There is no such limit as to the amount of loan that we should be going for. You can avail any amount but the exemption is implied on the maximum interest value of Rs. 1,50,000 only and in case of individuals who are using their vehicle for business purposes, any amount exceeding Rs. 1,50,000 shall be deemed as business expenses. Concluding this new development, we can say that this will help us in curbing this serious problem which has been plaguing us. Section 80EEB will push many to go for these environment-friendly modes of transports.