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Business, & agriculture finance

EV Mitra

term-loan finance above ₹10 lakh up to ₹5 crore for public, captive and battery-swapping electric-vehicle charging infrastructure, with 8-year repayment and a 25% minimum borrower contribution.

Loan amountMore than ₹10 lakh to ₹5 croreTarget customersExisting/prospective MSME and non-MSME businesses, fuel stations/petrol pumps, hotels, restaurants and commercial/office spaces setting up EV charging pointsSecuritySolar-vendor loans require no collateral security and are covered under CGTMSE; the EV Mitra panel does not publish a collateral rule
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Quick eligibility check

EV Mitra

0 of 2 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: Existing/prospective MSME and non-MSME businesses, fuel stations/petrol pumps, hotels, restaurants and commercial/office spaces setting up EV charging points?

Published source: Target customers

2Do you meet this requirement: Existing/prospective MSME and non-MSME enterprises, fuel stations, hotels, restaurants and commercial/office spaces can set up charging points for captive or commercial use?

0 of 2 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 1 Sept 2026 · active
Offered byState Bank of India

India; public, private and captive EV charging locations

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

PurposeSet up public or private EV charging infrastructure under franchise or standalone models, including public charging, captive charging and battery-swapping stationsEffective 23 Dec 2024View source
To finance Business enterprises planning to set up Charging infrastructure for EVs at Public/Private places under Franchise model/Standalone Model.
Source
EV Mitra — official product page
Page / section
Purpose
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Target customersExisting/prospective MSME and non-MSME businesses, fuel stations/petrol pumps, hotels, restaurants and commercial/office spaces setting up EV charging pointsEffective 23 Dec 2024View source
Target Group includes existing and prospective & Non- business enterprises, existing fuel stations, hotels, restaurants and commercial/office spaces.
Source
EV Mitra — official product page
Page / section
Features — Target Group
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
FacilityTerm loanEffective 23 Dec 2024View source
Facilities Available: Term Loan.
Source
EV Mitra — official product page
Page / section
Features — Facilities Available
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Loan amountMore than ₹10 lakh to ₹5 croreEffective 30 Apr 2025View source
Solar: Quantum of loan minimum > Rs.10 lacs, maximum Rs.5 crores; EV Mitra: Minimum > Rs.10 lacs, Maximum Rs.5 crores
Source
Bouquet of Products and Services — Version 3.0 (Business loan section)
Page / section
Printed page 31 / physical page 38 — Finance to Solar Vendors and EV Mitra
Accessed
10 Sept 2026
Confidence
high
Open official source ↗
Borrower marginMinimum 25% for term loanEffective 23 Dec 2024View source
Term Loan: Min. 25%.
Source
EV Mitra — official product page
Page / section
Features — Borrower's Margin / Contribution
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
TenureEV Mitra term loan: 8 years including maximum 9-month moratorium; Solar vendor tenure is not published in the panelEffective 30 Apr 2025View source
EV Mitra repayment period: Term Loan 8 years including moratorium maximum 9 months; no solar tenure appears.
Source
Bouquet of Products and Services — Version 3.0 (Business loan section)
Page / section
Printed page 31 / physical page 38 — Finance to Solar Vendors and EV Mitra
Accessed
10 Sept 2026
Confidence
high
Open official source ↗
Processing / upfront feeSBI's extant card rates applicable from time to timeEffective 23 Dec 2024View source
As per Bank's extant card rates applicable from time to time.
Source
EV Mitra — official product page
Page / section
Features — Processing Fee / Upfront Fee
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
SecuritySolar-vendor loans require no collateral security and are covered under CGTMSE; the EV Mitra panel does not publish a collateral ruleEffective 30 Apr 2025View source
Solar: No Collateral security; all loans covered under . EV Mitra panel gives no collateral statement.
Source
Bouquet of Products and Services — Version 3.0 (Business loan section)
Page / section
Printed page 31 / physical page 38 — Finance to Solar Vendors and EV Mitra
Accessed
10 Sept 2026
Confidence
high
Open official source ↗
Geographic limitsIndia; public, private and captive EV charging locationsView source
The manually reviewed product record states: “India; public, private and captive EV charging locations”.
Source
EV Mitra — official product page
Page / section
Published product metadata
Accessed
1 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • Term loan for public charging, captive charging and battery swapping
  • Above ₹10 lakh to ₹5 crore
  • 8-year repayment including up to nine-month moratorium
  • Cafeteria/restroom add-ons permitted within published cap

Eligibility

  • Existing/prospective and non- enterprises, fuel stations, hotels, restaurants and commercial/office spaces can set up charging points for captive or commercial use.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Not published on the reviewed official product page; the page states target enterprises and project conditions but no checklist is enumerated.

