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Lenovo Laptops and Prices You Need to Know in 2024

Knowing the system specifications of the top Lenovo laptops and prices can help you choose the best model. This is because Lenovo offers a range of laptop devices that have variable processing power. For example, a Chromebook or ThinkPad may be ideal for studies and work but Legion is better for gaming.

With the latest variants available in the market, a quick comparison allows you to choose the best one. Read on to know the tech specs of top-rated Lenovo laptops and prices before buying.

ThinkPad X1 Yoga Gen 8

This powerful and lightweight device allows you to work from anywhere. With its 360-degree hinge, you can easily use it as a tablet for a better user experience. Here are its system specifications.

Features	Specifications
Operating System	Supports Windows 11 Pro and Linux
Processor	Intel vPro®, an Intel® Evo™ Design with 13th Gen Intel® Core™ i7 processor
Display	35.56cm display with 1920 x 1200 resolution
Size	1.54cm x 31.44cm x 22.22cm weighing 1.38kg
Memory	64GB LPDDR5
Storage	Up to 2TB
Graphics	Supports Intel® Iris® Xe
Battery	57 Whr battery with 65W or higher adapter
Price	₹2,14,990

Lenovo LOQ 12th Gen

Having a vivid display and powerful processor, this model is best suited for gaming. But it is not limited to that. Its inbuilt cooling mechanism makes it compatible with other heavy-load work such as editing. Here is this Lenovo company laptop’s price and features.

Features	Specifications
Operating System	Supports Windows 11 Pro
Processor	Intel® Core™ i5-12450HX
Display	15.6-inch FHD display with 1920 x 1080 resolution
Size	2.39cm x 35.98cm x 25.87cm weighing 2.38kg
Memory	Up to 16GB
Storage	Up to 1TB
Graphics	NVIDIA® GeForce RTX™
Battery	60 Whr battery with Super Rapid Charge Pro
Price	₹54,207

Legion Pro 5 Gen 8

Legion series laptops by Lenovo are designed for gaming and supported by HDR screens with high colour accuracy. Its long-lasting battery adds to your gaming experience. Here are its tech specs.

Features	Specifications
Operating System	Supports Windows 11 Pro
Processor	AMD Ryzen™ 7 7745HX
Display	40.64cm display with 2560 x 1600 resolution
Size	2.67cm x 36.32cm x 26.03cm weighing 2.5kg
Memory	Up to 32GB
Storage	Up to 2TB
Graphics	NVIDIA® GeForce RTX™ 4070
Battery	80 Whr battery with Super Rapid Charge Pro
Price	₹1,63,894

Also Read: How To Get Loan For A Laptop Online

ThinkPad E16

If you’re looking for the best laptop for students and working professionals, then this option is the best. Its dTPM 2.0 secure chip keeps your data secure, which is important if you have this durable and easy-to-carry device on the go.

Features	Specifications
Operating System	Supports Windows 11 Pro
Processor	13th Gen Intel® Core™ i7
Display	40.6 4cm display with 2560 x 1600 resolution
Size	1.95cm x 35.58cm x 24.76cm weighing 1.76kg
Memory	Up to 40GB
Storage	Up to 1TB
Graphics	Supports NVIDIA® GeForce® MX550 graphics
Battery	57 Whr battery
Price	₹49,991

IdeaPad Slim 5i 13th Gen

This compact but powerful laptop allows you to multitask from anywhere, allowing you to be productive around the clock. This is best suited for students and professionals. Here are the features and prices of this device.

Features	Specifications
Operating System	Supports Windows 11 Home
Processor	13th Gen Intel® Core™ i7
Display	35.56cm display with 1920 x 1200 resolution
Size	31.19cm x 22.09cm x 1.67cm weighing 1.38kg
Memory	Up to 14GB
Storage	Up to 1TB
Graphics	Intel® integrated graphics
Battery	Up to 15 hours of video playback
Price	₹61,990

IdeaPad Duet 3 Chromebook

If you’re looking for a two-in-one tablet and laptop, then Chromebook is a smart option. It is a convertible device with an attached keyboard and supports a stylus pen, allowing you to stay creative. With the affordable Lenovo company laptop’s price, this device is one of the best options.

Features	Specifications
Operating System	Supports Chrome OS
Processor	Qualcomm Snapdragon® 7c Gen 2 Compute Platform
Display	11.0 inches 2K LCD
Size	25.804cm x 16.45cm x 0.79cm weighing 516.5g
Memory	Up to 8GB
Storage	Up to 256GB
Graphics	Integrated
Battery	10 hours battery life with 45W or higher adapter
Price	₹32,990

Note that the aforementioned prices are subject to change at the discretion of the company. Check the rates from the company’s website before proceeding to buy the laptop.

Choosing from any of these options depends on which feature is your priority when you are buying a laptop. Similarly, when opting for a loan to finance your purchase, choosing a lender offering affordable terms is ideal.

FAQs on Lenovo Laptop

What are the series of Lenovo laptops?

You can choose from the following laptops:

ThinkPad
ThinkBook
IdeaPad
Yoga
Legion
LOQ Gaming

All these series have a variety of models and you can choose one based on the price of Lenovo laptops.

How much does a Lenovo laptop cost?

With the Lenovo laptop starting price of ₹26,261, you can get a device of up to ₹2.5 lakhs.

Is Lenovo a good laptop?

Yes, Lenovo has many great options for gaming, work, study and more.

Know About Advance Tax: Calculation and Due Dates

Advance income tax, also known as ‘pay as you earn’, is when you pay your tax liabilities in the same year. However, you don’t pay in lump sum but rather in instalments. You can easily pay the tax online through the official website of the Income Tax Department.

Additionally, there are certain terms and conditions on who is liable to pay advance tax and how it is calculated. Read on to learn more.

Who Should Pay Advance Tax

You must pay advance income tax in case you fall under any of the following:

Salaried Individual, Freelancer or Business Owner: You need to pay advance tax if you fall under these categories, and your total tax liability for the year amounts to ₹10,000 or more.
Senior Citizens: You enjoy an exemption in case you are a senior citizen above the age of 60 and are not engaged in business. However, if you earn an income from a business, you need to pay the tax.
Presumptive Income for Business: If you opt for the presumptive taxation scheme under Section 44AD, you are liable to pay the tax in advance.
Presumptive Income for Professionals: If you are an independent professional like a doctor, lawyer or architect, you fall under the presumptive scheme u/s 44ADA, and need to pay advance tax.

