VinFast Finance Guide Tamil Nadu: EMI, Loans & Tax Waiver

Author : maansarovar vinfast | Published On : 25 Feb 2026

VinFast Finance Guide: Loans, EMI & 100% Road Tax Exemption in Tamil Nadu

You’ve fallen in love with the design of the VF7. You’ve test-driven the VF6 in OMR traffic and loved the silence.

Now comes the part that usually kills the excitement: The Money Talk.

At Maansarovar VinFast, we believe buying a premium electric car shouldn't be a financial headache. In fact, in 2026, buying an EV in Tamil Nadu is arguably the smartest financial decision you can make.

Why? Because the government wants you to buy one, and banks are lining up to lend you money for it.

Here is your complete guide to financing your VinFast in Chennai and Coimbatore—from "Green Loans" to the massive road tax waiver.

The "Tamil Nadu Advantage": 100% Road Tax Exemption

Let’s start with the biggest saving.

If you buy a petrol SUV costing ₹18 Lakhs in Chennai today, you will immediately pay roughly ₹2.7 Lakhs* extra just for Road Tax & Registration. That is money that vanishes instantly.

The EV Rule:

The Tamil Nadu Government has extended the 100% Road Tax Exemption for Electric Vehicles.

• Petrol Car Road Tax: ~15%

• VinFast VF6/VF7 Road Tax: 0%

What this means for you:

That ₹2.7 Lakhs you would have paid to the RTO? You can keep it. Or better yet, use it to upgrade from the VF6 Base model to the fully loaded VF6 Plus with the panoramic sunroof. You literally get a better car for the same on-road price.

"Green Loans": Why Banks Love EVs

Did you know your interest rate on an electric car is often lower than on a diesel car?

Major banks like SBI, HDFC, and Axis Bank have specific "Green Financing" schemes. Because EVs are seen as "future-proof" assets (unlike diesel cars which might face bans), banks offer:

1. Lower Interest Rates: Often 0.50% to 1.0% cheaper than standard auto loans.

2. Higher Loan-to-Value (LTV): Some banks will fund up to 100% of the Ex-Showroom price, meaning you pay almost nothing upfront.

Maansarovar Finance Desk:

We have tie-ups with all major lenders. Walk into our Teynampet or OMR showroom, and our finance team can pull quotes from 5 different banks in 15 minutes to get you the lowest EMI.

Flexible Plans: Zero Down Payment?

We understand that every business owner in Coimbatore and salaried professional in Chennai manages cash flow differently.

That’s why we offer flexible VinFast Finance Options:

• The "Zero Down" Scheme:
  For eligible customers (with strong CIBIL scores), we can structure deals where you pay ₹0 Down Payment. You just sign the papers and drive the car home.

• The "Balloon" Scheme:
  Pay a lower EMI for the first 3 years and a lump sum at the end. Perfect if you are expecting a bonus or business maturity later.

• Step-Up EMIs:
  Start with a tiny EMI (easy on the pocket) that gradually increases as your salary grows.

The EMI Math: VF6 vs. Petrol SUV

Let’s look at a monthly cash flow comparison.

(Assumptions: ₹15 Lakh Loan | 5 Years | 9% Interest)

The Result:

Even if the loan amount is the same, owning a VinFast saves you ~₹11,800 every single month.

That saving basically pays for 30% of your EMI!

Documents Required for Fast Approval

Want to speed up the process? Bring these to the showroom:

For Salaried (IT/Corporate):

• Last 3 Months Payslips

• Last 6 Months Bank Statement

• Form 16 (2 Years)

• KYC (Aadhar/Pan)

For Self-Employed (Business Owners):

• IT Returns (2 Years)

• GST Certificate

• Bank Statement (6 Months)

 Check Your Eligibility Today

Don't guess your budget. Know exactly what you can afford.

Our Online EMI Calculator is calibrated for the latest Chennai interest rates. Or better yet, talk to our Finance Manager directly.

 

Related Articles:

• VinFast VF6 On-Road Price in Chennai: A Clear Breakdown

• VinFast Battery Subscription vs. Buying: Which is Right for You?

• Is Switching to Electric Worth It? A Real Cost Analysis

 

 FAQs 

1. Is EV financing cheaper than petrol car loans in Tamil Nadu?
Yes. Many banks offer EV loans at 0.5–1% lower interest due to green financing benefits.

2. Does VinFast get 100% road tax exemption in Tamil Nadu?
Yes. Both VF6 and VF7 qualify for full road tax exemption, saving up to ₹2–3 lakhs.

3. Can I buy a VinFast with zero down payment?
Eligible buyers with good credit scores can opt for zero down payment schemes.

4. Which banks finance VinFast cars?
SBI, HDFC, Axis Bank, and other leading banks offer VinFast EV loans.

5. Is EMI lower for EVs compared to petrol SUVs?
Yes. When fuel and maintenance savings are included, EV monthly outflow is significantly lower.