
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.

Ex-Showroom Price
₹1.75L
Key Specifications
GVW
700 kg
Power
1 hp
Finance
Monthly EMI
₹2,603
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹2,514 |
SBI | 8.75% | ₹0 | ₹2,529 |
ICICI Bank | 9.1% | ₹3,999 | ₹2,549 |
HDFC Bank | 9.25% | ₹3,500 | ₹2,558 |
Axis Bank | 9.5% | ₹3,500 | ₹2,573 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The on-road price usually ranges from INR 1.50 Lakh to INR 1.80 Lakh, varying by city, battery type, and specific dealer offers across different regions.
Typically, it comes in a standard cargo variant, sometimes with options for battery capacity or minor accessories, but not major structural variants for customization.
Many dealerships offer flexible EMI plans with down payments and tenure options, often ranging from 12 to 36 months, through various financial institutions for easy purchase.
Resale value is moderate, depending on battery health, maintenance, and overall condition. The growing electric vehicle market is gradually improving resale prospects over time.
Yes, certain state governments and central schemes like FAME-II may offer subsidies or tax benefits for electric vehicles, reducing the effective purchase cost significantly.
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Finance
Your estimated monthly EMI