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Truck loan planning

Atul RIK CUB EMI Calculator

Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.

Ex-Showroom Price

₹1.95L

Fuel Type

CNG

Power

9.86 hp

Finance

Atul RIK CUB EMI Calculator

Select variant, adjust loan details, compare scenarios and review full repayment details.

Truck Price

Select Variant

Price will update the EMI estimate

Atul RIK CUB (₹1,95,000)

Credit Score

Select CIBIL Range

Auto-adjusts interest rate

Estimated Monthly EMI

₹2,901

Calculated on ₹1,36,500 loan at 10% for 5 years.

Down Payment

₹58,500

Loan Principal

₹1,36,500

Total Interest

₹37,560

Total Cost

₹2,32,560

Cost Breakup

Interest16%of total cost
Down Payment

₹58,500

Amount paid upfront before finance starts.

Loan

₹1,36,500

Interest

₹37,560

Share Your EMI

Loan inputs

Adjust Loan Details

Change down payment, tenure and rate to see the monthly EMI update instantly.

₹
₹1,00,000₹1,95,000
₹
₹0₹95,000
%
7%25%
Yr
1 Year7 Years
Down Payment Insight
Increase down payment by ₹50,000 → EMI drops by ₹776 and you save ₹46,560 in total interest.
✓
Recommended: 5 Years
Balances affordable EMI (₹2,901) with lowest total interest.

Lender Comparison— ₹1,36,500 · 5 yr · 10% base

Bank / NBFCRateProc. FeeEMI
BESTMahindra Finance
8.5%₹2,999₹2,801
SBI
8.75%₹0₹2,817
ICICI Bank
9.1%₹3,999₹2,841
HDFC Bank
9.25%₹3,500₹2,851
Axis Bank
9.5%₹3,500₹2,867

* 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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Atul RIK CUB Price FAQs

What is the general price range for small commercial vehicles in India?

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The price range for small commercial vehicles in India typically starts from around ₹4.5 lakhs and can go up to ₹10-12 lakhs, depending on the brand, features, and payload capacity. This makes them accessible for many businesses.

What factors significantly influence the truck price in India?

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Several factors influence truck price, including brand reputation, engine specifications, payload capacity, features like AC and power steering, and emission standards. The type of truck, such as a heavy-duty truck versus a light-duty one, also plays a major role.

How does the truck price differ between heavy-duty and light-duty trucks?

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Heavy-duty trucks, designed for large payloads and long hauls, generally have a much higher truck price, often starting from ₹20-25 lakhs and going into crores. Light-duty trucks, with lower capacities, are more affordable.

Are there any government subsidies or schemes that affect truck price for buyers in India?

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While direct subsidies for individual truck purchases are not common, certain government schemes might offer financing benefits or tax incentives for specific types of commercial vehicles, especially electric or BS6-compliant models.

What is included in the ex-showroom truck price versus the on-road price?

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The ex-showroom truck price is the basic cost of the vehicle before taxes, insurance, and registration charges. The on-road price includes all these additional costs, giving you the total amount you need to pay to get your truck on the road.

Can I negotiate the truck price with dealers in India?

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Yes, it's often possible to negotiate the truck price with dealers, especially during festive seasons or at the end of financial quarters. You might be able to get discounts, free accessories, or better financing deals.

How does the brand affect the truck price in India?

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Established and premium truck brands often have a higher truck price due to their reputation for reliability, advanced technology, and extensive service networks. However, newer brands might offer competitive pricing to gain market share.

What are the common financing options available for purchasing a truck in India?

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Common financing options include commercial vehicle loans from banks and NBFCs, which offer various interest rates and repayment tenures. Leasing options are also available for businesses looking for flexibility in truck price management.