
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.

Truck loan planning
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹84.00 K
Fuel Type
Electric
Motor
BLDC Motor
Finance
Select variant, adjust loan details, compare scenarios and review full repayment details.
Truck Price
Price will update the EMI estimate
Credit Score
Auto-adjusts interest rate
Estimated Monthly EMI
₹1,250
Calculated on ₹58,800 loan at 10% for 5 years.
Down Payment
₹25,200
Loan Principal
₹58,800
Total Interest
₹16,200
Total Cost
₹1,00,200
Cost Breakup
₹25,200
Amount paid upfront before finance starts.
₹58,800
₹16,200
Loan inputs
Change down payment, tenure and rate to see the monthly EMI update instantly.
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹1,207 |
SBI | 8.75% | ₹0 | ₹1,214 |
ICICI Bank | 9.1% | ₹3,999 | ₹1,224 |
HDFC Bank | 9.25% | ₹3,500 | ₹1,228 |
Axis Bank | 9.5% | ₹3,500 | ₹1,235 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The estimated on-road price typically ranges from Rs. 1.20 lakh to Rs. 1.70 lakh, varying by city, battery type, and local taxes.
Yes, passenger and cargo variants exist. Passenger models may have different battery options impacting price, with cargo models often slightly higher due to specific modifications.
Many dealerships offer flexible EMI plans with down payments and monthly installments. Financing options from banks and NBFCs are widely available for buyers.
Resale value is generally fair, depending on maintenance, battery condition, and market demand. Well-maintained e-rickshaws hold good value in India.
Usually, the listed price includes the battery. However, always confirm with the dealer, as some schemes might offer battery-as-a-service or separate purchase options.