
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
₹2.32L
Key Specifications
GVW
400 kg
Power
NA
Finance
Monthly EMI
₹3,451
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹3,332 |
SBI | 8.75% | ₹0 | ₹3,352 |
ICICI Bank | 9.1% | ₹3,999 | ₹3,380 |
HDFC Bank | 9.25% | ₹3,500 | ₹3,391 |
Axis Bank | 9.5% | ₹3,500 | ₹3,411 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The on-road price typically ranges from 3.5 to 4.5 Lakhs, varying by city, state taxes, and any optional accessories chosen for the efficient electric vehicle.
It usually comes in a standard closed body loader configuration, with minor options for battery capacity or charging solutions, focusing on a streamlined, functional offering.
EMI options are readily available from banks and financial institutions, with varying down payments and tenures, making it accessible for small businesses and fleet operators.
As an electric vehicle, its resale value is evolving. Initial trends show good retention, especially with robust battery warranties, offering long-term investment security.
Yes, the Li Max often qualifies for FAME II subsidies and state-level incentives, significantly reducing the initial purchase cost and promoting EV adoption nationwide.
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Finance
Your estimated monthly EMI