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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BYBY Govt. Approved E-Rickshaw EMI Calculator
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹1.50L
Fuel Type
Electric
Motor
BLDC Motor
Finance
BYBY Govt. Approved E-Rickshaw EMI Calculator
Select variant, adjust loan details, compare scenarios and review full repayment details.
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Price will update the EMI estimate
BYBY Govt. Approved E-Rickshaw (₹1,50,000)
Credit Score
Select CIBIL Range
Auto-adjusts interest rate
Estimated Monthly EMI
₹2,231
Calculated on ₹1,05,000 loan at 10% for 5 years.
Down Payment
₹45,000
Loan Principal
₹1,05,000
Total Interest
₹28,860
Total Cost
₹1,78,860
Cost Breakup
Down Payment
₹45,000
Amount paid upfront before finance starts.
Loan
₹1,05,000
Interest
₹28,860
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Loan inputs
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Change down payment, tenure and rate to see the monthly EMI update instantly.
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₹1,00,000₹1,50,000
₹
₹0₹50,000
%
7%25%
Yr
1 Year7 Years
Down Payment Insight
Increase down payment by ₹50,000 → EMI drops by ₹106 and you save ₹6,360 in total interest.
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Recommended: 5 Years
Balances affordable EMI (₹2,231) with lowest total interest.
Lender Comparison— ₹1,05,000 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹2,155 |
SBI | 8.75% | ₹0 | ₹2,167 |
ICICI Bank | 9.1% | ₹3,999 | ₹2,185 |
HDFC Bank | 9.25% | ₹3,500 | ₹2,193 |
Axis Bank | 9.5% | ₹3,500 | ₹2,206 |
* 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 Govt. Approved E-Rickshaw Price FAQs
What is the approximate on-road price of the Byby Govt. Approved E Rickshaw in India?
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The approximate on-road price typically ranges from Rs. 1.20 lakh to Rs. 1.50 lakh, varying by city and specific dealer offers. This includes registration and taxes.
Are there different variants of the Byby E Rickshaw available, and how do they differ in price?
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Yes, basic passenger and cargo variants are common, with price differences reflecting battery type, payload capacity, or additional features. Consult local dealers for specifics.
What are the typical EMI options available for purchasing the Byby Govt. Approved E Rickshaw?
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Various EMI options are usually available through financers, with flexible tenures and interest rates. Down payment requirements and monthly installments vary based on loan amount.
What is the expected resale value of a Byby Govt. Approved E Rickshaw after a few years?
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The resale value remains decent, especially for well-maintained models, due to consistent demand for electric rickshaws. Battery condition significantly influences its market worth.
Are there any subsidies or government schemes applicable to the Byby E Rickshaw price?
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Yes, buyers may be eligible for central or state government subsidies under FAME II or similar initiatives. These schemes can significantly reduce the effective purchase cost.