
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
Monthly EMI
₹2,112
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹2,040 |
SBI | 8.75% | ₹0 | ₹2,052 |
ICICI Bank | 9.1% | ₹3,999 | ₹2,069 |
HDFC Bank | 9.25% | ₹3,500 | ₹2,076 |
Axis Bank | 9.5% | ₹3,500 | ₹2,088 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The estimated on-road price for the base model typically ranges from INR 7.5 to 8.5 lakhs, varying slightly by city, taxes, and registration charges.
Variants include different load body sizes, engine types (diesel/CNG), or basic/feature-rich options. Prices can vary by INR 50,000 to 1 lakh per variant.
Typical EMI options range from 15,000-20,000 INR per month with a down payment of 1.5-2 lakhs, depending on loan tenure and interest rates.
This truck holds a good resale value, generally retaining 50-60% of its original price after 3-5 years, attributed to its reliability and demand.
Dealers often provide seasonal discounts, exchange bonuses, or special financing schemes, especially during festive periods, which can save buyers a good amount.
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Finance
Your estimated monthly EMI