking to buy a life insurance plan to protect your family, you can find plenty of policies to suit your specific insurance needs.

Here are five things you must remember while buying the best term insurance for NRI:

Know Your Eligibility

As per FEMA, all NRIs and PIOs can purchase a life insurance policy provided they fulfil certain eligibility requirements. You must hold a valid passport issued by the Government of India. You must be residing in a foreign country for employment or business purposes and must have a regular source of income.

For PIO, you must have held Indian passport in the past, or your grandparents were Indian citizens under the Citizenship Act, 1955.

Choose Your Insurer Carefully

Once you are sure of your eligibility, the next step is to choose the right insurance company. Today, more than 20 insurers in India offer a variety of life insurance plans for the NRIs. It would help if you made your choice based on important factors like the company’s claim settlement ratio, quality of customer service, variety of plans offered, flexibility to customise the plan to your specific needs, etc.

Although the insurance companies do not offer any exclusive life insurance for NRIs, some insurers have restructured the process for issuing the policy to make it easier for you to comply with the documentation and undergo the medical examinations.

Be Aware of the medical examination process

When you buy a life insurance policy in India, you must undergo a medical examination; it is a part of the buying process. There are two ways to complete the process. You can either visit India for the tests, and the insurer will bear the expenses or you can do the necessary tests overseas (in your country of residence) and send the reports to the insurer in India. In the latter case, you must pay for the tests from your pocket.

Determine the mode of premium payment

When you purchase a life insurance policy in India, you should check the premium payment method in advance to avoid any hassles later. Generally, the insurance companies allow NRIs to pay the premium in two ways. You can either pay the premium in foreign currency through your NRE/FCNR bank account or pay the premium in INR through your NRO account.

Know about the rules for death and maturity benefits

If you purchase a life insurance policy in India, the nominee is bound to get the death benefit, irrespective of the place of demise. The amount paid to the beneficiary is in the specified currency (as mentioned in the policy document), i.e., either in Indian Rupees or foreign currency. To get the claim amount, the beneficiary must submit the necessary documents, which may vary from insurer to insurer.

Now that you are aware of the different aspects of buying a life insurance policy in India make sure that you compare the plans and choose the one that suits your needs perfectly.

It has been three years since India became the largest manufacturer of two-wheeler bikes, leaving China behind. China’s slowdown in this sector can also be attributed to the ban of traditional motorcycles in many of its urban areas. It has stepped up the production of electric two wheelers, as have many other countries, particularly in the first world.

India, however, is still at a nascent stage in this segment. Nevertheless, the growth rate of the electric scooter in India looks encouraging. At the beginning of this year, an estimated 1.5 lakh electric two-wheeler bikes plied on Indian roads.

The mindset

Like most Asian nations, two-wheelers are exceedingly popular in India. It is aspirational for the youth and early jobbers while continuing to remain a convenient mode of transport in the rural hinterland. Indians are also finicky about the economy of their transportation, and two-wheeler bikes fit the bill perfectly. Bikes are also high on the style quotient and costs next to nothing when bought with a two wheeler loan. Just check your monthly installments value using two wheeler loan EMI calculator and bring home your new ride.

Electric two-wheeler bikes presently form only a small section of this market. However, its sales have been increasing rapidly, with the numbers doubling between 2017 and 2018. Apart from the usual highlights of bikes, an electric two-wheeler also boasts of being eco-friendly. This boosts its growth prospects, particularly in the urban market.

Projections

The growth projections of electric two-wheeler bikes in India are quite positive. Last year, 16.4% of all electric vehicles sold in India were two-wheeler bikes. Notably, three-wheeler vehicles are the most popular in India’s electric vehicle industry. The government is pushing towards exponential growth in the sale of electric two-wheeler bikes in the years to come. It plans to introduce 28 million electric vehicles on Indian roads by 2030. Niti Aayog estimates that electric two-wheeler bikes will occupy 80% of the market by the same year.

The vision of a cleaner environment and a sustainable future is the obvious merit of electric vehicles. Adding to it are better vehicle efficiency, battery performance, preventive maintenance and low running cost that bike makers are improving upon.

Buoyed by these developments, the electric two-wheeler vehicle segment is expected to be a $200 million market by 2023. Between 2019-2025, the electric two-wheeler market in India is expected to maintain a compounded annual growth rate of 44%. This could mean a reasonable number of electric scooter in India in less than a decade!

Availability

Among the prominent players, two-wheeler giant Hero manufactures electric two-wheeler vehicles under its brand, Hero Electric. Ather, Ampere, Revolt, Okinawa are also active electric two-wheeler makers, bidding to come up with the best electric scooty in India and the flashiest e-bikes too.

Generally, the electric two-wheeler bikes available in India offer a range of 50-150 kilometers for 4-5 hours of charging time. These two-wheeler vehicles offer a top speed of 70-100 km/hour.

These vehicles are, therefore, a sound alternative to conventional two-wheeler bikes. With two wheeler loan, scooting around town without leaving a carbon footprint is no longer a distant dream.