Related official documents

SBI Bouquet of Products and Services — Version 3.0 (Business loan section)official-pdf · current · accessed 10 Sept 2026
↗
SBI EV Mitra — official SBI product pageofficial-product-page · current · accessed 1 Sept 2026
↗

Plan before applying

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Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

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Purpose · Published termPublic/captive EV charging and battery swapping infrastructure

This value is copied from EV Mitra — published terms. Check the table notes before relying on it.

Source: EV Mitra — official product page · Purpose and Features Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 9 rows · 2 columnsSBI EV Mitra — published termsTerms published on SBI's EV charging-infrastructure page.View tableHide table

Scroll sideways to view every column

SBI EV Mitra — published terms
ItemPublished term
PurposePublic/captive EV charging and battery swapping infrastructure
CustomerExisting/prospective and non- businesses, fuel stations, hotels, restaurants and commercial spaces
FacilityTerm loan
AmountAbove ₹10 lakh to ₹5 crore
MarginMinimum 25%
Repayment8 years including up to nine-month moratorium
ProcessingExtant card rates
Other charges
Special featureCafeteria/restroom add-ons limited to lower of 25% of project cost or ₹1 crore
  • Last updated on the page: 23 December 2024.
EV Mitra — official product page · Purpose and Features · accessed 1 Sept 2026Open official source ↗
Table 2 · 13 rows · 4 columnsBusiness-loan panelsView tableHide table

Scroll sideways to view every column

Business-loan panels
Product or variantPublished purpose / eligibilityAmount / rate / feeTenure / margin / security
Cash Credit (Working Capital)Manufacturing, trade and services; limits assessed on audited financials/cash flow and projectionsCompetitive rating-linked interest; amount not publishedFacility subject to bank policy
Term LoanManufacturing, trade and services acquiring fixed assets or expanding capacityCompetitive internal/external-rating-linked interest; amount not publishedCollateral as per bank policy
e-DFSDealers/distributors recommended by an Industry Major/6-month -linked; minimum 25% collateral securityCash-credit inventory funding
e-VFS — vendor exposureVendors of reputed corporates; peak monthly sales plus 20% contingency100% invoice funding; ₹10,000–₹30,000 unified charges; nil collateralClean cash credit; T-Bill-linked pricing; in-principle digital sanction up to ₹50 crore
e-VFS — Industry Major exposureCorporate's peak monthly purchases; no individual vendor limit100% invoice funding; no primary security; clean or security-backed by risk assessmentT-Bill-linked pricing; liberalised documentation
Export FinanceExporters using EPC, FBP, , and Exporters Gold CardCompetitive/T-Bill-linked pricing; Interest Equalisation Scheme where eligibleNeed-based limits based on export turnover/orders; collateral as per policy
Asset Backed Loan (Saral)Loan against propertyMore than ₹10 lakh to ₹5 crore; 65% of realizable property value180 months; no primary security envisaged
ABLLoan against propertyMore than ₹5 crore to ₹20 crore; 60% of realizable property value240 months; no primary security envisaged
Car LoanPromoter/partner/director gross taxable income ₹3 lakh+; vehicle purchaseUp to ₹5 crore or 4× annual income, lower of the two5 or 7 years; no collateral, vehicle hypothecation
Fleet FinanceThree years' experience; regular scheme requires 10-vehicle fleet₹50 lakh–₹50 crore tie-up; ₹50 lakh–₹5 crore regular72 months incl. 5-month moratorium tie-up; 60 months regular; regular
Healthcare Business LoanHealthcare practitioners, hospitals, diagnostics, pharmacies and manufacturers₹10 lakh–₹50 crore; cash credit capped at ₹5 crore10 years incl. 18-month moratorium; 25% tangible collateral above ₹5 crore
Finance to Solar VendorsExisting solar vendors/channel partners/sub-contractors registered with MNREMore than ₹10 lakh to ₹5 crore; processing fee per extant card ratesCash credit; no collateral; cover
EV MitraExisting/prospective and non- businesses setting up public/captive/battery-swapping stationsMore than ₹10 lakh to ₹5 crore; minimum 25% borrower contribution8 years incl. 9-month moratorium; processing fee per extant card rates; amenities capped at 25% of project cost or ₹100 lakh
  • Every row is transcribed from the rendered panels; an amount, fee or security rule is left unpublished when the panel is silent.
Bouquet of Products and Services — Version 3.0 (Business loan section) · Printed pages 29–31 / physical pages 36–38 · accessed 10 Sept 2026Open official source ↗

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