Piaggio and SBI Signed an MoU to Offer Intrest Free Auto Loans in UP
Piaggio and SBI will finance three-wheelers in UP at 0% interest under CM Yuva Yojana. Here's the real math, who qualifies, and how to apply first.
Finance
EKA 3S EMI Calculator
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EKA 3S (₹3,50,000)
Credit Score EstimatorAuto-adjusts interest rate
Down PaymentLoanInterest
Monthly EMI
₹5,206
Down Payment₹1,05,000
Loan Principal₹2,45,000
Total Interest₹67,360
Total Cost₹4,17,360
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Increase down payment by ₹50,000 → EMI drops by ₹1,062 and you save ₹63,720 in total interest.
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Recommended: 5 Years
Balances affordable EMI (₹5,206) with lowest total interest.
Lender Comparison— ₹2,45,000 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹5,027 |
SBI | 8.75% | ₹0 | ₹5,057 |
ICICI Bank | 9.1% | ₹3,999 | ₹5,098 |
HDFC Bank | 9.25% | ₹3,500 | ₹5,116 |
Axis Bank | 9.5% | ₹3,500 | ₹5,146 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
- Processing fee and other loan charges are not included in this calculation.
- The calculated EMI assumes 10% interest rate. Actual rate may vary based on your credit profile and lender.
- Loan approval is at the sole discretion of the finance partner.
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EKA 3S Price FAQs
What is the estimated ex-showroom price of the Eka 3s in India?
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The estimated ex-showroom price of the Eka 3s typically ranges between ₹6.5 Lakhs to ₹7.5 Lakhs, depending on the variant and specific configurations. This competitive price makes it an attractive option in the electric LCV segment.
What factors influence the final on-road price of the Eka 3s?
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The final on-road price of the Eka 3s includes the ex-showroom price, RTO registration, insurance, and any applicable state subsidies or taxes. These components collectively determine the total cost to the buyer.
Does the Eka 3s price benefit from government subsidies?
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Yes, the Eka 3s price often benefits from various government subsidies under schemes like FAME-II, which can significantly reduce the effective purchase cost for buyers. It's advisable to check current state and central government subsidy programs.
What is the estimated on-road price of the Eka 3s in Delhi?
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In Delhi, after considering potential FAME-II subsidies and state incentives, the estimated on-road price for the Eka 3s could range from approximately ₹7.0 Lakhs to ₹8.0 Lakhs. This price is subject to change based on specific dealer offers and RTO charges.
What is the estimated on-road price of the Eka 3s in Mumbai?
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For Mumbai, the estimated on-road price of the Eka 3s could be around ₹7.2 Lakhs to ₹8.2 Lakhs, taking into account local taxes, RTO, and insurance costs. The final price will depend on specific configurations and prevailing government policies.
Are there financing options available for the Eka 3s price?
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Yes, several banks and financial institutions offer attractive financing options and competitive EMI schemes for the Eka 3s price, making it easier for businesses to invest in electric mobility. Contact your dealer for detailed finance plans.
How does the total ownership cost of Eka 3s compare with diesel trucks, considering its price?
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Despite a potentially higher initial ex-showroom price, the total ownership cost of the Eka 3s is significantly lower than diesel trucks over its lifespan due to much reduced fuel expenses and lower maintenance costs. This makes the electric truck price a wise long-term investment.
What is the estimated on-road price of the Eka 3s in Bengaluru?
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In Bengaluru, the estimated on-road price for the Eka 3s is likely to be between ₹7.3 Lakhs to ₹8.3 Lakhs, factoring in local taxes, registration, and insurance. This price can vary based on the exact variant and current government incentives.
Is the Eka 3s price inclusive of the battery?
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Yes, the quoted Eka 3s price typically includes the battery pack, which is an integral part of the electric vehicle. This comprehensive price ensures you get a ready-to-operate electric truck.
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EKA 3S EMI
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