
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
₹1.40L
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
₹2,083
Calculated on ₹98,000 loan at 10% for 5 years.
Down Payment
₹42,000
Loan Principal
₹98,000
Total Interest
₹26,980
Total Cost
₹1,66,980
Cost Breakup
₹42,000
Amount paid upfront before finance starts.
₹98,000
₹26,980
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 | ₹2,011 |
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.
News
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.
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.
Many dealerships offer flexible EMI plans with various banks and financial institutions. Down payment requirements and interest rates vary, making ownership accessible for many.
Electric rickshaws generally hold reasonable resale value, especially if well-maintained. Factors like battery condition, overall vehicle age, and market demand influence the value.
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.