
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
₹1.75L
Key Specifications
GVW
700 kg
Power
1 hp
Finance
Monthly EMI
₹2,603
| 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.
Brochure
Download for detailed specs, features & prices.
Finance
Your estimated monthly EMI