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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Bajaj Riki P40 05 E Rickshaw EMI Calculator
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹1.91L
Fuel Type
Electric
Motor
Permanent Magnet Synchronous Motor
Finance
Bajaj Riki P40 05 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
Bajaj Riki P40 05 E Rickshaw (₹1,91,000)
Credit Score
Select CIBIL Range
Auto-adjusts interest rate
Estimated Monthly EMI
₹2,841
Calculated on ₹1,33,700 loan at 10% for 5 years.
Down Payment
₹57,300
Loan Principal
₹1,33,700
Total Interest
₹36,760
Total Cost
₹2,27,760
Cost Breakup
Down Payment
₹57,300
Amount paid upfront before finance starts.
Loan
₹1,33,700
Interest
₹36,760
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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₹1,91,000
₹
₹0₹91,000
%
7%25%
Yr
1 Year7 Years
Down Payment Insight
Increase down payment by ₹50,000 → EMI drops by ₹716 and you save ₹42,960 in total interest.
✓
Recommended: 5 Years
Balances affordable EMI (₹2,841) with lowest total interest.
Lender Comparison— ₹1,33,700 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹2,744 |
SBI | 8.75% | ₹0 | ₹2,760 |
ICICI Bank | 9.1% | ₹3,999 | ₹2,782 |
HDFC Bank | 9.25% | ₹3,500 | ₹2,792 |
Axis Bank | 9.5% | ₹3,500 | ₹2,808 |
* 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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Bajaj Riki P40 05 E Rickshaw Price FAQs
What is the ex-showroom price of the Bajaj Riki P40 05 E Rickshaw in India?
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The ex-showroom price of the Bajaj Riki P40 05 E Rickshaw in India typically ranges from approximately ₹1.40 Lakh to ₹1.60 Lakh, varying slightly based on specific state taxes and dealership offers.
What is the approximate on-road price of the Bajaj Riki P40 05 in Delhi?
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The approximate on-road price of the Bajaj Riki P40 05 in Delhi can range from ₹1.60 Lakh to ₹1.80 Lakh, which includes RTO registration, insurance, and other applicable charges specific to the capital.
How does the Bajaj Riki P40 05 price vary across different cities in India?
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The Bajaj Riki P40 05 price varies across Indian cities primarily due to differences in state government subsidies, local road taxes, registration fees, insurance costs, and individual dealer margins.
Are there any government subsidies available that affect the Bajaj Riki P40 05 E Rickshaw price?
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Yes, several state governments and the central government (under FAME II scheme) offer subsidies for electric vehicles, which can significantly reduce the final effective Bajaj Riki P40 05 E Rickshaw price for eligible buyers.
What is the Bajaj Riki P40 05 E Rickshaw price in Mumbai?
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The ex-showroom Bajaj Riki P40 05 E Rickshaw price in Mumbai generally falls between ₹1.45 Lakh and ₹1.65 Lakh, with the on-road price being higher due to Maharashtra state taxes and additional charges.
Can I get financing options for the Bajaj Riki P40 05, and how does that affect the overall price?
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Yes, various financial institutions and banks offer easy financing options for the Bajaj Riki P40 05, allowing you to pay the overall price through manageable monthly EMIs, though this adds interest costs.
What is the ex-showroom price of the Bajaj Riki P40 05 in Bangalore?
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In Bangalore, the ex-showroom price for the Bajaj Riki P40 05 is typically around ₹1.48 Lakh to ₹1.68 Lakh, subject to Karnataka state-specific taxes, subsidies, and current dealership offers.
How does the Bajaj Riki P40 05 price compare to other e-rickshaws in its segment?
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The Bajaj Riki P40 05 price is highly competitive within the e-rickshaw segment, offering a strong balance of quality, brand trust, robust features, and low operating costs for its asking price compared to many rivals.
What is the estimated price for the Bajaj Riki P40 05 E Rickshaw in Kolkata?
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The estimated ex-showroom price for the Bajaj Riki P40 05 E Rickshaw in Kolkata is usually in the range of ₹1.38 Lakh to ₹1.58 Lakh, with variations based on West Bengal state subsidies and local dealership rates.