Dates for Payment of Advance Tax

Being aware of the due dates is essential to steer clear of late payment penalties and other consequences. Refer to the following table for the due dates for FY 2024-25:

Due Date	Advance Tax Payment Percentage
On or before 15th June	15% of advance tax
On or before 15th September	45% of advance tax (-) advance tax already paid
On or before 15th December	75% of advance tax (-) advance tax already paid
On or before 15th March	100% of advance tax (-) advance tax already paid
On or before 15th March	100% of advance tax (Presumptive Taxation Scheme u/s 44AD and 44ADA – business and professional income)

Also Read: What Is Self-Assessment Tax?

Calculation of Advance Tax

If you are wondering how advance tax is calculated, follow these simple steps to compute the tax outgo:

Step 1: Start by calculating your annual earnings for the year, with sources such as:
- Capital gains
- Interest income
- Rental income
- Professional income
Step 2: Calculate your gross taxable income for the year by adding your salary
Step 3: From the gross receipts, reduce various deductions that apply based on the regime you choose
Step 4: Determine the amount of tax payable based on the current applicable income tax rates
Step 5: Subtract any Tax Deducted at Source (TDS) already deducted or expected to be deducted based on the applicable tax rates
Step 6: If your tax liability after deducting TDS exceeds ₹10,000, it will be your advance tax amount and you must follow the guidelines to pay it

Process to Pay Advance Tax Online

Follow these simple steps to make the payment after advance tax computation:

Step 1: Go to the e-filing portal of the Income Tax Department
Step 2: Navigate to the ‘Quick Links’ section and click on ‘e-Pay Tax’
Step 3: Provide your PAN, re-enter for verification, enter your contact number, and click ‘Continue’
Step 4: Type in the 6-digit OTP received on your number and click on ‘Continue’
Step 5: Select the ‘Income Tax’ box and click on ‘Proceed’
Step 6: Choose the ‘Assessment Year’ as 2025-26 and then select ‘Type of Payment’ as ‘Advance Tax (100)’ and click on ‘Continue’
Step 7: Enter all your tax details
Step 8: Choose the payment mode and the bank and click ‘Continue’
Step 9: Check the challan details and click on ‘Pay Now’
Step 10: You will get an acknowledgement on the screen after the payment

Also Read: Taxable Income Slabs for FY 2024-25

Late Payment Interest on Advance Tax

Here is the interest calculation on advance tax in case of delayed or no payments:

Non-payment Attracts Interest Under 234B

As per Section 234B, you need to pay a minimum of 90% of the total tax obligation as advance tax or TDS/TCS by 31st March. If you fail to pay the tax, an interest of 1% will apply on the unpaid amount.

Delayed Payment Attracts Interest Under 234C

Particulars	Rate of Interest	Period of Interest	Amount on which interest is calculated
If Advance Tax paid by 15th June is less than 15%	1% per month	3 months	15% of Amount* (-) tax paid before June 15
If Advance Tax paid by 15th September is less than 45%	1% per month	3 months	45% of Amount* (-) tax paid before September 15
If Advance Tax paid by 15th December is less than 75%	1% per month	3 months	75% of Amount* (-) tax paid before December 15
If Advance Tax paid by 15th March is less than 100%	1% per month	1 month	100% of Amount* (-) tax paid before March 15

With this information in hand, you can easily pay your taxes on time and avoid the penalties associated with late payments. In case you need financial assistance for any planned or unforeseen expenses, consider getting an Instant Cashl Loan from Fibe. Get the required funding at pocket-friendly interest rates and minimal formalities.

Install the Instant Loan App to get up to ₹5 lakhs instantly, or apply via the website without any hassles.

FAQs on Advance Tax

How is interest calculated on advance tax?

The interest rate of advance tax is applicable at 1% per month in case of delayed or no payments. The amount on which interest is calculated depends on the dues.

What is meant by advance tax?

It is when you clear your tax liabilities during the year in which you incur it. You pay it only if your estimated tax is more than ₹10,000.

How to calculate 234B and 234C interest?

The interest rate for both is 1% per month but 234B is applicable when you don’t pay the advance tax even after the financial year ends. 234C is applicable when you don’t pay the advance tax on time during the financial year.

What is the advance tax calculation period?

The advance tax computation period is the financial year for which you will file the return.

How to Finance a Mobile Phone in India

Looking for the most popular phone in India? With new models dropping every other week, it can get confusing. Some come packed with features, others offer great value for the price. But at the end of the day, it’s not just about specs, it’s about finding the one that fits your needs and your budget.

That’s where financing options come in. Whether it’s a shopping loan, a personal loan or an EMI plan, you can now buy the most selling phone in India. The best part? You don’t have to pay for it all at once. So, read on to explore the top-selling phones and the simplest ways to finance them.

Most Selling Phone in India

The most selling phone in India isn’t just about the brand name or design. It’s about value, features and performance at the right price. With the rise of 5G and better chipsets, budget and mid-range phones are leading the sales charts.

Here are some of the current best sellers:

Vivo Y28s 5G: Popular for its price tag of ₹13,999, it offers 5G, a 90Hz LCD screen and strong battery life.
Xiaomi 14 Civi: A ₹42,999 powerhouse with a Leica 50MP camera, AMOLED display and Snapdragon 8s Gen 3 for performance.
Samsung Galaxy M35 5G: Known for its 6,000mAh battery, AMOLED screen and 7 years of software updates.
iQOO Z9x 5G: A budget gamer’s choice with a Snapdragon 6 Gen 1 and massive battery backup.
Poco F7 Ultra: High-speed flagship at ₹29,999 with a Snapdragon 8 Gen 3 and 90W fast charging.

Each of these phones is trending and offers strong performance for students, professionals and gamers.

What Does It Mean to Finance a Mobile Phone?

Financing a mobile phone means you don’t have to clear the entire amount at once. Instead, you break the total cost into smaller, easier monthly payments. This can be done through EMIs, shopping loans or other credit options. It makes buying your dream phone much easier on the pocket.

Top Ways to Finance a Mobile Phone in India

Instead of paying the full amount upfront, you can break down the cost with these financing options:

Credit Card EMI: Most major banks offer no-cost or low-cost EMI plans for phones bought online or in-store.
Shopping Loan: Quick approval loans from finance platforms let you buy your favourite phone and repay monthly.
Buy Now, Pay Later (BNPL): Split your phone bill into smaller payments without immediate interest.
Personal Loan: For higher-end models or bundled purchases, a short-term personal loan gives you more flexibility.

Each option comes with its own terms. Choose one that works best for your repayment comfort and credit profile.

Why Financing a Mobile Phone Makes Sense?

