Piaggio and SBI Signed an MoU to Offer Intrest Free Auto Loans in UP
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.
Divya Enterprises Fox E-Rickshaw
Ex-Showroom Price
₹1.40L
Key Specifications
GVW
713 kg
Power
1 hp
Finance
Divya Enterprises Fox E-Rickshaw EMI Calculator
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Divya Enterprises Fox E-Rickshaw (₹1,40,000)
Credit Score EstimatorAuto-adjusts interest rate
Down PaymentLoanInterest
Monthly EMI
₹2,083
Down Payment₹42,000
Loan Principal₹98,000
Total Interest₹26,980
Total Cost₹1,66,980
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₹
₹1,00,000₹1,40,000
₹
₹0₹40,000
%
7%25%
Yr
1 Year7 Years
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Recommended: 5 Years
Balances affordable EMI (₹2,083) with lowest total interest.
Lender Comparison— ₹98,000 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹2,011 |
SBI | 8.75% | ₹0 | ₹2,023 |
ICICI Bank | 9.1% | ₹3,999 | ₹2,040 |
HDFC Bank | 9.25% | ₹3,500 | ₹2,047 |
Axis Bank | 9.5% | ₹3,500 | ₹2,059 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
- Processing fee and other loan charges are not included in this calculation.
- The calculated EMI assumes 10% interest rate. Actual rate may vary based on your credit profile and lender.
- Loan approval is at the sole discretion of the finance partner.
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Divya Enterprises Fox E-Rickshaw Price FAQs
What is the on-road price of the Divya Enterprises Fox E Rickshaw in India?
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The on-road price typically ranges from INR 1.0 lakh to 1.5 lakh, varying by city, state subsidies, and dealer offers. It is a cost-effective solution.
Are there different variants available and how do their prices vary?
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Variants usually differ by battery type (lead-acid vs. lithium-ion) or specific cargo bed configurations. Lithium-ion models are generally priced higher due to advanced technology.
What are the EMI options available for purchasing this e rickshaw?
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Many dealerships offer flexible EMI plans with various banks and financial institutions. Down payment requirements and interest rates vary, making ownership accessible for many.
What is the expected resale value of the Divya Enterprises Fox E Rickshaw?
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Electric rickshaws generally hold reasonable resale value, especially if well-maintained. Factors like battery condition, overall vehicle age, and market demand influence the value.
Does the price include battery and charger or are they separate?
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Typically, the quoted on-road price includes the battery and charger as standard. It is always advisable to confirm this with your dealer during the purchase process.
Brochure
Divya Enterprises Fox E-Rickshaw Brochure
Download for detailed specs, features & prices.
Finance
Divya Enterprises Fox E-Rickshaw EMI
Your estimated monthly EMI