Households combine items, such as a vehicle and home fittings, which a single green loan may not cover. The table shows one such basket.
| Sample green purchase | Cost (Rs.) |
|---|
| Electric scooter, on-road | 1,05,000 |
| Low-flow taps and a dual-flush cistern | 18,000 |
| Home charging point and wiring | 12,000 |
| Total | 1,35,000 |
Last updated: 26th October, 2026
Prices differ by model and city, and some states offer subsidies on electric vehicles and rooftop solar. Check the current subsidy before you settle the amount you need to borrow.
Tushar's electric scooter and fittings
Tushar is 33, a salaried bank branch operations officer in Thrissur, who takes home Rs. 69,000 and holds a CIBIL score of 757. The basket above is his. No lender near him offered a green loan that covered both the scooter and the home fittings. So he borrowed Rs. 1.35 lakh at an illustrative 15% per annum and checked the EMI at 24 and 36 months.
EMI = P × R × (1 + R)^N ÷ [(1 + R)^N − 1]. Here P = Rs. 1,35,000, R = 15 ÷ 1,200 and N = months.
| Tenure | Monthly EMI (Rs.) | Total interest (Rs.) | EMI as share of salary (%) |
|---|
| 24 months (2 years) | 6,546 | 22,097 | 9.5 |
| 36 months (3 years) | 4,680 | 33,473 | 6.8 |
Last updated: 26th October, 2026
At 36 months he would pay Rs. 1,866 less each month but Rs. 11,376 more interest. Processing can cost up to Rs. 5,576. Tushar chose 24 months, as the fuel saving on the scooter covers over a third of the EMI.
What can delay approval: a CIBIL score below 650 or existing EMIs that take up a large share of your income. Names or addresses that do not match across documents, and more than one loan application in the same month, can also slow it down.
Can't find a green loan for your purchase? With a Bajaj Finance Personal Loan, you can borrow Rs. Rs. 40,000 to Rs. Rs. 75 lakh, subject to eligibility. Check your loan offer with your phone number and a one-time password (OTP) → apply online → receive funds within 24 hours* of approval.