Financing helps you get the phone you want without waiting. You can keep your savings intact and still upgrade when needed. It also gives you the freedom to pick better models without stressing about full payment.

Steps to Get a Mobile Phone on Finance

Step 1: Choose your preferred phone and check its price

Step 2: Look for a financing option that suits you

Step 3: Submit basic documents like ID and address proof

Step 4: Once approved, the loan or EMI plan gets activated

Step 5: Pay monthly instalments as per your chosen tenure

It’s that easy. And with plenty of lending options out there, choosing one with a hassle-free process can make all the difference. That’s where Fibe comes in. With Fibe’s Instant Cash Loan, you can borrow up to ₹5 lakhs with tenures ranging from 6 to 36 months. The amount gets credited directly to your bank account in just 2 minutes! No long waits. No repeated paperwork. Download the Fibe App now to buy your dream phone without the wait!

FAQs on Best Selling Phones in India

Which phone is the most selling in India?

The highest-selling smartphones in India are Vivo phones, with 20% of the market share.

How to Check EPFO Pension Status? Know the easy steps

Tracking your EPFO pension status gives you peace of mind as it allows you to know your savings for retirement. Provided by the Employees’ Provident Fund Organisation (EPFO), this pension scheme was launched in 1995 by the Government of India.

Since then, it has provided Indians with financial security post-retirement, which makes it a popular option. It is important to keep track of your total accumulated pension to maintain your lifestyle during your golden years.

Read on to learn the steps to check your employee’s provident fund pension status online using a PPO number.

How to Check Pension Status?

Thanks to the digital process, checking EPFO pension status is quick and easy through the EPFO website. The online option eliminates the need to go to any government office. This is especially beneficial for a retired individual. To check your status online, you need the following details:

PF number
PPO number
Office ID
Bank account details

Once you have these details, checking the pension amount in your EPFO account is easy. Just follow the steps outlined below:

Step 1: Visit the official EPFO Portal
Step 2: Click on the ‘Pensioner’s Portal’ button under the ‘Online Services’ section
Step 3: Click on the ‘Know your Pension Status’ option from the menu on the right side
Step 4: Select ‘Issued Office’ from the drop-down menu
Step 5: Check the ‘Office ID’ and enter your PPO number
Step 6: Enter your (pensioner’s) birth date and the captcha
Step 7: Click on ‘Submit’ and check the status

Also Read: Provident Fund Transfer Online

What is a PPO Number?

Whether it is to check your employee’s provident fund pension status or filing for grievances, this 12-digit number is crucial. Here is what it signifies:

The first 5 digits are the code number of the PPO issuing authority
The following 2 digits are the year it was issued
The next 4 digits are your PPO’s sequential number
The last digit is for a digital check

Steps to Find Pension Payment Order (PPO) Number

If you don’t have your PPO number, you cannot know your EPS 95 pension status through the EPD portal. However, there is an option to get your PPO number using your bank account number or member ID. Follow these steps for the same:

Step 1: Go to the EPFO’s official website
Step 2: Select the ‘Pensioner’s Portal’ option from the ‘Online Services’ menu
Step 3: Click on ‘Knows your PPO No.’ from the right-hand menu
Step 4: Select from ‘Bank Acc.No. Search’ or ‘Mem. ID Search’ option
Step 5: Enter the account number or ID details in the given dialogue box
Step 6: Submit the details to get the number

After that, you can check your PPO pension status with the above steps.

With such easy access, you can enjoy a secure financial future and plan for a comfortable retirement. However, if you are looking for a quick option to meet your current urgent financial requirement, you can get an Instant Cash Loan from Fibe.

You can get up to ₹5 lakhs with no end-use restriction. We make borrowing convenient with easy-to-meet eligibility criteria and nominal paperwork. You can comfortably repay with flexible tenure options of up to 36 months and competitive interest rates.

This way, you can easily, quickly, and affordably meet your planned or unplanned needs. You can also opt for foreclosure without any additional charges anytime you have funds available. To get started, download our Personal Loan App or visit our website and apply!

FAQs on How to Check Pension Status

How do I check my monthly pension status?

Pension holders under the Employees’ Pension Scheme of 1995 can get any information regarding it on the official EPFO website.

How to check pension status by Aadhaar number?

It is not possible to directly check your pension status using an Aadhaar card. However, you can use your Aadhaar number to get your PPO number through DigiLocker. Ensure that your accounts are linked to access them through DigiLocker. Once you have the PPO number, you can check the status of your pension.

How to check EPFO pension balance?

To check your pension balance online, follow these easy steps:

Go to the official EPFO portal
Navigate to the ‘Online Services’ section
Go to the ‘Pensioner’s Portal’
Choose ‘Know Your Pension Status’
Select the ‘Issued ID’, and enter your PPO number and birth date
Enter the captcha and submit it

How to check AP pension status?

Residents of Andhra Pradesh can check their pension status by selecting the issued office from the drop-down menu on Pensioners’ Portal. After entering the PPO number, birth date and captcha and submitting it, you will get your pension status.

How to Download Masked Aadhaar in 2026?

A masked Aadhaar card is an alternative version of your regular Aadhaar card, which provides better security and privacy. Since an Aadhaar card is an important document linked to your identity verification, keeping it secure is crucial.

Whether verifying your identity or for the KYC process, several institutions will ask for your Aadhaar card. Since all your crucial information is printed on it, the risks of misuse are high. If it reaches the wrong hands, the breach of data can lead to financial loss and more.

Read on to know how to get a masked Aadhaar card and keep your details secure.

What is Masked Aadhaar?

This document ensures that your entire UIDAI number is not disclosed to anyone. While a regular Aadhaar has all the 12 digits printed on it, the masked option only has the last 4 digits.

For example, if your Aadhaar number is 5796-8436-9421, then the masked Aadhaar card sample will show xxxx-xxxx-9421. This makes it easy to verify your identity without giving away the complete information.

Also Read: How to apply for a new Aadhaar card

Difference Between Regular and Masked Aadhaar

Here are some of the key features of a masked vs a regular Aadhaar card.

Regular Aadhaar Card	Masked Aadhaar Card
All 12 digits are visible	‘xxxx-xxxx’ replaces the first 8 digits and only 4 digits are visible
All your details are accessible to anyone with a copy of your Aadhaar card, making it easy for unauthorised usage	People with a copy of your Aadhaar card can’t use your details
Higher risk of security breach and identity theft	Lower risk of information misuse
Easy access via the UIDAI	Can generate it without any charges on the UIDAI website
Acceptable everywhere for identity verification	Acceptable at non-governmental establishments that ask for verification, such as hotels, clubs, public libraries, etc.

