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.
Truck loan planning
Atut Sangam E Rickshaw EMI Calculator
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹1.75L
Fuel Type
Electric
Motor
Brushless DC motor (BLDC Motor)
Finance
Atut Sangam E Rickshaw EMI Calculator
Select variant, adjust loan details, compare scenarios and review full repayment details.
Truck Price
Select Variant
Price will update the EMI estimate
Atut Sangam E Rickshaw (₹1,75,000)
Credit Score
Select CIBIL Range
Auto-adjusts interest rate
Estimated Monthly EMI
₹2,603
Calculated on ₹1,22,500 loan at 10% for 5 years.
Down Payment
₹52,500
Loan Principal
₹1,22,500
Total Interest
₹33,680
Total Cost
₹2,08,680
Cost Breakup
Down Payment
₹52,500
Amount paid upfront before finance starts.
Loan
₹1,22,500
Interest
₹33,680
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Loan inputs
Adjust Loan Details
Change down payment, tenure and rate to see the monthly EMI update instantly.
₹
₹1,00,000₹1,75,000
₹
₹0₹75,000
%
7%25%
Yr
1 Year7 Years
Down Payment Insight
Increase down payment by ₹50,000 → EMI drops by ₹478 and you save ₹28,680 in total interest.
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Recommended: 5 Years
Balances affordable EMI (₹2,603) with lowest total interest.
Lender Comparison— ₹1,22,500 · 5 yr · 10% base
| 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.
- 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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Atut Sangam E Rickshaw Price FAQs
What is the approximate on-road price of the Atut Sangam E Rickshaw in India?
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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.
Are there different variants available for the Atut Sangam E Rickshaw?
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Typically, it comes in a standard cargo variant, sometimes with options for battery capacity or minor accessories, but not major structural variants for customization.
What are the common EMI options for purchasing the Atut Sangam E Rickshaw?
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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.
What is the expected resale value of the Atut Sangam E Rickshaw?
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Resale value is moderate, depending on battery health, maintenance, and overall condition. The growing electric vehicle market is gradually improving resale prospects over time.
Are there any subsidies or government incentives for buying an Atut Sangam E Rickshaw?
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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.