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.
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Avon E-Rick 207 Butterfly EMI Calculator
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹1.35L
Fuel Type
Electric
Motor
Electric Motor
Finance
Avon E-Rick 207 Butterfly EMI Calculator
Select variant, adjust loan details, compare scenarios and review full repayment details.
Truck Price
Select Variant
Price will update the EMI estimate
Avon E-Rick 207 Butterfly (₹1,35,000)
Credit Score
Select CIBIL Range
Auto-adjusts interest rate
Estimated Monthly EMI
₹2,008
Calculated on ₹94,500 loan at 10% for 5 years.
Down Payment
₹40,500
Loan Principal
₹94,500
Total Interest
₹25,980
Total Cost
₹1,60,980
Cost Breakup
Down Payment
₹40,500
Amount paid upfront before finance starts.
Loan
₹94,500
Interest
₹25,980
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Loan inputs
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Change down payment, tenure and rate to see the monthly EMI update instantly.
₹
₹1,00,000₹1,35,000
₹
₹0₹35,000
%
7%25%
Yr
1 Year7 Years
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Recommended: 5 Years
Balances affordable EMI (₹2,008) with lowest total interest.
Lender Comparison— ₹94,500 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹1,939 |
SBI | 8.75% | ₹0 | ₹1,951 |
ICICI Bank | 9.1% | ₹3,999 | ₹1,967 |
HDFC Bank | 9.25% | ₹3,500 | ₹1,974 |
Axis Bank | 9.5% | ₹3,500 | ₹1,985 |
* 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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Avon E-Rick 207 Butterfly Price FAQs
What is the expected truck price in India for the Avon E Rick 207 Butterfly?
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The ex-showroom truck price in India for the Avon E Rick 207 Butterfly typically ranges between ₹1.4 Lakhs to ₹1.8 Lakhs. The exact on-road price can vary based on your city, specific model variants, and applicable state taxes or RTO charges.
Does the price include battery, or is it separate?
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For the Avon E Rick 207 Butterfly, the advertised price usually includes the battery pack, which is integral to its electric powertrain. However, it's always wise to confirm this with your dealer, as specific offers or financing structures might vary.
Are there any government subsidies or incentives available for purchasing electric rickshaws?
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Yes, the Indian government often provides subsidies and incentives under schemes like FAME-II for electric vehicles, including e-rickshaws like the Avon E Rick 207 Butterfly. These can significantly reduce the effective truck price in India, making it even more affordable. Check local and national schemes for eligibility.
What are the available financing options or EMI plans for this e-rickshaw?
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Most dealers offer various financing options and flexible EMI plans from leading banks and financial institutions for the Avon E Rick 207 Butterfly. You can usually get attractive interest rates and tailored repayment schedules to make your purchase convenient.
What is the estimated maintenance cost for the Avon E Rick 207 Butterfly?
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The Avon E Rick 207 Butterfly boasts remarkably low maintenance costs compared to petrol or diesel commercial vehicles. With fewer moving parts and no fuel system to maintain, owners typically save significantly on servicing, contributing to a lower overall ownership price.
Does the on-road price vary significantly by state in India?
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Yes, the on-road price for the Avon E Rick 207 Butterfly can vary significantly across different states in India. This is primarily due to varying state RTO charges, road taxes, insurance costs, and local subsidies or levies, so it's best to confirm the exact truck price in your specific state.
Is the Avon E Rick 207 Butterfly a cost-effective choice for a commercial vehicle?
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Absolutely! Considering its competitive initial truck price, low running costs, minimal maintenance, and potential government subsidies, the Avon E Rick 207 Butterfly is an exceptionally cost-effective choice. It offers a quick return on investment for those seeking a reliable small commercial vehicle.