Steps to Download a Masked Aadhaar Card

Here is a step-by-step guide to download this document online:

Step 1: Visit the official UIDAI website
Step 2: Select a preferred language
Step 3: Click the ‘Download Aadhaar’ under the ‘Get Aadhaar’ section
Step 4: Click on the ‘Aadhaar Number’ button
Step 5: Enter the 12-digit Aadhaar number and captcha code visible on the screen
Step 6: Click on the ‘Send OTP’ option
Step 7: Enter the OTP received on the mobile number registered with your Aadhaar
Step 8: Check the dialogue box ‘Do you want to download masked Aadhaar?’
Step 9: Click on ‘Download’

After that, a password-protected PDF file will be available on your device. The password for masked Aadhaar is the first four letters of your name in uppercase, followed by your birth year. For example, if your name is Rahul and you were born in 1980, your password will be RAHU1980.

Why Opt for a Masked Aadhaar Card?

If unauthorised individuals get hold of your Aadhaar number and other information, they can use it to impersonate you. It’s connected to your PAN card, allowing them to finalise the KYC procedure. In this manner, they could utilise it for unauthorised financial transactions.

This includes asking for a loan or credit card or opening a bank account. Since linking your Aadhaar card to your bank account is mandatory, fraudsters could potentially gain unauthorised entry to your bank accounts too. Therefore, it is recommended to use a masked Aadhaar card, wherever possible, and reduce the risk of being exposed.

Knowing all these benefits, you can easily use a UIDAI masked Aadhaar card when applying for any credit card or loan or any other purpose. Another way you can protect your identity and personal information from being misused is to apply for such financial products online.

With the Fibe Instant Cash Loan, you can effortlessly apply to get funds for any planned or emergency funds requirement. Our ISO/IEC 27001 Certification and PCI DSS App-based journey make loan applications secure.

We offer up to ₹5 lakhs loan, best for your eligibility, with a comfortable repayment tenure and affordable interest rate. Enjoy a customised loan offer with minimum documentation and a paperless process. Download the Fibe Personal Loan App from the Google Play Store or App Store or go to our website to apply now!

FAQs on Masked Aadhaar Card

What is the use of a masked Aadhaar card?

Its main purpose is to prevent misuse of your Aadhaar number to fake your identity.

Where can I get a masked Aadhaar?

You can download your UIDAI masked Aadhaar from the Unique Identification Authority of India’s official website.

Is Masked Aadhaar valid in hotels?

Yes! In fact, it is designed to protect you in unlicensed locations that ask for identity verification. This includes hotels, motels, pubs, bars, cinema halls, etc.

Is masked Aadhaar valid?

Since you can generate it only from the official UIDAI website, it is valid for use in place of your regular card.

E Aadhaar Password Format
What is Aadhaar Pvc Card	How to Link Mobile Number to Aadhar Card
How to Link Aadhar to Ration Card	Aadhaar Card Benefits
How to Apply for Aadhar Card Online	How to Link Aadhaar Card with Pan Card
How to Link Aadhar with Bank Account	Check Aadhaar Card Status Online

What is CASA in Banking? Full Form, Meaning, Features & Benefits

CASA in banking stands for Current Account Savings Account. It refers to the deposits banks receive through current accounts and savings accounts. In simple terms, CASA helps banks get low-cost funds, while customers get easy access to money for daily transactions, deposits and withdrawals.

If you are wondering what is CASA, it is not a separate account in every case. Instead, banks use the term CASA to describe the combined pool of money held in current and savings accounts. Understanding what is CASA account, its features and what is CASA ratio in banking can help you know how banks manage liquidity and offer financial services.

What is CASA in Banking?

CASA full form in banking is Current Account Savings Account. A CASA account combines the convenience of a savings account and a current account. A savings account is generally used by individuals to park money safely, earn interest and manage regular transactions. A current account, on the other hand, is mostly used by businesses, professionals and merchants who need frequent deposits, withdrawals, cheque payments and high-volume transactions.

In banking terms, CASA deposits are considered demand deposits because customers can withdraw funds when needed. Unlike fixed deposits, these accounts do not come with a fixed lock-in or maturity period.

This is why CASA in Banking – Full Form, Features, and Benefits Explained is important for both customers and banks. Customers get liquidity and convenience, while banks get access to a steady source of funds at a relatively lower cost.

How Does CASA Work?

A CASA works like a regular savings or current account, depending on the account type offered by the bank. You can deposit money, withdraw funds, transfer money, use debit cards, issue cheques and access digital banking services.

Here’s how it works:

Access channels

You can access CASA funds through ATMs, debit cards, UPI, net banking, mobile banking, cheque books, branch banking and electronic fund transfers such as NEFT, RTGS or IMPS.

Minimum balance requirement

Banks may ask customers to maintain a minimum average balance. This amount differs based on the bank, account type, location and customer category. Some salary or basic savings accounts may have zero-balance benefits.

How banks use CASA money

Banks use CASA deposits as part of their funding base. Since current accounts usually offer no interest and savings accounts offer relatively lower interest than fixed deposits, CASA helps banks reduce their cost of funds. Banks may then use these funds, after meeting regulatory requirements, for lending and investment activities.

No fixed maturity

CASA accounts do not expire like fixed deposits. You can keep them active as long as you meet the bank’s account terms.

Better liquidity for customers

You can withdraw or transfer money whenever required, making CASA suitable for day-to-day banking.

Features of CASA Account

A CASA account comes with multiple features that make it useful for individuals, businesses and banks.

Feature	What it Means
Low interest on deposits	Savings accounts offer interest, but usually lower than fixed deposits. Current accounts may not offer interest.
Easy access to money	Customers can withdraw, transfer or spend funds as needed.
High transaction volume	Current accounts allow frequent business transactions.
Minimum balance requirement	Banks may require customers to maintain a specified balance.
Digital banking access	CASA accounts usually offer mobile banking, net banking, UPI and ATM access.
Debit card and cheque facility	Customers can use debit cards and cheque books for payments.
No fixed maturity	Funds remain accessible without a lock-in period.

For example, a salaried person may use a savings account to receive salary, pay bills and earn interest. A business owner may use a current account to make vendor payments, receive customer payments and manage daily cash flow.

CASA Ratio and Its Calculation

The Current Account Savings Account ratio, or CASA ratio in banking, shows how much of a bank’s total deposits come from current and savings accounts. It is an important indicator of a bank’s funding strength.

