IndiaBanks.org · independent research

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.

Facility amountAbove ₹10 lakh to ₹5 crorePricingBased on borrower or scheme-specific rating and SBI's extant guidelines; no numeric product rate publishedTarget customersExisting/prospective MSME and non-MSME businesses, fuel stations/petrol pumps, hotels, restaurants and commercial/office spaces setting up EV charging points
Official product page ↗Compare category

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 ↗
Facility amountAbove ₹10 lakh to ₹5 croreEffective 23 Dec 2024View source
Quantum of loan: Minimum > Rs. 10 lacs; Maximum Rs. 5 crores.
Source
EV Mitra — official product page
Page / section
Features — Quantum of loan
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Turnover / vintageNot published as a numeric turnover or business-vintage thresholdEffective 23 Dec 2024View source
The complete page specifies target enterprises, project type, amount, margin, tenor, fees and add-on cap but no numeric turnover or vintage threshold.
Source
EV Mitra — official product page
Page / section
Complete page review — Features
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
PricingBased on borrower or scheme-specific rating and SBI's extant guidelines; no numeric product rate publishedEffective 23 Dec 2024View source
Attractive Interest rates based on rating of the Borrower or as per Scheme Specific Rating ... or extant guidelines of the Bank.
Source
EV Mitra — official product page
Page / section
Features — Pricing
Accessed
1 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 ↗
Repayment period8 years including maximum nine-month moratoriumEffective 23 Dec 2024View source
Term Loan: 8 years (including the moratorium period of maximum 9 months).
Source
EV Mitra — official product page
Page / section
Features — Repayment Period
Accessed
1 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 ↗
Other chargesNo other charges published on the page (the Other Charges row states NA)Effective 23 Dec 2024View source
Other Charges: . The complete page does not publish a numeric or additional-charge schedule.
Source
EV Mitra — official product page
Page / section
Features — Other Charges
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
CollateralNot published on the reviewed official product pageEffective 23 Dec 2024View source
The complete page publishes target group, facility, amount, pricing, margin, repayment, fee and add-on-cost cap but no collateral-security rule.
Source
EV Mitra — official product page
Page / section
Complete page review — Security
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Required documentsNot published on the reviewed official product pageEffective 23 Dec 2024View source
No enumerated applicant document checklist appears on the complete page.
Source
EV Mitra — official product page
Page / section
Complete page review
Accessed
1 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 EV Mitra — official SBI product pageofficial-product-page · current · accessed 1 Sept 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

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

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

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 ↗

More from State Bank of India

Related products

Asset Backed Agriculture Loan (ABAL)

Overdraft finance for short-term production and investment credit secured by SARFAESI-compliant immovable property.

View product

ABL (Saral)

asset-backed working-capital and business-purpose finance above ₹10 lakh up to ₹5 crore, with a 25% borrower margin, up to 180-month dropline overdraft and property security at 65% .

View product

Agri Clinic and Agri Business Centres Loan

Term finance for agri-clinics and agri-business centres, up to ₹20 lakh for an individual or ₹1 crore for a group of five trained people, with up to 10-year term.

View product

Agri & Food Enterprises Loan (AFEL)

Finance for agri commodity, food processing, agri-input manufacturing, exports and selected agri infrastructure or ancillary activities, up to ₹100 crore.

View product