
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.

Ex-Showroom Price
₹1.15L
Key Specifications
GVW
380 kg
Power
1 hp
Finance
Monthly EMI
₹1,711
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹1,652 |
SBI | 8.75% | ₹0 | ₹1,662 |
ICICI Bank | 9.1% | ₹3,999 | ₹1,675 |
HDFC Bank | 9.25% | ₹3,500 | ₹1,681 |
Axis Bank | 9.5% | ₹3,500 | ₹1,691 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The on-road price typically ranges from INR 1.00 lakh to INR 1.50 lakh, varying by city, dealership offers, and specific model features.
Yes, often there are minor variants offering differences in battery capacity, motor power, or accessory packages, impacting the final price slightly.
Many dealerships offer flexible EMI options through financing partners, requiring a down payment and manageable monthly installments, making it accessible.
The resale value is generally fair, supported by the increasing demand for electric vehicles and their low running costs, especially if well-maintained.
Key factors include the battery type (lead-acid vs. lithium-ion), motor power, regional subsidies, and any additional features or accessories chosen.
Brochure
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Finance
Your estimated monthly EMI