A higher CASA ratio generally means the bank has more low-cost deposits. This can help the bank manage its lending costs better and improve profitability.

CASA Ratio Formula

CASA Ratio = CASA Deposits / Total Deposits × 100

Numerical Example

Suppose a bank has:

Deposit Type	Amount
Current account deposits	₹2,000 crore
Savings account deposits	₹3,000 crore
Total deposits	₹10,000 crore

CASA deposits = ₹2,000 crore + ₹3,000 crore = ₹5,000 crore

CASA Ratio = ₹5,000 crore / ₹10,000 crore × 100 = 50%

This means 50% of the bank’s total deposits come from current and savings accounts.

Benefits of CASA

CASA is useful for both banks and customers. Here’s how:

Benefits for Banks

1. Low-cost source of funds

CASA deposits usually cost banks less than fixed deposits because current accounts may not pay interest and savings accounts generally offer lower interest.

2. Better profitability

When the cost of funds is lower, banks may improve their net interest margin, which is the difference between what they earn on loans and what they pay on deposits.

3. Stable liquidity

CASA deposits help banks maintain a steady pool of funds for day-to-day operations, lending and investments.

4. Stronger customer relationships

Customers who use savings or current accounts regularly often engage with more banking products, such as loans, cards, insurance and investments.

5. Financial health indicator

A healthy casa ratio in banking shows that the bank has access to a good share of low-cost deposits.

Benefits for Customers

1. Easy money management

Customers can deposit, withdraw and transfer funds conveniently.

2. Interest on savings

Savings account holders can earn interest on their balances while keeping money accessible.

3. Digital convenience

CASA accounts generally come with UPI, debit cards, net banking and mobile banking.

4. Useful for personal and business needs

Savings accounts suit individuals, while current accounts help businesses manage frequent transactions.

5. No lock-in period

Unlike fixed deposits, CASA funds are available whenever required.

Difference Between Current Account and Savings Account in CASA

Basis	Current Account	Savings Account
Best suited for	Businesses, professionals and firms	Individuals and salaried customers
Purpose	Frequent business transactions	Saving money and regular personal banking
Interest	Usually no interest	Interest is generally offered
Transaction volume	High	Moderate
Minimum balance	Usually higher	Usually lower than current account
Cheque facility	Commonly available	Usually available
Use cases	Vendor payments, business receipts	Salary credit, bill payments, savings

In short, a current account supports high-volume business transactions, while a savings account helps individuals save and manage everyday money needs.

Things to Check Before Opening a CASA Account

Before opening a CASA account, compare these points:

Minimum balance requirement

Interest rate on savings balance

Debit card charges

ATM withdrawal limits

Cheque book charges

Digital banking access

Transaction limits

Penalties for non-maintenance of balance

Customer support and branch access

For example, if you are a freelancer, you may need an account with easy digital transfers and low charges. If you run a business, a current account with higher transaction limits may be more suitable.

Conclusion

CASA plays an important role in banking because it gives customers easy access to money and gives banks a low-cost source of deposits. By understanding what is casa ratio in banking, customers can also get a clearer idea of how banks measure deposit strength and funding efficiency.

While CASA helps you manage daily banking needs, planned or urgent expenses may require additional funds. In such cases, you can consider an instant personal loan from Fibe. With Fibe, eligible users can get financing of up to ₹10 lakhs with flexible repayment tenure of up to 36 months. You can apply online through the Fibe Personal Loan App and get quick processing with hassle-free disbursal.

FAQs on CASA in Banking

What is the work of CASA in banks?

CASA helps banks collect deposits through current and savings accounts. These deposits act as a low-cost source of funds and help banks manage liquidity, lending and customer relationships.

What is a CASA transaction?

A CASA transaction is any activity carried out through a current or savings account. This may include deposits, withdrawals, fund transfers, cheque payments, UPI transactions, ATM withdrawals or debit card payments.

What is CASA used for?

CASA is used for everyday banking. Individuals use savings accounts for salary, savings and payments, while businesses use current accounts for high-volume transactions and cash flow management.

What is the CASA full form in banking?

CASA full form in banking is Current Account Savings Account.

What is a good CASA ratio for a bank in India?

There is no single ideal CASA ratio for every bank. However, a higher CASA ratio is generally considered better because it shows that a larger share of deposits comes from low-cost current and savings accounts.

What is the minimum balance required for a CASA account?

The minimum balance depends on the bank, account type and location. Some accounts may require a monthly or quarterly average balance, while certain salary or basic savings accounts may offer zero-balance facilities.

Is a salary account a CASA account?

Yes, a salary account is generally a type of savings account. Since savings accounts are part of CASA deposits, a salary account can be considered part of CASA in banking.

Check Mobile Finance Offers for Indian Smartphone Brands

Many people look for value, performance, and trust when buying a smartphone. That’s exactly what an Indian phone company offers. Even before the ‘Make in India’ initiative, Indian smartphone brands were making affordable, feature-rich phones.

Today, the Indian mobile market is bigger than ever, with options for every budget. Read on to explore the top 10 Indian mobile brands, their unique features, and the latest finance options for Indian mobile brands to make your next smartphone purchase more affordable.

Understanding Smartphone Financing

Smartphone financing simply means buying your phone without paying the entire amount upfront. Instead, you split the total cost into smaller, easy-to-manage payments.

Here are the most common ways people finance their phones today:

EMIs (Equated Monthly Instalments): Convert your purchase amount into monthly instalments through your debit or credit card.

BNPL (Buy Now Pay Later): Pay a small portion now and the rest later. Many fintech apps offer BNPL for smartphone purchases.

Personal Loans: Get quick, unsecured personal loans from finance apps or banks to buy a phone of your choice.

These smartphone financing India options help you get your dream phone without financial stress. You can easily do a mobile finance check online to explore what works best for you.

List of Best Indian Mobile Companies

Here’s a list of top Indian smartphone brands that produce and retail phones within India:

Celkon Mobiles

Started in 2009 in Telangana, Celkon was one of the first mobile makers in South India. They offer smartphones starting from ₹5,999 and also deal in tablets, laptops, smart TVs and more.

Options for consumers to purchase smartphones on EMI

Available through leading e-commerce websites like Amazon and Flipkart

Mobile finance check online options on major fintech apps to get pre-qualified offers

Tie-ups with local retailers for easy mobile finance check and instant approvals

i-Ball

Launched in 2001, i-Ball has over 100 million users. Known for mobiles, tech accessories and PC products, they have 1 lakh+ active retailers across India.

