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.
Finance
BYBY E-Rickshaw DLX EMI Calculator
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BYBY E-Rickshaw DLX (₹1,16,000)
Credit Score EstimatorAuto-adjusts interest rate
Down PaymentLoanInterest
Monthly EMI
₹1,726
Down Payment₹34,800
Loan Principal₹81,200
Total Interest₹22,360
Total Cost₹1,38,360
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Recommended: 5 Years
Balances affordable EMI (₹1,726) with lowest total interest.
Lender Comparison— ₹81,200 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹1,666 |
SBI | 8.75% | ₹0 | ₹1,676 |
ICICI Bank | 9.1% | ₹3,999 | ₹1,690 |
HDFC Bank | 9.25% | ₹3,500 | ₹1,696 |
Axis Bank | 9.5% | ₹3,500 | ₹1,706 |
* 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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BYBY E-Rickshaw DLX Price FAQs
What is the approximate on-road price of the Byby E Rickshaw Dlx in India?
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The on-road price for the Byby E Rickshaw Dlx typically ranges from INR 1.20 Lakhs to INR 1.60 Lakhs, varying by city, state subsidies, and specific dealer offers.
Are there different variants available for the Byby E Rickshaw Dlx, and how do they differ in price?
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Often, there are basic and slightly upgraded variants, potentially differing in battery capacity, features, or cargo deck size. Prices vary accordingly, reflecting these enhancements.
What kind of EMI options are available for purchasing the Byby E Rickshaw Dlx?
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Many dealerships offer flexible EMI plans through various financial institutions. Down payments and interest rates vary, making ownership accessible through monthly installments.
What is the expected resale value of the Byby E Rickshaw Dlx after a few years of use?
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Electric rickshaws generally hold reasonable resale value, depending on battery health, overall condition, and market demand. A well-maintained vehicle fares better in the secondary market.
Does the price of the Byby E Rickshaw Dlx include battery, or is it a separate cost?
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The listed on-road price usually includes the battery, as it's an integral component. However, always confirm with the dealer, as some financing options might separate costs.
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BYBY E-Rickshaw DLX EMI
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