
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.

Truck loan planning
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹1.75L
Fuel Type
Electric
Motor
Electric Motor
Finance
Select variant, adjust loan details, compare scenarios and review full repayment details.
Truck Price
Price will update the EMI estimate
Credit Score
Auto-adjusts interest rate
Estimated Monthly EMI
₹2,603
Calculated on ₹1,22,500 loan at 10% for 5 years.
Down Payment
₹52,500
Loan Principal
₹1,22,500
Total Interest
₹33,680
Total Cost
₹2,08,680
Cost Breakup
₹52,500
Amount paid upfront before finance starts.
₹1,22,500
₹33,680
Loan inputs
Change down payment, tenure and rate to see the monthly EMI update instantly.
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹2,514 |
SBI | 8.75% | ₹0 | ₹2,529 |
ICICI Bank | 9.1% | ₹3,999 | ₹2,549 |
HDFC Bank | 9.25% | ₹3,500 | ₹2,558 |
Axis Bank | 9.5% | ₹3,500 | ₹2,573 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The on-road price typically ranges from Rs. 1.20 lakh to Rs. 1.50 lakh, varying by state, battery type (lead-acid/lithium-ion), and any regional subsidies available.
Yes, it usually comes in different variants based on battery type (lead-acid or lithium-ion) and load capacity. Some might offer specific body types for different applications.
EMI options are readily available from banks and financial institutions. They often require a down payment and offer flexible tenures, making it accessible for small business owners.
The resale value is generally good, especially for well-maintained vehicles with decent battery health. Growing demand for electric commercial vehicles supports strong secondary market prices.
The quoted price usually includes the battery pack and a standard charger. However, it is always advisable to confirm with the dealer regarding specific inclusions and warranty terms.