Intex Technologies

Intex was founded in 1996. It is one of India’s largest electronics manufacturers offering affordable phones like Aqua Note and Indie 5, most priced under ₹10,000.

Financing facilities for budget-friendly models

Partnerships with NBFCs and digital lenders offering finance deals on Indian smartphones

EMI options via debit/credit cards and consumer loan platforms

Customers can perform a mobile finance check online before applying

Karbonn Mobile

Operating since 2009, Karbonn focuses on making smartphones more accessible. Models include K9 Smart Plus, Aura Power 4G and Titanium S9 Plus.

Availability of no-cost EMI and other financing plans

No-cost EMI options available on major online marketplaces

Indian mobile brands finance plans through banking partners and fintech platforms

Zero down payment schemes on select models

LAVA International Ltd.

A popular Indian mobile company with global reach, LAVA works with over 1.65 lakh retailers and 800+ service centres. Top models include LAVA Blaze 5G, Agni 2 and YUVA.

Financing options available for Lava smartphones

EMI and credit card finance options available online and in stores.

Mobile finance check online through lender platforms.

Partnership with financial institutions or platforms

Collaborations with Fibe, Bajaj Finserv, and Home Credit for Indian mobile brand financing options 2025.

Tie-ups with digital lenders for instant approvals and low interest rates.

LYF – Reliance Retail

A Reliance-owned brand offering affordable 4G and 5G smartphones. Popular models include LYF Water 7S and Earth 2.

Micromax Informatics

A well-known Indian phone company offering smartphones, earbuds and LED TVs, focusing on budget-friendly options.

EMI schemes and collaborations with banks or fintech companies

Easy EMIs available on most Micromax phones

Finance deals on Indian smartphones through apps like Fibe and Bajaj Finserv

Tie-ups with major banks for instant mobile finance check and quick disbursals

Spice Telecom

Known for the Spice Stellar series, offering affordable smartphones with good customer service.

Xolo Phones

A sub-brand of LAVA, Xolo started in 2012 and introduced India’s first 4G smartphone. Now offering newer 5G-enabled models.

10. YU Televentures

A joint venture between Micromax and Cyngn, known for Yu Yureka Plus, Yu Ace and more — available online in multiple price ranges.

Popular Financing Platforms for Indian Smartphones

Let’s look at some of the best Indian mobile brand financing options 2025 that make owning a new phone easier than ever.

Fibe

Overview of Fibe’s instant personal loan offerings for smartphone purchases

Quick approval and disbursal for smartphone loans

Simple eligibility check and paperless process

Ideal for customers who want to buy any Indian mobile brand

Benefits of using Fibe for financing Indian mobile brands

Zero joining and annual fees with the Fibe Axis Bank Credit Card

3% cashback on food, entertainment and commute

Rewards on shopping, travel and utility spends

Option to perform mobile finance check online before applying

Bajaj Finserv

EMI Network Card and its applicability for purchasing smartphones

Wide acceptance across top mobile stores and e-commerce platforms

No-cost EMI and zero down payment options

Finance options for Indian mobile brands including LAVA, Micromax and Karbon

Home Credit India

Instant loan approvals and flexible repayment options

Fast approval with minimal documentation

Repayment tenures from 6 to 24 months

Ideal for customers exploring mobile finance check online before buying

ZestMoney

No-cost EMI and zero down payment schemes for mobile phones

Allows you to buy phones now and pay later, interest-free

Works with leading e-commerce and retail outlets

Indian mobile brands finance plans available for all credit profiles

How to Choose the Right Financing Option?

When exploring finance options for Indian mobile brands, keep these points in mind:

Compare interest rates and processing fees

Check your eligibility through a mobile finance check online

Consider repayment flexibility and tenure options

Choose platforms offering instant approval and minimal documentation

Benefits of Financing Your Smartphone Purchase

Opting for smartphone financing comes with several benefits:

Affordability: Spread your payment over months

Flexibility: Choose from EMIs, BNPL, or personal loans

Accessibility: Get pre-approved offers using a quick mobile finance check

Freedom of choice: Buy from any Indian mobile company without budget worries

FAQs on Indian Mobile Brands

Which is the No. 1 mobile phone company in India?

Currently, Vivo is India’s most popular smartphone brand.

Which is the largest-selling mobile brand in India?

Vivo leads as the best-selling mobile brand in India.

Which phone is most used in India?

Nearly 20% of Indians use Vivo smartphones.

Which mobile is trending now?

Some trending smartphones in India include:
OnePlus Nord 2T 5G, Vivo X Fold 3 Pro, Nothing Phone 1, POCO F4 5G, Vivo V25 Pro 5G, Xiaomi Redmi K50i, Realme 12 Pro+ 5G, Oppo Find X7 Ultra, Samsung Galaxy F13, and Samsung Galaxy Z Flip 4 5G.

Loan Deferment Explained: How It Works and Why It Matters

Do you know the meaning of deferment? In banking, it is a type of agreement that allows you to delay the payment to avoid immediate financial strain. Many loans and investment options work on this principle to help you manage cash flow.

Read on to better understand the meaning of deferred payment and why it is a great option for borrowers.

What is a Deferred Payment?

The term deferment refers to the period during which the financial institution allows you to pause your payments for a specific period. This period varies from a few months to a year, depending on the agreement between both parties.

Remember, the loan continues to incur interest as usual. This option is ideal when you need immediate funds but cannot start the repayment immediately. You can also ask for a deferral once you start the repayment but it depends on your lender.

When Can You Choose Deferred Payment

Here’s how deferment applies to different types of loans and investment options.

Car Loan

Some car loan lenders allow you to opt for deferment to delay the initial payments. This is beneficial if you want time to arrange funds for the first instalment.

Home Loans

During any financial hardships, such as job loss or illness, you can postpone monthly mortgage payments for a specific period. Since home loans can add a financial burden to your budget, this option gives you temporary relief.

Insurance

When buying an insurance pension plan, you don’t receive payment until after a while. Since the payment happens at a future date, the deferral principle applies.

Student Loans

When applying for a student loan, you don’t have to pay the EMIs until after you’ve graduated or until you get a job. This option allows you to repay the loan without relying on your parents or guardians for financial security.

Benefits of Deferred Payment

Here are some advantages of deferment that you should know about.

