Yes, you can, but it is not easy or straightforward. The biggest challenge is that most golf cart manufacturers and dealers in India do not offer in-house EMI or financing options. Unlike car dealerships that have tie-ups with banks and NBFCs, golf cart sellers typically expect full upfront payment.
Since golf carts in India are sold almost exclusively to businesses, resorts, golf clubs, hotels, and airports. The relevant financing routes are:
- Business loan from banks like SBI, HDFC, or Axis Bank
- Equipment or machinery loan for commercial asset purchases
- EV loan if the cart is electric, which may attract lower rates or FAME-II subsidy benefits
Most buyers simply pay cash or use their business capital funds, as no ready-made EMI option exists at the dealer or manufacturer level.