
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
₹1.38L
Key Specifications
GVW
0 kg
Power
1 hp
Finance
Monthly EMI
₹2,053
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹1,982 |
SBI | 8.75% | ₹0 | ₹1,994 |
ICICI Bank | 9.1% | ₹3,999 | ₹2,010 |
HDFC Bank | 9.25% | ₹3,500 | ₹2,017 |
Axis Bank | 9.5% | ₹3,500 | ₹2,029 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The on-road price typically ranges from 12 to 15 Lakhs, varying by city, state taxes, and specific features or accessories chosen by the buyer.
Yes, it usually comes in a few variants, primarily differing in cargo body length, payload capacity, and sometimes cabin features, catering to various operational needs.
EMI options are available from various banks, with down payments typically ranging from 10-25% of the ex-showroom price, depending on credit score and loan tenure.
The Deluxe generally holds a good resale value due to its durability, reliability, and demand in the used commercial vehicle market, making it a sound investment.
Annual insurance costs can range from INR 25,000 to INR 40,000, depending on the chosen policy, coverage, insurer, and the truck's age and location.
Brochure
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Finance
Your estimated monthly EMI