It gives you sufficient time to arrange funds to ensure that you don’t miss any payments in future
It lowers the stress of repayment, especially during financially challenging times
It helps you protect your credit score, as insufficient funds increase the chances of default
It allows you to buy products such as a car or a home, even if you don’t currently hold the repayment capacity
It allows you to avoid selling any valuable assets to get access to funds
It does not have any negative impact on your credit score as lenders have agreed upon such an arrangement

While the pros are many, here are some limitations that you should also know about:

The interest continues to add to your principal amount during this period
The higher principal amount and added interest can increase your tenure
The eligibility criteria are very strict to opt for a deferred period
Missing any payment in the future will damage your credit score

Knowing all its perks and drawbacks, you can opt for a loan that provides you with flexible lending terms that fit your budget. Fibe Instant Cash Loan is one such option that aims to make borrowing comfortable.

We offer instant loans of up to ₹5 lakhs with affordable interest rates. You can easily repay the loan with up to 36 months of tenure, with the option to foreclose the loan without penalties or additional charges.

In addition, enjoy a streamlined digital application process with minimum documentation, rapid approval, and quick disbursement. Download our Personal Loan App from the Google Play Store or App Store, or visit our website to get started on your application!

FAQs on Deferred Payment

What is the meaning of EMI deferment?

It is a period between the loan approval and the first EMI date pre-approved by the lender. You don’t have to pay any EMI during this period, but the loan amount continues to attract interest. This leads to an increase in the tenure and outstanding balance. You can also request a deferral after you begin the repayment.

Is loan deferment good?

Yes, if you are looking for a short-term solution to get your finances in order before making the loan repayment. However, it is important to consider that the loan will attract interest during this period. So, you need to ensure that the future payments will not strain your finances.

Can I pay my loans while in deferment?

No, you’re not allowed to make payments during this specified period.

Is deferment bad for credit?

It does not directly impact your credit score. However, if you miss your EMI after the repayment starts it can hurt your creditworthiness.

What is Grace Period for Credit Card Payment?

A credit card grace period is the interest-free time between your billing cycle end date and the payment due date. If you pay your total outstanding amount within this period, you won’t be charged any interest on your purchases. Depending on the card issuer, the grace period can range from 20 to 50 days.

For example, if your statement is generated on 1st July and the due date is 20th July, you get around 20 days to clear your dues without paying extra interest. This feature helps you manage short-term expenses smartly while improving your credit profile through timely repayments.

Understanding how the grace period works can help you avoid unnecessary finance charges, maintain a healthy credit score and maximise the benefits of your credit card.

What is Grace Period in Credit Card?

The Grace Period in a Credit Card is the time between the statement generation date and the payment due date. During this time no interest is charged on the things you buy with your Credit Card.

In other words, the Grace Period is like a window that gives you time to pay your Credit Card bill. You do not have to pay money as interest. You have to pay the total amount you owe on or before the due date to get this benefit.

Most banks, especially in India give you at least 20 to 21 days to pay without interest. Some Credit Cards give you more time like up to 45 to 50 days. This depends on when you get your bill and when you make your purchases with your Credit Card.

Example of a Credit Card Grace Period

Particulars	Example
Billing Cycle Ends	10th July
Statement Generated	11th July
Payment Due Date	20th August
Grace Period Available	Around 40 Days

So, if you made a purchase on 11th July, you could enjoy almost 40 days of interest-free credit if the bill is paid in full before 20th August.

Important: The grace period generally applies only to retail purchases and not to cash withdrawals, balance transfers or EMI conversions.

How Does the Credit Card Grace Period Work?

Here’s a step-by-step explanation of how the credit card grace period works:

You make purchases using your credit card during the billing cycle.

The billing cycle ends, and the bank generates your credit card statement.

The statement contains:

Total outstanding amount

Minimum amount due

Payment due date

From the statement date until the due date, you get an interest-free period, known as the grace period.

If you pay the total amount due, no interest is charged on eligible purchases.

If you pay only the minimum amount due, interest starts applying to the remaining balance.

Any unpaid balance gets carried forward to the next cycle and continues attracting finance charges until fully repaid.

Let’s understand it with a quick example,

Suppose:

Billing cycle: 1st to 30th April

Statement generated: 1st May

Due date: 20th May

Now:

A purchase made on 2nd April may get nearly 48–50 days of interest-free time

A purchase made on 28th April may get around 22–23 days only

This is why the transaction date within the billing cycle matters.

Benefits of the Grace Period in Credit Card

The grace period is one of the biggest advantages of using a credit card responsibly. Here are its key benefits:

1. Interest-Free Credit Facility

You can use your credit card for purchases without paying interest, provided you clear the full bill on time.

2. Better Cash Flow Management

It helps you manage monthly expenses efficiently, especially during emergencies or planned big-ticket purchases.

3. Improved Credit Score

Paying dues within the grace period demonstrates responsible credit behaviour and positively impacts your credit score.

4. Opportunity to Earn Rewards

You can continue earning:

Cashback

Reward points

Travel miles

Shopping benefits

without paying interest on purchases.

5. Convenience for Online & Offline Purchases

The grace period gives flexibility to shop now and repay later without immediate financial pressure.

6. Helps Build Financial Discipline

Regularly paying bills before the due date encourages better budgeting and repayment habits.

Also Read: Tips to Get Quick Credit Card Approval

Eligibility Criteria and Rules for Grace Period

To enjoy the grace period benefit on your credit card, you must meet certain conditions.

You are usually eligible when:

You pay the entire outstanding amount before the due date

You do not carry forward unpaid balances from previous months

Your account does not have overdue payments

You have no pending EMIs or unpaid charges on the card

Your card account remains active and in good standing

Situations Where You May Lose the Grace Period

Situation	Impact
Paying only minimum due	Interest charged on remaining balance
Missing due date	Late fee + finance charges
Carrying forward outstanding balance	Grace period may not apply on new purchases
Cash withdrawal using credit card	Interest charged immediately

Clearing all outstanding dues can help restore your eligibility for the grace period in future billing cycles.

Consequences of Failure to Pay the Bill Before the Grace Period Ends

Missing your payment deadline can lead to multiple financial consequences.

Here’s what may happen:

Late Payment Charges: Banks may levy late fees depending on the unpaid amount.

Interest Charges: Finance charges start applying on the unpaid balance and future purchases.

Loss of Interest-Free Benefit: New transactions may stop receiving a grace period until dues are cleared fully.

Higher Credit Utilisation Ratio: Unpaid balances increase your utilisation ratio, which can affect your credit score negatively.

Negative Credit Score Impact: Delayed payments are reported to credit bureaus like CIBIL, Experian and Equifax.

Debt Accumulation: Continuous rollovers can lead to compounding interest and rising debt.

