
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
₹1.20L
Key Specifications
GVW
380 kg
Power
1 hp
Finance
Monthly EMI
₹1,785
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹1,724 |
SBI | 8.75% | ₹0 | ₹1,734 |
ICICI Bank | 9.1% | ₹3,999 | ₹1,748 |
HDFC Bank | 9.25% | ₹3,500 | ₹1,754 |
Axis Bank | 9.5% | ₹3,500 | ₹1,765 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The on-road price typically ranges from INR 6.5 to 7.5 Lakhs. This varies by city, state taxes, and specific dealer offers, making it an affordable entry-level commercial vehicle.
It usually comes in one or two basic variants, primarily differing by deck length or minor accessory packages. This keeps the buying process straightforward and focused on essential utility.
EMI can range from INR 10,000 to 15,000 per month for a 3-5 year loan tenure. This depends on factors like down payment, prevailing interest rates, and the total loan amount.
The City Life Li Prima 2022 generally holds a good resale value. This is attributed to its durability, low running costs, and consistent demand in the used commercial vehicle market in India.
Yes, various banks and financial institutions offer attractive loan schemes with flexible repayment options for commercial vehicles. Dealers often provide special offers, including exchange bonuses and discounts.
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Finance
Your estimated monthly EMI