Let’s suppose your outstanding bill is ₹20,000 and you pay only ₹2,000 as minimum due. The remaining ₹18,000 may attract monthly interest rates ranging between 2% to 4%, increasing your repayment burden significantly over time.

Smart Tips to Maximise Your Credit Card Grace Period

Here are some practical ways to use the grace period effectively:

Use Your Card Early in the Billing Cycle

Purchases made just after the billing cycle starts to get the maximum interest-free period.

Always Pay the Total Due Amount

Avoid paying only the minimum amount due to prevent interest charges.

Set Payment Reminders or Auto-Debit

This helps you avoid missing due dates accidentally.

Avoid Cash Withdrawals

Cash advances usually attract immediate interest without any grace period.

Track Billing Dates Carefully

Understanding your billing cycle helps you plan purchases strategically.

Why Understanding the Grace Period Matters

The grace period is not just a repayment window; it’s a financial management tool. Used wisely, it can help you:

Avoid unnecessary interest costs

Improve your creditworthiness

Build disciplined financial habits

Enjoy flexible spending without extra burden

However, while choosing a credit card, you should also evaluate:

Annual fees

Interest rates

Cashback and rewards

Merchant offers

EMI facilities

Security features

If you’re looking for a feature-rich card, the Fibe Axis Bank Credit Card offers a seamless and rewarding experience.

Key Features of the Fibe Axis Bank Credit Card

Zero joining fee and annual fee

Up to 3% cashback on online and offline spends

India’s first numberless credit card for enhanced security

RuPay-powered UPI payment compatibility

Easy expense management through the Fibe App

You can download the Fibe App from the Google Play Store or App Store to explore its features and apply online conveniently.

FAQs on Grace Period in Credit Card

How does a credit card grace period work?

A credit card grace period is the duration between your statement generation date and payment due date during which no interest is charged on purchases if the total bill amount is paid on time.

What is the grace period after the due date of the credit card?

As per RBI guidelines, banks may provide a short buffer period after the due date before reporting defaults. However, late fees and interest charges may still apply depending on the issuer’s policy.

Does the grace period affect your credit score?

Yes. Paying your dues within the grace period helps maintain a positive repayment history, which supports a healthy credit score.

Is interest charged during the grace period?

No. Interest is generally not charged during the grace period if you clear the total outstanding amount before the due date.

What happens if I don’t pay within the grace period?

If you fail to pay the total due amount within the grace period, you may have to pay:

Interest charges

Late payment fees

GST on applicable charges

Your credit score may also get affected if payments are delayed repeatedly.

Does the grace period apply to all transactions?

No. The grace period usually applies only to retail purchases. Transactions like:

Cash withdrawals

Balance transfers

Certain EMI conversions

may start attracting interest immediately from the transaction date.

An Informative Guide on Electric Vehicle Loan

Electric vehicles (EVs) are getting quite popular nowadays. If you’re planning to switch to this type of vehicle, you can get an electric vehicle loan easily. Many financial institutions including leading banks and Non-Banking Financial Institutions (NBFCs) provide financing for this type of vehicle.

By getting vehicles that run on electricity instead of traditional fuel, you can do your part for the environment and save significantly on fuel costs. You also become eligible for special tax benefits u/s 80EEB of the Income Tax Act.

Read on to learn more about how to get an EV loan, its eligibility, paperwork and more.

What is an Electric Vehicle and How They Work?

An EV is a type of automobile that runs on electric motors, with electricity stored in batteries or fuel cells. Here is how it works:

EVs function by converting electrical energy into mechanical energy for propulsion.
Key components of an EV include the electric motor, power control unit, battery pack and charging system.
The electric motor gets power from the battery pack and converts it into energy to drive the wheels.
The battery pack is reloaded through charging at stations or via regenerative braking.

How to Get an Electric Vehicle Loan?

To get financing for your EV, follow these steps:

Step 1: Choose a suitable EV from your car or two-wheeler dealership
Step 2: Explore and compare the loan terms that various lenders offer
Step 3: Choose a lender that offers the best deal and check the eligibility, paperwork and application process
Step 4: Fill out the application form, submit the required documents and complete other formalities
Step 5: After approval, the lender will disburse the amount

Also Read: How to get a Two Wheeler Loan?

Eligibility Criteria for Electric Vehicle Financing

To apply for the loan, you need to meet the loan eligibility requirements. While it varies with lenders, here are the general criteria:

You must be an Indian resident
You must be above the age of 21 years
You should have a credit score of 750 or above
You must have a work experience of at least 12 months
If you are self-employed, you must be operating a business for a minimum of 24 months

Paperwork Requirements for Electric Vehicle Financing

You also need to submit some paperwork for verification, such as:

Proof of Identity: Passport, PAN card, voter ID card, driving licence, etc.
Address Proof: Passport, ration card, driving licence, voters ID card, utility bills, etc.
Proof of Income and Employment: Salary pay slips and bank statements for the last 3 months, Form 16, ITR documents for the last 2 years

Benefits of Electric Vehicles

With an EV, you enjoy a plethora of perks including benefiting the environment. Here are some other advantages:

Electric vehicles have lower running costs leading to savings on fuel expenses
You enjoy special tax benefits under Section 80EEB of the Income Tax Act
Maintenance costs for electric vehicles are lower than petrol or diesel vehicles since there are fewer moving parts
Modern EVs can offer better performance than traditional vehicles that run on fuel
EVs are easy to drive, quiet and have simplified controls, making them convenient
They produce zero emissions, significantly reducing your carbon footprint
You can charge an EV at home without the need to visit petrol stations

Also Read- 3 Loans that Give you Tax Benefit

To finance your EV purchase, you can also consider getting an Instant Cash Loan from Fibe of up to ₹5 lakhs. You can use it to pay the down payment or the entire cost without any hassles since these loans come with no restriction on end use.

You also repay the dues comfortably over a tenure of 36 months. With quick processing and fund disbursal to your account, you can get the vehicle without any delay. Install the Fibe Personal Loan App or register on the website to get the funding with an easy application process and minimal documentation.

FAQs on EV Loan

How to invest in EV vehicles?

You can get an electronic vehicle or EV from any car or two-wheeler dealership. To finance the purchase, you can get a personal loan or a loan that is specially tailored for EVs.

What is EMI in electric vehicles?

Electromagnetic interference, or EMI in EVs, is any disturbance that transfers to the target from the source through a conducting path. A conducting path can be:

Cables
Wires
Traces
DC power bus
AC power bus

How do I register for EV?

To register for an electric vehicle, you need to visit a two-wheeler or car dealerships that offer EVs. Then, you need to get a loan, if required and complete the formalities.